Financial Accounting and Taxation Training

Empower your teams with expert-led on-site/in-house or virtual/online Financial Accounting and Taxation Training through nuancedu, a premier…

Nuancedu
0
0
(0)

Empower your teams with expert-led on-site/in-house or virtual/online Financial Accounting and Taxation Training through nuancedu, a premier Financial Accounting and Taxation training company for organizations globally. Our customized training program equips your employees with the skills, knowledge, and cutting-edge tools needed for success. Designed to meet your specific training needs, this Financial Accounting and Taxation group training program ensures your team is primed to drive your business goals. Transform your workforce into a beacon of productivity and efficiency.

Financial Accounting and Taxation is the systematic process of recording, analyzing, and reporting an organization’s financial transactions and tax obligations. It is essential for maintaining precise financial records and ensuring regulatory compliance. It is vital for organizations as it aids in strategic decision-making, risk management, and legal adherence, safeguarding financial integrity and enhancing operational efficiency. Financial Accounting and Taxation training course equips employees with advanced financial management skills, enabling them to contribute effectively to the organization’s financial health and compliance.

nuancedu instructor-led Financial Accounting and Taxation training course, facilitated by industry experts with years of hands-on experience, is delivered through virtual/onsite formats. The course offers a tailored curriculum, practical insights, and customizable modules to suit diverse organizational needs. Employees gain proficiency in financial reporting, tax planning, and compliance strategies, empowering them to contribute effectively to their organization’s regulatory requirements.

What Will You Learn?

Apply accounting conventions and policies to maintain precise and consistent financial records in professional practice
Analyze financial statements to provide insights and support strategic decision-making processes within the organization
Develop effective revenue recognition methods to ensure compliance with financial reporting standards and enhance financial transparency
Evaluate the impact of major financial scandals like Worldcom and Enron to improve corporate governance and ethical standards in financial reporting
Implement International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) to align with global financial reporting practices and enhance international business operations

Course Curriculum

Financial Accounting
1.Accounting conventions Definition and importance Types of accounting conventions Consistency convention Prudence convention Materiality convention Application in financial statements 2.Accounting policies Definition and purpose Selection of accounting policies Changes in accounting policies Disclosure of accounting policies 3.Revenue recognition Principles of revenue recognition Methods of revenue recognition Revenue recognition under IFRS and IAS Impact of revenue recognition on financial statements 4.Worldcom / Enron scandals Overview of the Worldcom scandal Overview of the Enron scandal Impact on accounting practices and regulations 5.International Accounting Standards (IAS) History and development of IAS Key IAS standards Application and compliance with IAS Differences between IAS and national accounting standards 6.International Financial Reporting Standards (IFRS) Introduction to IFRS Importance of IFRS in global financial reporting Major IFRS standards *Transition from IAS to IFRS

Financial Reporting
1.Components of financial reports Overview of financial reports Importance of financial reporting Users of financial reports Structure of financial reports 2.Balance sheet Definition and purpose Components of a balance sheet Classification of assets and liabilities Analysis of the balance sheet 3.Profit & loss statement Definition and purpose Components of a profit & loss statement Revenue and expense recognition Analysis of profit & loss statement 4.Statement of cash flow Purpose and importance Components of cash flow statement Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities 5.Statement of changes in equity Purpose and components Share capital and reserves Retained earnings Analysis of changes in equity 6.Accompanying notes to the accounts Purpose and importance Types of notes Disclosure requirements Analysis of notes to the accounts 7.Ratio analysis Definition and purpose Types of financial ratios Liquidity ratios Profitability ratios Efficiency ratios Solvency ratios 8.Vertical balance sheet & P&L statement Definition and purpose Format of vertical balance sheet Format of vertical P&L statement Analysis using vertical statements 9.Horizontal balance sheet & P&L statement Definition and purpose Format of horizontal balance sheet Format of horizontal P&L statement Comparative analysis using horizontal statements 10.DuPont model Introduction to DuPont analysis Components of DuPont model Application of DuPont model in financial analysis *Benefits of DuPont analysis

Taxation
1.Income vs. Taxable income Definition of income Definition of taxable income Differences between income and taxable income Calculation of taxable income 2.Income tax Overview of income tax Types of income tax Calculation of income tax Filing income tax returns 3.Corporation tax Definition and purpose Calculation of corporation tax Corporation tax rates Filing corporation tax returns 4.Value Added Tax (VAT) Introduction to VAT Calculation of VAT VAT rates and exemptions Filing VAT returns 5.Customs & excise duty Overview of customs duty Overview of excise duty Calculation of duties 6.Timing difference & deferred tax Definition of timing differences Concept of deferred tax Calculation of deferred tax *Accounting for deferred tax

Working Capital Control
1.Inventory control Importance of inventory control Methods of inventory control Inventory valuation techniques Inventory management systems 2.Accounts receivable Definition and importance Management of accounts receivable Credit policies and terms Collection strategies 3.Accounts payable Definition and importance Management of accounts payable Payment terms and policies Strategies for optimizing accounts payable 4.Reconciliation of sub-ledgers Purpose of reconciliation Types of sub-ledgers Reconciliation process Importance of accurate reconciliation 5.Other current assets & current liabilities Definition of current assets Definition of current liabilities Management of other current assets Management of other current liabilities

Enterprise Resource Planning (ERP)
1.Sales Role of ERP in sales management Sales order processing Integration with CRM Sales reporting and analysis 2.Bill of material Definition and importance Components of bill of material Creation and management in ERP Integration with production planning 3.Material management Overview of material management Inventory management in ERP Procurement and sourcing Warehouse management 4.Procurement Role of ERP in procurement Supplier management Purchase order processing Procurement reporting and analysis 5.Production Production planning in ERP Manufacturing execution systems Quality control and assurance Production reporting and analysis 6.Finance Financial management in ERP General ledger accounting Accounts payable and receivable Financial reporting and analysis

Capital Expenditure
1.Capital investment appraisal Definition and importance Methods of investment appraisal Risk assessment in investment appraisal Decision-making process 2.Return on Investment (ROI) Definition and calculation Importance of ROI Analysis of ROI Application in decision-making 3.Payback period Definition and calculation Importance of payback period Analysis of the payback period Application in investment decisions 4.Net Present Value (NPV) Definition and calculation Importance of NPV Analysis of NPV Application in capital budgeting 5.Internal rate of return (IRR) Definition and calculation Importance of IRR Analysis of IRR Application in investment appraisal 6.Lease or buy decisions Factors influencing lease or buy decisions Financial analysis of leasing vs buying Tax implications of leasing vs buying Decision-making criteria 7.Tax implications thereof Tax treatment of capital expenditures Depreciation and amortization Tax credits and incentives Impact on financial statements

Budget Process and Management
1.Preparation of master budget Definition and components Steps in preparing a master budget Coordination among departments Monitoring and updating the master budget 2.Fixed vs. flexible budgets Definition and differences Advantages and disadvantages Application in different scenarios Analysis and comparison 3.Quarterly reviews Purpose of quarterly reviews Process of conducting quarterly reviews Adjustments and revisions Reporting and analysis 4.Forward planning Importance of forward planning Techniques for forward planning Integration with strategic goals Monitoring and updating forward plans 5.Budget/actual comparison Purpose of budget/actual comparison Methods of comparison Analysis of variances Reporting and corrective actions 6.Zero-based budgets Definition and concept Steps in preparing zero-based budgets Advantages and disadvantages Application in cost management

Student Ratings & Reviews

No Review Yet

No Data Available in this Section

Top Course

More Courses By Nuancedu

View All Course

Behaviroal Interpersonal skills Training

Self Awareness Training Course

The Self-Awareness Training Course is designed to help individuals develop a deeper understanding of their emotions, thoughts, and behaviors. By…

Nuancedu

$499.00 ~~$600.00~~

Behaviroal Interpersonal skills Training

Risk Taking Training Course

The Risk-Taking Training Course is designed to help individuals develop the confidence and mindset needed to take calculated risks in…

Nuancedu

$499.00 ~~$600.00~~

Logistics Training Management

Air Cargo Revenue Optimization Training

This instructor-led training program is meticulously designed for professionals involved in air cargo operations, focusing on maximizing profitability through strategic…

Nuancedu

$499.00 ~~$600.00~~