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Accounting System and Closing Entries

An accounting system is used to record and store a company's financial and managerial information from its transactions so that it can retrieve and report the information. Accounting for the results of your business activities requires keeping your records in an organized and consistent fashion. While businesses differ tremendously, the basics of accounting critical to running any business remain the same.

Who should attend?

Accounting Manager, Chief of Accountant, Accountant, Trainer, or someone who works related to accounting tasks.

What you will benefit?

After completion of this course, the participants will be able to:

• Realize the framework of accounting system
• Classify the different types of business transactions in journal entries effectively
• Know how to entry business transaction
• Prepare the closing entries accurately
• Gain Lesson learnt from bank experiences of closing entries

Course Contents

1. The essential framework of accounting system
• Sources of Data Collection
• Practicing data inputs in accounting system
• Monitoring and Verification
2. The types of business transaction
• Daily transaction
• Monthly transaction
• Yearly transaction
3. How to entry business transaction
4. Preparation of closing entries
• Cash balance
• Loan and deposits
• Prepaid and accrued expense
• Stock usage
• Petty cash
• General expenses
• Fee Credit Bureau Cambodia
• Sharing Fee
• Tax expenses
5. Lesson Learnt from ACLEDA Bank experiences
• Question and answer on the practical experiences of ACLEDA Bank Plc.

Training Fee

• USD 111 per participant per training course.
• USD 104 per participant for organization sending 3-5 participants to the course.
• USD 98 per participant for organization sending 6 participants up to the course.

This fee includes training materials, refreshments, lunch and certificate.

Payment Condition: There is no charge for any cancellation which is made by the deadline of the registration. Cancellation after deadline of the registration and participants appearing without proper cancellation will be charged the full amount.

Methodology

The training methodology will be focused on experience based and participatory approaches including brainstorming, group discussion with presentation, group work, sharing hand-on experience, training game, and participants' problem raised during training workshop.

Trainer

Mr. Hang Sophalline, Senior Faculty of ACLEDA INSTITUTE OF BUSINESS

Born on 1979, he obtained a Master's Degree of Business Administration (MBA) major in Management from National University of Management, Cambodia in 2006. He also graduated with a Bachelor Degree of Accounting (BBA) at National Institute of Management in 2001. He has attended numerous short courses on finance and banking, training of trainer, management and leadership which were organized by ACLEDA Bank Plc. since 2001. He started working for ACLEDA Bank Plc. as a credit officer in 2001 and was promoted as Assistant Vice President and Manager of Accountant branch in 2002.Then he moved to work at Headquarter as an Assistant Vice President and Manager of Budgeting and Control Unit at Finance Division, ACLEDA Bank Plc. in 2011. He has been assigned as member of the ACLEDA bank's trainer team and delivered many training courses on budget and controlling, evaluation performance ratio, budget plan preparation process in excel, since 2011. He currently holds a position as a Senior Faculty, specialized in finance and accounting at ACLEDA INSTITUTE OF BUSINESS