Overview:

In this course,basic accounting principles for a business are explained properly.. Topics include the complete accounting cycle with end-of-period statements, bank reconciliation, payrolls, and petty cash.  Upon completion, students should be able to demonstrate an understanding of accounting principles and apply those skills to a business organization.

Prerequistes:

• Candidates should have a laptop and an internet connection.
• They should have an account on Skype.

Keytakeaways:

• Keep a track of Accounts for any company from scratch
• Work independently on return filing, taxation, statutory compliances
• Finalize Accounts and handle everything independently
• Take challenging roles in Accounting, Taxation, Auditing and Compliance

Course Content:

1. 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

2. Accounting Process

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

3. Finalization of Accounts

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

4. 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

Target Audience:

• Undergraduates,
• Graduates,
• M.com,

• MBA graduates and working professionals looking for a Career in accounting and taxation

• Students of Std XI-XII