Training on Financial Accounting Fundamentals
Master financial accounting fundamentals. Learn to record, analyze, and interpret financial transactions to make informed business decisions
Next intake
20 Jul 2026 · Nakuru
Duration
5 days
Live instruction
Delivery
Physical + Virtual
Cohort based
Level
Intermediate
Working professionals
Certification
NITA reimbursable
For Kenyan cohorts
Language
English
All materials
About this programme
Financial accounting is the backbone of any organization, providing crucial insights into financial health and enabling effective decision-making. This course equips participants with essential accounting principles and practices, ensuring they can understand, analyze, and apply financial information in a professional setting. Participants will gain practical skills to manage financial records accurately, leading to enhanced performance in their roles and contributing to the organization's overall success.The course covers key concepts, principles, and practices of financial accounting, including the preparation and analysis of financial statements. Participants will engage in hands-on exercises and case studies to reinforce learning and develop the ability to apply accounting knowledge in real-world scenarios.
Course Duration
5 Days
Who Should Attend
- Junior accountants and financial analysts
- Business owners and entrepreneurs
- Non-financial managers and professionals seeking to understand financial accounting
- Students and recent graduates entering the accounting profession
- Anyone interested in gaining a fundamental understanding of financial accounting
What you'll walk away with
By the end of this course, participants will:
- Understand the basic principles and concepts of financial accounting.
- Prepare and interpret financial statements, including the balance sheet, income statement, and cash flow statement.
- Apply accounting standards and practices to record and report financial transactions.
- Analyze financial statements to assess an organization's financial health and performance.
- Communicate financial information effectively to stakeholders.
What we cover, module by module
Module 1: Introduction to Financial Accounting
- Overview of financial accounting
- Accounting principles and concepts
- The accounting cycle
- Double-entry bookkeeping system
- Case Study: Impact of poor bookkeeping on business decision-making
- Practical: Recording basic transactions using double-entry system
Module 2: Financial Statements Preparation
- Introduction to financial statements
- Preparing the balance sheet
- Preparing the income statement
- Preparing the cash flow statement
- Case Study: Financial statements errors leading to misleading reporting
- Practical: Preparing full set of financial statements from trial data
Module 3: Recording Financial Transactions
- Journal entries and ledgers
- Adjusting entries
- Closing entries
- Case Study: Detecting errors in transaction recording and corrections
- Practical: Preparing journal entries, ledger posting, and adjustments
Module 4: Accounting Standards and Practices
- Introduction to IFRS/GAAP
- Revenue recognition principles
- Expense recognition principles
- Asset and liability valuation
- Case Study: Misapplication of accounting standards in financial reporting
- Practical: Applying IFRS principles to sample transactions
Module 5: Financial Statement Analysis and Communication
- Ratio analysis and financial metrics
- Trend analysis
- Communicating financial information
- Case Study: Using financial analysis to guide business turnaround decisions
- Practical: Conducting ratio and trend analysis with interpretation report
Where the change lands
Organizational Impact
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Improves strategic decision-making and operational efficiency through financial literacy.
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Enables better resource allocation, boosting profitability and reducing waste.
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Fosters a culture of financial awareness, enhancing competitiveness and long-term goals.
Personal Impact
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Provides essential skills for careers in management, operations, and strategy.
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Supports career progression into leadership and decision-making roles.
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Equips participants to drive organizational growth and profitability.
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Builds confidence to lead and champion sound financial strategies.
Dates and locations
Upcoming intakes
Every intake is limited to a small cohort. Booking closes when a date fills or three weeks before the start, whichever comes first.
| City | Starts | Ends | Delivery | Book |
|---|---|---|---|---|
NakuruNext | 20 Jul 2026 | 24 Jul 2026 | In-Person | Book |
Kigali | 20 Jul 2026 | 24 Jul 2026 | In-Person | Book |
Accra | 20 Jul 2026 | 24 Jul 2026 | In-Person | Book |
Kisumu | 27 Jul 2026 | 31 Jul 2026 | In-Person | Book |
Johannesburg | 27 Jul 2026 | 31 Jul 2026 | In-Person | Book |
Dakar | 27 Jul 2026 | 31 Jul 2026 | In-Person | Book |
- NakuruNext
20 Jul → 24 Jul·In-Person
Book this intake - Kigali
20 Jul → 24 Jul·In-Person
Book this intake - Accra
20 Jul → 24 Jul·In-Person
Book this intake - Kisumu
27 Jul → 31 Jul·In-Person
Book this intake - Johannesburg
27 Jul → 31 Jul·In-Person
Book this intake - Dakar
27 Jul → 31 Jul·In-Person
Book this intake
Common questions.
Still not sure? Send us a note and a facilitator will get back to you within a business day.
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Course finder
Find the right course for you
Prefer to talk it through? Send us an enquiry and a facilitator will scope a fit within a business day.
For corporate teams
Training 10+ professionals?
We deliver Training on Financial Accounting Fundamentals in-house at your offices, at a venue we arrange, or fully virtual. Customise the curriculum against your KPIs, and get a bespoke price for the cohort size you need.