Training on Principles of Financial Accounting
Gain a competitive edge. This course covers the key principles of financial accounting to help you manage finances and drive business success.
Next intake
20 Jul 2026 · Nakuru
Duration
5 days
Live instruction
Delivery
Physical + Virtual
Cohort based
Level
Foundation
Working professionals
Certification
NITA reimbursable
For Kenyan cohorts
Language
English
All materials
About this programme
Financial accounting provides the foundation for recording, summarizing, and interpreting an organization’s financial activities. This five-day training introduces participants to the core concepts, principles, and practices of financial accounting in a simple and practical way.
Participants will learn how to record transactions, prepare journals and ledgers, construct trial balances, and develop financial statements such as the income statement, balance sheet, and cash flow statement. The course emphasizes practical application through exercises, examples, and case studies, ensuring participants can confidently apply financial accounting skills in real workplace scenarios.
Duration
5 Days
Who Should Attend
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Junior accountants and finance assistants
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Administrative and support staff handling financial data
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Non-finance managers and supervisors who require financial literacy
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Entrepreneurs and small business owners
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Professionals seeking to strengthen their understanding of accounting basics
What you'll walk away with
By the end of this training, participants will be able to:
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Understand the role and purpose of financial accounting.
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Apply the double-entry bookkeeping system to record transactions.
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Prepare journals, ledgers, and trial balances.
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Construct and interpret income statements, balance sheets, and cash flow statements.
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Understand budgeting, internal controls, and compliance basics.
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Apply accounting knowledge to workplace and business decision-making.
What we cover, module by module
Module 1: Introduction to Financial Accounting
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Importance and role of accounting in business
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Users of accounting information
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Basic accounting principles and concepts (accrual, matching, going concern, etc.)
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Case Study: How poor accounting practices led to business failure
Module 2: The Accounting Cycle & Recording Transactions
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Double-entry bookkeeping: debits and credits
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Journals and ledgers explained
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Preparing and balancing trial balances
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Practical Exercise: Recording daily business transactions
Module 3: Preparing Financial Statements
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Income Statement (Profit & Loss Account)
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Balance Sheet (Statement of Financial Position)
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Cash Flow Statement basics
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Case Study: Analyzing the financial statements of a small company
Module 4: Budgeting, Controls, and Compliance
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Introduction to budgeting and variance analysis
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Importance of internal controls in safeguarding assets
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Preventing fraud and ensuring compliance with accounting standards
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Exercise: Drafting a simple departmental budget
Module 5: Applying Accounting to Decision-Making
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Using financial information for management decisions
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Break-even analysis and cost control basics
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Linking financial accounting to strategic decision-making
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Case Study: Using financial data to decide on a business expansion
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Activity: Develop a mini financial report for a sample project
Where the change lands
Organizational Impact
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Greater accuracy in financial reporting and compliance
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Improved decision-making based on reliable financial information
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Reduced errors and mismanagement in financial processes
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Stronger financial literacy across departments
Individual Impact
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Confidence in handling and recording financial transactions
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Ability to prepare and interpret basic financial statements
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Enhanced financial literacy for professional and personal use
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Better readiness for career advancement in finance and administration
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 Principles of Financial Accounting 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.