Course Description
A Senior Certified Professional is a highly skilled and experienced expert recognized for their advanced knowledge and proficiency in a specific field. They have demonstrated exceptional competence through rigorous certification processes and practical experience. These professionals are adept at leading complex projects, mentoring junior staff, and driving strategic initiatives. Their expertise is crucial in making informed decisions, optimizing processes, and ensuring the highest standards of quality and efficiency in their domain.
Detailed Learning Outcomes
By earning the Project Management Certification (PMC), candidates demonstrate the ability to:
Module 1 - Accounting - Merchandising Transactions
- Merchandising Transactions
- Gross Selling Price
- Returns and Allowances
- Cost of Goods Sold
- Classified Income Statement
Module 2 - Measuring and Reporting Inventory
- Merchandise Inventory
- Determining Inventory Costs
- Four Inventory Costing Methods
- Pro’s and Con’s of the Four Costing Methods
- Journal Entries for the Peretual Inventory Procedure
- Departures from Cost Basis for Inventory Measurement
Module 3 - Accounting - Control and Monitoring of Cash Assessment
- Control of Cash
- Internal Contols
- Controling Cash
- The Bank Checking Account
- Bank Reconcilliation
- Petty Cash Fund
Module 4 - Accounting - Receivables and Payables
- Accounts Receivable
- Uncollectable Accounts
- Write-offs and Recoveries
- Current Liabilities
- Notes Receivable and Note Payable
- Short Term Financing through Notes Payable
Module 5 - Adjustments for Financial Reporting
- Cash versus Accrual Basis Accounting
- Classes and Types of Adjusting Entries
- Adjustments for Deferred Items - Expenses
- Adjustments for Deferred Items - Depreciation
- Adjustments for Accrued Items
Module 6 - Accounting and Its Use in Business Decisions
- The Accounting Environment
- Accounting Defined
- Overview of Accounting
- Financial Statements of Business Organizations
- The Financial Accounting Process
- How Transactions Affect Income Statements and Balance Sheets
- Dividends and Equity Ratios
- Corporate versus Sole Proprietorship or Partnership Accounting
Module 7 - Recording Business Transactions in Accounting
- The Account and Rules of Debit and Credit
- Recording the Transactions
- The Accounting Cycle
- The Accounting Process in Operation
- Analyzing and Using the Financial Results
- The Use of Ledger Accounts
Module 8 - Completing the Accounting Cycle
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- The Work Sheet
- Preparation of Financial Statements from the Work Sheet
- Accounting Systems: From Manual to Computerized
- The Closing Process
- A Classified Balance Sheet
- Analysis-Current Ratio
Module 9 - Accounting Theory
- Traditional Accounting Theory
- Major Principles
- Modifying Conventions
- Objectives of Financial Statements
- Basic Elements of Financial Statements
Module 10 - Financial Topics
-
- Foundation 1
- Foundation 2
- Checking Accounts
- Short Term Savings
- Credit
- Summary
- Foundation 3
- Money Management
- Matching Product
- Comparision with Cash Management
- Emergency Fund
- Managing Debt
- Insurance and Protection
- Employee Wages
- Employee Benefits
- Stock and Commodities Markets
- Inflation
- Homeowners Insurance
- Taxation
- Shares and Bonds
Certification Validity & Renewal
The Project Management Certification (PMC) issued by GIPMC is valid for three (3) years from the date of certification award.
Renewal is designed to:
- Maintain professional credibility
- Ensure continued alignment with modern project practices
- Protect the long-term value of the certification
Renewal Process Includes:
- Completion of defined continuing professional development or knowledge refresh requirements
- Successful renewal assessment or verification, as applicable
- Submission of renewal application before certification expiry
Timely renewal allows professionals to retain active certification status without interruption.