Elite Accountants Course Introduction

Elite Interview Campus

Elite Accountants Course Introduction

We go one step further than mere commercial accounting practice and training. The course offers one-on-one, long-term and comprehensive career planning for mentees in the accounting industry. Professional training (Financial Accounting Part + Management Accounting Part + Financial Analysis Part + Business Analysis Part) , interview training, mentee-exclusive network group, guaranteed intern or full-time position with a first or second tier firm are included in the package.

Our program will not only offer you an intern or full-time position at a local Australian company, but also a long-term career plan and platform. It is likely that you would receive the return offer, and build yourself in an all round way.

Offline Training

About accounting hands-on training

• Combine your knowledge acquired in studying towards the degree and CPA with real work and cases. You would learn how to use the knowledge in the workplace.
• Grasp operation, examination and management report in the finance division, and you would progress the role from data entry to operation.
• Prepare financial report, analyse financial model, analyse project investment.
• Grasp management report analysis, budget forecast, project feasibility analysis within the finance division, you would progress the role from historical data analysis to forecast.
• Real business case analysis, and you would enjoy the role of business partner.
• Intensive and comprehensive hands-on training of 72 hours.
• About accounting application and interview soft skill training campus
• 6 hours of professional CV and interview coaching.
• One-on-one CV polishing and interview coaching based on your desired roles.

Guaranteed accounting industry intern and full-time position

You are guaranteed to be offered an intern or full-time position at a mid-sized or large-sized company. Mentees will have unlimited referral opportunities until they are accepted and have received the offer.

The company would require mentees turn from part-time to full-time employees, which might impact the length of internship. Based on decision of yours and the company’s, we will be responsible until you are accepted.

Accounting Mentors

Program Structure

1， Financial Accounting Part

  Accounts Receivable

●  Introduction of the whole sales and AR process

●  Relevant system and accounting

●  AR management

●  Control Point Design

  Accounts Payable

●  Introduction of the whole sales and AR process

●  Relevant system and accounting

●  AR management

●  Control Point Design

 Bank

●  Bank reconciliation

 Fixed Asset and Depreciation (CAPEX)

●  Fixed Asset Register Maintenance

●  New addition, Disposal and Transfe

r●  Depreciation Schedule

 OPEX and Direct Marketing Expense (DME)

●  Introduction of what is included in OPEX

●  Service fee, Rental, T&E, Commitment, Costcentre

●  Introduction of the nature for DME

●  DME Schedule Preparation

 Payroll

●  Introduction of Payroll – pay slip, types ofpayroll cost, on cost

●  Payroll cost – wage types, time sheeting, costrate, sell rate, labor confirmation

●  Payroll provision – annual leave provision, long

service leave provision, redundancy provision,

balance sheet reconciliation

●  Payroll KPI reporting – headcount, wage type,

leave liability, on cost

●  Payroll analysis – staff utilization rate, staff

attendance rate, salary benchmark, overhead

analysis, billable and non-billable hours

●  Payroll outsourcing – in house vs. outsourcing

 FBT and GST

●  Introduction of FBT●  Types of Fringe Benefits

●  Car Fringe Benefits and Entertainment FringeBenefits

●  FBT Analysis of Sales Promotion Accounts

●  Introduction of GST●  Types of supplies for GST purposes

●  Business Activity Statement (BAS)

●  Accounting treatment for GST

Period End Closing

●  Month end journal

●  Management reporting

●  Balance sheet reconciliation

 Statutory Reporting

●  Reporting requirements introduction

●  Preparation of four lead statements

●  Preparation of notes●  Audit matters

2，Management Accounting Part

Introduction

●  Introduction of management accounting

●  Difference between management accountantsand financial accountants

●  Essential Excel functions for managementaccountants

●  Understand financial statements – P & L

Balance Sheet and Cash Flow Statement

●  Key financial metrics

●  How does a management accountant use

 

and aim to achieve in financial reports

●  Class exercise: Chart of Accounts Mapping

 

 P & L Variance Analysis

●  Introduction of variance analysis

●  Type of Revenues

●  Type of Costs

●  Variance analysis with root cause analysis

●  Class exercise: travel cost analysis

Management Reporting

●  How to use various charts in Managementreporting

●  Division-level reporting (Sales Dashboard,Wins and Losses, Marketing ExpenditureTracker)

●  Executive-level reporting – CFO pack

●  Class exercise – division calendar report &trade debtors analysis

 Budget & Forecasting

●  Business Life Cycle

●  Roles of management accountants inBusiness Life Cycle

●  Introduction to budget and forecast

●  Difference between budget and forecast

●  Budget process and sample papers●  Forecast models●  Issues in forecast and how to improve●  Cash flow forecast

●  Class exercise – EOFY expense forecast

 Finance business partner

●  Introduction of finance business partner

●  Roles and responsibilities of finance businesspartners

●  Key skillsets required and current trend

●  Decision Making Cycle

●  Decision-making analysis Tools (sensitivityanalysis, NPV, Pay-back period analysis,internal rate of return, break-even analysis)●  Class exercise: decision-making on buying a

property

 Business Process & Improvement Proposal

●  Introduction of Lean Six Sigma

●  Questions that underpin process improvementactivity

●  Standard process for business improvement

●  Types of Wastes in Lean Six Sigma

●  Assessment: sales commission structure change

3，Financial Analysis Part

Forecasting and Rolling Estimate

●  P&L forecasting and RE

●  Balance sheet forecasting and RE

Financial Analysis

●  P&L Analysis – sales analysis

●  P&L Analysis – SGA analysis

●  Balance sheet analytics

Financial Modeling

●  Investment analysis (NPV, IRR)

4，Business Analysis Part

 Overview of business analysis

●  Role and responsibility of a qualified businessanalyst

●  Reason to drive analytics at the organizations

●  Change management

 Recap – FA and MA

●  What you have learned from financialaccounting course

●  What you have learned from managementaccounting course

●  How to combine the knowledge

●  Case study – develop standardized pricingmodel for subcontractor

 Communication and presentation

●  Communication skills

●  Presentation skills

●  Team work

●  How to influence people

 Business analysis process

●  Procurement improvement projec

t●  Labor cost improvement project

●  Travel expense improvement project

●  Class assessment – benchmarking finance &admin activity and propose improvement

 

Final assessment

●  Hand out final assessment details

●  Provide guidance

●  Start preparation in class

●  Review each group’s assessment

●  Provide feedback and Q&A

5，Advanced Excel Package

●  Most useful formulas & functions applicationand Pivot Table and Pivot Chart

●  Excel presentation for financial reports andConditional Formatting

●  Dashboard KPI reports; Traffic light alertingchart; PIE chart; Column/Line chart; Stacked

column chart; Combo chart; KPI Waterfall chart●  Financial modelling by VBA and Power Pivot●  Visualization tool – Power BI

6，CV and Interview Preparations

●  Key to write a set of resume and cover letterthat secures you interviews

●  How to write your sale documen

t●  Format and Wording

●  Common errors you need to avoid from yourresumes●  Resume details highlights●  Importance of “achievement” writings – whatdistinguishes you from other candidates●  What if you have less/little experience (and

believe me upfront, there is no shortcut for

this, but you have the control to improve it)

●  Interview techniques and Mock interviews

●  The art of selling yourself and have the agents

to sell you – as a product

●  Good, bad and ugly about job market

●  Common Interview Questions – Approach

Analysis

●  Full Discussion about behavior questions

●  Work with recruitment agent? Or go solo?

●  Reference checks to close the deal

●  Mock, mock and lots of mock, be warned!

Registration & Enquiry

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Contact Us

Sydney Office:

Suite 310, 451 Pitt St, Sydney, 2000

Melbourne Office

3/350 Collins St, Melbourne, 3000

701/702, 566 St Kilda Road, Melbourne, 3004

Hangzhou Office

Unit1302/Building 2，Internet of Things and Technology Park,
1326 West Wen Yi Road, Yu Hang District, Hangzhou, China