Who Can Benefit

• Accountants and Finance Employee

Course outline

•  Introduction to Accounting

• Meaning, Functions and Sub fields of Accounting
•  Accounting Cycle
•  Accounting Principles- Concepts & Conventions
• Accounting Equation
• Types of Accounts
• Rules of Debit & Credit

• Accounting Process

• Analyzing transactions
• Recording transactions
• Posting to ledger
• Balancing the accounts
• Preparing Trial Balance

• Finalization of Accounts

•   Rectifying the erroneous entries
•  Journalizing adjustment entries
•  Preparing Adjusted Trial Balance
•   Passing the closing or transfer entries
•  Preparing financial statements

• Financial Statement Analysis-I

• Categorization of ratios
• Various types of ratios including Liquidity Ratios, Solvency Ratios, Structure Ratios, Leverage Ratios, and Coverage Ratios.
• Significance of these ratios

•  Financial Statement Analysis

• Various other types of ratios including Profitability Ratios, Expense Ratios, Turnover Ratios, and Market Sensitivity Ratios.
• Decomposition of ROA and ROE with Dupont Analysis
•  Limitations of ratio analysis

• Reconciliation of Books

• What actually is Bank Reconciliation?
•  Reasons for reconciling the books.
•  Procedure or steps for reconciliation.

•  Petty Cash Accounting

• Petty cash and its purpose
• Writing petty cash book
•  Types of petty cash book
• Control over petty cash

• Inventory Accounting

• The basics of inventory
•  Inventory accounting systems
•  Inventory valuation methods
• Accounting for inventory
•  Inventory and its impact on financial statements.

• Depreciation Accounting

• The basic concepts of depreciation
• The methods of depreciation
•  Accounting for depreciation
• Depreciation and its impact on cash flow and income tax

• JOB AIDS

• Disclosures
•  Measurement Tools
• Case Study

• Calculators in Financial Accounting
•  Cash Flow Calculator
• Corporate Performance – Dashboard
• Ratio Calculator
• Petty Cash Calculator
• Bank Reconciliation Calculator