Accrual Accounting Online

 Overview

Gain an understanding of the basic principles of accrual accounting and the introduction of this financial practice into the public sector.

Job Opportunities

Finance Officer in accounts payable and/or accounts receivable in both the public and private sector

Who should Attend

People who:

• work in financial control sections
• are responsible for producing financial statements
• are managers wishing to be brought up-to-date with accrual accounting practices

Entry Requirements

To be eligible to enter this course you will need:

• to be mature age (20 years or over)
• to have access to the specific work practices and procedures required to demonstrate competency in the units undertaken

What's involved

• Online training sessions
• online quizzes
• Online milestone exercises
• Tutorials
• Online classrooms/discussion boards
• Online tutor support
• Remote assessment from your workplace

Before you commit to studying on-line it is advisable that you discuss with your supervisor/manager the expectation of doing your course-work in the workplace or at home. The on-line program does not reduce the number of hours you will spend each week completing the program. You can expect to spend in excess of 6 hours per week, and if you are going to do this in the workplace then you need to be prepared to mark this time-out in your diary.

System Requirements

Some government departments may have firewall restrictions, which could affect access. To access the program you will need to make sure that you have the following minimum computer capability.

• Internet Explorer 5 or Netscape 4 at a screen resolution of 800 x 600 pixels or higher
• Java Script & Cookies needs to be enabled
• Flash 5 plugin needs to be enabled

If you wish to audit your system to check which functions and capabilities are enabled on your browser then you should login to www.canopi.com.au/01home/techtest.asp

Course Structure

This course covers the following units of study:

• Use public sector financial processes
• Prepare financial reports
• Report financial activity
• Prepare operational budgets
• Prepare financial statements
• Maintain asset and inventory records
• Reconcile and monitor accounts receivable

Objectives

On completion of this course, you should be able to:

• Prepare a set of financial statements (an income statement, cash flow statement, balance sheet) from a given set of transaction information
• Describe the main principles that guide the preparation of financial statements
• Analyse transactions in terms of their impact on the accounting equation
• Describe the main reasons for preparing financial statements
• Describe the main principles of financial management and control, including the role of budgets in accounting control
• Identify the source and major features of financial management and accounting requirements in the public sector