Finance Fundamentals - Balance Sheet Reconciliation
Embark on a journey into Balance Sheet Reconciliation with our comprehensive course!
Do you feel overwhelmed by creating a bank reconciliation statement? Are you on the lookout for a job in this area or have an upcoming interview but lack confidence in this function? Do you aspire to enhance your knowledge of all accounting activities such as general accounting, bank statement reconciliations, closing, and reporting?
If you nodded yes to any of these questions, you've landed in the right place.
Our course is meticulously designed to refresh your concepts and equip you for successful job interviews. Practice Sessions include a Training ERP system on which you can practice all the concepts learned, these include over 100100 Journals with Accounting Equation impacts based on real-life scenarios. Here's what we'll delve into:
- Introductory definitions, functions, objectives, and the significance of accounting and understanding fundamental accounting terms
- Unpacking 9 accounting concepts and 4 accounting conventions
- Concept of Cash Basis and Accrual Basis of Accounting
- Grasping the Golden Rules of Accounting with both Traditional & Modern Approaches, backed by examples
- Mastering the Accounting Equation with real-world examples
- Journal Entries and its application in Accounting Equation
- Navigating Ledger Posting
- Balancing Balance Sheet Accounts – Learning the 8 steps of BSR, subsidiary ledger, and important terminologies
- Building the Foundation of Bank Reconciliation Statement
- Unveiling Trial Balance and Adjustments/Rectification entries concepts
- Diving into Reserves and Provisions
- Understanding Closing Entries and the significance of month-end closing of Books of Accounts
- Exploring Finalization of Accounts with adjustments, including Trading account, profit and loss account, balance sheet, and more
- Differentiating between Capital and Revenue Expenditure/Income, with practical scenarios
- Delving into Depreciation Accounting – Causes, Methods of depreciation, and practical problems
- Exploring Other Day Books/Subsidiary Books such as purchase books, sales books, and cash books
- Gaining insights into Inventory accounting and Cost of Goods Sold concept
Features:
- Simple Language: Presented in straightforward language, accessible to learners with varying levels of financial knowledge.
- Interactive Learning: Engage in quizzes, case studies, and practical exercises for a hands-on learning experience.
- Real-Life Examples: Explore real-life scenarios to see how balance sheet reconciliation is applied in different business situations.
- Expert Instruction: Learn from experienced instructors who provide personalized guidance and support.
- Flexible Learning: Access course materials online, learn at your own pace, and from anywhere with an internet connection.
Advantages:
- Practical Skills: Gain practical skills in balance sheet reconciliation, essential for financial management.
- Career Development: Enhance your resume and increase employability with valuable skills in finance and accounting.
- Confidence Building: Build confidence in your ability to understand and interpret financial statements.
- Industry-Relevant Knowledge: Acquire knowledge and skills relevant to the finance industry, increasing professional value and credibility.
- Improved Financial Management: Achieve accurate and transparent financial reporting for better decision-making.
- Risk Mitigation: Identify and address discrepancies in financial data, reducing the risk of errors and fraud.
- Cost Savings: Streamline financial processes and ensure accuracy in reporting, saving time and resources.
- Career Advancement: Advance your career and pursue new opportunities for growth and development within organizations.
Who is this course for?
Freshers to 5 years of experience or anyone aspiring for a career in Finance and Accounts Outsourcing/Offshoring Operations.
Ready to master balance sheet reconciliation? Enroll in our Finance Course today and unlock a world of opportunities in finance and accounting!
- Introductory definitions, functions, objectives, and the significance of accounting and understanding fundamental accounting terms
- Unpacking 9 accounting concepts and 4 accounting conventions
- Concept of Cash Basis and Accrual Basis of Accounting
- Grasping the Golden Rules of Accounting with both Traditional & Modern Approaches, backed by examples
- Mastering the Accounting Equation with real-world examples
- Journal Entries and its application in Accounting Equation
- Navigating Ledger Posting
- Balancing Balance Sheet Accounts – Learning the 8 steps of BSR, subsidiary ledger, and important terminologies
- Building the Foundation of Bank Reconciliation Statement
- Unveiling Trial Balance and Adjustments/Rectification entries concepts
- Diving into Reserves and Provisions
- Understanding Closing Entries and the significance of month-end closing of Books of Accounts
- Exploring Finalization of Accounts with adjustments, including Trading account, profit and loss account, balance sheet, and more
- Differentiating between Capital and Revenue Expenditure/Income, with practical scenarios
- Delving into Depreciation Accounting – Causes, Methods of depreciation, and practical problems
- Exploring Other Day Books/Subsidiary Books such as purchase books, sales books, and cash books
- Gaining insights into Inventory accounting and Cost of Goods Sold concept
Features:
- Simple Language: Presented in straightforward language, accessible to learners with varying levels of financial knowledge.
- Interactive Learning: Engage in quizzes, case studies, and practical exercises for a hands-on learning experience.
- Real-Life Examples: Explore real-life scenarios to see how balance sheet reconciliation is applied in different business situations.
- Expert Instruction: Learn from experienced instructors who provide personalized guidance and support.
- Flexible Learning: Access course materials online, learn at your own pace, and from anywhere with an internet connection.
Advantages:
- Practical Skills: Gain practical skills in balance sheet reconciliation, essential for financial management.
- Career Development: Enhance your resume and increase employability with valuable skills in finance and accounting.
- Confidence Building: Build confidence in your ability to understand and interpret financial statements.
- Industry-Relevant Knowledge: Acquire knowledge and skills relevant to the finance industry, increasing professional value and credibility.
- Improved Financial Management: Achieve accurate and transparent financial reporting for better decision-making.
- Risk Mitigation: Identify and address discrepancies in financial data, reducing the risk of errors and fraud.
- Cost Savings: Streamline financial processes and ensure accuracy in reporting, saving time and resources.
- Career Advancement: Advance your career and pursue new opportunities for growth and development within organizations.