Category:Accounts - ICA Edu Skills Blog

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10 Oct, 2025 No Comments 117 views

Beginners Guide To Advanced Journal Entries

Advanced journal entries are critical tools in accounting, enabling precise tracking of complex financial transactions beyond basic debits and credits. These entries handle intricate scenarios like accruals, deferrals, depreciation, and intercompany transactions, ensuring accurate financial reporting. They require a deep understanding of accounting principles, such as double-entry bookkeeping, to maintain balanced ledgers. Advanced entries often […]

25 Aug, 2025 No Comments 845 views

AI in Accounting: Will Automation Kill Finance Jobs?

Imagine this: You spend years learning accounting, only to have an AI bot finish in 3 minutes what took you 3 days. Scary? Exciting? Maybe both. The truth is, AI in accounting isn’t coming tomorrow—it’s already here The finance and accounting industry is standing at a crossroads. For decades, accountants were seen as paper-pushers, calculators […]

08 Aug, 2025 No Comments 3115 views

Rectification Of Errors In Accounting: Key Types & Methods

Rectification of errors in accounting is a crucial accounting process that involves identifying and correcting mistakes in financial records to ensure accuracy and reliability. Errors may arise from omissions, miscalculations, misinterpretations, or clerical oversights, impacting financial statements. These errors can be classified as errors of omission, commission, principle, or compensating errors. Rectification involves analyzing trial […]

11 Jul, 2025 No Comments 9662 views

Companies Final Account: Meaning, Example, Format, And Adjustments

Whenever the accounting period ends then it creates a series of statements that comprises the final account. Companies final account reflect the current financial position of an organization. This is actually prepared to summarize the financial performance as well as the condition of the company. All these accounts provide accurate financial information to its stakeholders […]

06 Jun, 2025 No Comments 2370 views

How To Prepare Year-End Adjustments In Accounting: Step-By-Step Tutorial

Do you want to prepare a year-end adjustments in accounting? If yes, then this article can prove to be a better option for you. The application of the year-end adjustments in accounting can make things work perfectly well for you. Year-end adjustments in accounting can make things work perfectly well in your favour. It can […]

09 May, 2025 No Comments 10964 views

40+ Important Interview Trial Balance Questions & Answers

Do your nerves get jangled when you face the interview for the Trial balance? If so, then this article can solve your problem. Trial Balance questions and answers can prove to be crucial for you if you are not aware of them. Trial balance forms an important part of the accounting process. If you find […]

11 Apr, 2025 No Comments 7828 views

Inventory Valuation Process In Accounting: Importance, Methods, & Examples

The inventory valuation process in accounting finds the inventory value of any unsold stocks. This process can have a significant impact on preparing the financial statements. In most of the cases, inventory stock is basically an asset for your organization. It needs to have financial value to maintain a record in the Balance sheet. All […]

13 Mar, 2025 No Comments 8952 views

Depreciation Entry In Accounting: Meaning, Examples, How To Calculate It

Are you confused about the calculation of the depreciation entry in Accounting? If yes, you must read this article until the end to have a clear insight into it. Depreciation of the journal entry is one of the biggest pillars of accounting that helps you understand your assets’ present status. Students often get stuck at […]

14 Feb, 2025 No Comments 16352 views

BRS in Accounting – Purpose, Benefits, Format and Method of Preparation

The main purpose of the bank reconciliation statement is to identify all the errors that can affect your tax and financial position. BRS in accounting can act as a legal document at the time of financial audit if you can maintain it with perfection. Additionally, bank reconciliation can prevent and detect fraud. In the essence […]

10 Jan, 2025 No Comments 67279 views

Cash Book In Accounting: Definition, Features, Format, Process, Faqs

A Cash Book in accounting forms a financial journal that comprises all cash receipts and disbursements. It includes all the withdrawals and bank deposits. This is one of the main areas where businesses record all cash-related transactions accurately. All the entries are divided into cash receipts and payments, which are posted in some of the […]

13 Dec, 2024 No Comments 16725 views

Chart Of Accounts In Tally Prime: A Definitive Guide For Beginners

The chart of accounts in Tally Prime matters a lot as it offers a comprehensive guide for all beginners. All these accounts are classified under several categories based on their nature and purpose. In most cases, groups are classified under the category of ledger accounts. This is why your brand development needs to boost your […]

22 Nov, 2024 No Comments 9253 views

What Is Direct Tax? A Comprehensive Guide To Direct Tax

Before I tell you something about direct tax, I just want to know what concepts come to your mind when you hear the term Direct tax. Most of the time, people think about monetary transactions, government officers who collect taxes, and financial headaches to pay off the taxes. Now, if you find the concept of […]

23 Aug, 2024 No Comments 20815 views

Accounts Payable Process in SAP: Step by Step Guide

Do you find it complex and time-consuming to explore managing accounts payable? Try SAP Accounts Payable to chase away your problems. In this blog post, we will talk about the Accounts Payable Process in SAP and how it can assist you in transforming your business’s financial operations. The following are ways through which SAP Accounts […]

16 Aug, 2024 No Comments 7626 views

Capital and Revenue Transactions: Understand the Basics

Have you ever wondered why certain business expenses are treated differently from others? The answer lies in the fundamental distinction between capital and revenue transactions. In this blog we are going to understand why it is essential to segregate between capital and revenue transactions to recognize business assets at the end of the accounting year. […]

09 Aug, 2024 No Comments 47757 views

Master Key Accounting Concepts and Conventions: Essential Guide for Financial Clarity

You can see that numbers and technical terms are often associated with accounting, making it look very complicated, but for businesses it is a way they use to reveal their financial situation. These transactions are done as per basic principles that govern until they are recorded, organized and generalized. Here the use of the accounting […]

14 Jun, 2024 No Comments 11813 views

6 Job Guarantee Courses in India to Kickstart Your Bright Career

Completed your higher education and are still jobless or awaiting any good opportunity. Whatever the reason is, it will impact your career growth. Don’t worry. Now we are here to explain the job guarantee courses to you. Yes, 100% job guarantee courses are a concept that completely revolutionized the education industry and brought transformation to […]

10 May, 2024 No Comments 3572 views

Income from House Property: A Taxpayer’s Guide

In India, if you own a property that is rented or generates any income, you have to pay taxes on its income. The income generated from this source falls under Income from House Property” as stated in the Income Tax Act 1961. This blog post aims to clarify the concept of income from house property […]

03 May, 2024 No Comments 7381 views

Chart of Accounts in Accounting: Structure, Benefits, and Examples

Strategic Business Plan with Accounting Records plays a vital role in business growth. For better accounting, there are certain procedures which needs to be followed properly. Accounts should be properly organized and categorized simply we can say there should be proper chart of accounts. Are you confused with the term charts of account in accounting? […]

01 Mar, 2024 No Comments 5681 views

Accounts Payable Process: Optimizing Cash Flow

Every business, from a small-scale startup to a large industry, works with the accounts payable process to manage its financial buzz. Confused with the simple terminology of accounts payable? It simply refers to the money a company has to pay to their vendors and suppliers for goods and services received on credit. The accounts Payable […]

23 Feb, 2024 No Comments 3307 views

General Ledger Accounting: Financial Management Guide

In the world of finance, maintaining a well-structured, accurate report is not only necessary but also important for tax compliance. Whether it’s a small-stage startup or a big business for managing finances, they all depend on the General Ledger Accounting system. If you are new to the accounting world or need to learn about general […]

17 Nov, 2023 No Comments 3203 views

Mastering Balance Sheet Statement: From Assets to Equity

In the complex world of finance, where numbers intertwine in a delicate dance, the balance sheet statement emerges as a beacon of clarity, providing a comprehensive overview of a company’s financial standing. It transcends a mere financial statement; it’s a story, a narrative woven from assets, liabilities, and equity. In this exploration of the balance […]

10 Nov, 2023 No Comments 5955 views

Zoho Books Accounting Software: Key to Financial Success

In today’s fast-moving business world, managing your finances efficiently is essential for success. Whether you’re running a small business, working as a freelancer, or having a medium-sized enterprise, managing your accounting tasks is a must. That’s where Zoho Books accounting software comes in. Zoho Books software is a user-friendly and powerful accounting software solution that […]

11 Nov, 2022 No Comments 3819 views

Best Accountant Training Program and Job Opportunities in 2022

The Accountancy Industry grew by a CAGR of 7.7% between 2016 & 2020. Furthermore, the employability for accounts, banking, finance, taxation has increased due to the adoption of AI, digital payments and the likes. If you are an inspiring Account Manager, it is paramount that you enroll in an accountant training program. But, you must […]

25 May, 2022 No Comments 2652 views

Accounting Class Near Me | Search & Choose your Course

You have to have financial accounting knowledge if you are wanting to know about the questions like – “How to become a financial manager or Accountant? How to pursue a career in the financial marketing field? Or, Which are the accounting course near me?” – Know the accounting classes near you and experience the best […]

18 Apr, 2022 No Comments 2318 views

Learn the Best Financial Accounting Course

Do you want to learn the best financial accounting courses in 2022? Or, Do you want to become an accountant financial manager, or accounting analytics? – Learning the accounts finance course from the top accounting classes is essential nowadays. To decide choosing the best training program, you can overview the article. An accounting framework can […]

04 Apr, 2022 One Comment 2653 views

Guide To Advanced Accounting Course Training

Faster than the average of all jobs, the accountant’s job role has grown by 15% across the world. Nowadays, every company adopts an effective smart & E-accountant to lead the finance process gradually. Wanting to become a financial accountant is not enough, you need to understand in-depth knowledge of advanced accounting courses and the role […]

29 Mar, 2022 3 Comments 2406 views

Be An Accounts Manager – Know More About Accounting Certification Courses

Without Accounting the health and prospects of the financial systems wouldn’t be determinable in every business – the continuous process to keep an organization active and positive. The estimated growth in the hiring activity was observed across all key sectors. 35%+ consistent growth as concerned around COVID situation, the banking/finance industry leads among all service […]

24 Mar, 2022 One Comment 2266 views

Do You Know The Simulation Softwares For Adavnced Accounting

The study of accounting is such a twisted and broad range of topics – make your vision clear through learning accounting knowledge from basic level to advanced! Interested in becoming a professional accountant? Or, want to experience financial management skills at the next level? Take advantage of ICA Edu Skills, and boost up your dream […]

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10 Oct, 2025 117 views

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