An Interactive 5-Day Training Course
Understanding Double Entry to Trial Balance – Part 1
The Essentials to Financial Statements
Course Overview
Accounting is an integral part of all organisations. Producing financial reports are the fundamental of accounting and starts with the humble double entry system. These are transaction that forms the foundation of management accounts of the organisation. The key element of the training course is the focus on practical application of how double entry and other elements like the trial balance are used to create the management accounts and how these are adapted by directors to make decisions and further financial statements for the organisation.
This GLOMACS training course on Understanding Double Entry to Trial Balance - Part 1 aims to provide a clear insight into the process of gather transactions in its most raw form and processing them into accounting records to produce the financial statements that would provide key information for the various stakeholders of the organisation.
This "Understanding Double Entry to Trial Balance - Part 1" training course will highlight:
- Identifying the sources of a business transactions
- Understanding the elements of accounting and the impact of transactions
- Processing of transaction to their ledgers and their effects
- Understanding the balances of ledger and statement of account
- Extracting a trial balance and its further use in preparing Financial Statements
Training Objectives
At the end of this "Understanding Double Entry to Trial Balance - Part 1" training course, you will learn to:
- Understanding the impact of transaction on the elements of accounting
- Learn how to Process transactions to their ledgers
- Analysing Accounts balance and statement of accounts
- Understanding the Credit system that businesses operates
- Extracting a Trial Balance from the respective ledgers
Who should Attend?
This "Understanding Double Entry to Trial Balance - Part 1" training course is suitable to a wide range of professionals but will greatly benefit:
- Accounts Payable, Receivable and General Ledger Staff
- Accounts Manager
- Procurement and Inventory Manager
- General Manager
- Non Accounting Executives
- Human resources Personnel
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
DAY 1: Introduction to the Accounting systems and Elements of Accounting
- Types of Accounting and their differences
- The roles of the Accounting Departments
- Discussion of the Elements of Accounting
- Introduction of the Financial Statements
- Transactions and their impact
- Systems of Accounting and their effects
DAY 2: Processing Transactions to Ledgers
- Ledgers and Statement of Accounts
- Identifying Elements of Accounting from Transactions
- Effects of the Transactions
- Double Entry accounting systems
- Capital and Revenue Expenditure
- Recording transactions to their respective ledger
DAY 3: Processing Transactions to Ledgers Continued..
- Injection of Capital by the Owner (s)
- Purchase of Inventory
- Purchase of Non-Current assets
- Sale of Inventory
- Purchase and Sale on Credit introduction
- Payment of Expenses
- Drawings by the Owners
- Refunds
DAY 4: Extracting and Interpreting the Trial Balance
- Balancing a ledger
- Conversion of Ledger to Statement of Account
- Group Exercise with a real-life example
- Extracting the Trial Balance from Example
- Errors with the Trial Balance
- Trail Balance to Financial Statements
DAY 5: Books of Prime Entries and Accounting for the Credit Systems
- Credit Risk Due Diligence for customers
- Granting Credit
- Books of Prime Entries and their effect
- Control Accounts
- Receivables and Payables Ledgers
- Posting Transactions from the Books of Prime Entry
- Reconciliation of Ledgers to Control Accounts
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
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