Finance Fundamentals - Fixed Assets Reconciliation

Embark on a transformative journey of financial mastery with our Finance Course - Fixed Assets Reconciliation. Delve into the intricacies of fixed asset management and reconciliation, acquiring invaluable insights and practical skills essential for success in the dynamic world of finance. From understanding fundamental accounting principles to mastering advanced concepts like depreciation methods and balance sheet reconciliation, this comprehensive program equips you with the expertise needed to excel in finance and accounting roles.

Comprehensive Curriculum:

  • Introduction to Accounting: Explore the definition, functions, and objectives of accounting, along with essential concepts like the accounting cycle and double-entry system.
  • Accounting Fundamentals: Gain a clear understanding of basic accounting terms, concepts, and conventions, including the cash basis and accrual basis of accounting.
  • Golden Rules of Accounting: Learn the traditional and modern approaches to accounting rules, their significance, and practical examples for application.
  • Accounting Equation and Journal Entries: Master the accounting equation logic and its application in journal entries, ledger posting, and maintaining balance accounts.
  • Depreciation Accounting: Understand the causes and methods of depreciation, amortization, and depletion, with practical problem-solving exercises.
  • Reserves, Provisions, and Expenditure/Income: Differentiate between capital and revenue expenditure/income, and explore the concept of reserves and provisions.
  • Balance Sheet Reconciliation: Dive into the process of reconciling balance sheet accounts, including subsidiary ledger management and responsibility matrix.
  • Bank Reconciliation and Closing Entries: Learn to reconcile cash book and passbook statements, and understand the concept of month-end closing entries.
  • Inventory Accounting and Cost of Goods Sold: Explore inventory accounting principles and their impact on the cost of goods sold.

Practice Session:

Engage in hands-on practice sessions and real-life scenario-based activities, including journal entries, ERP system training, and 100 journals with accounting equation impacts.


  • Expert Instruction: Learn from seasoned finance professionals with extensive industry experience and expertise.
  • Interactive Learning Environment: Engage with interactive modules, discussions, and activities for an immersive learning experience.
  • Flexible Schedule: Access course materials and resources online, allowing you to learn at your own pace and convenience.


  • Enhanced Financial Skills: Develop a deep understanding of fixed asset management principles and techniques, enhancing your financial acumen.
  • Career Advancement Opportunities: Gain a competitive edge in the job market and unlock new career opportunities in finance and accounting roles.
  • Increased Efficiency: Learn efficient methods for reconciling fixed assets, leading to improved financial reporting accuracy and compliance.
  • Practical Knowledge Application: Apply learned concepts and techniques directly to real-world financial scenarios, boosting your confidence and competence.
  • Professional Recognition: Earn a valuable credential that demonstrates your expertise in fixed asset reconciliation, adding credibility to your resume and professional profile.


  • Empowerment: Equip yourself with the knowledge and skills needed to excel in the field of finance and accounting.
  • Career Growth: Position yourself for career advancement and progression in finance-related roles and industries.
  • Financial Mastery: Master the complexities of fixed asset management, enabling you to make informed financial decisions and drive organizational success.
  • Personal Development: Expand your horizons and challenge yourself to reach new heights of personal and professional growth.
  • Long-term Success: Lay a solid foundation for long-term success and prosperity in your financial career journey.

Fixed Asset

  • Module 1 - Introduction to the Subject – Covering Definition, Functions, Objectives, Limitations of accounting, Users of Accounting information, Why Accounting is a business language, Accounting Cycle, Double Entry System explanation.
  • Module 2 - Meaning of basic accounting terms we use
  • Module 3 - The Nut and bolts - 9 accounting concepts and 4 accounting conventions explained
  • Module 4 - Concept of Cash Basis and Accrual Basis of Accounting
  • Module 5 - Golden Rules of Accounting (Traditional & Modern Approach with examples and significance)
  • Module 6 - Accounting Equation – (logic, application, examples)
  • Module 7 - Journal and application in Accounting Equation (This will include lots of example journal entries as activity. Accounting Equation is separately included in this module)
  • Module 8 - Ledger Posting (How to post entries, balance accounts and understand the logic)
  • Module 9 - Depreciation Accounting (Causes and Methods of depreciation, Amortisation, depletion, practice problems)
  • Module 10 - Reserves and Provisions - meaning and difference (Capital and revenue reserve, difference between reserve and provision, self-evaluation questions)
  • Module 11 - Concept of Capital and Revenue Expenditure/Income (Difference between capital and revenue expenditure, deferred revenue expenditure, capital and revenue receipt, capital and revenue profit/loss)
  • Module 12 - A glimpse of Finalization of accounts with adjustments (Trading account, profit and loss account, balance sheet, adjustments, different between fixed and current assets, liabilities)
  • Module 13 - Concept of Balance Sheet Accounts reconciliation (8 steps of BSR, subsidiary ledger, important terms, responsibility matrix, tips for BSR)
  • Module 14 - Closing Entries/meaning of month-end closing of Books of Accounts
  • Module 15 - Trial Balance and Adjustments/Rectification entries concept (Trial balance Format, types of errors, suspense account, Trial balance sample entries activity)
  • Module 16 - Bank Reconciliation Statement - base building (Introduction to BRS, ground rules of cash book and pass book, sample problems)
  • Module 17 - Other Day Books/Subsidiary Books (Such as purchase book, sales book, cash book)
  • Module 18 - A brief overview of Inventory accounting and Cost of Goods Sold concept

Practice Session – Journal and application in Accounting Equation - We have created a Training ERP system on which the trainees will practice the concepts which they have learned. They are given 100 Journals with Accounting Equation impacts. They have to complete the postings correctly. This is based on real life scenario.

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