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
Certified
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