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Training Management Costing and Accounting (BAC01)

Management Costing and Accounting


Course Outline

An informative overview covering Creation of Users and Roles, Management reporting and Cost reporting. This course covers key concepts and will get you up to speed with essential functions and features which will enable accurate and timeous reporting.

Recommended For

Financial Managers, Quantity Surveyors and Accountants.

Duration

1 day

Pre-Requisites

  • Good accounting skills and a thorough understanding of the interfaces between sites, plant, stock and balance sheet accounting
  • Computer literacy and keyboard proficiency is assumed

Curriculum

  • Identification of Administrator of the system
  • Allocation of Users and specific role per organisation
  • Use of the approvals settings:
    • Journal Approvers
    • Sub Contractor Approvers
    • Debtors Approvers
    • Plant Management Approvers
  • Period setup by organisation
  • Intercompany accounts structure
  • VAT and other tax types (if applicable)
  • Month end procedures
  • General Ledger
  • Creditors
  • Debtors
  • Sub Contractors
  • Plant & Equipment
  • Yard Stock posting
  • Standard Journals

Journals:

  • All aspects of journal production, submission, approval and posting
  • Allowables Importation and comparison

Ledger Reports:

  • Production and analysis
  • Trial Balance
  • Balance Sheet
  • Income Statement

Costing Reports:

  • Summary
  • Detail
  • Accruals

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