Fountain Chowk, Ludhiana
M: 82840-95100
Advance Practical Accounting
Course Description
Advanced Practical Accounting is designed to deepen your understanding of accounting principles by focusing on real-world applications and advanced accounting techniques. This course builds on basic accounting knowledge, introducing students to complex topics. Through a blend of theoretical knowledge and practical exercises, students will gain the expertise required to handle complex accounting tasks in various business environments.
Minimum Eligibility
10+2 (Any Stream)
Course Criteria
Duration
50 Hours
Mode
Online / Offline
Certification
EDUHOME INSTITUTE
Skills You'll Master
The goal of this course is to provide students with advanced accounting skills that can be directly applied in professional settings. Upon completing this course, students will be able to:
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Understand and apply advanced accounting concepts.
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Prepare detailed financial reports and statements.
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Perform variance analysis to assess financial performance.
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Manage complex financial transactions and reconcile discrepancies.
Course Curriculum
The Advanced Practical Accounting course covers the following topics:
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Review of Basic Accounting Principles
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Advanced Financial Statements Preparation
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Advanced Topics in Accounts Payable and Receivable
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Asset and Inventory Management
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Recording and Posting from Actual Bills, Vouchers, and Cheques etc.
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Bank Statement in Actual Books of Accounts
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Analysis of Expenses Payments
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Depreciation and amortization
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Advance accounting techniques and practices
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Case Studies and Real-world Applications
Course Curriculum
Unlock the Future of Accounting with Our Comprehensive Course
Our Advanced Practical Accounting Course is designed for those who wish to deepen their understanding of accounting principles and excel in real-world financial scenarios. This course equips students with advanced skills to handle complex financial tasks and prepares them for high-demand roles in the industry. Below is a detailed curriculum outline:
Review of Basic Accounting Principles
Revisit the foundational concepts of accounting to strengthen your understanding and prepare for advanced topics. This ensures every learner has a solid base to build upon.
Advanced Financial Statements Preparation
Master the preparation of detailed financial statements, including:
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Income Statements
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Balance Sheets
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Cash Flow Statements
This module emphasizes accuracy and compliance with current accounting standards.
Advanced Topics in Accounts Payable and Receivable
Learn advanced techniques for managing accounts payable and receivable, with a focus on minimizing errors, improving cash flow, and ensuring efficient operations.
Asset and Inventory
Management
Understand the intricacies of asset tracking, valuation, and reporting. Develop skills in inventory management to ensure accuracy in stock levels, cost controls, and reporting.
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Recording and Posting from Actual Bills, Vouchers, & Cheques
Gain hands-on experience in recording and posting financial transactions using actual business documents such as:
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Bills
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Vouchers
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Cheques
This practical knowledge enhances your readiness for real-world accounting tasks.
Bank Statement in Actual Books of Accounts
Learn to reconcile bank statements with actual books of accounts. Develop proficiency in identifying discrepancies and maintaining accurate financial records.
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Analysis of Expenses and Payments
Dive deep into expense and payment analysis. Learn how to categorize expenses, identify trends, and make data-driven financial decisions to improve business efficiency.
Advanced Accounting Techniques and Practices
Explore advanced methodologies and practices, including:
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Consolidated financial reporting
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Inter-company transactions
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Complex financial reconciliations
Depreciation and
Amortization
Master the calculation and application of depreciation and amortization techniques. Understand their impact on financial statements and how to optimize asset valuation.
Case Studies and Real-World Applications
Apply your knowledge through case studies and real-world examples. These scenarios are designed to mirror challenges faced in professional accounting, ensuring you are job-ready.
Why Choose This Course
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Gain practical expertise in advanced accounting methods.
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Learn from experienced instructors with real-world insights.
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Prepare for high-paying accounting roles across industries.
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This course is ideal for individuals who aspire to work in corporate accounting, finance departments, or as independent accounting consultants. Take your accounting skills to the next level with our Advanced Practical Accounting Course!
Comprehensive Vocabulary
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Accrual Accounting:
Recognizing revenues and expenses when they are incurred, regardless of when cash transactions occur.
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Variance Analysis:
The process of analyzing the difference between budgeted and actual figures to understand performance.
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Depreciation Methods:
Various techniques used to allocate the cost of a tangible asset over its useful life, such as straight-line or declining balance.
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Cost Accounting:
The method of accounting for costs, including the calculation and analysis of production costs.
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Budgeting:
The process of creating a plan to spend money, outlining expected revenues and expenditures.
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Liquidity:
A measure of how quickly and easily an asset can be converted into cash.
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Internal Controls:
Processes and procedures implemented to safeguard company assets and ensure financial accuracy.
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Consolidation:
The process of combining the financial statements of a parent company and its subsidiaries into one comprehensive set of financials.
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Deferred Revenue:
Income received by a business for goods or services not yet delivered, recorded as a liability until fulfilled.
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Amortization:
The gradual repayment of a debt over a period of time or the gradual write-off of an intangible asset.