Training Proposal Package: Basic Accounting with Hands-On Experience

1. Introduction

This training proposal outlines a comprehensive two-week program designed to provide

participants with a strong foundation in basic accounting principles and, crucially, significant hands-
on experience in applying these concepts. Recognizing that practical application is key to effective
learning and retention, this program emphasizes active participation through real-world scenarios,
simulated exercises, and potentially the use of basic accounting software. The goal is to equip
participants with the theoretical knowledge and the practical skills necessary to understand, record,
and interpret fundamental financial information.

2. Training Objectives

Upon completion of this two-week training program, participants will be able to:

 Understand the fundamental concepts of accounting: Define accounting, its purpose, and
its role in business.
 Identify and classify basic financial elements: Recognize assets, liabilities, equity, revenues,
and expenses.
 Comprehend the basic accounting equation: Understand the relationship between assets,
liabilities, and equity.
 Master the principles of double-entry bookkeeping: Understand the debit and credit
system and its practical application.
 Record a variety of basic business transactions accurately: Apply the rules of debit and
credit to journalize common business transactions with hands-on practice.
 Understand the purpose and components of key financial statements: Identify and
describe the balance sheet, income statement, and cash flow statement.
 Prepare basic financial statements from recorded transactions: Learn the step-by-step
process of preparing a simple balance sheet and income statement using the data they have
recorded.
 Understand basic accounting terminology in a practical context: Familiarize themselves
with common accounting terms through active use.
 Appreciate the importance of ethical considerations in accounting through practical
examples: Recognize the significance of integrity and accuracy in financial reporting.
 Apply basic accounting knowledge to analyze and interpret simple real-world scenarios:
Make informed observations based on the financial data they have worked with.
 Gain introductory experience with basic accounting software (optional, depending on
resources): Navigate and utilize fundamental features for recording and reporting.
3. Target Audience

This training program is ideal for individuals who:

 Grade 12 students that require hands-on understanding of financial processes.

4. Training Methodology

This program will heavily emphasize experiential learning through:

Training Methodology Description

Interactive Lectures Concise explanations of accounting concepts
followed immediately by practical application.

Hands-On Exercises Individual and group exercises simulating real-

world business transactions.
Case Studies with Transaction Recording: Analyzing business scenarios and recording the
financial impact.
Role-Playing Simulating the flow of financial documents and
record-keeping processes.
Simulated Accounting Cycles Participants will work through a complete basic
accounting cycle for a fictional business.
Potential Use of Basic Accounting Software Hands-on practice with data entry, generating
(Optional) basic reports, and navigating the software.
Group Discussions and Peer Learning Sharing experiences and problem-solving
collaboratively.
Regular Practical Assessments Evaluating the ability to apply learned concepts
in practical scenarios.
 5. Training Content and Schedule

Duration: 2 weeks

Day Topic Activities

Day 1 Introduction to Defining accounting, its importance, different branches of
Accounting: Purpose accounting, users of financial information, the accounting
and Users profession.
Group discussion on why accounting is important in different
scenarios. Introduction to a fictional small business that will be
used for exercises.
Day 2 Basic Accounting Business entity concept, going concern, monetary unit assumption,
Concepts and time period assumption, cost principle, matching principle,
Principles revenue recognition principle.
Identifying examples of each principle in the context of the
fictional business. Matching exercises and scenario analysis.
Day 3 The Basic Accounting Definition and classification of assets (current, non-current,
Equation: Assets tangible, intangible), examples and identification.
Classifying various items as assets (current/non-current) for the
fictional business. Practice exercises in calculating the accounting
equation after asset transactions.
Day 4 The Basic Accounting Definition and classification of liabilities (current, non-current),
Equation: Liabilities examples and identification.
Classifying various obligations as liabilities (current/non-current)
for the fictional business. Practice exercises in calculating the
accounting equation after liability transactions.
Day 5 The Basic Accounting Definition of owner's equity/shareholders' equity, components,
Equation: Equity impact of owner's transactions.
Understanding how owner's contributions and withdrawals affect
equity in the fictional business. Practice exercises involving all
three elements.
Week 1: Foundations and the Accounting Cycle - Hands-On Focus

Day 6 Introduction to Double- Learning the rules of debit and credit through interactive
Entry Bookkeeping exercises. Identifying the debit and credit accounts affected by
 different transaction types for the fictional business.
Day 7 Recording Business Analyzing source documents (simulated invoices, receipts) and
Transactions: recording various transactions (cash receipts, cash payments)
Journalizing (Software) in the accounting software using the journal entry function.
Day 8 Recording Business Recording more complex transactions (purchases and sales on
Transactions: credit, expense payments) in the accounting software.
Journalizing (Software Understanding the automated debit/credit balancing.
Cont.)
Day 9 Generating Basic
Generating and interpreting the trial balance from the
Reports: Trial Balanceaccounting software. Understanding how the recorded
and Income Statement transactions flow into the income statement generated by the
software.
Day 10 Generating Basic Understanding how the recorded transactions flow into the
Reports: Balance Sheet balance sheet generated by the software. Analyzing the basic
and Review financial statements. Comprehensive review of all topics and
software functionalities. Final Q&A.
Week 2: Recording Transactions and Preparing Basic Statements - Practical Application

6. Training Materials:

 Comprehensive training manual with clear explanations, examples, and step-by-step guides
for exercises and software usage.
 Workbooks with numerous hands-on exercises and practice sets.
 Simulated source documents (invoices, receipts, etc.).
 Chart of accounts for the fictional business used in exercises.
 Step-by-step guides and tutorials for using the basic accounting software.
 Access to the basic accounting software for the duration of the training.
 Certificate of completion upon successful participation and completion of practical
exercises.

7. Trainers:

 Torres Tech Trainers and Experts

8. Logistics and Venue

 Dates: TBA (Two Weeks)

 Time: 6:30 – 3:30 (Daily)
 Venue: Torres Technology Center Corp. – CLD Department
  Equipment: Projector, whiteboard/flip chart, markers, individual workspaces for
participants, computers with necessary software (if applicable), calculators.

9. Budget

 Training Materials (including workbooks and simulated documents):

 Cost per Participant:

10. Evaluation and Assessment

Participant learning and program effectiveness will be assessed through:

 Active Observation of Participation: Assessing engagement and application during hands-on

exercises and software use.
 Review of Completed Exercises and Practice Sets: Evaluating the accuracy of recorded
transactions and prepared statements in the software.
 Practical Skills Demonstrations: Assessing the ability to navigate and utilize the accounting
software effectively.
 Short Quizzes: To reinforce understanding of key concepts.
 Final Comprehensive Practice Set (using the software): Evaluating the ability to complete a
full basic accounting cycle independently using the software.
 Feedback Forms: Participants will be asked to provide feedback on the training content,
delivery, and the effectiveness of the hands-on and software-based approach.

11. Expected Outcomes and Benefits

Upon completion of this ten-day hands-on training, participants will:

 Develop a strong practical understanding of basic accounting principles.

 Gain confidence in their ability to record and process financial transactions accurately using
accounting software.
 Be able to generate and interpret basic financial statements directly from the software.
 Improve their efficiency and accuracy in managing financial data.
 Gain valuable practical experience with a basic accounting software, making them more
prepared for real-world accounting tasks.
 Be better equipped to contribute to financial record-keeping and reporting within their
organizations.
 Possess a solid foundation for further studies in accounting or related fields, with practical
software experience.

12. Call to Action

We are confident that this Basic Accounting with Hands-On Software Experience training program
offers a highly effective and engaging learning opportunity for your participants. The integration of
practical exercises and accounting software will provide them with valuable, real-world skills. We
invite you to discuss this proposal further and explore how we can tailor the program and software
to best meet your specific needs and resources.

Please contact TORRES TECHNOLOGY CENTER CORPORATION at ____ to schedule a discussion and
move forward with this valuable training initiative.