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Financial Accounting & Reporting

Most finance posts require hands-on and in-depth understanding and knowledge of accounting systems and its capabilities. Candidates should develop the ability to promptly extract requisite details from accounting systems for stakeholders who use the accounting information provided through financial reporting. Financial Reporting has to be in line with statutory requirements and applicable accounting standards. MIS reports are also generated to facilitatemanagerial decision-making.

Accounting Information Systems (AIS) combine the study and practice of accounting with the design, implementation, and monitoring of information systems. Such systems use modern information technology resources together with traditional accounting controls and methods to provide users the financial information necessary to manage their organizations.

Management Information Systems [MIS] are interactive human/machine systems that support decision making for users both in and out of traditional organizational boundaries. These systems are used to support an organization's daily operational activities; current and future tactical decisions; and overall strategic direction. MISs are made up of several major applications including, but not limited to, the financial and human resources systems.

Financial Analysis refers to the assessment of a business to deal with the planning, budgeting, monitoring, forecasting, and improving of all financial details within an organization. It also helps in understanding the viability, stability and profitability of a business, sub-business or project.

It is important to analyze the financial health of an organization in order to avoid risks. One of the most common ways of analyzing financial data is to calculate Ratios and Key Performance Indicators [KPIs] from the data to compare against those of other companies or against the company's own historical performance. For instance, Return on Assets [ROA] is a common ratio used to determine how efficiently a Company is at using its assets and as a measure of profitability. This ratio could be calculated for several similar companies and compared as part of a larger analysis.

Our course module includes:-

• Accounting and MIS layout and requirements,
• Wealth Management services – asset classes and features,
• Financial analysis – ratio, trend and sensitivity analysis,
• Computerized Accounting and ERP applications,&
• Industry overview and case study.