Fundamentals of Bookkeeping and Financial Management

Course Overview

 Master the essential skills of bookkeeping with this comprehensive program designed to equip you with the foundational knowledge to manage financial records effectively. Whether you’re an aspiring accountant, a business owner, or someone looking to enhance your financial skills, this course offers a step-by-step guide to understanding and maintaining accurate financial records. From basic accounting principles to managing ledgers and preparing financial statements, this program ensures that you gain practical knowledge to handle real-world financial challenges confidently.

Course Objectives

 By the end of the course, participants will be able to:

• Understand the fundamental principles of bookkeeping and accounting.
• Accurately manage financial records, including balance sheets and income statements.
• Apply double-entry bookkeeping techniques and manage general ledgers.
• Reconcile bank statements and manage accounts payable/receivable.
• Utilize bookkeeping software for effective financial management.
• Prepare financial reports to support business decision-making.

Course Outline

 The Fundamentals of Bookkeeping and Financial Management course covers the following modules:

• Module 1: Introduction to Bookkeeping and Accounting Principles
• Understanding the role of bookkeeping in business
• Key accounting terms and concepts
• Module 2: Double-Entry Bookkeeping
• Explanation of debits and credits
• Managing ledgers and trial balances
• Module 3: Financial Statements Preparation
• How to prepare income statements, balance sheets, and cash flow statements
• Understanding profit and loss
• Module 4: Bank Reconciliation
• Techniques for reconciling bank statements
• Handling discrepancies and ensuring accuracy
• Module 5: Managing Accounts Payable and Receivable
• Best practices for tracking income and expenses
• Effective management of invoices and payments
• Module 6: Using Bookkeeping Software
• Overview of popular bookkeeping tools
• Automating financial tasks with software
• Module 7: Financial Reporting and Analysis
• How to interpret financial data to make informed decisions
• The role of bookkeeping in strategic financial planning

Target Group

 This course is ideal for:

• Small business owners looking to handle their own finances.
• Administrative staff responsible for financial record-keeping.
• Entrepreneurs seeking to improve their financial literacy.
• Individuals interested in pursuing a career in accounting or finance.
• Anyone looking to understand bookkeeping basics for personal or professional use.

Program Cost

 The Fundamentals of Bookkeeping and Financial Management program is available in two formats:

• 5-day course: €3700
• 10-day course: €6500
  

This program is available throughout the year on different dates, allowing flexibility to fit your schedule. The Geneva Institute of Business Management offers customizable training sessions across Europe.

Organizers

The Geneva Institute of Business Management organizes the Fundamentals of Bookkeeping and Financial Management course in collaboration with leading European partners.