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 programme to enable graduates to experience a real, work environment.

Who is this program designed for?

This practical training programme, specially designed by Platinum Accounting, 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.

 

Internship/Training Program

Assistant Accountant Program Target Audience

– Accounting students who are still studying in university, studying in TAFE or just graduating.

– People from overseas requiring work experience in an Australian accounting work environment.

– Accounts Clerks who have limited working experience in small/medium companies.

 

Outline

Module 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

Module 2 Credit Card Reconciliation

– Credit card control procedures

– Preparing credit card approval summary spreadsheet

– Processing charges and payments

– Reconciling credit card accounts

Module 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

Module 4 Prepayment

– Understanding the monthly work flow

– Updating prepayment spreadsheet for General Ledger reconciliation purpose

– Recording journal entries

– Running balance sheet reports

Module 5 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

Module 6 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

Module 7 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

Module 8 P&L Analysis

– Running multi-period Profit & Loss spreadsheet

– Comparing actual monthly expenses with budgeted expenses for the month

– Comparing Year to Date Actual Exp with Budget YTD Exp

– Commenting on variance between actual and budget values

– Guidelines for variance analysis

– Writing a business email

Module 9 General Ledger Reconciliation

– Preparing cover sheet and back-up documents

– Processing charges and payments for Petty Cash

– Reconciliation of Petty Cash account

– Reconciliation for all major balance sheet items

Module 10 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

Module 11 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