Practical Accounting

Bookkeeping AND ACCOUNTING

Bookkeeping is all about keeping track of a business’s financial activities in a systematic and organized way. It means carefully documenting everything from sales and purchases to income and expenses. The main aim of bookkeeping is to create a clear and tidy record of all financial transactions, which serves as a strong base for managing finances and making informed decisions.

Our in-depth bookkeeping training course is crafted to give you the essential skills and knowledge you need to thrive in the bookkeeping world. Just picture yourself accurately recording financial transactions, confidently analyzing financial data, and preparing crucial financial statements that businesses rely on.

Our practical accounting courses will walk you through these processes step-by-step. You’ll get familiar with various accounting software that’s commonly used in the industry, so you can jump right into your accounting role with ease.

Enhanced Job Opportunities:

Employers really appreciate candidates who have bookkeeping skills because these skills are essential for keeping financial records in check. Getting trained in this area can lead to exciting opportunities in accounting firms, corporate finance teams, and even starting your own business!

Career Advancement:

If you have skills in book-keeping, you can climb the career ladder to roles like accountant, financial analyst, or business manager, show-casing your talent in financial management along the way.

Increased Earning Potential:

If you’re looking for a stable career, skilled bookkeepers are definitely in demand. Plus, getting some extra training can really boost your salary and give you more job security!

Course Modules Include:

Fundamentals of Accounting & GAAP Compliance: Dive into the essentials of accounting and GAAP compliance, where you’ll grasp the fundamental principles and standards that shape financial reporting.
Double-Entry Bookkeeping System: Get a handle on the double-entry bookkeeping system, which is all about systematically recording financial transactions—it’s the backbone of accounting!
Journal, Ledger & Trial Balance Preparation: Learn the ropes of journal, ledger, and trial balance preparation, ensuring you can accurately post entries and create vital accounting records.
Rectification of Errors Audit Basics: Discover how to spot and fix errors while also getting a taste of auditing basics—it’s all about maintaining accuracy!
Year-End Adjustments & Period Closure: Master year-end adjustments and period closure, dealing with depreciation, provisions, accruals, and all those important final entries.
Preparation of Financial Statements: Prepare financial statements like a pro, crafting balance sheets, profit and loss accounts, and cash flow statements with confidence.
Fixed Asset Accounting & Depreciation Management: Keep track of fixed assets and manage depreciation effectively, ensuring you know how to apply various depreciation methods.
Inventory Management & Valuation Techniques: Get savvy with inventory management and valuation techniques, exploring the differences between perpetual and periodic systems.
Bills of Exchange Accounting: Handle bills of exchange accounting with ease, managing transactions that involve promissory notes and bills receivable or payable.
General Ledger, Accounts Receivable & Accounts Payable (G/L, A/R, A/P): Take charge of your general ledger, accounts receivable, and accounts payable, efficiently managing customer and vendor accounts while posting entries across ledgers.
Bank Reconciliation Statement (BRS): Reconcile bank transactions with a bank reconciliation statement (BRS), correcting any mismatches in your statements.
Consignment & Joint Venture Accounting: Record and analyze specialized business arrangements with consignment and joint venture accounting, gaining insights into these unique setups.
Real-Time Project Work: Engage in real-time project work, tackling live accounting scenarios that let you put your knowledge into practice.
MIS Reports & Financial Analysis: Finally, generate insightful MIS reports and conduct financial analysis to support smart business decision-making.

REAL TIME PROJECT WORK

Vouchers Writing

Apply your skills in precision financial recording by creating and managing vouchers as you would in a real-world business setting.

Stock Registers

Gain hands-on experience in maintaining stock regis-ters, learning to track and manage inventory efficiently for optimal business operations.

Accounts Books

Navigate the intricacies of accounts books posting, mastering the process of accurately recording financial transactions in line with industry standards.

This project work goes beyond theoretical understanding, providing a simulated environment that mirrors actual workplace scenarios. It’s a unique opportunity to apply and reinforce your knowledge, ensuring you are well-prepared for the dynamic challenges of professional bookkeeping.