This programme can run as an online or classroom training

(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.