Finance And Accounting Associate

Name: Finance and Accounting Associate
Brand: Skillfloor
SKU: 40
Rating: 4.9 (461 reviews)

SF-FA-ACCE-2312

(461 Reviews)

Accounting skills: Master fundamental concepts, principles, and practices essential for a successful career in accounting.
Career opportunities: Open doors to a wide range of career paths including financial analyst, auditor, tax accountant, and more.
Gain practical experience: Apply classroom knowledge in real-world settings through one-month internships with leading firms and organizations.

Overview

The Finance and Accounting Associate course by SkillFloor is crafted to provide a deep understanding of both financial management and accounting principles. This course covers essential topics such as financial reporting, accounting standards, financial analysis, and regulatory compliance, offering learners a well-rounded education in managing company finances and maintaining accurate financial records. Through a mix of theory and hands-on exercises, participants will be able to analyze financial data, prepare reports, and ensure adherence to accounting regulations.

Ideal for individuals aiming to excel in finance or accounting roles, this course focuses on practical knowledge that can be applied in real-world business environments. Whether you're an aspiring accountant, financial analyst, or business owner, the Finance and Accounting Associate course equips you with the tools to handle financial and accounting tasks efficiently, ensuring the financial health and compliance of an organization.

~~₹60,000~~

₹14,900

Course Duration

5

Internship

1-month Unpaid

Live Training

Yes

Career Assistance

Yes

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Course Highlights

Introduction to Accounting: Learn the basics of accounting principles and terminology.
Financial Statements: Understand how to prepare and interpret financial statements like balance sheets and income statements.
Bookkeeping Essentials: Master the fundamentals of bookkeeping, including recording transactions and maintaining ledgers.
Budgeting and Forecasting: Explore techniques for creating budgets and forecasting future financial performance.
Taxation Basics: Gain insights into the basics of taxation, including tax laws and regulations.
Cost Accounting: Dive into cost accounting principles to analyze and control costs within a business.
Auditing Principles: Learn about auditing procedures and techniques for ensuring financial accuracy and compliance.
Managerial Accounting: Understand how managerial accounting helps with decision-making within an organization.
Financial Analysis: Explore methods for analyzing financial data to assess performance and make informed decisions.
Ethics in Accounting: Discover the importance of ethical considerations in accounting practices and professional conduct.

Top 10 reasons

Essential Business Knowledge: Acquire a fundamental understanding of accounting concepts, which is necessary for every business or organization to manage finances and make sound decisions.
Career Options: Provide access to a wide range of job options in finance, accounting, and allied industries, where there is a high demand for individuals with accounting knowledge.
Financial Literacy: Learn how to handle your own money, choose wisely when making investments, and comprehend financial reports and statistics.
Business Operations: Recognise how resource allocation, evaluation of performance, strategic planning, and decision-making are supported by accounting data.
Compliance and Regulation: Gain knowledge of the laws, rules, and moral precepts that control company dealings and financial reporting.
financial resources: Gaining expertise in forecasting and budgeting will help you control and divide financial resources wisely, promoting stability and expansion of your finances.
Acquire knowledge: Acquire knowledge of tax rules and regulations to guarantee adherence and enhance tax tactics for both people and enterprises.
risk management: Comprehend the application of accounting concepts in risk assessment and management to mitigate financial risks and protect assets.
Auditing Skills: Gain knowledge of auditing processes and methods to assess the dependability and correctness of financial data, guaranteeing accountability and transparency.
Professional Development: To improve employment chances and earning potential, prepare for professional certifications such as CPA (Certified Public Accountant) or CMA (Certified Management Accountant).

Syllabus

Definition and scope of accounting.
Accounting principles and conventions.
The accounting equation and double-entry bookkeeping.

Introduction to financial statements: Balance Sheet, Income Statement, and Cash Flow Statement.
Understanding assets, liabilities, and equity.
Revenue and expense recognition.

Journal entries and the general ledger.
The trial balance and adjusting entries.
Closing entries and the post-closing trial balance.

Accounts receivable and allowance for doubtful accounts.
Accounts payable and managing payables.
Inventory management and cost of goods sold.

Managing cash and cash equivalents.
Principles of internal controls.
Bank reconciliations and petty cash.

Fundamentals of payroll accounting.
Employer obligations and payroll taxes.
Recording and reporting payroll transactions.

Overview of taxation principles relevant to accounting.
Corporate and individual tax considerations.
Tax implications of business decisions.

Ratio analysis and financial statement analysis.
Budgeting basics and forecasting.
Introduction to managerial accounting.

Ethical considerations in accounting.
The role of corporate governance in financial reporting.
Regulatory bodies and frameworks (e.g., GAAP, IFRS).

FAQ

Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization.

Accounting is important because it helps businesses track their financial performance, make informed decisions, comply with legal requirements, attract investors, and plan for the future.

The main types of accounting include financial accounting (for external reporting), managerial accounting (for internal decision-making), tax accounting (for tax compliance), and auditing (for verifying financial information).

Financial accounting focuses on reporting financial information to external stakeholders (such as investors and regulators), while managerial accounting focuses on providing information to internal managers for decision-making purposes.

Financial statements are reports that summarize a company's financial performance and position, including the income statement, balance sheet, statement of cash flows, and statement of shareholders' equity.

The income statement shows a company's revenues, expenses, and net income or loss over a specific period, typically a month, quarter, or year.

The balance sheet shows a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial position.

Finance And Accounting Associate

Overview