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FINANCE & ACCOUNTS CERTIFIED TRAINING

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TRAINING MODULE:

      Introduction to Accounting

  • Functions and arenas of Accounting

  • Accounting Cycle & Principles- Concepts & Conventions

  • Types of Accounts, Debit & Credit

      Financial Statement

  • Categorization of ratios

  • Various types of ratios including Liquidity Ratios, Solvency Ratios.

  • Profitability Ratios, Expense Ratios, Turnover Ratios. & ratio analysis

      Inventory Accounting System

  • Inventory Basics

  • Inventory accounting systems

  • Valuation methods

  • Accounting for inventory

  • Impact on financial statements.

      Accounting Process

  • Analyzing & Recording transactions

  • Ledger entries

  • Balancing accounts

  • Preparing Trial Balance sheet

      Reconciliation of Books

  • Bank Reconciliation

  • Reasons for reconciling the books.

  • Procedure for reconciliation.

      Depreciation Accounting Concept

  • The basic of depreciation

  • Methods of depreciation

  • Accounting for depreciation

  • Depreciation and its impact on cash flow and income tax(IT)

      Income Taxes & Reporting

  • Income tax calculation.

  • IT return filling.

  • Tax reporting and financial reporting.

  • Effect on income, deferred tax liability/assets.

      Financial Reporting

  • Objective of financial reporting.

  • Financial reporting standard.

  • Importance of monitoring developments in financial reporting

      Finalization of Accounts

  • Rectifying the mistaken entries

  • Adjustment entries

  • Preparing Adjusted Trial Balance

  • Preparing financial statements

      Petty Cash Accounting

  • Petty cash and its purpose

  • Writing petty cash book

  • Types of petty cash book

  • Control over petty cash

      Leases and Balance Sheet

  • fundamentals of lease financing

  • Forms of off-balance-sheet financing.

  • Operating and financial leases.

  • Lease accounting calculations.

  • Forms of off-balance-sheet financing like sales receivables or pay contracts.

      International Accounting Standards

  • International accounting standards for asset and liability.

  • Generally accepted accounting principles (GAAP).

  • Major revenue and expense categories.

  • Accounting standards of interest and dividends on cash flow statement.

  GST TRAINING

      GST Training 1

  • Basics of Tax

  • Indian Taxation System

  • Introduction to GST Structure

  • Rates Comparison

  • Applicability of GST

  • Valuation

  • Tax Invoice

      GST Training 2

  • Registration

  • GST Returns

  • Payment of Tax

  • Accounting for GST

  • GST in Tally

  • GST & Previous Indirect Tax

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