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    Job Description:: (General Accounting & Record To Report Process)

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    debasis chatterjee
    The document outlines the key responsibilities and skills required for a job in the general accounting and record to report process. It includes understanding complete accounting cycles, profit and loss statements, balance sheets, and month-end closing processes. It also lists 57 topics the position should be knowledgeable in, such as journal entries, depreciation, financial statements, ratios, and balance sheet basics. Finally, it provides the golden rules of accounts and lists types of assets and liabilities that would appear on a balance sheet.

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    Job Description:: (General Accounting & Record To Report Process)

    Uploaded by

    debasis chatterjee
    783 views2 pages
    The document outlines the key responsibilities and skills required for a job in the general accounting and record to report process. It includes understanding complete accounting cycles, profit and loss statements, balance sheets, and month-end closing processes. It also lists 57 topics the position should be knowledgeable in, such as journal entries, depreciation, financial statements, ratios, and balance sheet basics. Finally, it provides the golden rules of accounts and lists types of assets and liabilities that would appear on a balance sheet.

    Original Description:

    R2R

    Original Title

    R2R

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    The document outlines the key responsibilities and skills required for a job in the general accounting and record to report process. It includes understanding complete accounting cycles, profit and loss statements, balance sheets, and month-end closing processes. It also lists 57 topics the position should be knowledgeable in, such as journal entries, depreciation, financial statements, ratios, and balance sheet basics. Finally, it provides the golden rules of accounts and lists types of assets and liabilities that would appear on a balance sheet.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    783 views2 pages

    Job Description:: (General Accounting & Record To Report Process)

    Uploaded by

    debasis chatterjee
    The document outlines the key responsibilities and skills required for a job in the general accounting and record to report process. It includes understanding complete accounting cycles, profit and loss statements, balance sheets, and month-end closing processes. It also lists 57 topics the position should be knowledgeable in, such as journal entries, depreciation, financial statements, ratios, and balance sheet basics. Finally, it provides the golden rules of accounts and lists types of assets and liabilities that would appear on a balance sheet.

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    (GENERAL ACCOUNTING & RECORD TO REPORT PROCESS)

    Job Description:
    Understanding of the Complete cycle of R2R
    Good Knowledge of Profit and Loss Account and Balance Sheet
    Strong analytical skills and should be comfortable working on excel.
    Good working knowledge on Month end closing; inter co process;
    Bank reconciliations & Fixed Assets processes, accounting entries for accruals
    Good knowledge of accounting and month end related activities,
    idea on accounting entries for warranty and Fixed assets
    Excellent knowledge of Financial Accounting
     
     
    1. Credit Sales – Journal entry & meaning//definition
    2. Amortization – Meaning
    3. Depreciation – Methods and meaning
    4. Golden rules – With example for each 5 account (personal/real /nominal)
    5. Outstanding Expenses – Meaning/example
    6. Income received in advance – Meaning/example
    7. Balance Sheet – 2 sides of balance sheet
    8. Bank Reconciliation Statement – meaning and examples of entries reflecting in
    passbook and not in cash book and vice versa
    9. Difference between cash book and pass book
    10. Accruals – meaning and example
    11. Sales returns – Entry and meaning
    12. Operating income
    13. Name few current asset
    14. Name few fixed asset
    15. Name few liabilities
    16. Basics of Profit & Loss Account
    17. Difference between gross profit and net profit
    18. Contingent Liability and example
    19. Accumulated Depreciation
    20. Golden rules of accounting
    21. Depreciation
    22. Accumulated Depreciation
    23. Difference between depreciation & accumulated depreciation
    24. Deferred revenue with example
    25. Contingent Liability and its Example
    26. Difference between gross profit and net profit
    27. Operating income
    28. Types of Assets
    29. Name few current asset
    30. Name few fixed asset
    31. Name few liabilities
    32. Basics of balance sheet
    33. Basics of Profit & Loss Account
    34. Basic journal entries
    35. Credit purchase journal entry
    36. Credit sales journal entry
    37. Working capital
    38. Credit purchase journal entry
    39. Credit sales journal entry
    40. Salary related Journal entry
    41. Goods Purchase Journal Entries
    42. What is Financial statement?
    43. How balance sheet decides the financial statement?
    44. What is assets/liability?
    45. Basics of balance sheet?
    46. Basic Ratio Analysis and their formulas
    47. What is depreciation?
    48. Underwriting – Brief explanation
    49. Prepaid Expenses journal entry
    50. Outstanding expenses journal entry
    51. Basis of Accounting Concepts
    52. Prepaid Income journal entry
    53. Accrued Income
    54. Journal entry for Depreciation
    55. What is Fund flow and cash flow statement?
    Golden Rules of Accounts:
    Account Types Debit Credit
    Personal The receiver The giver
    Real What comes in What goes out
    Nominal All expenses & Loses All Incomes and gains
     
    list of items comes under balance sheet
     
    Liabilites Assets
    Capital Fixed Assets:
    Long Term Liabilities Land,
    Loan from bank Building,
    Mortgage Machinery,
    Current Liabilities Furniture,
    Sundry Creditors Vehicles,
    Advance from Customers Computers
    Outstanding Expenses
    Income Received in Advance Current Assets:
    Bills payable Stock,
    Sundry Debtors,
    Cash Balance,
    Bank Balance,
    Prepaid Expenses
    Bills Receivable

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