In this short article, we are going to explain what is AFNA and who are our AFNA lectures aimed at.
Accounting can be defined as “the information system that measures, processes and communicates financial information about a business”. It provides a vital service and it is important for every key person of a business to understand how accounting records are kept and to be able to interpret accounting reports.
Not all managers and key persons of a business have training in accounting. “Accounting for Non-Accountants (AfNA)” has been designed for all who occupy responsible positions in the business but lack accounting background.
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Accounting Course objectives
In general, the course seeks to enable participants with no accounting background to explain and apply the principles, basic tools, and techniques of the accounting process.
Specifically, at the end of the course, participants will be able to:
* Understand how financial transactions are recorded
* Understand how final accounts are produced
* Discuss and apply principles, concepts, methods and procedures of financial management and planning such as capital budgeting, cost-volume profit analysis, and working capital;
Read financial statements,and analyze and use them for decision-making.
The course is open to entrepreneurs, owner-managers of businesses, finance staff of SMEs and officers of private voluntary organizations with no accounting background but are involved directly or indirectly with financial management.