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Wednesday, 19 October 2011
TRAINING PROPOSAL for Software Accounting, Business Administration and
e-banking/Online Banking
To All Great CRUTECH Students of Management Sciences,
OUR STRATEGIC THOUGHT ON PROJECT TCI -TECHNOLOGY
COMPETENCY INITIATIVES: BEING OUR INITIAL THOUGHT ON
ASSISTING NIGERIAN UNDERGRADUATES TO BRACE UP TO THE
HIGH ICT-SKILL DEMAND OF THE 21ST CENTURY LABOUR
MARKET IN THE FACE OF LESSER EMPLOYER-DEMANDS FOR
PAPER CERTIFICATES
Through:
A specialized human resources optimization training and capacity upgrade
workshop on the effective use of Microsoft Certified Enterprise Resources
Planning Software (ERP In Business Administration/Management)-Peachtree
Complete Accounting Software (PCA) & Forensic Accounting/Auditing skills in
the day-to-day administration of modern-day labour market institutions/companies
especially in the critical areas such as initiating & sustaining real-life accounting
life cycle, setting up companies account periods, maintaining companies chart of
accounts, general employee management, effective payroll management, data-
driven institutional administration (e-administration), effective job costing,
electronic inventory taking, managing accounts payables & accounts receivables,
financial statements, preparing real life forensic accounting/audit trail, accounting
behind the screen, general ledger management, e-banking software application &
effective budgeting among other wide applications of the Peachtree Complete
Accounting (PCA) software as the worlds largest comprehensive accounting/ERP
software application.
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EXECUTIVE SUMMARY
TECHNOLOGY COMPETENCY INITIATIVES (TCI) TRAINING PROPOSAL
AUTOMATED SOFTWARE ACCOUNTING/FINANCIAL MANAGEMENT
APPLICATION (E-BANKING)TRAINING PROPOSAL
OBJECTIVES
An effective and efficient financial management system relies on the availability of accurate,
timely financial data. Usually, these data are provided by an organizations accounting system.
Due to factors such as expansion, new reporting requirements (e.g. IFRS), the need to worktowards sustainability, and the availability of relatively low-cost technology (IT), more and more
organizations are putting in place a computerized accounting and e-management system that will
provide them with the data they need, when they need it for prompt/timely managerial decision
making. From the going concern, students who previously had little understanding of this trendin the industry will, at the end of the training be able to:
Appreciate the functionality of accounting software packages and their wide applications ingeneral Enterprise Resource Planning (ERP)
Understand the principles and operations of electronic accounting system/e-banking software
applications
Articulate effective strategy to access the modern day labour market taking the ICT leverage ofour era and excel in their chosen career.
TARGET AUDIENCE
Students in the Departments of Accountancy, Banking and Finance, Insurance, Business
Administration and Management.
COURSE CONTENTS
* Monitoring operations systems
* Payroll analysis and control* Getting to Know Peachtree Accounting
* General Ledger
* Accounts Payable, Accounts Receivable* Payroll
* Inventory
* Job Costing, Budgeting, Company Administration* Time & Billing
* Labor Market/Job Market Access Guide-Beating the challenges of the modern day labor
market/Strategic Career Guide Counseling/Mentoring Session
DURATION
4 days (9:00-5:00Hours)PROJECT FUNDING
100% Trainee-funding Model; Cost Recoverable from the students of the participating faculty &departments.
METHODOLOGY
Instructor-led practical demonstration class using multimedia projector for real time life software
accounting transaction and implementation, Videos & Case studies.
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INTRODUCTION
Every so often labour employers and human resources consultants give
high preference to fresh graduates when recruiting for entry-levelemployment positions. However, it is most time unfortunate that most
fresh graduates fail to acquire the proper practicalworkexperience,
work environment orientation, real life situation accounting, e-
management and Enterprise Resources Planning experience needed to
secure such available jobs which might have been advertised with this
ugly labour market clause, 3-5 years working experience needed
The question here becomes, how then could a freshly graduated
student or graduating student/potential accountants/prospectivefinancial sector operators might have acquired 5 years working
experience? Is it while undergoing training in school or while roaming
the street in search of employment?
By the foregoing, we all see how the above labour market clause of 3-
5 years working experience needed has grossly eliminated the freshly
graduated student from accessing the available jobs, thereby making
him/her to become structurally unemployed and unemployable, not
based on the fact that there are no jobs, but on the grounds of lack ofadequate practical skills and real world accounting and financial
management experience needed to deliver on the critical demands of
the 21st century job market.
This is just painfully the present truth about every economy as there
is no investor or labour employer would like to experiment with his/her
establishment, hence they go in search of prospective employees that
have had the requisite practical skills and experience in order to
minimize chances of operational errors and incurring some forms ofcareless losses in business. Such practical work
experience/ethics/orientation and real life accounting/managerial
experience such as the use of PEACHTREE COMPLETE ACCOUNTING
SOFTWARE (PCA) AND SOURCE-DOCUMENT- ORIGIN BASED
ACCOUNTING/BUSINESS MANAGEMENT LIFE CYCLE could have
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been obtained alongside the conventional diploma and/or degree
certificates as a critical vocational/technical skill necessary for every
potential accountant, manager, and prospective financial sector
operators.
Peachtree Complete Accounting (PCA) is multi-featured accounting,
bookkeeping and business management software program that allows
users to create invoices, statements, pay bills, write checks, track
inventory, manage payroll, do effective job costing, and perform other
accounting and business-related services.
Moreover, understanding the fact that it is only government
establishments that employ certificates, and pay relatively lower, while
the high paying private sector organizations and industries employskills with little or no recourse to traditional paper certificates, and
most of our modern day graduates usually have their eyes on the
private sector where they actually deserve to be employed and have a
means of earning decent wages.
For those that will be daring to establish their own small/medium scale
business, a good vocational skill on business start up and management
using necessary accounting/management software applications will be a
very good leverage for them to successfully catch up with the trendsof time and live up to sustaining their businesses.
In the light of the foregoing, BIP CONSULTING LIMITED, a human
resources development optimization firm is offering a value-based
world class proactive solution-focused partnership arrangement to
tackle this identified problem from a global perspective approach
starting from an in-house modular configuration whereby a synergy will
be built between the department/school and the consulting firm to
adequately train, coach and follow-up all the (interested) students ofthe concerned faculty and departments (Accountancy, Banking,
Financial Studies, Insurance, Business Admin; & Management) to
effectively get started with the Peachtree Complete Accounting
Software application, which is the future of the accounting and
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managerial profession and acquire a real life accounting work
experience while still in school.
THE SITUATION
The world of business management and accounting today is fastbecoming a computer-driven sector. Most companies have automated
their corporate accounting systems. This requires that source
documents are mainly electronic. Journals and ledgers are digitally
prepared as postings are made which makes generating a trading,
profits-and- loss account, balance sheets, and periodic inventory
analysis a more regular routine.
This automation now requires that accountants working in todayscompanies rise to the challenge. It is not surprising therefore, that
companies now insist all applicants for their accounting and financial
management posts be knowledgeable in the use of software for
accounting and financial management. Accountants who dont have the
requisite knowledge find it hard to compete in the job marketplace.
What the Potential Accountants and Business Administrators NeedIn view of the high demand for accountants knowledgeable in the use
of software for book-keeping and accounting, you are better off
equipped with this skill. You need to understand how to use the
software to track inventory, make original entries, extract your trial
balance, prepare your trading, profit, and loss accounts, balance
sheets, and in fraud detection and prevention. You also need to be able
to prepare your accounts as may be demanded by different companies
or regulatory agencies. You should be conversant enough with the
software to know how to adapt it to various real-life scenarios and
accounting challenges.
How We Can Help
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There are several accounting/financial and business management
software packages available for the accountant. Among them are
Peachtree Complete Accounting, RandShake, MYOB, Intuit,
QuickBooks, Tally, among others. Most of these are developed with
several markets in mind. You are shown how to use the various software
packages in automating a companys account. These include setting up
charts of accounts, journal and ledger entries, and financial
statements. We show you how you can use the in-built features to
track inventory, run Trial Balance, Profits and Loss Accounts, and
Balance Sheet; account reconciliation; fraud detection and prevention
and internal control; asset depreciation; business and accounting ratios,
etc. You learn with the aid of case studies of real company accountsand hands-on lab learning. Our methods have proven to be effective in
making Nigerian accountants. You will benefit a lot from this
methodology. We are excited to help you add to your progress and
personal development.
THE PROPOSAL
In order to address the highlighted challenges and help implement an
effective robust guide to efficiently accessing the labour market:
Nigeria and Offshore, by our teaming graduates and beating the
current wave of unemployment in the country and increasing their
entry rate into the labour market, BIP Consulting Ltd will leverage
experienced garnered over the time while working on related projects
of preparing and packaging individuals for optimal performance and
success with respect to career fulfilment, to adequately prepare your
students ahead of their time of graduation upon which, they will join
the labour market in search of job and employment options.To that effect, BIP Consulting Ltd is seeking a consulting and
development partnership with your institution to strategically work out
a FOUR DAY COMPREHENSIVE ACCOUNTING/BUSINESS
MANAGEMENT WORK EXPERIENCE AND PEACHTREE COMPLETE
SOFTWARE ACCOUNTING (PCA) TRAINING FOR ENTRY LEVEL
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JOB POSITIONS IN THE MODERN DAY LABOUR MARKET AND
REAL LIFE ACCOUNTING WORLD.
OUR UNDERSTANDING
Today, the average unemployment life span or time spent searching for
gainful employment in the Nigerian labour market is 4-6 years, while
that of other economies swings between 2-3 years. Thats how long a
typical graduate will likely stay unemployed.
Dont you think it will be a wise use of time to set aside and invest 3 of
these days of theirs now in school to figure out how to approach the
volatile labour market and know how to gainfully access the labour
market with the rest of the time ahead?
PROPOSED SOLUTION OVERVIEW
The major thrust behind this proposal is to evolve a system that will equip
participants with practical accounting skills and competencies needed to be able to
electronically process transactions from source documents to final accounts using
the PEACHTREE COMPLETE ACCOUNTING SOFTWARE (PCA), as well as the
necessary interviewing skills needed to get adequately prepared for a real life
accounting job. In order to effectively carry out this, it is then necessary to
understand how the labor market has preference for experienced fresh graduates
for immediate employment. Labor employers have higher preference for graduates
that have the basic skills upon which they can be trained and built upon for
performance, delivery and maximum efficiency on the job of their specialization.
SUMMARY OF VALUES OF PROPOSED SOLUTION
This in-school training/workshop being proposed by BIP Consulting Ltd is designed
to introduce both students and some staff members to Peachtree Complete
Accounting (PCA), the worlds most popular accounting and bookkeeping software
program available today. The core value driving the need for this workshop is
hinged on its central design to give the students with little or no knowledge of the
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programs capabilities a basic skill set in using the software accounting and banking
program as the future of their career.
Peachtree Complete Accounting is a terrific program to learn, as the skills learnt in
PCA can save valuable time and money in organizations, corporations and
institutions by automating, organizing and structuring the general basis for the
smooth operations and day-to-day running of the organizations business activities.
The proposed 4-day training system when fully deployed would enable your
students to have had their career skill and value grossly optimized and enhanced
with respect to the following key areas of the accounting software application.
The Core Values/Targets of the training include but not limited to the following
areas:
Complete Guide to Peachtree Complete Accounting software installation/upgrades,
single user, multi user & network user guides
Setup tasks: creating a company, setting up company information, running a
company and analyzing company business
Setting up company accounting methods, posting methods, dates and accounting
periods, account aging, finish window and completing setup
Setting up company general ledger: Beginning balances-account segments
Setting up companys customer database, customer beginning balances and
customer maintenance
Setting up company vendors and management
Setting up inventory and maintaining price levels
Setting up employees database and maintaining employees management
Payroll management
Setting up job costing modules
And successful initiation and completion of the following basic tasks using the
Peachtree Complete Accounting software: customer transactions, vendor
transactions, inventory transactions, payroll transactions, general journal and
banking tasks
Preparing and generating, modifying and previewing automated reports such as
financial statements, forms, cash flow analysis management and end of year
reports.
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THE BENEFITS
Here, we present the benefits accruing to you from acquiring the
training
Speed
It is considerably faster to use computers in the preparation and
analysis of books of accounts than using the manual approach.
Understanding how to use accounting in carrying out your daily routines
as an accountant will improve the speed with which you work. This
leaves you with a lot of time to do other things. Peachtree removes the
drudgery of accounting paper-work by automating data capture,
account set-up, ledger postings, and the preparation of financial
statements.Efficiency
The training will equip you with the skills required for efficiency in
accounting. Efficiency and accuracy comes from not glossing over
details. Peachtree enhances book-keeping efficiency by tracking all
your postings and grouping them as appropriate.
Shorter report period
The preparation of financial statements can be quite a daunting task.Peachtree makes it possible for periodic reports on the companys
standings to be made. Management can view daily reports, weekly,
monthly, quarterly, and yearly reports. Comparisons can be made
against basis periods and can be analyzed by item or group.
Brighter Job prospects
Many employers today will not agree to hire an accountant who does
not demonstrate a certain level of competence in computer-basedaccounting. This then implies that the acquisition of this knowledge can
be as important as your degree certificate in securing a job for you.
International Competitiveness
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You cannot compete well in the international market place if your skills are limited
to orthodox accounting principles. You are required to keep up with your
contemporaries abroad. These days, countries are increasingly yielding to the
forces of globalization. This means companies have to adopt a more global outlook
in their books. You are better off equipped for this transition.
COST - BENEFIT ANALYSISThe project cost will cover the 4-day training and digital training materials,
certificate of proficiency and Peachtree Tutorial Guide (i.e. e-manuals). The total
cost of this project will be borne directly by the trainees/participants so that, the
school management/administration will not have to incur any cost to this effect.
This financing model will be such that the beneficiaries of the training will pay
100% of the training fee, while the trainer, BIP Consulting Ltd enters into mutual
agreement with the departments or school on partnership arrangement for
effective execution of this laudable project.
A onetime training and consulting fee of NGN 4000.00 (Four Thousand Naira Only)
per trainee is being proposed for each student, and payments will be collectively
made through the department or the overseeing faculty for the Peachtree
Software Accounting training.
BIP Consulting Limited will also seek the opinion of the faculty heads to make a
general payment for all the students on roll call and encourage them via advice and
counsel, for every student to see the benefits of this training, and be trained for
the gains. In that approach, the overseeing faculty and department will then device
an effective means of collecting the money back from all the students either
during regular school fees payment or through the payment of their regular
departmental or faculty dues, levy (ies) or fees.
In this approach, the faculty is expected to spread the payment in such a way that
the board will have a return on investment for the time and resources beinginvested to properly equip the students.
A 70% sum of the total training fee is expected to be made and confirmed through
the trainers partner financial institution before the training commences, while the
balance of 30% will be completed through the same trainers banking partner
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before the issuance of certificates of proficiency to the participants at the end of
the training session.
CERTIFICATION
At the end of the course, a certificate of proficiency/completion isissued to every successful participant. Each will be assigned a unique
identification number and an online profile is created for easy
verification of certification by employers. The successful student
becomes a certified Computerized Accounting Systems Associate
THE BIP CONSULTING ADVANTAGE
BIP CONSULTING is a company committed to your advancement in
your chosen career. Under BIP CONSULTING services, we undertakeexecutive, corporate, and batch trainings as a means of helping our
clients acquire the much-needed information technology skills to
advance their professional careers in the modern market place.We are very confident that this training/skill acquisition will really put your
students and graduates edges above their peers out there in the labor market as it
will really enhance their skill enrichment in the career of their choice.
We will be proud to associate our consulting services with your great institution
and render your students training and post training services that is second to nonein its category in the industry.
We are ready to be called upon for further details and explanations for fruitful
project execution such that it will be recorded among the strides of your tenure in
the office.
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