Handling Difficult Accounting Issues

Course Objectives

• Fully explain and de-mystify the concept of Deferred Taxation
• Decide criteria when a particular expenditure is a Capex or an OPEX
• Know the proper and practical way of preparing Capital Expenditure Budget with Payback and NPV analysis (including prioritizing projects)
• Develop skills of formulating Standard Cost (including use of Bill of Material) in real environment
• Understand fully and de-mystify accounting entries for Standard costing system (variance journal entries) which is often misunderstood
• Master inventory Accounting and how to manage it practically (Reconciliation templates: real life examples)
• Understand practical accounting entries for Hire purchase and leasing transaction in a company according to Accounting Standard

Target Audience

Accountants, Assistant Accountants, Accounting & Finance Executives, Accounts/Finance Clerk, all Financial Personnel dealing with journal entries

Course Modules

• Module 1: Deferred Taxation
• Module 2: Mastering Budget: Operating Expenditures (Opex)
• Module 3: Mastering Budget: Capital Expenditure (Capex)
• Module 4: Case Study: Capex Evaluation And Project Appraisal
• Module 5: Mastering Standard Costing
• Module 6: Mastering Standard Costing: Financial Systems
• Module 7: Practical Inventory Management
• Module 8: Mastering Hire Purchase And Leasing