Accounts finalization - practically do on my own...how??

CA 642 views 1 replies

I am a CA passed in November 11 attempt but practically I have never done the full cycle of accounts finalization for any company. I think a lot that I will practice this on my own and become an expert in this but don't know how to :-(

Please please please give me some tips how can I on my own do, practice finalize the whole accounts cycle 4-5 times??

Do you guys have some accounting practice type assignments that I can finalize in tally? or is there any other way? 

Please help on this.. :-(

Replies (1)
Full cycle of accounts finalization can be done only for small cocerns. Typically, for medium and large concerns finalization process is split between the accountants based on processes, like sales and receivables, purchases and payables, FA magt etc... The best way to learn is to join a CA and help him in his client, s accounts initially for small concerns and then do proper training in a medium size company under a finance controller. Because any practice using test data is not as good as practical exposure.


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