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Basic Accounting Concepts (Module-II) (ACT-101)

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Course Name : Basic Accounting Concepts (Module-II)

Course Code : ACT-101

Course Duration : 2 Day(s)

Course Objectives:

To enable participants to learn and understand the Accounting Principles and Practice
Expected Accomplishments:

By the end of the course, participants will be able to understand and apply:

  • The need for accrual accounting
  • Accruals and Deferrals
  • Annual closing of accounts
  • Accounting for Depreciation
  • ectification of errors
  • Allowance for Doubtful Debts
  • Adjusting Entries
  • Preparation of adjusted Financial Statements.

Who can benefit:

Staff working in accounting functions

Prerequisites:

Basic Accounting Concepts – I (ACT-100)

Course Outline:

  • Accruals and Deferrals
  • Depreciation Accounting
  • Disposal of Fixed assets
  • Allowance for doubtful debts
  • Rectification of Errors
  • Preparing Adjustment Entries
  • Adjustment Schedule for closing the books
  • Final Financial Statements.
     

Delivery Method:

Instructor led classes with individual Exercises, Review Tests and group work.

Related Training:

  • Basic Accounting Concepts – 1
  • Finance skills for managers

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