There is a significant gap between the practical requirements of a the F&A function in the industry, and the knowledge imparted by conventional university education.
This gap is highlighted below –
What an effective and efficient F&A function/department in industry really needs is to deliver the following consistently, day in and day out:
- Complete & Correct Accounting
- Accurate & Timely Financial Statements (Profit & Loss, Balance Sheet, Cash Flow statements)
- Appropriate Interpretation of Financial Statements (Management Reports)
- Sound & Effective Internal Controls
- Effective compliance with the business and commercial laws of the land
The key to ensuring all of the above would (in most cases) be a set of people who are so well trained in the process of these functions that they never get it wrong.
Unfortunately, most university & professional courses do not focus adequately in-depth on the above Essentials. Instead, they cover a large number of topics at a surface level, most of which have limited job value. The focus on the “Key & Essential” therefore remains diluted.
It is this gap that SoundBasics wishes to fill. Most of the SoundBasics offerings focus more on the “Key & Essential” part of the F&A function.
With a skillfully hand-picked content (Essential Theory), aided by a custom built software that simulates real work situations, world class study materials & lectures, and a unique, software-aided assessment tool – SoundBasics is the F&A career aspirant’s best bet to get ready for taking on the real world of Finance, Accounts, Controls and Compliances!
Title: Bridge skill gap
Reviewed by soundbasics
Summary: To fill a Bridge Skill Gap, Complete & Correct Commerce/Accounting knowledge
Description: Complete & Correct Accounting, Accurate & Timely Financial Statements (Profit & Loss, Balance Sheet, Cash Flow statements), Appropriate Interpretation of Financial Statements (Management Reports), Sound & Effective Internal Controls, Effective compliance with the business and commercial laws of the land