Learn About Accounting / Bookkeeping in Singapore
Even before you purchase an accounting software such as MYOB, Xero, Freshbooks, Quickbooks or Quickbooks Online), it is definitely a must for you to be well-versed with the basics of accounting. This is to deter yourself from making accounting errors while entering your accounts transactions. This is why we are here to provide professional accounting courses that is available to all business owners as well as for their non-accounts trained staff in Singapore. Our accounting short courses in Singapore are hands-on sessions, consisting of working examples that is easily understood by all trainees and we offer accounting course from 9.30 am to 5.30 pm on weekdays for 2 full days.
What Can You Learn From our 2 Days Accounting Course?
You can learn the important aspects of the accounting or book keeping in Singapore, learning how to outline the accounting principles properly.
Our professional instructors are able to explain and simplify the difficult accounting terms for all participants. This course is specially designed to help all people understand about the data transformation in their accounting systems.
You can learn how to manage all documents, including preparation of balance sheet and income statement easily. All participants can also learn how to prepare simple accounts before setting them up for managing the business after the 1st day’s class. In the intermediate level, we teach about how to go about doing the company’s bank reconciliation, concepts of prepayments and accruals. In the advanced level, we teach participants to analyse the company’s performance, liquidity using accounting ratios, payroll accounting, tax adjustments, and correction of errors which are important to all businesses.
Why Should You Choose Our Accounting Course?
1. Easily accessible location.
2. Combine the theory with many hands-on classroom practices.
3. Small class size for full attention.
4. Affordable accounting course for non-accounts trained company staff (Local or Foreign).
5. Affordable accounting course for senior management (Local or Foreign).
6. Certificate of Attendance will be issued at the end of the course.
7. Qualified and Professional Chartered Accountant Trainer.
Contact our company today on anything about our course. We have professional customer care representatives ready to answer your queries.
Course registration process can be done via online application and online payment gateway.
Accounting Course (Each Level)
Note: Please be informed to bring the stationery below for the accounting course
1. Calculator
2. Long Ruler
3. Highlighters
4. Foolscap paper
5. Pencil and pens
We wish to highlight that dates may be subjected to changes without notice.
Classes will be postponed if there are less than 6 participants.
We can also arrange a close class specially for your company as long as you have a minimum of 6 participants.
We only accept payments transacted in Singapore Dollars and all payments are neither exchangeable nor refundable for other items.
SkillsFuture Covers 100% of Course Fees (Self Sponsored)
- Getting to know the different kinds of business structure
- Learn the accounting equation and the accounting process
- Have a better overview on what is Double Entry – the most important module in accounting
- Interpret debits and credits
- Develop the general ledger and general journal
- Necessary Reports: How to Prepare Company’s Statement of Financial Position, Trial Balance and Income Statement
- Bookkeeping Methodology: Have a clearer insight on what your accountant is doing and how they usually organize their documents
Bank Reconciliation procedures and methodology
- Understand the reason for the difference between your bank statement and bank account.
- Taught on concepts of permanent and timing differences.
- Know the common types of things that cause differences between bank statement and bank account.
- Illustrate the two formats of bank reconciliation statement.
- Shown a working method to perform bank reconciliation.
- Hands on practice
Adjusting for Prepayments and Accruals
- Understand the difference between accrual accounting and cash accounting.
- See the difference it makes to your income statement.
- Accounting entries to make the necessary adjustments to your accounts, in order to show an unbiased view.
Derive Bad and Doubtful Allowances
- Distinguish between bad debts and doubtful debts.
- Understand the various terminology and concepts.
- Hands on practice on making adjustments.
Setting preferences to control the behaviour of MYOB
- Stop users from editing transactions when entered.
- Prevent transactions from entering into the wrong period.
Accounting for Non-current Assets: to reflect in your income statement and statement of financial position:
- Acquisition of non-current assets.
- Depreciation methods and accounting policy.
- Shown how to combine all the information together using Fixed Assets register.
Ratio Analysis: Profitability, Liquidity, Capital Structure, Efficiency Ratio – Use Ratio Analysis to view the financial performance of the business
- Dissect the business to learn about what the numbers are telling you
- Learn the interrelationship between the income statement, statement of financial position and statement of cash flows
- Learn the various formulas that make up the ratios, and their meanings
Payroll Accounting using the Double Entry concept for CPF, CDAC – Regarding employees’
benefits and compensation, and relevant taxes
- Accounting for Salaries, CPF, CDAC
- Accruing for Salaries and CPF payable
Learn more about how to compute Income Tax Adjustment for your business – The amount your business owes the government
- Providing for income tax payable in the accounts
- Adjusting for under/ over provision for prior years
Loan and Hire Purchase – Most employers use Loan and Hire Purchase to finance their
purchase of company equipment and commercial property
- Recording the correct amount into assets and borrowings
- Calculating interest expense using the effective interest rate method, in line with the relevant Financial Reporting Standards
- Allocating outstanding amounts into current and non-current liabilities
- Bookkeeping entries for the above
Learn how to go about the process of Correction of Errors
- Learn about the types of errors that is commonly made
- Error of Omission
- Error of Commission
- Compensating Error
- Error of Reversal
- Error of Principle
- Error of Original Entry
- Bookkeeping entries to correct the above errors
- Bookkeeping entries to correct the above errors
Please email admin@mocdstudio.com for training schedules.
International Plaza – Beside Tanjong Pagar MRT