Accounts Executive - LSC / Q1002
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Course Code – ANG4 -------------------------------------------------------------------- Duration : 60 Sessions(3 Hrs ) + Practical 100 hrs
Objective: To gain understanding and to provide working knowledge of accounting concepts, detailed procedures and documentation involved in financial accounting system.
Study Note: 1 Process of Accounting
Introduction – definition – Accounting Cycle – Objectives of Accounting – Basic Accounting Terms – GAAP – ACC – Events & Transactions – Voucher – The concepts of “Accounts’ Debit & Credit – Types of Accounts – The Accounting Process – Accounting Equation – Accrual Basis & Cash basis of Accounting – Capital & Revenue Transactions – Accounting Standards – Double Entry System, Books of prime Entry , Subsidiary Books – Trial Balance – Measurement, valuation & Accounting Estimates – Opening entries – Transfer entries and Rectification entries.
Study Note: 2 Accounting for Depreciation
Introduction – Certain Useful Terms – Nature of Depreciation – Causes of Depreciation – Characteristics of Depreciation – Objective of and Necessity for providing Depreciation – Measurement of Depreciation – Methods of Charging Depreciation – Provision for depreciation Account – Disposal of an asset – Profit or loss on sale of assets – method of depreciation calculation – Change of method – prospective and retrospective – Application of AS6 depreciation accounting – Application of AS10 Accounting for Fixed Assets.
Study Note: 3 Preparation of Final Accounts
Introduction – Preparation of Financial Statements- Bad debts – Preparation of Financial statement of Non-Trading Concerns.
Study Note: 4 O2C (Order to Cash)
Introduction – Accounts receivable – O2C operations – Commercial and Accounting transactions in the O2C cycle.
Study Note: 5 P2P (Procure to Pay)
Introduction – Outsourcing of P2P – Maintenance of documents – Procurement activities – Accounting entries for P2P process.
Study Note: 6 R2R (Record to Report)
Overview – Overview of Reconciliation – Bank Reconciliation Statement – Accounting for Fixed assets – Cash Budgeting and Forecasting – Cash Flow Management.
Study Note: 7 Practical & Assignment (100 Hrs)
E-Filing of Return – TDS – GST Return – Income tax Return – Customs Duty Automation – ESIC – Provident Fund.
MS Office – MS Excel – Speed in Typewriting 25 WPM.
FEE DETAILS
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Sl.No |
Course NSQF Code |
Course |
Session (3 Hrs) |
Assignment & Practical |
FEE Details Maximum inclusive of Tax |
Course Total fee |
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TNASDCL |
AAC |
CENTRE |
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1 |
LSC/Q1002 |
Accounts Executive |
60 |
100 Hrs |
1,000 |
6,000 |
9,000 |
15,000 |