Batch start date:
20th October 2025
Key Topics Covered:
| Topic | Page |
|---|---|
| Topic 1 : Introduction & Basics of Accounting | P: 02 |
| Topic 2: Accounts Payable | P: 02 |
| Topic 3: Accounts Receivable | P: 02 |
| Topic 4: Bank Reconciliation & Credit Card Reconciliation | P: 02 |
| Topic 5: GST Introduction and Application | P: 03 |
| Topic 6: Prepayments, Accruals & Provisions | P: 03 |
| Topic 7: Intercompany Reconciliation | P: 03 |
| Topic 8: Payroll Accounting | P: 03 |
| Topic 9: Tax Accounting & Filing | P: 04 |
| Topic 10: Introduction to Preparing Financial Reports | P: 04 |
| Topic 11: MYOB Training | P: 04 |
| Topic 12: XERO Training | P: 04 |
| Topic 13: MS Excel Training | P: 05 |
| Topic 14: Fixed Assets & Depreciation | P: 05 |
| Topic 15: Inventory Management | P: 05 |
| Topic 16: BAS other ATO obligations | P: 05 |
"The Journey of a thousand miles begins with one step" - Lau Tzu
Time Table
| Class days | Time | Duration |
|---|---|---|
| Monday & Tuesday (Evenings) | 6:30 PM - 9:30 PM | (3 + 3) Hours = 6 Hours |
course overview
TOPIC-1: Introduction & Basics of Accounting
- Computerised accounting system
- Ledger, trial balance, profit & loss, balance sheets
- Cash vs accrual accounting
- Flow of transactions and how it affect different accounts.
- Introduction to main accounting software in Australia;
- MYOB – installation of software in PC; different versions
- Xero – credentials, demo company
- Overview of MYOB and Xero
TOPIC-2: Accounts Payable
- Basics of managing invoices and payments
- Recording of invoices
- Statements from suppliers
- Making payments, batch payments
- Understanding payment terms and conditions
- Setting up accounts payable systems
- Managing vendor relationships
- Hands-on practice with real-life accounts payable scenarios
- Practical quizzes and tests on accounts payable
TOPIC-3: Accounts Receivable
- Creating invoices, credit limit
- Sending out statements, weekly/month end
- Setting up accounts receivable systems
- Techniques for tracking receivables
- Managing customer relationships
- Understanding credit policies and procedures
- Hands-on practice with real-life accounts receivable scenarios
- Practical quizzes and tests on accounts receivable
TOPIC-4: Bank Reconciliation & Credit Card Reconciliation
- Procedures for reconciling bank statements
- Procedures for reconciling credit card transactions
- Identifying and resolving discrepancies
- Best practices for maintaining accurate records
- Hands-on practice with real-life reconciliation scenarios
- Practical quizzes and tests on reconciliation
TOPIC-5: GST Introduction and Application
- Overview of Goods and Services Tax (GST)
- Practical applications of GST
- Understanding GST compliance and reporting
- Common GST errors and how to avoid them
- Hands-on practice with real-life GST scenarios
- Practical quizzes and tests on GST
TOPIC-6: Prepayments, Accruals & Provisions
- Understanding prepayments, accruals, and provisions topic 9
- Importance of accurate accrual accounting topic 9
- Managing and forecasting prepayments and provisions topic 9
- Real-life examples of accrual accounting topic 9
- Hands-on practice with real-life prepayments and provisions scenarios topic 9
- Practical quizzes and tests on prepayments, accruals, and provisions topic 9
TOPIC-7: Intercompany Reconciliations
- Handling transactions between subsidiaries and parent companies
- Setting up intercompany accounts
- Recording intercompany transactions
- Managing intercompany balances and reconciliations
- Hands-on practice with real-life intercompany arrangements
- Practical quizzes and tests on intercompany accounting
TOPIC-8: Payroll Accounting
- Detailed payroll processing
- Recording payroll transactions
- Ensuring compliance with payroll regulations
- Understanding payroll tax implications
- Hands-on practice with real-life payroll management scenarios
- Practical quizzes and tests on payroll accounting
TOPIC-9: Tax Accounting & Filing
- Fundamentals of tax accounting
- Managing tax-related entries
- Introduction to tax filing requirements and procedures
- Common tax accounting mistakes and how to avoid them
- Hands-on practice with real-life tax accounting and filing scenarios
- Practical quizzes and tests on tax accounting
TOPIC-10: Introduction to Preparing Financial Reports
- Identifying discrepancies and errors in financial reports
- Basics of financial statement preparation (Income Statement, Balance Sheet, Cash Flow Statement)
- Understanding the importance of financial reports in decision-making
- Techniques for analyzing financial reports
- Hands-on practice with real-life financial reporting scenarios
- Practical quizzes and tests on financial reporting
TOPIC-11: MYOB Training
- Introduction of MYOB accounting software
- Setting up and managing company accounts in MYOB
- Generating financial reports in MYOB
- Common issues and troubleshooting in MYOB
- Hands-on practice with successful implementation of MYOB
- Practical quizzes and tests on MYOB
TOPIC-12: XERO Training
- Introduction of XERO accounting software
- Setting up and managing company accounts in XERO
- Generating financial reports in XERO
- Common issues and troubleshooting in XERO
- Hands-on practice with successful implementation of XERO
- Practical quizzes and tests on XERO
TOPIC-13: MS Excel Training
- Essential Excel skills for accountants
- Data analysis and reporting in Excel
- Creating financial models in Excel
- Advanced functions and formulas useful in bookkeeping
- Hands-on practice with real-life Excel accounting scenarios
- Practical quizzes and tests on Excel for accounting
TOPIC-14: Fixed Assets & Depreciation
- Introduction to Fixed Assets and Depreciation
- Acquisition and Valuation of Fixed Assets
- Depreciation Methods
- Impact on Financial Statements
- Hands-on practice with real-life fixed asset and depreciation scenarios
- Practical quizzes and tests on fixed assets and depreciation
TOPIC-15: Inventory Management
- Introduction to Inventory
- Inventory Valuation Methods
- Recording Inventory Transactions
- Inventory Control Systems
- Hands-on practice with real-life inventory management scenarios
- Practical quizzes and tests on inventory management
TOPIC-16: BAS other ATO obligations
- Introduction to BAS
- Components of BAS
- Preparing and Lodging BAS
- Compliance and Reporting Requirements
- Hands-on practice with real-life BAS preparation scenarios
- Practical quizzes and tests on BAS
"The Journey of a thousand miles begins with one step" - Lau Tzu
Course Structure:
Fees
$2950
Duration
10 weeks
Weekly Hours
6 hours per week
