Course Details | Prowess ICT

Foreign Accounting

This course provides in-depth knowledge of advanced accounting processes, focusing on depreciation, lease and expense accounting, revenue recognition, and speci...

Mr. Mali

English

Certificate Course

0 Students

00h 00m

Course Overview

The Advanced Accounting Treatments course is designed to deepen your understanding of complex financial transactions and their proper accounting treatments in line with global standards. This comprehensive course is ideal for accounting professionals, finance students, and business owners who wish to gain expertise in managing advanced bookkeeping and reporting scenarios.

The course begins with a thorough study of Depreciation and Fixed Assets, explaining the criteria for capitalizing fixed assets, calculating depreciation, and accounting for accumulated depreciation. It then progresses into Lease Accounting, covering how to account for finance and operating leases under applicable standards.

You will also explore Expense Accounting, including the treatment of prepaid expenses, accrued liabilities, and their impact on financial statements. The course further dives into Revenue Recognition principles and Deferred Revenue, ensuring compliance with accounting standards such as ASC 606 or IFRS 15.

A dedicated section is provided for managing Payment and Settlement Accounts such as PayPal, Merchant Accounts, POS Accounts, and Un-deposited Funds, highlighting reconciliation techniques and cash flow considerations.

In the Loan Management module, you’ll learn how to handle Loan Accounts, calculate Loan Amortization, and track interest and principal repayments accurately.

Lastly, the course includes a specialized segment on US Payroll Accounting, offering insights into payroll components such as wages, taxes, deductions, and employer obligations, helping learners understand compliance with US payroll regulations.

By the end of this course, learners will be equipped with practical knowledge to confidently handle advanced accounting operations, improve financial accuracy, and support strategic financial decision-making in any organization.