Introduction
Understanding basic accounting concepts is a must for every small business owner.
Even if you have an accountant that takes care of that “accounting stuff”, you need to know accounting basics such as debits and credits and some accounting terminology.
Accounting is setting up a system of recording and summarizing financial transactions in such a way that they can later be analyzed or used to communicate with others.
This explanation of accounting basics will introduce you to some basic accounting principles and accounting concepts
Objectives:
Identify the significance of accounting in operating the business.
Gain basic accounting knowledge and skills needed to better support management.
fairly recognize and arrange account classifications inside the accounting framework in the organisation.
precisely account for transaction influencing resources, liabilities and values.
rightly account for transaction affecting incomes and expenses.
successfully plan statement of salary and balance reports.
proceed hands-on bank reconciliation, account analysis, and General Ledger (GL) to sub-record reconciliation.
Course Outline
Day 1
Introduction to CMMS Data Build
– Common problems with data builds.
– Scope of CMMS Data & Process.
– CMMS version Upgrades and Critical Reviews.
– Which is the best tool MS Excel or MS Access?
– Features of MS Access.
– Introduction to MS Access tables, queries, reports.
Day 2
Maintenance & Spares Coding
– Approaches to criticality for Equipment & Spares.
– Equipment class.
– Failure classes.
– Shutdown codes.
– WO Priority codes.
– Building the failure coding structure.
– Exercise Failure Code Structure.
Day 3
Building the Asset Register
– The build processes.
– Develop Guides & Standards.
– Naming & Numbering conventions.
– Maintainable Groups.
– Conducting quality checks.
– Equipment attributes.
– Exercise building equipment register.
Day 4
Building the Spares Database
– Develop Guides & Standards.
– Naming & Numbering conventions.
– Conducting data quality checks.
– Determining inventory levels.
– Exercise building spares register.
Day 5
Building the PM Data
– Introduction including definitions.
– Maximo versus SAP – common terminology.
– Developing generic strategy guides including those based on FMEA concepts.
– Writing effective tasks good practices.
– Job Plan formats.
– Routes and Linking PMs to Tags.
– Quality checks.
– Exercise.
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