Advanced Financial Accounting Training [AFA]- 14 Hours

Advanced Financial Accounting Training [AFA]- 14 Hours

The purpose of this program is to enlighten the advanced financial concepts, and practical learning of real time Industry scenarios with an impact on the financial statements along with learning of fundamentals of accounting, rules, concepts and conventions of financial accounting, learning of workflows of the financial transactions, flow chart of this program in the actual work/project.

The concepts of financial accounting are most highly developed and clearly defined in the business world. This graduate course introduces the basic concepts and principles of accounting for preparing the financial statements such as income statement (financial performance) and balance sheet (financial position).

Program Objective

The ultimate objective of this program is to understand, interpret the fundamentals of accounting, and analyze the impact of each P &l line item or decrease or increase of an asset, debt, equity and liability on the financial statements- Income statement, Balance sheet and Cash flow of the business.

 This would involve enlightenment of skills of financial accounting in two dimensions-

  1. To become an expert on functional concepts, accounting and financial work flows
  2. To achieve a potential caliber in applying, and implementing the real time scenarios/Industry Best Practices

We achieve the above program objective by adhering/ implementing the TWO WAY APPROACH in learning of advanced Financial Accounting Program

  • Functional skills: Effective learning from the roots of the accounting and enhancement of academic concepts, contents

 

  • Technical Implementation skills: The subject matter experts from various industries right from IT, Software, Healthcare, BPO/ KPO, Real Estate, Banking, Telecommunication, Audit and service will deploy their expertise, sharing best practices, real time essential scenarios in implementing your concepts/learning’s Technically in systems, applications, and ERP environment in your real time work space.

Program Contents

  1. What is a financial accounting
  2. Accounting Concepts & Conventions
  3. Accounting Rules
  4. Journals and Types of Journal being posted in the organization
  5. Book Keeping
  6. Trial Balance
  7. Preparing Profit and Loss account/ Income statement
  8. Balance Sheet
  9. Cash Flow Analysis
  10. Impact of Journal, their impact on Financial statement
  11. Industry best live examples, various real time scenarios

Performance Evaluation

An Initial evaluation of the performance of the candidate, Identifying the improvement areas, training/ enlightening the gaps, and roll out the final evaluation before the end of the training

What Is the Out Come of the Program?

You will become a subject Matter expert on accounting professional conceptually and technically in implementing your functional skills at your work, and driving the process/project more effectively in compliance to the project requirements. In addition, a certificate is awarded after completion of the program.