Practical Accounting Software (Peachtree) Training with IFRS Applications
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Practical Accounting Software (Peachtree) Training with IFRS Applications

This Practical Accounting Software (Peachtree) Training with IFRS Applications is an intensive, instructor-led online program. It moves beyond simple data entry, focusing on setting up a reporting system that satisfie...

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Total Price ETB 2,200

Course Overview

This Practical Accounting Software (Peachtree) Training with IFRS Applications is an intensive, instructor-led online program. It moves beyond simple data entry, focusing on setting up a reporting system that satisfies International Financial Reporting Standards (IFRS). Participants will learn to handle the full accounting cycle—from chart of accounts customization to the generation of IFRS-compliant financial statements.

Key Learning Outcomes

  • Configure Peachtree/Sage 50 specifically for an IFRS reporting environment.
  • Apply IFRS 15 (Revenue from Contracts) and IFRS 16 (Leases) concepts within the software modules.
  • Manage complex inventory systems using IFRS-compliant valuation methods (IAS 2).
  • Execute month-end and year-end closing procedures including depreciation of PPE (IAS 16).
  • Generate Statement of Financial Position and Statement of Comprehensive Income directly from the system.
  • Perform advanced bank reconciliations and VAT/Tax filings in line with Ethiopian tax laws.

Requirements

  1. Prerequisites: Basic understanding of accounting principles (Debit/Credit) and familiarity with Microsoft Windows.
  2. Hardware: A laptop/PC with at least 8GB RAM and 5GB free disk space.
  3. Software: Sage 50/Peachtree installed (Trial version provided for students).
  4. Connectivity: Reliable internet for live streaming and screen sharing.


Course Curriculum

  • Topic 1: Vendors & Purchases: Setting up vendors, purchase orders, and receiving inventory.
  • Topic 2: Customers & Sales: Revenue recognition principles; managing credit limits and receivables.
  • Topic 3: Inventory Management: Setting up stock items, assemblies, and adjustments under IAS 2.
  • Topic 1: Overview of IFRS for SMEs vs. Full IFRS in Ethiopia.
  • Topic 2: Installing and setting up a new company.
  • Topic 3: Practical: Designing an IFRS-compliant Chart of Accounts (Grouping assets/liabilities by liquidity/maturity).
  • Topic 4: User security and role-based access control.
  • Topic 1: Recording the acquisition of Property, Plant, and Equipment (PPE).
  • Topic 2: Setting up automated depreciation methods (Straight-line vs. Reducing Balance).
  • Topic 3: Handling asset disposals and impairments within Peachtree.
  • Topic 1: Automated Bank Reconciliation.
  • Topic 2: Managing Petty Cash and Multi-currency transactions (IAS 21).
  • Topic 3: Practical: Handling VAT (Value Added Tax) and Withholding Tax calculations.
  • Topic 1: Setting up Employee defaults and pay levels.
  • Topic 2: Calculating Ethiopian Income Tax (Pension, Taxable Income).
  • Topic 3: Generating payroll journals and pay stubs.
  • Topic 1: Adjusting Entries: Prepayments, Accruals, and Provisions (IAS 37).
  • Topic 2: Generating the Statement of Financial Position and P&L.
  • Topic 3: Customizing reports for Management vs. External Auditors.
  • Topic 4: Year-end closing procedures and data backup.

Course Facts

Level Intermediate to Advanced
Language English, Amharic
Total Duration 15 hours
Activities 5
Included Value
  • Mobile & TV Access
  • Private Telegram Community
  • Verified Digital Certificate

Student Voices

Sarah
Sarah Jenkins

"The best investment I have made for my career. The flexibility allowed me to study while working full-time, and I secured a promotion two months after receiving my certificate."

David
David Chen

"The expert tutors provided invaluable real-world insights that you simply don't get in standard academic courses. Highly recommended for professionals."