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Core Topics Covered:
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Understanding the role of a bookkeeper and the relationship between accounting elements
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Recording transactions in books of original entry (journals) and transferring them to ledgers using double-entry bookkeeping
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Preparing and balancing ledger accounts and extracting a Trial Balance
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Bank reconciliation statements to verify cash book and bank statements reconciliation
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Classification of income and expenditure into capital and revenue categories
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Recording daily transactions, purchases, sales, receipts, payments, and petty cash management
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Managing payroll and statutory deductions like PF, ESI, and TDS
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Preparing financial statements like profit & loss accounts and balance sheets
Students will practice with real-world case studies and accounting software to develop accuracy and efficiency in bookkeeping.
Auditing Course Details
This auditing module introduces students to auditing concepts, planning, and procedures crucial for verifying the accuracy of financial information.
Important Topics Include:
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Overview of auditing: definition, objectives, and differences between auditing and accounting
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Types of audits: statutory, internal, management, cost, and secretarial audits
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Audit planning: risk assessment, audit programme development, and working papers maintenance
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Vouching and verification of financial transactions, assets, and liabilities
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Internal controls evaluation: purpose, techniques, and internal check functions
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Audit evidence collection, substantive procedures, and documentation
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Understanding accounting and auditing standards and professional ethics
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Reporting: drafting audit reports and communicating findings
The course develops skills to evaluate financial statement reliability, detect errors or fraud, and conduct effective audits following professional standards.
Learning Outcomes
- Gain hands-on accounting system skills for bookkeeping and financial record preparation
- Understand and apply audit practices for financial accuracy and compliance
- Compile, analyze, and reconcile financial information for decision-making
- Prepare audit documentation and reports with professional ethics and standards
- Bridge theoretical knowledge with practical accounting and auditing applications