Record to Report

Are you interested in building a career in the finance department's Record to Report process? Do you wish to improve your accounting knowledge to progress in your office work? Or are you eager to learn about processes like journaling, reconciling, closing, and making financial reports? If you said yes to any of these, this course is for you!

Please note this course is tailored to refresh your basic finance principles and enhance your skills for job interviews, boosting your chances of success. What we’ll cover includes:

1. Introduction to Accounting: Understand what accounting is, its roles, goals, limitations, who uses accounting data, why it is the language of business, the accounting cycle, and the double-entry system.
2. Basic Accounting Terms: Get familiar with the common terms used in accounting.
3. Essential Accounting Principles and Standards: Learn about the 9 key accounting principles and 4 main accounting norms.
4. Cash and Accrual Accounting: Explore these two foundational accounting methods.
5. The Golden Rules of Accounting: Study both the traditional and modern approaches with practical examples.
6. The Accounting Equation: Understand its logic and application through detailed examples.
7. Journal Entries and Their Role in Accounting: Practice creating journal entries and see how they tie into the accounting equation.
8. Ledger Posting: Learn how to post entries, balance accounts, and grasp the underlying logic.
9. Using Day Books and Other Subsidiary Books: Learn how tools like the purchase book and sales book are used.
10. Trial Balance and Adjusting Entries: Understand how to prepare a trial balance and make necessary adjustments.
11. Bank Reconciliation Statements: Learn the steps to reconcile bank statements with book records.
12. Accounting for Depreciation: Dive into various causes and methods of depreciating assets.
13. Understanding Capital and Revenue Transactions: Identify differences and impacts on financials.
14. Reserves and Provisions: Understand these critical financial components and their impacts.
15. Finalizing Accounts: Peek into the process of closing accounts with necessary year-end adjustments.
16. Balancing Sheet Accounts: Learn to reconcile balance sheet accounts efficiently.
17. Closing Books: Understand what closing books monthly entails.
18. Basics of Inventory and Cost Accounting: Briefly explore inventory valuation and cost of goods sold.

Practice Sessions – Journal Entries and Accounting Equations:

Train using our special Training ERP system, where you will apply what you've learned by processing 100 journal entries, mirroring real-life scenarios.

Key Highlights:

• Simple Modules: Each section is straightforward, covering essential topics from basic terms to complex finance principles.
• Practical Exercises: Apply your learning through activities, enhancing understanding of crucial finance concepts.
• Explore Real Cases: Face typical finance situations through case studies to build your problem-solving capabilities.
• Interactive Practice: Use our simulated software to practice and hone your skills safely.

Benefits:

• Comprehensive Learning: From basic terms to complex concepts like final account adjustments, this course provides extensive finance knowledge.
• Career Prospects: Gain skills sought after in many sectors, enhancing your career progression opportunities in finance.
• Practical Insights: Apply learned concepts in practical scenarios, preparing you for real finance tasks.
• Learn at Your Pace: Access material online anytime, fitting your learning into your routine.

Why Join?

• Deepen Finance Understanding: Boost your decision-making and financial management skills within any organization.
• Job Preparedness: Rise as a preferred candidate in finance and accounting roles with your practical and theoretical knowledge.
• Growth and Confidence: Improve your analytical abilities and confidence in managing finance operations.

Who Should Join?

This course is ideal for newcomers and those with up to five years of experience in finance, or anyone aiming to specialize in Finance and Accounts Outsourcing/Offshoring operations.

Enrol in our Finance Fundamentals: Record to Report (R2R) course now, and start on the path to becoming a skilled finance professional ready to advance in the industry!