Saturday, May 14, 2011

NIAT Offers Accelerated Certified Accounting Technician Level 1 Program

Accelerated CAT® Level 1 Program Offered.

What is the Accelerated CAT® Level 1 Program?

The Accelerated Certified Accounting Technician (CAT®) Level 1 program is a one-day review course that covers the essential topics you need to pass the CAT® Level 1 examination. This course will be offered during a Saturday weekend that will start at 10 o'clock in the morning and will end at 7 o'clock in the evening. The CAT® Level 1 examination will be scheduled immediately the following Saturday.

The Accelerated CAT® Level 1 program is designed for busy candidates who have at least five years experience in accounting or those who are already licensed CPA. The program takes a comprehensive and focused approach on the essentials of bookkeeping so you can gain the knowledge you need to pass the challenge exam of CAT® Level 1 and to help you get ahead.

The Accelerated CAT® Level 1 Certification Program Curriculum

The CAT® Level 1 Program is designed to nurture the learning process and provides you with a well-presented and structured course. The program itself has been split into four modules (plus a comprehensive review at the end) for ease of learning. Each module contains a set of drills and real-life cases in order for you to assess how well you are progressing.

The CAT® Level 1 exam is fully accredited by the Institute of Certified Bookkeepers UK. Passers of this exam can apply for Certified Bookkeeper (CB) qualification.

Module 1: Review of Bookkeeping Skills
Basic principles of double entry accounting
Nature and accounting of a merchandising business and how it differs with a service business
Analyze and record transactions in the accounts such as purchases and sales
Preparation of chart of accounts for a merchandising and service business
Use of T accounts to analyze transactions into debit and credit parts
Preparation of trial balance and learn its purpose
Understanding matching concept relates to and supports the accrual basis of accounting

Module 2: Completing the Accounting Cycle
Adjusting journal entries that will update the matching process
The use of worksheet as a useful device for collecting and summarizing data
Preparation of the adjusting and closing entries from a worksheet
Performing Bank Reconciliation
The adjusting and closing entries
Preparation of a post closing trial balance
Finalizing the multi-step and single-step income statement, statement of owner's equity
Balance sheet for a merchandising and service business
Completing the accounting cycle

Module 3: Constructive Accounting
Establishing of Internal Controls to safeguard assets most specially Cash
Single entry bookkeeping systems
Reconstruction of Incomplete records
Conversion of Cash -basis to accrual accounting
Correction of Errors
Analysis and Interpretation of Financial Statements

Module 4: Special Journals
Recording of transactions using sales journal, cash receipts, purchases journal, cash payments journal and general journal
Use of voucher system to control expenditures, preparation of a voucher and recording in voucher register
Use of check register and payment process of the voucher system
Use of combination journal especially for service enterprises

Module 5: Comprehensive Review
Who Should Sit for the Accelerated CAT® Level 1 Program?
Only serious applicants need apply. This intensive program is designed to condense three sessions into a one-day review course. Candidates who are seeking to join the Accelerated CAT® Level 1 certification program must :
Be a Certified Public Accountant (CPA) or
Have at least five (5) years experience in accounting work
NIAT will be offering the Accelerated CAT® Level 1 Program just for this year. Grab the opportunity now while seats are still available!

Program Schedule

Registration is processed on a first-come, first-serve basis. The minimum number of attendees for the program is 25 pax; thus NIAT Philippines reserves the right to reschedule the program if and when minimum number is not satisfied.

Date: July 23, 2011 (Review) & July 30, 2011 (Exam)
Venue: 5/F Megatrade Hall, SM Megamall, Ortigas Center, Mandaluyong City
Time: 10:00 am - 7:00 pm (Review) & 10:00 am to 2:00 pm (Exam)
Contact Number: (632) 386-0191

Other Upcoming Events
Certified Accounting Technician Level 2 (Cost Accounting)
May 7 - May 28, 2011

Certified Accounting Technician Level 3 (Payroll & Taxation Accounting)
May 28 - June 25, 2011
Click Here to Inquire

National Institute of Accounting Technicians
Tel: (+632) 386-0191

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