Peat Chree

7/31/2019 Peat Chree

1/11

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.


2/11

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.


3/11

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


4/11

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


5/11

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


6/11

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


7/11

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


8/11

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.


9/11

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


10/11

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


11/11

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.

Documents

Peat Chree