Course Description

This course describes the functions involved in the preparation and processing of routine financial documents, preparing journal entries, posting journals to ledgers, preparing, banking and reconciling financial receipts, extracting a trial balance and interim reports, reconcile and monitor financial accounts receivable systems, identify bad and doubtful debts and plan a recovery action and remit payments to sundry creditors.

This course is designed for individuals in all sectors of the financial services industry and to job roles such as account clerks, bookkeepers, BAS agents, payroll officers, accounts assistant, accounts payable and accounts receivable.

This course enhances the skills and knowledge in preparation and processing of routine financial documents, preparing journal entries, posting journals to ledgers, preparing bank reconciliations, reconciling financial receipts and extracting a trial balance and interim reports.

After successfully completing this course the candidates will be able to;

·check and verify supporting documentation,

·prepare and process banking and petty cash documents,

·prepare and process invoices for payment to creditors and for debtors,

·prepare journals and batch monetary items,

·post journals to the ledger and enter data into the system,

·prepare deposits and

·lodge flows and extract a trial balance and interim reports

·review the accounts receivable process,

·identify bad and doubtful debts,

·review compliance with terms and conditions and plan recovery action,

·prepare reports and file documentation,

·distribute creditors invoices for authorisation,

·remit payments to creditors and prepare accounts paid report and

·reconcile outstanding balances

Skills Covered

This course covers the following key areas:

·Introduction to Accounting and Business

·Introduction to Bookkeeping and Goods and Services Tax (GST)

·The Double Entry System

·Special Journals & Trial Balance

·Bank Reconciliation

·Petty Cash

·Subsidiary Ledgers & Control Accounts

·Managing Accounts Receivable

·Managing Accounts Payable 

Accredited Courses

FNSACC301 Process financial transactions and extract interim reports       

FNSACC302 Administer subsidiary accounts and ledgers