Courses - AICPE

Course Syllabus

Course Title: Financial Accounting (Skill Development Course)

Duration: 1 Year (Part-Time)

Course Objectives:

Provide students with comprehensive knowledge and practical skills in financial accounting.
Teach students the principles of Generally Accepted Accounting Principles (GAAP) and accounting systems.
Develop proficiency in accounting processes, standards, and reconciliation techniques.
Prepare students for self-employment opportunities and career growth in accounting and finance.
Highlight the importance of financial accounting skills in various industries, including India's business sector.

Course Overview: This 1-year part-time Financial Accounting Skill Development Course is designed to empower Indian students with a deep understanding of financial accounting principles and practices. The curriculum covers various aspects of accounting, financial statement preparation, and specialized accounting for different sectors. The course can be adapted to accommodate learners with varying levels of prior knowledge and can be customized to meet specific learner or location requirements.

Course Teaching Methodology:

Classroom Instruction: Theory and concepts related to financial accounting.
Hands-On Practical Training: Students will practice accounting procedures and financial statement preparation.
Demonstrations: Instructors will demonstrate accounting principles and practices.
Group Projects: Collaborative accounting projects and real-world problem-solving exercises.
Individualized Guidance: Instructors will provide one-on-one guidance to address specific learner needs.

Importance for Learner in Career Growth and Self-Employment:

Graduates of this course will be well-prepared for careers as accountants, financial analysts, or finance managers.
It provides a strong foundation for self-employment opportunities as students can offer accounting and financial consulting services to businesses.
Offers potential for career growth in India's diverse business and finance sectors.

Course Contents:

Module 1: Generally Accepted Accounting Principles & Accounting Systems

Introduction to GAAP
Accounting systems and principles

Module 2: Accounting Process

Double-entry bookkeeping
Journal entries and ledger accounts
Trial balance

Module 3: Accounting Standards

Introduction to accounting standards
Compliance with Indian accounting standards

Module 4: Reconciliation Statements

Bank reconciliation statements
Debtors and creditors reconciliation

Module 5: Preparation of Accounts

Final accounts preparation
Adjusting entries and closing entries

Module 6: Accounting for Depreciation, Depletion, Amortization, and Impairment of Assets

Methods of depreciation
Accounting for intangible assets

Module 7: Preparation of Financial Statements

Income statement and balance sheet preparation
Cash flow statement

Module 8: Partnership

Accounting for partnership firms
Distribution of profits and losses

Module 9: Branch and Departmental Accounts

Accounting for branches and departments
Interbranch transactions

Module 10: Royalty and Hire-Purchase

Accounting for royalty payments
Accounting for hire-purchase transactions

Module 11: Control of Accounting Systems

Internal controls and audit trails
Fraud prevention and detection

Module 12: Self-Balancing Ledgers and Sectional Balancing Ledgers

Self-balancing ledgers
Sectional balancing ledgers

Module 13: Accounting in Service Sectors

Accounting for service-based businesses
Service tax and accounting treatment

Module 14: Accounting for Special Transactions

Accounting for amalgamation and absorption
Accounting for buyback of shares

Module 15: Accounting for Banking, Electricity, and Insurance Companies

Specialized accounting for banking, electricity, and insurance sectors
Regulatory compliance and reporting

Note: The course content can be adjusted to meet specific learner requirements or regional variations.

Upon successful completion of this Financial Accounting Skill Development Course, students will have the knowledge and practical skills necessary for a fulfilling career in accounting and finance or the ability to start their own self-employment ventures in financial consulting. This course provides a strong foundation for individuals seeking opportunities in India's diverse business and finance industries.