General Accounting Principles

The Masterclass provides a solid foundation of accounting knowledge essential for daily operations and business growth. Participants gain crucial skills in accurately recording financial transactions, preparing financial statements and interpreting accounting data, enabling them to carry out their responsibilities accurately and effectively.

The Masterclass is useful for improving the financial understanding of staff, contributing to more efficient and informed financial management of the company. Furthermore, a well-trained accounting team generates a positive impact on the financial integrity and transparency of the organization, improving relationships with investors, creditors and other stakeholders.

Finally, this course promotes the professional development of employees, increasing their confidence and competence in their corporate role.

1. Introduction to Accounting Principles and Financial Statement Structure In this first part, participants will gain an understanding of the different perspectives of the financial statement. Common terms related to financial statements will be defined, and the connections between business activities and the accounting entries that represent them will be illustrated. The stages of preparing the financial statement and the fundamental role of corporate bodies will also be explained.
2. Principles of Accounting Entries Fundamental principles of accounting entries, with a focus on the double-entry bookkeeping method and the differentiation between nominal accounts and balance sheet accounts.
3. Accounting Entries and Financial Statement Composition In this module, participants will explore the Balance Sheet Format and the Income Statement Format, acquiring the knowledge necessary to analyze the various line items of the financial statement, including inventories, provisions for risks, and other balance sheet components.
4. Adjusting Entries and Financial Statement Closing The final module focuses on adjusting, accrual, and correction entries, exploring topics such as depreciation, provisions, and the management of closing and reopening entries.