Professional Accountant: Book-Keeping and Accounting

Practical Accounting

I – Basics to Advance Level

Introduction to Accounting   

Accounting Terms  

Accounting Principle 

GAAP – Generally Accepted Accounting Principles

Analyzing of Business Transactions

Accounting Approaches 

Accounting Equation

Preparation of Journals

Ledger posting process in different formats of Accounts

Preparation of Trial Balance and its methods

Rectification of errors at different stages

Accounting of Assets, Depreciation of Assets

Provisions and Reserves

Treatment of Dishonored Cheque

Accounting of Inventory/Stock

Amortization, Provision of Bad Debts

Insurance Claims

Consignment Accounts

Joint Ventures

Bills of Exchange  

Bank Reconciliation Statement (BRS)

Yearend Process – Adjustment’s and Rectifications

Closing Books of Accounts - Closing Entries

Finalisation of Accounts

Beginning of year – Opening Entries

II – Project

Source Documents Accounting Vouchers

Writing books of accounts –  

Cash Book, General Ledger – GL, Accounts Receivable – A/R, Accounts Payable A/P, and Journal Proper

Registers – Purchase, Sales, Return Inwards & Return Outwards

Inventory Management – Stock Records, Stock Valuation

Internal Check & Audit

Year Ending process & Next year beginning process

Preparation of Financial statements