Final Accountants Training ( Be a Lead Accountant Manager)

Final Accounts Training (Be a Lead Accounts Manager)

Financial Analyst

Equip Yourself with Advance accounting & management Skills

The role of a Lead Accounts Manager is pivotal to the financial health and operational efficiency of any organization. Lead Accounts Manager is integral to the financial success and sustainability of an organization. By overseeing financial operations, ensuring compliance, guiding strategic planning, and leading the accounting team, they contribute significantly to the overall health and growth of the business.

Readymade Accountants

Course Modules:

01 Setup of Chart of Accounts:

Creation and organization of a systematic listing of all general ledger accounts used by an organization.

02 Treatment of Opening Balance:

Process of incorporating the balances of assets, liabilities, and equity accounts from the previous accounting period into the current period’s financial records.

03 Preparing Final Trial Balance:

Compilation of all ledger account balances to ensure the equality of debit and credit balances, serving as the basis for preparing financial statements

04 Fixed Assets Register (FAR):

Comprehensive record of all fixed assets owned by a company, including details such as acquisition cost, depreciation method, and useful life.

05 Depreciation Accounting:

Process of allocating the cost of a fixed asset over its useful life, typically using methods such as straight-line depreciation or reducing balance method.

06 Financial Preparation:

Compilation of financial statements, including the income statement, balance sheet, and cash flow statement, to provide an overview of the company’s financial performance and position.

07 Financial Consolidation:

Aggregation of financial information from multiple entities within a group to produce consolidated financial statements that reflect the group’s overall financial position.

08 Preparing Closing Entries:

Recording of adjusting and closing entries at the end of an accounting period to transfer temporary account balances to permanent accounts and reset revenue and expense accounts for the next period.

09 Prepaid, Deferred Accounting:

- Accounting treatment for prepaid expenses and deferred revenue, involving the recognition of expenses or revenue over multiple accounting periods.

10 26AS Reconciliation with Books:

- - Reconciliation of TDS (Tax Deducted at Source) credits appearing in Form 26AS issued by the Income Tax Department with the books of accounts maintained by the taxpayer.

11 GST Outward and Inward Reconciliation with Books:

- - Reconciliation of GST (Goods and Services Tax) transactions recorded in the books of accounts with the GST returns filed with the tax authorities, ensuring accuracy and compliance.

11 TDS/TCS Reconciliation with Books:

- - Reconciliation of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) amounts deducted or collected by the taxpayer with the amounts recorded in the books of accounts.

11 Audit Adjustment Entries:

- - Adjustments made during the audit process to correct errors, omissions, or discrepancies identified in the financial statements.

Start Your Journey to Becoming a Lead Accounts Manager

Are you ready to elevate your accounting career to the next level? Enrolling in the Readymade Accountants Institute’s Final Accounts Training Program is an excellent way to acquire the skills and knowledge needed to effectively manage overall accounting and regulatory compliance.

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