Advanced Certification in Corporate Taxation

• Instructor: Vinay C S
• Duration: 10 weeks

Course Curriculum: Principles of Corporate Accounting

1. Introduction to Accounting Principles: Understand the fundamental concepts and principles underlying corporate accounting, including accrual accounting, matching principle, and revenue recognition.
2. Ledger Reviews & Analysis: Gain proficiency in reviewing and analyzing ledgers, including customer and vendor accounts. Learn to interpret debit and credit balances, identify discrepancies, and extract meaningful insights from financial data.
3. Accounting Standards: Explore key accounting standards essential for corporate accounting, including revenue recognition, fixed assets, inventory valuation, and cash flow statements. Understand the implications of regulatory compliance on financial reporting.
4. Accounts Payable (AP) Processes: Delve into the end-to-end accounts payable processes, from invoice verification and approval to payment processing and reconciliation. Learn best practices for managing vendor relationships and optimizing cash flow.
5. Accounts Receivable (AR) Processes: Master the accounts receivable cycle, from invoicing and billing to collections and reconciliation. Understand strategies for improving cash flow and minimizing credit risk.
6. General Ledger Management: Develop skills in general ledger management, including journal entries, posting transactions, and maintaining accurate financial records. Learn to prepare trial balances and reconcile accounts for accurate financial reporting.
7. Finalization of Accounts: Explore the finalization process, including adjusting entries, closing entries, and preparing financial statements. Understand the importance of accuracy and completeness in finalizing accounts.
8. Financial Statements & Analysis: Learn to prepare key financial statements, including balance sheets, income statements, and cash flow statements. Gain insight into financial statement analysis techniques to evaluate the financial health and performance of an organization.

Course Format:

• Instructor-led lectures and discussions
• Practical exercises and case studies
• Hands-on experience with accounting software and tools
• Assignments and assessments to reinforce learning

Outcome: Upon completion of the course, participants will possess a comprehensive understanding of core accounting principles and processes essential for corporate accounting roles. They will be equipped with the knowledge and skills to effectively manage accounting tasks, prepare accurate financial statements, and contribute to informed decision-making within organizations.