Practical Accounting for B.Com/BBA – Level 2

Equip yourself with the knowledge of Key Accounting concepts, right up the preparation of Financial Statements and their first level analysis with Practical Accounting for B.Com / BBA - Level 2 from SoundBasics.

Course Description

The "Practical Accounting for B.Com / BBA - Level 2" course aims to equip aspiring accountants and finance professionals with a good grasp of Key Accounting concepts, right up the preparation of Financial Statements and their first level analysis . The B.Com and BBA programs offered by most universities cover a large number of Finance Topics – but most of them only at a surface level, with inadequate depth. Consequently, most of these students come across as unemployable, even for entry level accounting and commercial jobs. The SoundBasics course "Practical Accounting for B.Com / BBA - Level 2" can be pursued only by those students who have completed the Level 1 course. This course is aimed at building a solid base in Accounting, with a clear focus on equipping the students with industry relevant knowledge in Accounting and C... Read More »

The “Practical Accounting for B.Com / BBA – Level 2” course aims to equip aspiring accountants and finance professionals with a good grasp of Key Accounting concepts, right up the preparation of Financial Statements and their first level analysis . The B.Com and BBA programs offered by most universities cover a large number of Finance Topics – but most of them only at a surface level, with inadequate depth. Consequently, most of these students come across as unemployable, even for entry level accounting and commercial jobs.

The SoundBasics course “Practical Accounting for B.Com / BBA – Level 2” can be pursued only by those students who have completed the Level 1 course. This course is aimed at building a solid base in Accounting, with a clear focus on equipping the students with industry relevant knowledge in Accounting and Controlds

The course lays a lot of stress on the fundamentals, before moving on to cover advanced topics like the preparation of Financial Statements and their first level analysis. The course contains the unique Event Handling Drills that helps the student to do a 360 degree transaction processing of any business event. It helps the student to develop an ‘eye for detail’ and takes him/her as close as possible to a real life situation.

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Course Details:

Prerequisites

Participants should have completed Practical Accounting for B.Com/BBA - Level 1 before taking this course.
Certificate Info:

Type of Certification

Certificate of Completion

Format of Certification

Digital

Method of Obtaining Certification

When a learner completes the courses he will automatically be taken to a 'request for certificate' page. The learner will receive a 'Course Completion Certificate' once he/she completes the course.

Course Outline

  • Understand Adjusting Entities and the Closing Process
  • Preparation of the P&L Statement & Balance Sheet
  • Valuation of Inventory
  • Preparation of the P&L Statement & Balance Sheet
  • Understanding Cost vs Expense
  • Components of Manufacturing Costs
  • Significance of Direct & Indirect Costs and Overheads
  • Meaning of Capital & Revenue Expenditure
  • Understanding the impact of Capital & Revenue Expenditures on the P/L Statement
  • Profitability Ratios
  • Liquidity & Solvency Ratios
  • Need and Purpose of a CashFlow Statement
  • Preparation of a CashFlow Statement
  • Introduction to the Purchase Process
  • Ordering / Receiving
  • Vendor Payments
  • Purchase Returns
  • Receipt of Customer Orders
  • Order Execution, Invoicing & Collection
  • Sales Returns
  • Recording the Transaction
  • Identify P/L Impact
  • Identify CashFlow Impact
  • Identify Control Concerns
  • Identify Compliance Concerns

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