Balance Sheet Finalisation – Online Live Certification Course

Learn Balance Sheet Finalisation from Basics to Practical through 100% Live, Practical & Job-Oriented Training.

This comprehensive course is designed for accountants, B.Com/M.Com students, job seekers and working professionals who want to develop practical skills in Trial Balance scrutiny, Profit & Loss preparation, Balance Sheet preparation, year-end adjustments, depreciation, reconciliation and final accounts.

The course focuses on real-world accounting finalisation cases and helps learners understand how books of accounts are reviewed, adjusted and finalised before preparing financial statements.

What You Will Learn

1. Trial Balance & Ledger Scrutiny

Learn how to review accounting records before finalisation.

• Understanding Trial Balance
• Trial Balance checking process
• Ledger scrutiny
• Debit and credit balance verification
• Checking unusual ledger balances
• Reviewing income and expense ledgers
• Customer and supplier balance checking
• Outstanding balance verification
• Identifying accounting errors
• Practical ledger scrutiny cases

2. Profit & Loss Account Preparation

Understand how to prepare and finalise the Profit & Loss Account.

• Understanding Profit & Loss Account
• Direct and indirect expenses
• Revenue and income classification
• Gross profit and net profit
• Expense verification
• Income verification
• Outstanding expense adjustments
• Prepaid expense adjustments
• Provision-related adjustments
• Practical P&L preparation

3. Balance Sheet Preparation

Learn the complete basics of Balance Sheet preparation.

• Understanding Balance Sheet
• Assets and liabilities
• Current and non-current assets
• Current and non-current liabilities
• Capital account
• Fixed assets
• Loans and borrowings
• Sundry debtors
• Sundry creditors
• Cash and bank balances
• Balance Sheet verification
• Practical Balance Sheet preparation

4. Year-End Adjustments & Provisions

Understand important year-end adjustments required during finalisation.

• Outstanding expenses
• Prepaid expenses
• Accrued income
• Income received in advance
• Provision for expenses
• Provision-related accounting basics
• Bad debts adjustments
• Closing stock adjustments
• Interest adjustments
• Other common year-end adjustments
• Practical adjustment entries

5. Depreciation & Fixed Assets

Learn how fixed assets and depreciation are handled during finalisation.

• Understanding fixed assets
• Classification of fixed assets
• Depreciation basics
• Depreciation calculation
• Fixed asset ledger review
• Asset additions
• Asset disposal basics
• Depreciation adjustment entries
• Impact of depreciation on Profit & Loss
• Impact on Balance Sheet
• Practical depreciation cases

6. GST Reconciliation

Understand how GST balances are reviewed during finalisation.

• GST ledger scrutiny
• Input GST review
• Output GST review
• GST payable checking
• Purchase and sales reconciliation
• ITC reconciliation basics
• Identifying GST mismatches
• GST-related adjustments
• Practical GST reconciliation cases

7. TDS Reconciliation

Learn the basics of TDS reconciliation during accounting finalisation.

• TDS ledger checking
• TDS deducted and payable
• TDS challan reconciliation
• TDS-related accounting entries
• Reviewing TDS balances
• Identifying TDS mismatches
• Practical TDS reconciliation examples

8. Bank Reconciliation

Learn how to reconcile bank records with accounting books.

• Understanding Bank Reconciliation Statement
• Bank ledger scrutiny
• Comparing bank statement with books
• Identifying unmatched transactions
• Bank charges
• Direct bank transactions
• Cheques issued and deposited
• Reconciliation adjustments
• Practical BRS cases

9. Outstanding & Prepaid Expenses

Understand one of the most important areas of year-end finalisation.

• Outstanding expenses
• Prepaid expenses
• Expense recognition
• Adjustment entries
• Impact on Profit & Loss
• Impact on Balance Sheet
• Practical examples
• Common adjustment mistakes

10. Final Accounts & Reporting

Learn how all finalisation activities come together to prepare final accounts.

• Trial Balance review
• Adjustment entries
• Profit & Loss Account
• Balance Sheet
• Supporting schedules basics
• Financial statement review
• Assets and liabilities verification
• Final accounts checking
• Reporting basics
• Practical finalisation workflow

Complete Finalisation Workflow

During the course, you will understand the complete practical process:

Trial Balance → Ledger Scrutiny → Reconciliation → Year-End Adjustments → Depreciation → P&L Preparation → Balance Sheet Preparation → Final Accounts → Reporting

This structured workflow helps you understand how accounting books are reviewed and finalised before financial statements are prepared.

Real-Life Finalisation Cases

The course includes practical scenarios based on common accounting finalisation requirements, including:

• Trial Balance differences
• Incorrect ledger balances
• Outstanding expenses
• Prepaid expenses
• Depreciation adjustments
• Fixed asset transactions
• GST reconciliation
• TDS reconciliation
• Bank reconciliation
• Closing stock adjustments
• Debtors and creditors review
• Profit & Loss adjustments
• Balance Sheet adjustments

Practical Training Approach

This is a 100% Live & Job-Oriented Training Course focused on practical accounting finalisation.

You will learn through:

• Step-by-step practical demonstrations
• Real-life accounting cases
• Year-end adjustment examples
• Reconciliation exercises
• Financial statement preparation
• Finalisation case studies
• Error identification and correction

The objective is to help you understand not just what finalisation is, but how finalisation work is actually performed.

Who Should Join This Course?

This course is suitable for:

• Accountants
• Junior Accountants
• B.Com Students
• M.Com Students
• Freshers
• Job Seekers
• Working Professionals
• Accounting Professionals
• Finance Professionals
• Anyone interested in practical accounting finalisation

Why Choose This Course?

• 100% Live Training
• Practical & Job-Oriented Learning
• Beginner-Friendly Approach
• Step-by-Step Finalisation Training
• Trial Balance & Ledger Scrutiny
• P&L and Balance Sheet Preparation
• Year-End Adjustments
• Depreciation & Fixed Assets
• GST & TDS Reconciliation
• Bank Reconciliation
• Real-Life Finalisation Cases
• Final Accounts & Reporting

Skills You Can Develop

After completing this course, you can develop practical skills in:

• Trial Balance Analysis
• Ledger Scrutiny
• P&L Preparation
• Balance Sheet Preparation
• Year-End Adjustments
• Depreciation Accounting
• Fixed Asset Accounting
• GST Reconciliation
• TDS Reconciliation
• Bank Reconciliation
• Final Accounts
• Financial Reporting

Course Outcome

After completing this course, you will have a practical understanding of the Balance Sheet finalisation process.

You will be able to review Trial Balance and ledgers, identify accounting issues, understand and record year-end adjustments, calculate depreciation, reconcile GST, TDS and bank records, prepare Profit & Loss and Balance Sheet and understand the overall final accounts preparation process.

The course is designed to help you build practical, job-ready accounting finalisation skills.

Start Your Balance Sheet Finalisation Journey

Build confidence in Trial Balance, Ledger Scrutiny, P&L, Balance Sheet, Adjustments, Reconciliation and Final Accounts through live practical training and real-life finalisation cases.