Advanced Transactional Accounting with Xero
About This Course
Elevate your financial management skills with our Advanced Transactional Accounting with Xero course, specially designed for professionals seeking to expand their accounting proficiency. This comprehensive program will guide you through the powerful features of Xero's software, enabling you to streamline your accounting processes, automate transactions, and analyze financial data effectively.
Delve into advanced topics such as complex invoicing, budgeting, multicurrency transactions, and financial reporting, with hands-on exercises and real-world examples. Plus, take advantage of up to 70% WSQ funding subsidy to further your education. Enroll today and unlock your full potential in transactional accounting with Xero, while enjoying significant savings.
What You'll Learn
- prepare for transactional accounting and double-entry accounting.
- produce accurate financial statements and report with Xero.
- determine the impact of accounting standards on financial information.
Course Outline:
Topic 1 Prepare Accounting Treatments
• What is double entry accounting?
• Setting Up company & chart of accounts
• Setting up bank account
• Contact management
• Inventory management
Topic 2 Produce Financial Statements
• Managing sales transactions
• Managing purchase transactions
• Bank reconciliation
• Financial reporting and tracking
• Budget manager
Topic 3 Accounting Standards
• Overview of accounting principles and GAAP
• The accrual principle
• Impact of financial standards on financial statements
Entry Requirements
Knowledge and Skills
• Able to operate using computer functions
• Able to operate using computer functions
• Minimum 3 GCE ‘O’ Levels Passes including English or WPL Level 5 (Average of Reading, Listening, Speaking & Writing Scores)
Attitude
• Positive Learning Attitude
• Enthusiastic Learner
Experience
• Minimum of 1 year of working experience