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Financial Accounting

Quick Stats

Find opportunities as Account Executive, Accounting Officer, Financial Controller, Senior Accountant etc.
Entry level salary package for professionals starts from 2lpa INR.
Professionals with expertise in financial planning & analysis, budgeting & forecasting etc. are in demand.

Benefits

Immediate access to information
On signing up for the program you will get immediate access to information and course content.
Master the concepts
Master the concepts, principles and conventions of accounting.
Rich set of examples
Rich set of examples Industry scenarios explained by the subject matter expert via concept and demonstration videos
Reading Material and MCQs
Videos, Problem Solving Exercises, Reading Material and MCQs to help you understand subsidiary books, double-entry accounting and trial balance.
Industry-wide recognized certification
Get an industry-wide recognized certificate in Financial Accounting by Manipal ProLearn.
Find opportunities as
Account Executive, Accounting Officer, Financial Controller, Senior Accountant etc. Entry level salary package for professionals starts from 2lac INR per annum.

Who Should Attend

  • Students pursuing commerce, accounts, and MBA.
  • Professionals who want to learn about the basics about financial accounting.
  • Professionals who want to make a career in financial accounting.

Course Outcome

Upon completion of this program students will be able to:

  • Define financial accounting
  • Understand the financial accounting concepts, principles, conventions, it’s purpose, limitations, and accounting cycle
  • Explain double entry accounting
  • Prepare ledger accounts in the books of accounts
  • Describe and maintain subsidiary books
  • Describe the proforma of a trial balance and create trial balance
  • Record the adjustments in the books of accounts and create final accounts

Curriculum

  • Introduction to Accounting
    • Define accounting
    • Explain the purpose of accounting information
    • Identify the users of accounting information
    • List the various stages in an accounting cycle
    • Identify the major limitations of accounting
    • State the differences between “accounting”
  • Accounting Concepts, Principles and Conventions
    • Discuss generally accepted accounting principles (GAAP)
    • Explain commonly used accounting concepts, conventions and principles
    • Define accounting policies and list their disclosures requirements
  • Double Entry Accounting
    • Define the commonly used terms in accounting
    • Explain double entry accounting
    • Classify the accounts
    • Journalize the transactions
    • Prepare ledger accounts in the books of accounts
  • Subsidiary Books
    • Describe subsidiary books
    • List the advantages of maintaining subsidiary books
    • Identify the various types of commonly used subsidiary books
  • Trial Balance
    • Define trial balance
    • List the objectives of preparing trial balance
    • Describe the proforma of a trial balance
    • Identify and list adjusting entries in books of account
    • Identify and rectify errors in books of account
  • Final Accounts
    • Explain financial statements
    • Describe the formats to be followed while preparing financial statements
    • Record the adjustments in the books of accounts for before finalizing financial statements

 

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