Final Accounts: Fast Closing Monthly and Year-End Accounting
Details
To take participants through the nitty-gritty of preparing final accounts and other periodic (weekly, monthly, annual) financial statements.
Outline
* Accounting Process
Recording Transactions
Balancing the Accounts
Preparing Trial Balance
* Finalization of Accounts
Journalizing adjustment entries
Passing the closing or transfer entries
Preparing Financial Statements
* Reconciliation of Books
Reasons for reconciling the books
Procedure or steps for reconciliation
* Inventory Accounting
Inventory Accounting Systems
Inventory Valuation Methods
Inventory and its impact on Financial Statements
* Depreciation Accounting
The Methods of Depreciation
Accounting for Depreciation
Depreciation and its impact on Cash flow and income tax
* Preparing Final Accounts
The Profit and Loss Account
The Income and Expenditure Account
Graphic Illustrations i.e. Bar Chart, Pie Charts and Graphs
* Preparation for the Auditor
Incorporating Pre & Post Audit Adjustment
Audit Committee Relationships
Directors and Auditors Responsibilities
Corporation Tax
Adjusted Profits
Tax Incentives
Capital Allowance
Basis periods for Continuing Business
FOR WHOM: Directors, Accountants, Auditors and others who perform related functions in the Public and Private Sectors.
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.
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