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Length:           6 classes

Effort:             1-2 hours per week

Level:              Beginner

Language:     English, Dutch or

                          Papiamento *

Exam:             3 Assignments

​Credits:          1.5 EC's

Fee:                 AFl.   625.=



* Course language determined by audience's


Course Outline

The course introduces participants to the fundamentals of accounting and finance.

Key accounting aspects are discussed, such as the role of ethics and accounting principles. Participants will furthermore explore the process of analyzing business transactions and the preparation of elemental financial statements. Participants are also introduced to financial analysis, forecasting and budgeting.

Course Objectives

By the end of the course, participants will be able to:

  • Explain the purpose and importance of accounting
  • Explain generally accepted accounting principles and define and apply several of these principles
  • Analyze business transactions using the accounting equation
  • Identify and prepare basic financial statements and explain how they interrelate
  • Perform financial statement analysis using financial ratios
  • Design and use basic financial forecasting models in Excel
  • Identify and prepare the building blocks of a master budget 

Target Audience

Managers, supervisors and staff from any function, entrepreneurs and anyone interested in accounting & finance.

Key Topics

The key topics covered in the course are:

  • The role of accounting in business
  • Fundamentals of accounting: ethics and accounting principles
  • Transaction analysis and the accounting equation
  • Inventoriable costs versus period expenses
  • Single-entry versus double-entry bookkeeping
  • The accounting equation
  • Preparing financial statements
  • Financial statement analysis using financial ratios
  • Use of financial statements and other information in forecasting
  • Financial forecasting using Microsoft Excel
  • Different approaches to the budgeting process
  • Master budget components
  • Steps in preparing budgets


Participants need to complete three assignments successfully.

Participants should furthermore attend at least 5 out of the 6 classes.

A Certificate of Completion is awarded if the course is successfully fulfilled. Participants also receive an official transcript for their grades and course credits.

Course Fee in Aruban Florins

Per participant: AFl. 625.=, including turnover taxes

Includes: course material, handouts, snacks, coffee and refreshments.

Location and Dates

Location: EC&T Office & Training Facility (Newtonstraat 1-A)

Next class starts on: Monday September 14, 2020

Number of classes: 6

Time: 6:30 PM - 9:00 PM

We reserve the right to alter dates, content, venue and trainer.

Discount Plans and Cancellation Policies

We offer discount plans for group bookings and in-house course and workshop facilitation. Click here for details about our discount plans and cancellation policies.

Register Online or Download Course Registration Form:

Call now to find out how we can help you succeed: +297.5885975
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