Accounting Level 2

0/0 Ratings

CIS branches across Lebanon and online

$ Price $550.00

Delivery type On-Campus or Online

Capacity Unlimited

Level All levels

Duration 40 Hours

Lessons 15

Enroll WhatsApp Us

Overview

Accounting Level 2 builds on foundational accounting knowledge and moves into cost accounting and advanced financial topics. Over 40 hours, you will learn how businesses record and control the cost of materials, wages, and overheads, how they set the price of products and services, and how they measure profitability and the break even point for a product or activity.

The course also covers plant assets, depreciation, inventory, portfolio bills, partnerships, and corporations, giving you a complete picture of how a company’s finances are structured and managed at an intermediate to advanced level.

What You Will Learn

Account for plant asset expenditures and distinguish capital expenditure from revenue expenditure
Apply depreciation methods including straight line, units of activity, and declining balance
Record the disposal of plant assets through retirement, sale, or exchange
Close and adjust inventory accounts and value closing stock accurately
Manage portfolio bills, security placements, and blocked securities
Value disposed portfolio bills using the weighted average and FIFO methods
Adjust prepaid expenses and revenues and post reversal entries for a new financial period
Work with current liabilities, long term liabilities, partnerships, corporations, and investment basics

Course Curriculum

Module	What you cover	Hours
Module 1: Accounting for Plant Asset Expenditures	Plant assets (property, plant, and equipment) and the difference between capital and revenue expenditure	1
Module 2: Depreciation Methods	Straight line, units of activity, and declining balance depreciation	3
Module 3: Disposal of Plant Assets	Retirement, sale, and exchange of plant assets	4
Module 4: Inventory	Closing opening inventory, proving closing stock, and stock related adjustments	3
Module 5: Portfolio Bills	Kinds of portfolio bills, provisioning, and blocked securities	4
Module 6: Disposal of Portfolio Bills	Valuing sold deeds using weighted average and FIFO	4
Module 7: Adjustments of Revenues and Expenses	Prepaid expenses, prepaid revenues, and reversal entries for the next period	4
Module 8: Current Liabilities	Definition, types, and the current ratio	1
Module 9: Accounting for Partnership	Nature of partnership, the partnership deed, and partner capital accounts	1
Module 10: Corporations	Operating and liquidating a corporation, and how it differs from other business structures	1
Module 11: Long Term Liabilities	Definition, examples, and uses	1
Module 12: Investment	Investment basics and the types of investments available	1
Module 13: Distribution of Indirect Charges	Allocating indirect charges among analysis centers	4
Module 14: The Full Cost and the Analytical Result	Calculating full cost price and the analytical result	4
Module 15: The Break Even Point and Costing Method	Break even analysis and costing methods	4

Who This Course Is For

This course is for students and professionals who already have foundational accounting knowledge and want to advance into cost accounting, asset management, and company level financial topics.

Target audiences

Accounting professionals looking to advance their skills
Students who completed Accounting Level 1 or an equivalent course
Business owners who want a deeper understanding of company finances

Requirements

Basic knowledge of accounting fundamentals
Familiarity with financial statements is recommended