FINAL ACCOUNT & FINANCIAL REPORTING
Registrations are closed
Live-Online Training: N 145,125
Classroom Training: N 220,375
3 - 4 participants: 5% discount
5 or more participants: 10% discount
(Available also for Customised Training by Duration, Venue & Fee)
Course Contents
DAY ONE
Introducing the Components of Final Account
- Trading Account
- Production (Manufacturing) Account
- Profit and Loss Account
- Balance Sheet
Trading Account
- Opening Stock
- Purchases
- Direct Expenses
- Sales Account
- Closing Stock
- Profit
- Gross profit
- Operating profit
- Net profit
Production (Manufacturing) Account
- Raw Material
- Work-in-Progress
- Finished Product
- Raw Material Consumed
- Cost of Production
DAY TWO
Trading Profit and Loss Account
- Plus – Commission
- Interest
- Other incomes
- Less – Expenses
- Depreciation
- Interest payment
- Discounts
- Bad debts
Balance Sheet – Assets
- Fixed Assets
- Current Assets
- Cash and Cash Equivalents
- Intangible Assets
- Accounts Receivable
- Working Capital
Balance Sheet – Liabilities
- Current Liabilities
- Long-term Liabilities
Balance Sheet – Assets Grouping
- By Liquidity
- By Permanence
DAY THREE
Adjustments
- Adjustment Entries
- Accounting Treatment
- Reserves Fund
- Loss of Stock
- Free Samples.