Accounting Structure, Nature and Classification of Transaction

This DIXONTECH course equips professionals with a solid foundation in accounting structure, the nature of financial transactions, and their systematic classification. It bridges conceptual understanding with real-world accounting practices, enabling participants to record, classify, and interpret financial information accurately. The training ensures mastery of double-entry principles, transaction categorization, and the alignment of accounting data with organizational reporting systems.

TRAINING TOPICS

• Structure and components of accounting systems
• Nature and classification of financial transactions
• Double-entry and chart of accounts principles
• Recording, posting, and balancing ledgers
• Adjusting entries and trial balance preparation
• Link between transactions and financial statements

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO:

• Understand and apply core accounting structure principles effectively.
• Identify and classify accounting transactions accurately
• Apply double-entry and posting techniques
• Interpret the nature and flow of financial data
• Prepare trial balances and basic statements
• Maintain accurate accounting records

• Understand account types and chart design
• Link entries to performance analysis

TRAINING IS TAILORED TO

Professionals seeking a solid foundation in accounting structure and classification.

• Junior and Assistant Accountants
• Accounting Technicians and Clerks
• Finance and Administrative Officers
• Business Owners and Entrepreneurs
• Internal Auditors and Data Entry Staff
• New Graduates entering finance roles
• Non-financial professionals managing records

TRAINING METHODOLOGY

The DIXONTECH approach combines interactive learning, exercises, and simulations. Participants analyze sample transactions, practice journal entries, and work through case-based accounting cycles. Emphasis is placed on hands-on understanding of the accounting process — from transaction identification to classification and reporting.

DAY 1

UNDERSTANDING ACCOUNTING STRUCTURE AND FRAMEWORK

• Purpose and role of accounting systems
• Key components of the accounting framework
• Understanding financial statements and users
• Conceptual framework and principles overview
• Chart of accounts structure and hierarchy
• Distinction between financial and managerial data
• How accounting supports organizational strategy

DAY 2

NATURE OF FINANCIAL TRANSACTIONS

• Types of transactions: business vs. non-business
• Cash and credit transaction distinctions
• Identifying events that affect financial position
• Revenue, expense, asset, and liability concepts
• Real, personal, and nominal account classification
• Timing and recognition of transactions
• Practical exercises on transaction analysis

DAY 3

DOUBLE-ENTRY SYSTEM AND RECORDING PROCESS

• Principles of debit and credit application
• Structure of journal entries and ledgers
• Posting entries into the general ledger
• Recording compound and adjusting entries
• Cross-referencing and balancing accounts
• Subsidiary books and control accounts
• Workshop: journalizing real company cases

DAY 4

TRIAL BALANCE, ADJUSTMENTS, AND ERROR DETECTION

• Objectives and preparation of trial balance
• Types of accounting errors and rectification
• Adjusting entries for accruals and prepayments
• Depreciation and closing entries
• Suspense accounts and correction procedures
• Interpreting trial balance results
• Case practice: building a complete trial balance

DAY 5

CLASSIFICATION, SUMMARIZATION, AND FINANCIAL REPORTING LINKAGE

• Understanding the classification process in accounting
• Grouping transactions for financial statement preparation
• Relationship between ledgers, trial balance, and reports
• Preparing summaries for management reporting
• Importance of accounting accuracy in decision-making
• Integrating classifications into ERP systems
• Final workshop: from transactions to statements