PROJECT ITCI® – INFORMATION TECHNOLOGY COMPETENCY INITIATIVES
OUR STRATEGIC PROPOSAL TO
EXPONENTIALLY ENHANCE THE COMPETENCY OF YOUR MANAGEMENT SCIENCES
STUDENTS/GRADUATES AND INCREASE THEIR ICT LABOUR MARKET VALUE AND PENETRATION
RATE IN THE FACE OF GROWING ACCOUNTING/E-BANKING
SOFTWARE APPLICATION (FORENSIC ACCOUNTING/E-BANKING SOFTWARE APP IN MODERN
DAY MANAGEMENT) IN AN ICT DRIVEN LABOUR MARKET AS WELL AS EQUIPPING THEM WITH
THE CONTEMPORARY STRATEGIES FOR EFFECTIVELY ACCESSING THE LABOUR MARKET IN
ORDER TO BEAT THE GROWING STRUCTURAL UNEMPLOYMENT IN THE JOB MARKET – BEING OUR STRATEGIC 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”
SUBMITTED TO:
THE FACULTY DEAN, SOCIAL SCIENCES/ADMIN
UNIVERSITY OF NIGERIA
SUBMITTED BY:
BIP
CONSULTING LIMITED
18 Handcraft
Villa, Trans-Corp Hilton
Central
Business District FCT, Abuja
09-4836442, +1-301-4839-500
Sir,
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
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 world’s largest comprehensive accounting/ERP software application.
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 organization’s accounting system. Due
to factors such as expansion, new reporting requirements (e.g. IFRS), the
need to work towards 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 trend in the industry will, at the end of the training
be able to:
Appreciate the functionality of accounting
software packages and their wide applications in general 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 of our 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
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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.
|
INTRODUCTION
Every so
often labour employers and human resources consultants give high preference to
fresh graduates when recruiting for entry-level employment positions. However,
it is most time unfortunate that most fresh graduates fail to acquire the
proper practical work experience, 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/prospective financial 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 of adequate 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 of careless 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 LIFE CYCLE could
have 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 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 employ skills 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 trends of 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 of the 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
managerial profession and acquire a real life accounting work experience while
still in school.
THE
SITUATION
The world of accounting today is fast becoming 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 today’s
companies 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 don’t have the requisite knowledge find it hard to compete in
the job marketplace.
What
the Potential Accountants/Bankers Need
In 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
There are several accounting/financial 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 company’s 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 accounts and 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 WORK EXPERIENCE
AND PEACHTREE COMPLETE SOFTWARE ACCOUNTING (PCA) TRAINING FOR ENTRY LEVEL 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. That’s how
long a typical graduate will likely stay unemployed.
Don’t 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 world’s 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
program’s 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 organization’s 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 company’s 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.
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 company’s
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-based accounting.
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
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 ANALYSIS
The
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 being
invested to properly equip the students.
A 70%
sum of the total training fee is expected to be made and confirmed through the
trainer’s partner financial institution before the training commences, while
the balance of 30% will be completed through the same trainer’s banking partner
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
is issued 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 undertake
executive, 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
none in 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.
Yours
faithfully
For: BIP
Consulting Limited
Dr Mrs. Ugo Josef
