Gaining the right amount of theoretical knowledge is essential; however we have always known the plain truth: there is no substitute for practical experience. This is why we have designed our practical training program to enable graduates to experience a real, work environment.

Who is this program designed for?

This practical training program, specially designed by Platinum Professional Training, suits anyone who has some accounting knowledge/background.

The Training is also suitable for accountants who need to perform advanced accounting duties or for people from overseas seeking to gain experience in an Australian accounting firm.

Training Program

Accountant Program Target Audience

  • People from overseas requiring work experience in an Australian accounting work environment.
  • Accounting students who are still studying in university, studying in TAFE or just graduating.
  • Accounts Clerks who have limited working experience in small/medium companies.


  • Approximately 3 months part time


  • MYOB, Xero, Reckon and Excel


  • FNSTPB401 Complete business activity and instalment activity statements

Relevant in applying for the following roles:

  • Accountant, Assistant Accountant, Accounts Office, Bookkeeper, Junior Accountant


Topic 1 Accounts Payable/Accounts Receivable

  1. AP control procedures in small/large organisation
  2. Matching, batching and coding
  3. Processing invoices and payments
  4. Reconciliation of supplier accounts
  5. Preparing an invoice summary as a backup for an accounting team

Topic 2 Credit Card Reconciliation

  1. Credit card control procedures
  2. Preparing credit card approval summary spreadsheet
  3. Processing charges and payments
  4. Reconciling credit card accounts

Topic 3 Bank Reconciliation

  1. Processing transactions under different scenarios eg How to deal with refunds and Direct Debits
  2. Reconciling accounts
  3. Running ageing reports for monthly payment run
  4. Understanding the M-Powered Service Centre

Topic 4 Business Activity Statement

  1. Detailed information for Business Activity Statement items, eg FBT, PAYG, LCT
  2. Running GST Reports, both summary and detailed
  3. Calculating GST Collected and GST Paid amounts
  4. Filling and lodging BAS

Topic 5 Payroll

  1. Set-up payroll function
  2. Set-up Employee Cards
  3. Calculating entitlements like sick leave and holiday leave
  4. Accrued leave
  5. Calculating Superannuation and PAYG
  6. Processing payroll

Topic 6 Inventory

  1. Bookkeeping for stock management
  2. Setting up item register
  3. Periodic stocktake and adjustment
  4. Issue purchase order
  5. Receive and post purchase order

Topic 7 Prepayment

  1. Understanding the monthly work flow
  2. Updating prepayment spreadsheet for General Ledger reconciliation purpose
  3. Recording journal entries
  4. Running balance sheet reports

Topic 8 Fixed Asset Register

  1. Calculating depreciation under Straight Line and Diminishing Value Method
  2. Updating Fixed Asset Register
  3. Use of check-points on the spreadsheet
  4. Recording journal entries

Topic 9 Accruals

  1. Comparing actual and budget values
  2. Running relevant reports, Profit & Loss statements and Balance Sheet
  3. Accrual procedures for both small and listed companies
  4. Using V-Look up function
  5. Understanding the concept of forward dated invoices

Topic 10 Cost Centre Analysis

  1. Procedures of setting up cost centres for companies
  2. Understanding the relevance of different cost centers
  3. Performing analysis using Flash Reports
  4. Generating Pivot Tables
  5. Writing a business email

Topic 11 Accounting System Comparison: SAP and Xero

  1. Comparison of all types of accounting software
  2. Introduction to SAP FICO module
  3. Xero set up file and bank feed
  4. Xero accounts payable and accounts receiveable
  5. Xero GL reconciliations
  6. Preparation of BAS in Xero

Topic 12 Individual Tax Return & Company Tax Return

  1. Understanding of Australian taxation law
  2. Introduction to various tax structures
  3. Income, deductions, offset and lodgement
  4. Outline of the Individual returns process
  5. Outline of the Company returns process

Topic 13  Forecast

  1. Procedures of quarterly forecast for manufacturing company
  2. Design forecast templates for branches
  3. Liaise with branch managers to collect forecast info
  4. Consolidate forecast at national level
  5. Forecast v Budget, Forecast v Actual analysis

Topic 14  Budget

  1. Procedures of yearly forecast for manufacturing company
  2. Design sales budget templates for branches
  3. Design expense budget templates for branches
  4. Assist with branch managers to generate budget info
  5. Payroll and capex budget
  6. Consolidate budget at a national level
  7. Work with large Excel spreadsheets
  8. Prepare and present budget to the Board

Topic 15  Cash Flow

  1. Design daily and monthly cash flow templates
  2. Use cash flow to perform an insolvency test
  3. Use cash flow to perform a feasibility study
  4. Use Macro recording function for cash flow statements
  5. Use Visual Basic Editor for cash flow statements