FINANCIAL ACCOUNTING - Specialization | 44 Course Series | 3 Mock Tests

About Accounting Course in Mumbai

Accounting Course in Mumbai Curriculum

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This course is strategically structured with the idea of getting insights into accounting right from the beginning of principles of accounting until the advanced and complex transactions like mergers, combinations, etc. Below is the section-wise summary of this course:

Accounting Foundation – Introduction to financial accounting and its basic terminology. Detailed explanation to income statement and explanation of each component of the income statement, each component of Balance sheet, Cash flow statement. Also detailed explanation and practice of methods of preparing cash flow statements.

Advanced Accounting – In-depth understanding of goodwill, the effect under IFRS, various methods to calculate goodwill, and a practical assignment. Explanation of the method used for accounting of merger, its accounting treatment under IFRS along with practical examples. Features of bonds and bond markets, calculation of present value and intrinsic value, journal entries along with practical problems. Concept of a branch and foreign branch, maintenance of books of accounts along with practical problems. Meaning of base currency, reference currency, direct/indirect quote, forward contracts, hedge contracts along with practical problems. Concept of deferred and current taxation, timing/temporary difference, permanent differences, the effect of revaluation of assets, etc. Introduction to leases, types of leases, accounting of leases, etc along with practical problems. Concept of special purpose entity, structure, purpose of creating, types of SPE, and accounting guidelines for SPE. Detailed overview of mergers and acquisition, its tax implications, employee compensation arrangement, along with other in-depth insights. Explanation of the concept of limited liability, related facts, and structure, LLP Vs LLC, etc. Importance of ownership in the corporate world, reporting requirement, consolidation/deconsolidation, computation of profit attributed, etc along with practical problems.

Cost Accounting –   Introduction to basic terms of costing along with important formulas. In detail discussion of cost sheet, job costing, batch costing, activity-based costing. Explanation of the most important topic of costing i.e, allocation of cost, profitability, and allocation of cost for a service department. Explanation to various type of cost with the intention to relevant/irrelevant, sunk cost, opportunity cost/gain, CVP analysis, decision making along with a variety of practical illustrations. Meaning of process, batch, job, joint product, by product, normal loss, and abnormal loss, spoilage, scrap, valuation of finished goods and work in progress, process cost vs job cost, etc.

Management accounting – Importance of cash budgeting, receivables management, payables management, working capital cycle and requirement

IFRS- In detail explanation of each IFRS along with practical world example and in detailed clarification of each concept along with disclosure requirements.

US GAAP – We look into US GAAP along with practical examples and illustrations. Also coverage of detailed disclosure requirements.

Accounting for Special Situations – Here we understand the investment market, collateral, and non-collateral securities, central clearinghouse, investment pools, etc. An in-depth explanation of the role of RBI and banks, the role played by repo rate and reverse repo rate, repo accounting transactions, and effect on the economy. Explanation of concepts like financial instruments, derivatives, hedge accounting, usage of derivatives in hedge accounting, types of hedges, etc. We also look at depreciation, methods of calculating depreciation, its impact in financials, and in tax calculations.

US GAAP 2020- Detailed explanation of each US GAAP 2020 along with the latest practical example of the corporate world and illustrations. Also coverage of detailed disclosure requirements.

Accounting Course in Mumbai – Certificate of Completion

FAQ’s- General Questions

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Why Should I Take Up this Course?

You need not go to any classroom for coaching at a specific time, this is an online course and you can study on your own by watching videos online, and you will not find a better course than this at such a reasonable price.

How this Course will help in my career?

Accounting knowledge is very much needed to incorporate. Being a person with a job in a finance background requires an in-depth understanding of accounting. This course will provide that capability and will help in pursuing a career with better growth.

I am New to finance world Can I take up this course?

Of course yes. The course is structured in such a manner, that layman will be able to learn right from the beginning covering golden rules of accounting till complex transactions like mergers and acquisitions.

Will I get any certificates for this course?

Of course yes, Post completion of all courses and after completing all the projects, you will get the certificate of completion.

Why should you take the Accounting Course in Mumbai?

Mumbai is the financial capital of India. All the corporate giants in India will have a presence in Mumbai. To get a job in Mumbai or to grow in this corporate, understanding of accounting and its impact in financial statements is very much essential. Being busy life in Mumbai and with so much of rush, to go at any location and to learn is very difficult. By opting for this course, one can watch the lectures at their comfortable time and can practice the project by taking the needed time. The only requirement is to have a laptop or computer with a good internet connection. You can log into the course and start your learning at any point in time. Also, the understanding of accounting standards and IFRS at such a reasonable rate will not be available in Mumbai.

What is Accounting Trend in Mumbai

As discussed earlier, being the financial capital of India, the requirement of knowledge of Indian GAAP, IFRS, and US GAAP Accounting is of utmost essential for all the corporates. With the knowledge of this course, one will get an edge above the other candidate in the interview process. The amount of knowledge and insight one will get from this course is unprecedented and cannot be measured in terms of money.

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