Accounting for Non-Accountants I

Wednesday - Friday
9:00 am - 5:00 pm

This course is designed for individuals without an accounting background but who need to understand and appreciate how business transactions are recorded, summarized, and interpreted for commercial decision-making purposes. Through a series of exercises, participants get a hands-on experience on the practical application of theories and concepts in the “accounting cycle,” from event/transaction recognition to financial statement preparation, review, and appreciation.

After the course, you will:
1.    Gain an insight on the fundamental principles and concepts underlying resource valuation and income determination in business;
2.    Explain the accounting process, structure accounting entries, and recognize basic lapses in transaction recording and financial reporting;
3.    Appreciate the contents, purpose, usage, and limitations of financial statements, i.e. balance sheet, income statement, and cash flow statement  for decision-making purposes; and
4.    Install basic internal controls to safeguard assets and maintain the integrity of the accounting and financial reporting processes.

• Entrepreneurs
• Business owners and decision-makers
• Other professionals tasked to perform accounting or bookkeeping functions but do not currently possess the required training and/or skill for the job

This course, which includes lectures, interactive discussions, and practical applications, covers the following topics:

• Legal forms of business organizations
• Conceptual framework of accounting
• Generally Accepted Accounting Principles (GAAP)
• Double-entry bookkeeping in transaction processing
• The accounting cycle/process
• Financial statement preparation, understanding and appreciation
• Basic internal controls

is the Director for Credit Programs at the Ateneo-BAP Institute of Banking, the Program Director for Finance at the Ateneo Center for Continuing Education, and a professor of Finance at the Ateneo Graduate School of Business.

"The course enables non-accountants to have a more in-depth appreciation of the business cycle." - Jericho P. Castro Asst. Manager, Seafreight, Transglobal Consolidators

"I had an excellent learning experience of the theoretical aspects backed up by practical exercises and real-world examples related by the facilitator." - Jose Miguel S. Manalo Practicing lawyer - Manalo Puno Law

"Ang galing ni Sir Larry. He knows the topic very well. I learned a lot." - Rowena Claveria Systems Analyst, The Medical City

"The exercises were a big help in learning the concepts. Sir Larry is a very engaging resource person. We learned a lot but had fun at the same time." - Maria Athena N. Masangkay Vice-President for Administration, Hooven Philippines, Inc.

"Our Prof made the difference. My long term dislike for accounting was dissolved by his witty and interesting approach to the subject." - Jennifer Gayle P. Singian Senior Manager, Financial Markets Group, Bank of the Philippine Islands