Financial Accounting and Taxation Training Course

Course Objectives
On successful completion of Financial Accounting & Taxation Course, participants shall be able to:
• Gather the vast knowledge of accounting for solving intricate and complex problems through financial statements
• Get to recognise the detailed structure of accounting management in a business organization
• Work in capacities surrounding taxation, accounting, finance, marketing and much more
• Have the ability to analyse data, calculation and basic understanding of different types of taxation and the latest taxation laws
COURSE OUTLINE
FINANCIAL ACCOUNTING
• Accounting Conventions
• Accounting Policies
• Revenue Recognition
• Worldcom / Enron Scandals
• International Accounting Standards (IAS)
• International Financial Reporting Standards (IFRS)
FINANCIAL REPORTING
• Components of Financial Reports
• Balance Sheet
• Profit & Loss Statement
• Statement of Cash Flow
• Statement of Changes in Equity
• Accompanying Notes to the Accounts
• Ratio Analysis
• Vertical Balance Sheet & P&L Statement
• Horizontal Balance Sheet & P&L Statement
• DuPont Model
TAXATION
• Income v/s Taxable Income
• Income Tax
• Corporation Tax
• Value Added Tax
• Customs & Excise Duty
• Timing Difference & Deferred Tax
WORKING CAPITAL CONTROL
• Inventory Control
• Accounts Receivable
• Accounts Payable
• Reconciliation of Sub-ledgers
• Other Current Assets & Current Liabilities
ENTERPRISE RESOURCE PLANNING (ERP)
• Sales
• Bill of material
• Material Management
• Procurement
• Production
• Finance
CAPITAL EXPENDITURE
• Capital Investment Appraisal
• Return on Investment
• Payback period
• Net Present Value
• Internal Rate of Return
• Lease or Buy Decisions
• Tax Implications thereof
BUDGET PROCESS AND MANAGEMENT
• Preparation of Master Budget
• Fixed v/s Flexible Budgets
• Quarterly Reviews
• Forward Planning
• Budget/ Actual Comparison
• Zero Based Budgets

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.
DATE:
1ST BATCH: 25th – 28th Feb, 2025
2ND BATCH: 19th – 22nd Aug, 2025