Financial accountancy (or financial accounting) is the field of accountancy concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and other stakeholders.
The Finance and Accounting Certificate Program provides working professionals with the fundamentals of financial management.
This course duration is about three months and it including Accounting Fundamentals, Financial Accounting, Inventory Control using Tally, and Web Authoring. Students who have passed 10th class can apply for this course.
So you get double benefit in it you will able to deal in accounts and side by side you will learn something about web authoring tools.
This course also include Introduction of Book Keeping and Accounting, Accounting Cycle, Subsidiary and Cash Book, Computer Accounting, Final Accounts Reports (Trading Reports), Inventory Management (Theory), Value Added Tax (VAT), Service Tax, Tax Deduction at Source (TDS), Pay Roll, Income Tax-Wealth Tax, Excise, Cost Centers & Cost Categories and Tax Collected at Source.
Benefits of this course is you can Understand major financial and accounting concepts. You are able to Read financial statements and understand their structure and content. Other thing is that you can analyze, apply and interpret financial statements. Value common stock and understand how common stock is used in a corporate setting and Value bonds and understand how bonds are used in a corporate setting. You can also compute the time value of money (both present and future values). Use the time value of money in business and personal applications. Understand the budgeting process and use of the balanced scorecard. Understand capital structure decisions and working capital management. Assess the strategic implications of financial decisions.
The practice is used to prepare accounting information for people outside the organization or not involved in the day-to-day running of the company. It also helps people to store information on a company or organization that would be difficult to memorize.
So we can say that Financial Accounting is need of the hour. Know a Days knowledge of computer is mandatory in all jobs.