Curriculum
Module 1: Introduction To Financial Accounting
Accounting Concepts and Conventions; Recording, Classifying and Summarizing Business Transactions: Journalizing, Ledger Posting, and Preparation of Trial Balance; Overview of subsidiary books and bank reconciliation statement
Module 2: Final Accounts of Proprietary Concerns
Measurement of Financial Performance and Position, Preparation of Trading Account, Profit & Loss Account and Balance Sheet with the adjustments relating to: closing stock, outstanding expenses, prepaid expenses, accrued incomes, unearned incomes, depreciation, bad debts, provision for bad debts, provision for discount on debtors, interest on capital, and interest on drawings
Module 3: Company Final Accounts
Statutory Provisions regarding preparation of Company Final Accounts; Treatment of Special Items: Managerial Remuneration, Tax deducted at source, Advance payment of Tax, Provision for Tax, Depreciation, Interest on debentures; Dividends, Rules regarding payment of dividends; Transfer to Reserves; Preparation of Income Statement and Balance Sheet as per the revised formats
Module 4: Cash Flow Statement
Meaning, Importance, and Limitations of Cash Flow Statement; Cash Equivalents; Classification of cash flows into operating, investing, and financing; Calculating net cash flows from operating (Direct and Indirect Methods), investing, and financing activities; Preparation of Cash Flow Statement as per AS-3; Cash flow ratios and Cash Flow Analysis
Module 5: Financial Reporting Standards
Financial Reporting Standards-Meaning and Needs; Overview of Indian Accounting Standards (IND ASs); Overview of International Financial Reporting Standards; Overview of U.S. GAAPs; Comparison of U.S. GAAPs and IFRS: Similarities and Differences
Learning Outcomes
Who Should Attend?
Job Prospects
Certification
After completing this course and successfully passing the certification examination, the student will be awarded the “Financial Accounting and Reporting” certification.
If a learner chooses not to take up the examination, they will still get a 'Participation Certificate'.