Introduction to Financial Accounting in the BFSI Sector Course


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We are proud to offer this course in a variety of training formats to suit your needs. We use the highest quality learning facilities to make sure your experience is as comfortable as possible. Our face to face calendar allows you to choose any classroom course of your choice to be delivered at any venue of your choice - offering you the ultimate in convenience and value for money.


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Introduction

This course provides a fundamental understanding of financial accounting within the Banking, Financial Services, and Insurance (BFSI) sector. Participants will gain insights into the specific accounting principles and practices that are essential for effective financial management in this industry.

Duration

5 Days

Who Should Attend:

·         Entry-level professionals in the BFSI sector

·         Finance and accounting students

Banking and insurance employees seeking a refresher


Course Level:

Course Objectives

·         Understand the basic principles of financial accounting in the BFSI sector

·         Learn to interpret financial statements specific to banking and insurance

·         Gain knowledge on regulatory compliance and reporting standards in the BFSI industry


Course Outline

Module 1; Introduction to BFSI Accounting

·         Overview of the BFSI sector

·         Importance of accounting in BFSI

Module 2; Fundamentals of Financial Accounting

·         Double-entry accounting

·         Accrual vs. cash accounting

Module 3; Financial Statements in the BFSI Sector

·         Balance sheets for banks and insurance companies

·         Income statements in BFSI

Module 4; Regulatory Compliance and Reporting

·         Basel III and its impact on accounting

·         IFRS and GAAP in the BFSI sector

Module 5; Risk Management in Accounting

·         Asset-liability management

·         Provisions and reserves in banking and insurance

Module 6; Auditing in BFSI

·         Internal and external auditing in the financial industry

·         Audit compliance and best practices

Module 7; Financial Analysis for Decision Making

·         Ratio analysis for banks and insurance companies

·         Interpreting financial data for strategic decision-making

Module 8; Emerging Trends in BFSI Accounting

·         Fintech and its impact on accounting

·         Blockchain and its relevance in financial management


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Course Administration Details:

Course Administration Details:

Course Administration Details:

METHODOLOGY

The instructor-led training are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professionals and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Institute(IRES) certificate certified by the National Industrial Training Authority (NITA).

TRAINING VENUE

The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments and lunch.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION AND AIRPORT PICKUP

Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.

Email:[email protected] or [email protected]

Mob: +254 715 077 817/+250789621067

TAILOR- MADE

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location.

For further inquiries, please contact us on Tel: +254 715 077 817/+250789621067

Mob: +254 792516000+254 792516010 , +250 789621067 ,or mail [email protected] or [email protected]

PAYMENT

Payment should be transferred to IRES account through bank on or before start of the course.

Send proof of payment to [email protected] or [email protected]


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