Accounting

Duration: 6 weeks

Program Summary:

 

  • Introduction to Carrier in Accounting
  • Introduction to IFRS and US GAAP
  •  Introduction to Accounts Payable
    Complete life cycle of AP
    Introduction and detail explanation on month end reports generated by AP
  • Introduction to Accounts Receivables
    Complete life cycle of AR
    Training in creating a Purchase Order (PO), Work Orders (WO) and Customer invoicing.
  • Introduction to SAGE 50 Accounting software.
    Posting Entries of opening balances
    Creating Ledgers and assigning heads of Accounts
    Practice how to enter a Purchase order, work order and invoice
    Handling invoices and PO’s as real time scenario
  • Introduction to Accrual based Accounting system
    Training on Inter-company Balance reporting and reconciliations
    Concepts of Depreciation and how to prepare a Deprecation, Equipment and other loan Schedules .
    Month end inventory Audit and reporting.
  • AP and AR reconciliation (with real time case studies)
    Bank Accountant Reconciliation (BRS).
    Introduction to Payroll management with ADP.
  • Excel based Financial records
    Introduction to Excel based Financial records
    Complete training on Excel function like (V look up, H look up, Pivot Tables, financial consolidation, and mapping of data with Excel.
  • Introduction to SAGE 500 BV
    SAGE 500 BV ( Business Vision used by huge corporate organisations) and Quick books; and compare reporting of financial data using softwares.
    Practicing more case studies on reconciliations, Accruals, month end Adjustment entries
  • Prepare and present financial reports like Income statements and Balance sheets
    Analysis of Budgets, Accruals, Revenues and Expenses using month end financial reports.
    Prepare observations for a month end review meeting.

The training material is developed using real-world use cases that are designed to give students a competitive career advantage.