For those who have already successfully stepped into the accounting field, after a couple of years doing repetitive junior tasks, are you finding it hard to progress or even get a promotion from within the same organisation? This is because you may not have sufficient technical skills of a Senior Accountant. This program has been designed to give you these technical skills.

Target Audience:

• Accountants who need to perform advanced accounting duties
• Accounting students/graduates who want to work for large listed firms
• Accounts Clerks in small to medium firms who are seeking to move to large organisations

Timeframe:

• Approximately 3 months part time

Software:

• SAP and Excel

Units:

• FNSBKG405 Establish and maintain a payroll system
• FNSACC402 Prepare operational budgets

Relevant in applying for the following roles:

• Senior Accountant, Management Accountant, General Accountant

Outline

Topic 1  Listed Company Accounting Dep. Structure & Month End Check List

• Understanding of the Senior Accountant industry
• Month end work processes of a listed company accountant
• Procedures involved in compiling financials
• Procedures involved in management reporting
• Reports involved in month end reporting

Topic 2  SAP Skills and Practice

• The link between SAP and Outlook
• Difference between ERP systems and accounting softwares
• General Ledger Overview in SAP
• Create GL Account in SAP
• Enter GL Document in SAP
• Reverse Document in SAP
• Search And Display Document in SAP
• Display Account Balances in SAP
• Display Account Line Items in SAP
• Park Document in SAP
• Post Parked Document in SAP
• Open And Close Posting Periods in SAP
• Balance Sheet And Profit & Loss Statement in SAP
• Cash Flow Statement in SAP
• Chart Of Account Report in SAP

Topic 3 Sales Report, Inter-Co Sales & Sales Analysis

• Run Sales Report from SAP/In-house system
• Adjust Inter-Co sales and Inter-Co cost of sales
• Actual v Budget, Forecast v Actual and Budget v Forecast analysis
• Generate Flash Report to reflect sales fluctuations
• Perform business analysis report for senior sales management

Topic 4  Stock Report and Analysis

• Run Stock Report from SAP/In-house system
• Set up Stock List, Use all Inventory related function in MYOB
• Important analytical methods for stock analysis, such as Stock Value, Stock Days, Turns and Margin
• Perform V-Look Up across and within sheet
• Generate Flash Report to catch trends in stock levels
• Incorporate stock analysis info and prepare business email for Warehouse manager

Topic 5  Accruals

• Comparison of accrual practices for Listed companies and small/medium size companies
• Accruals and Take-Up-Accruals procedures
• Set up accrual pool
• Reconcile accrual account as part of General Ledger reconciliation
• Major Balance Sheet Items Reconciliation in Listed Company

Topic 6  P&L Analysis, Company Internal Audit

• Use margin to analyze sales
• Use margin to audit company accounts
• Select samples for audit from company accounts
• Use variance report to analyze actual operation, price variance and manufacturing variance
• Use Flash Report to present cost info for senior management
• Provide feasible recommendations for senior management based on info extracted from analysis

Topic 7  Consolidation

• Consolidation procedures for SAP/In-house system users
• Consolidation procedures for MYOB users
• Eliminate inter-co transactions, such as inter-co sales and inter-co loans
• Journal entries for dividend declared and payment
• Consolidate Balance Sheet and P&L for group

Topic 8  Forecast

• Procedures of quarterly forecast for manufacturing company
• Design forecast templates for branches
• Liaise with branch managers to collect forecast info
• Consolidate forecast at national level
• Forecast v Budget, Forecast v Actual analysis

Topic 9  Budget

• Procedures of yearly forecast for manufacturing company
• Design sales budget templates for branches
• Design expense budget templates for branches
• Assist with branch managers to generate budget info
• Payroll and capex budget
• Consolidate budget at a national level
• Work with large Excel spreadsheets
• Prepare and present budget to the Board

Topic 10  Cash Flow

• Design daily and monthly cash flow templates
• Use cash flow to perform an insolvency test
• Use cash flow to perform a feasibility study
• Use Macro recording function for cash flow statements
• Use Visual Basic Editor for cash flow statements

Gaining the right amount of theoretical knowledge is essential; however we have always known the plain truth: there is no substitute for practical experience. This is why we have designed our practical training program to enable graduates to experience a real, work environment.

Who is this program designed for?

This practical training program, specially designed by Platinum Professional Training, suits anyone who has some accounting knowledge/background.

The Training is also suitable for accountants who need to perform advanced accounting duties or for people from overseas seeking to gain experience in an Australian accounting firm.

Training Program

Assistant Accountant Program Target Audience

• People from overseas requiring work experience in an Australian accounting work environment.
• Accounting students who are still studying in university, studying in TAFE or just graduating.
• Accounts Clerks who have limited working experience in small/medium companies.

Timeframe:

• Approximately 3 months part time

Software:

• MYOB, Xero, Saasu and Excel

Units:

• FNSBKG404 Carry out business activity and instalment activity statement tasks

Relevant in applying for the following roles:

• Assistant Accountant, Accounts Office, Bookkeeper, Junior Accountant

Outline

Topic 1 Accounts Payable/Accounts Receivable

• AP control procedures in small/large organisation
• Matching, batching and coding
• Processing invoices and payments
• Reconciliation of supplier accounts
• Preparing an invoice summary as a backup for an accounting team

Topic 2 Credit Card Reconciliation

• Credit card control procedures
• Preparing credit card approval summary spreadsheet
• Processing charges and payments
• Reconciling credit card accounts

Topic 3 Bank Reconciliation

• Processing transactions under different scenarios eg How to deal with refunds and Direct Debits
• Reconciling accounts
• Running ageing reports for monthly payment run
• Understanding the M-Powered Service Centre

Topic 4 Business Activity Statement

• Detailed information for Business Activity Statement items, eg FBT, PAYG, LCT
• Running GST Reports, both summary and detailed
• Calculating GST Collected and GST Paid amounts
• Filling and lodging BAS

Topic 5 Payroll

• Set-up payroll function
• Set-up Employee Cards
• Calculating entitlements like sick leave and holiday leave
• Accrued leave
• Calculating Superannuation and PAYG
• Processing payroll

Topic 6 Inventory

• Bookkeeping for stock management
• Setting up item register
• Periodic stocktake and adjustment
• Issue purchase order
• Receive and post purchase order

Topic 7 Prepayment

• Understanding the monthly work flow
• Updating prepayment spreadsheet for General Ledger reconciliation purpose
• Recording journal entries
• Running balance sheet reports

Topic 8 Fixed Asset Register

• Calculating depreciation under Straight Line and Diminishing Value Method
• Updating Fixed Asset Register
• Use of check-points on the spreadsheet
• Recording journal entries

Topic 9 Accruals

• Comparing actual and budget values
• Running relevant reports, Profit & Loss statements and Balance Sheet
• Accrual procedures for both small and listed companies
• Using V-Look up function
• Understanding the concept of forward dated invoices

Topic 10 Cost Centre Analysis

• Procedures of setting up cost centres for companies
• Understanding the relevance of different cost centers
• Performing analysis using Flash Reports
• Generating Pivot Tables
• Writing a business email

Topic 11 Accounting System Comparison: SAP and Xero

• Comparison of all types of accounting software
• Introduction to SAP FICO module
• Xero set up file and bank feed
• Xero accounts payable and accounts receiveable
• Xero GL reconciliations
• Preparation of BAS in Xero

Topic 12 Individual Tax Return & Company Tax Return

• Understanding of Australian taxation law
  
• Introduction to various tax structures
• Income, deductions, offset and lodgement
• Outline of the Individual returns process
• Outline of the Company returns process

Our Tax Accountant Program covers 6 modules and will provide you with strong foundational knowledge on tax returns for individuals, companies, partnerships and Trusts.

NOTE: The training for this course is conducted by a Registered Tax Agent and CPA Public Practice. It is not conducted by a Registered Training Organisation.

Timeframe:

• Approximately 2 months part time

Software:

• Software Assistant including General Ledger and Excel

Relevant in applying for the following roles:

• Tax Accountant

Module 1 Tax Entities & Planning

1. General info regarding tax entities and structures

• Individual tax return calculation
• Partnership tax return calculation
• Company tax return calculation
• Trust tax return calculation
• Self-Managed Superannuation Fund

2. Tax planning and tax advice

Module 2 Individual Tax Return & Case Study

1. Detailed info regarding individual tax return  calculation and lodgement

2. Go through labels on Individual Tax Return Forms – 2015, i.e. income, deduction, offset, Medicare etc.

3. Individual Tax Return Case Study on Tax Assistant

4. Employee with group certificate & work related deductions

5. Sole trader with business income & expenses

6. Individual with rental properties

7. Brief internship tasks for individual tax return

Module 3 Partnership Tax Return & Case Study

1. Detailed info regarding partnership tax return. E.g. calculation, distribution and lodgement

2. Go through major contents on Partnership Tax Return Forms – 2015, i.e. income, expense, gross profit, profit distribution

3. Partnership Tax Return Case Study on Tax Assistant

4. Calculate partnership income

5. Calculate partnership expense

6. Calculate partnership profitability

7. Partnership profit distribution

8. Apply partnership profit to individual partners

9. Calculate partner’s tax liability after partnership profit distribution

10. Brief internship tasks for partnership return

Module 4 Trust Tax Return & Case Study

1. Establishing the trust and pros & cons of the trust

2. Family trust v business trust

3. Detailed info regarding trust tax return. E.g. calculation, distribution & lodgement

4. Go through major contents of Trust Tax Return Forms – 2015, i.e. income, expense, gross profit, profit distribution

5. Trust tax Return Case Study on Tax Assistant

6. Calculate trust income

7. Calculate trust expense

8. Calculate trust profitability

9. Trust profit distribution

10. Apply trust profit to individual partners

11. Calculate beneficiaries’ tax liability after Trust profit distribution

12. Brief internship tasks for family trust return

Module 5 Company Tax Return

1. Establishing the company and pros & cons of the company

2. Director’s duty

3. Detailed info regarding company tax return. E.g. calculation & lodgement

4. BAS/IAS

5. Relationship between BAS/IAS; Payroll & Tax Return

6. Go through major contents of Company Tax Return Forms – 2015, i.e. income, expense, gross profit,

7. Lodgement deadlines

8. Tax implication for companies

Module 6 Company Tax Return Case Study & SMSF Introduction

1. Company tax Return Case Study on Tax Assistant

2. Client’s MYOB bookkeeping Record

3. Recode MYOB codes to Tax Assistant codes

4. Record General Ledger in Tax Assistant

5. Run Financial Reports, notes to accounts compilation reports in Tax Assistant

6. Import General ledger to tax return

7. Pass audit/validation test

8. Finalise return and send to client for sign off

9. Tax planning for following year

10. Brief introduction of SMSF & financial planning

11. Pros & Cons of SMSF

12. Brief internship tasks for family company return

We provide practical training in entry level finance roles for those wishing to make a career in the finance and investment field. These courses will suit graduates or those looking to get their first finance or investments role.

Target Audience:

• Students (generally Finance, Commerce or Accounting) who are still studying in university, TAFE or just graduating
• People from overseas requiring work experience in an Australian finance work environment
• Junior staff who have limited professional working experience in small/medium companies

Timeframe:

• Approximately 3 months part time

Software:

• Excel

Relevant in applying for the following roles:

• Assistant Investment Consultant, Financial Planner Assistant, Bank Teller, Finance Administrator, Entry Level Finance roles

Benefits to you:

• Be trained by an experienced Analyst
• Develop practical finance and investment skills
• Individual attention (small groups)
• Advanced Excel & financial modeling skills

Outline

Module 1 Introduction to the industry

Part 1

• Examine industry paths to achieve your finance career goals
• Run-through of Financial Planning Assistant responsibilities
• Walk though administrative processes such as application

Part 2

• Introduction to entities and structures such as companies and trusts
• Discuss industry wide indices and benchmarks
• Introduction to platforms, wraps and managed funds

Module 2 Excel training and analysis skills

Part 1

• Learn how to use the following Excel functions
• V-LOOKUP, SEARCH, SUMIF, COUNTIF, SUMPRODUCT, IF and multiple IF statements, IS, Paste Values
• Pivot tables to work with very large spreadsheets (>30,000 rows)
• Pivot tables to provide summaries
• Code mapping

Part 2

• Measuring risk through sensitivity analysis of an investment portfolio
• Prepare performance analysis of investment returns
• Prepare look-through reporting for a large portfolio

Module 3 Financial planning concepts

Part 1

• The importance of superannuation and other tax advantaged structures
• Understand the use of pensions and the retirement calculations
• Learn about Centrelink strategies

Part 2

• Understand how to use the different types of insurance
• Know how to plan for intergenerational wealth, estate planning and power of attorneys
• Apply the main financial planning strategies on client situations

Module 4 Financial Markets

Part 1

• Examine the characteristics of the various asset classes
• What you need to know about the Australian share market
• Learn about the major financial information service providers such as Bloomberg

Part 2

• The basics of technical analysis and charting
• Understand the flexibility of derivatives markets such as Options, Futures, CFDs
• Discussion of compliance and the regulators

Module 5 Portfolio Management

Part 1

• Get to know the financial planning assumptions
• Understand the importance of investment guidelines and policy
• Practice assigning risk classification to clients

Part 2

• Learn about diversification and risk analysis
• Practice portfolio rebalancing on client portfolios

If you’ve ever dreamed of starting a business in bookkeeping or getting your BAS Agent licence, this program can help you cover all aspects from start to finish.

Target Audience

• Those with an accounting background with an entrepreneurial spirit
• Those looking for flexible work arrangements through running your own business
• Migrants who have overseas tax experience
• Those looking for a way to return to the accounting field
• Those who would like to further their career in the tax area

Requirements for a BAS Agent Licence

The Tax Practitioners Board (TPB) looks after the registration of BAS Agents. They have minimum education and experience requirements to be considered for BAS Agent registration:

• Tertiary education in accounting (or Certificate IV level in Bookkeeping or Accounting)
• The 1,400 hours relevant experience in the past 4 years

More detail about the requirements can be found here:

Education requirement

Experience requirement

The Solution

Platinum Professional Training is able to provide a full solution for you now, taking you as little as 8 months.

• We provide all the necessary education requirements including the BAS agent courses and assessments.
• We will link you with a Registered Tax Agent to help you gain sufficient experience.

Program contents

• You will get practical BAS Agent Course Training with CPA Accountants/BAS Agents which is face to face, onsite; These are our Assistant Accountant and Senior Accountant Training Programs. These include the TPB required BAS Agent units.
• You will learn the techniques in securing business clients;
• You will be assigned a professional Tax/BAS Agent to mentor and guide you to accumulate the required experience;
• You will have access to an experienced CPA Accountant to run you through your business operations;

Timeframe:

• Minimum 8 months