This class helps learners understand accounting basics, make reports, keep records, and gain skills to become a good accountant.
Best practice on Corporate Accounts and Finance (Upcoming)
🕒 Duration: 2-3-Days (12-24 Hours)
(Can be extended to 1 days with practical case studies and exercises)
📘 Training Modules (May be modified)
Module 1: Role & Mindset of a Professional Accountant
1 The evolving role of an accountant in modern business.
2 Core qualities: accuracy, confidentiality, integrity, and analytical thinking.
3 Time management and attention to detail.
4 Developing a “problem-solving” rather than “record-keeping” mindset.
🧩 Activity: Self-assessment – “Where do I stand as an accountant?”
Module 2: Mastering Accounting Fundamentals
1 Accounting cycle: Journal → Ledger → Trial Balance → Financial Statements.
2 Understanding Chart of Accounts & double-entry principles.
3 Key financial statements:
- i) Income Statement
- ii) Balance Sheet
iii) Cash Flow Statement
4 Reconciliation techniques (Bank, Supplier, Customer).
📊 Practical: Recording transactions and preparing a mini trial balance.
Module 3: Tax and VAT Knowledge for Accountants
1 Overview of Income Tax Ordinance, 1984 and VAT Act, 2012.
2 How to prepare and submit:
- i) VAT Return (Mushak-9.1)
- ii) Tax Return (IT-11GA/Section 75A)
3 Withholding Tax (TDS/AIT) and VAT Deducted at Source (VDS).
4 Common audit issues and how to avoid NBR penalties.
🧾 Case Study: Checking compliance errors in VAT & TDS documents.
Module 4: Financial Reporting & Analysis
1 Preparing year-end accounts and closing entries.
2 Understanding IFRS/IAS basics and their importance.
3 Ratio Analysis for performance review.
4 Presenting financial information to management effectively.
📈 Exercise: Interpret financial ratios from a sample report.
Module 5: Best Practices in Internal Control & Audit
1 Internal control systems — segregation of duties, approval hierarchy.
2 Common fraud areas and how to detect irregularities.
3 Preparing for external audits — required schedules and documentation.
4 Maintaining compliance files for easy audit reference.
🧮 Checklist: “Pre-Audit Preparation List for Accountants.”
Module 6: Soft Skills for the Best Accountant
1 Basic Operations Handling Techniques
2 Treasury management system
3 Inventory management system
4 Supply chain management system
5 Customer/Supplier/Party Dealing Techniques
6 Banking Formalities Management
7 Letter of Credit management system
8 Customs management system
9 Bond Management System
10 Audit team interaction skills development
11 Higher Management Interaction Skills development
12 Risk Awareness & Responsibility Management
13 Professional communication & presentation skills.
14 Writing effective emails and reports.
15 Ethical decision-making in finance roles.
16 Teamwork and leadership within the accounts department.
💬 Activity: Communication roleplay – explaining financial data to non-finance staff.
Module 7: Digital & Modern Accounting Tools
1 Importance of automation and digital records.
2 Overview of popular accounting software:
Tally ERP / QuickBooks / Xero / SAP
3 Cloud-based accounting and e-filing.
4 Data backup and cyber security awareness.
💻 Demo: How to automate journal entries in Tally or Excel.