Course Overview

Accounting is the universal language of business — and understanding it is no longer optional. Across every sector and industry, the ability to interpret financial information is a critical skill for sound decision-making and sustainable growth. Yet for many professionals, accounting concepts can feel overwhelming or out of reach.

The Accounting Basics Training course by Transformentors Academy is built to change that. Over five intensive days, this course breaks down the fundamentals of accounting into clear, practical, and immediately applicable knowledge. Participants will gain a solid understanding of accounting’s role in business, learn to record transactions accurately, prepare financial statements, and evaluate performance through key financial ratios. With a strong blend of theory and real-world application, the course builds genuine confidence in working with numbers.

By the end of the programme, participants will be equipped to not just read and create financial reports, but to use them strategically — assessing business health, strengthening collaboration with finance teams, and driving more informed, confident decision-making.

Agenda

Day — 1 Introduction to Accounting Principles and Equations

• Establishing a clear definition of accounting and understanding why it matters to modern businesses
• Examining the broad spectrum of accounting activities and identifying who relies on accounting information
• Navigating the ethical foundations, guiding principles, and core assumptions that underpin accounting practice
• Unpacking the key types of accounting and the distinct role each plays:
  • Financial Accounting — communicating financial performance to external stakeholders
  • Managerial Accounting — equipping internal teams with data for planning and control
  • Cost Accounting — tracking and analysing costs to support operational efficiency
• Breaking down the fundamental components of the accounting equation:
  • Assets — what the business owns or controls
  • Liabilities — what the business owes to others
  • Owner’s Equity — the residual interest belonging to the owner
• Exploring how everyday business transactions shape and shift the accounting equation
• Hands-on Exercise: Applying concepts in practice by analysing how various business transactions impact the accounting equation

Day — 2 Recording Financial Transactions

• Gaining a solid understanding of debit and credit rules and how they govern the recording of business transactions
• Walking through the full transaction recording process, from initiation to documentation
• Defining the journal and demystifying the journalizing process — how transactions are formally entered into the books
• Exploring how ledgers are developed and mastering the step-by-step posting process that keeps accounts organised and accurate
• Learning the essential guidelines for preparing a well-structured trial balance across all accounts
• Examining the practical limitations and critical considerations to keep in mind when recording common business transactions
• Hands-on Exercise: Putting it all together by recording a real business transaction, then building a complete journal, ledger, and trial balance from the ground up

Day — 3 Accounting for the Income Statement

• Developing a clear understanding of the purpose behind the Income Statement and how it is structured to reflect business performance
• Unpacking revenue recognition principles and examining the critical role they play in accurate and transparent financial reporting
• Investigating various valuation methods used to calculate and record the cost of goods, and how each affects reported figures
• Exploring entry adjustment methods for accruals and deferrals, and why these adjustments are essential for period-accurate reporting
• Analysing the range of depreciation methods available and understanding how each influences a business’s profit figures and overall financial performance
• Identifying the key considerations and common challenges that arise when developing Income Statements in real-world scenarios
• Hands-on Exercise: Constructing a complete Income Statement from scratch, using a provided trial balance as the foundation

Day — 4 Accounting for the Balance Sheet 

• Developing a thorough understanding of the purpose and structure of the Balance Sheet as a snapshot of a business’s financial position
• Examining the different types of assets and how each is treated within the accounting framework:
  • Current and Non-Current Assets — distinguishing between short-term resources and long-term holdings
  • Tangible and Intangible Assets — understanding the accounting treatment for physical versus non-physical assets
• Applying clear guidelines for recognising and accurately recording accounts receivable and accounts payable in the books
• Exploring the appropriate accounting treatment for key working capital components, including inventory, cash, and prepaid expenses
• Discussing how equity, long-term liabilities, and owners’ investment are accounted for and presented on the Balance Sheet
• Identifying the key considerations and practical challenges that commonly arise when constructing Balance Sheets in real business settings
• Hands-on Exercise: Building a complete Balance Sheet from the ground up using a provided set of financial information

Day — 5 Accounting Analysis and Performance Measurements 

• Explaining the working capital cycle in depth and understanding why effective management of it is vital to maintaining business liquidity and operational continuity
• Gaining a clear understanding of the purpose of bank reconciliation and walking through the procedures involved in keeping records aligned with bank statements
• Diving into the key financial ratios used for thorough account analysis, including:
  • Profitability Ratios — measuring a business’s ability to generate earnings relative to its costs and resources
  • Gearing Ratios — assessing the degree to which a business is financed by debt versus equity
  • Investment Ratios — evaluating returns and value from an investor’s perspective
• Applying practical guidelines and key considerations for interpreting financial data accurately and drawing meaningful conclusions
• Hands-on Exercise: Putting analytical skills to the test by using financial ratios to assess the overall financial health and performance of a business
• Course Recap & Evaluation: Reflecting on key learnings across the programme and gathering feedback to measure the overall impact and effectiveness of the course

Post-Course

• Three (3) x hour-long Executive Coaching sessions at monthly intervals following Course Completion

Target Audience

• Senior Executives and C-level Leaders
• HR Directors and Organisational Development Managers
• Leadership Coaches and Mentors
• Change Management Specialists
• Managers and Department Heads
• Business Unit Leaders
• Talent Development and Leadership Development Professionals
• Employee Engagement and Culture Managers
• Strategic Planners and Decision Makers
• HR Business Partners
• Team Leaders and Supervisors involved in change initiatives
• Organisational Psychologists and Behavioural Experts
• Business Advisors

Learning Outcomes

By the end of this course, you will be able to implement a successful strategy that enables you to:

• Identify and understand key characteristics of great leadership.
• Develop behaviours and habits that build credibility and influence.
• Analyse and evaluate leadership styles using real-world benchmarks.
• Recognise core traits that enable effective leadership in complex environments.
• Cultivate and apply growth-oriented mindsets.
• Adapt leadership behaviours through cognitive flexibility.
• Implement strategies to maintain leadership stability.
• Recognise and manage personal leadership triggers.
• Use techniques to sustain focus and clarity under pressure.
• Strengthen key dimensions of executive presence: credibility, clarity, and composure.
• Ensure alignment between self-perception and external signals of leadership.
• Utilise verbal and non-verbal techniques to enhance leadership impact.