In the realm of business, accounting serves as the universal language facilitating financial understanding and decision-making. This comprehensive course is meticulously structured to provide participants with a foundational comprehension of accounting principles, enabling them to proficiently interpret and analyze financial statements. By delving into the intricate relationship between accounting and finance, participants will grasp the nuances of debits and credits, ultimately mastering the art of accurately recording financial transactions and summarizing them in concise financial statements.

Objectives of the Accounting for Non-Accounting Managers Program:

Defining the concept of accounting and navigating through the accounting cycle.
Identifying and applying the fundamental rules and principles outlined in the International Financial Reporting Standards (IFRS).
Demonstrating proficiency in the basic accounting equation, double-entry bookkeeping, and the utilization of modern automated accounting systems.
Familiarizing oneself with the key financial statements and their integral components, including the balance sheet, income statement, changes in shareholders' equity, and cash flow statement.
Practicing financial statement adjustments at both monthly and yearly intervals.
Course Outline for Accounting for Non-Accounting Managers:

Day 1: Introduction to Accounting and Financial Statements

Definition and significance of accounting within business operations.
Understanding the diverse users of accounting information.
Overview of essential financial statements.
Examination of the corporate structure and its implications on accounting information presentation.
Introduction to International Financial Reporting Standards (IFRS) and its applicability.
Day 2: Double-Entry Accounting

Unveiling the accounting equation and its pivotal role.
Traditional double-entry bookkeeping principles.
Understanding the reciprocal nature of assets and liabilities.
Chart of accounts organization and management.
Practical application of general journal, general ledger, and trial balance.
Evolution towards modern automated transaction recording.
Comprehensive exploration of income statements and their components.
Day 3: Net Equity

Defining capital stock and its implications.
Clarification on dividends as distinct from expenses.
Varieties of dividends: cash, stock, and stock split.
Understanding treasury stock and its significance.
Delving into retained earnings and its distinction from cash.
Analysis of the balance sheet and its intricate components.
Day 4: Cash Flow Statement

Definition and importance of the statement of cash flows.
Categorization of cash and cash equivalents.
Classification of cash flows into operating, investing, and financing activities.
Practical illustration of the cash flow statement.
Day 5: Adjustments to Financial Statements

Embracing the accrual concepts in financial reporting.
Handling accruals, prepayments, depreciation, bad debts, and provisions for contingencies with precision.
By the culmination of this program, participants will emerge equipped with a robust foundation in accounting principles, poised to apply their newfound knowledge in practical scenarios within the business landscape with confidence and acumen.