WSQ - Advanced Transactional Accounting with Xero

Topic 1: Prepare Accounting Treatments

• What is double entry accounting? 
• Setting Up company & chart of accounts 
• Setting up bank account 
• Contact management 
• Inventory management 

Topic 2: Produce Financial Statements

• Managing sales transactions 
• Managing purchase transactions
• Bank reconciliation
• Financial reporting and tracking
•  Budget manager

Topic 3: Accounting Standards

• Overview of accounting principles and GAAP
• The accrual principle 
• Impact of financial standards on financial statements 

Final Assessment

• Written Assessment - Short Answer Questions (WA-SAQ)
• Practical Performance (PP)

Promotion Code

Promo or discount cannot be applied to WSQ courses

Minimum Entry Requirement

Knowledge and Skills

• Able to operate using computer functions
• Minimum 3 GCE ‘O’ Levels Passes including English or WPL Level 5 (Average of Reading, Listening, Speaking & Writing Scores)

Attitude

• Positive Learning Attitude
• Enthusiastic Learner

Experience

• Minimum of 1 year of working experience.

Prerequisite: Basic Xero knowledge. 

Minimum Entry Requirement

Software:

You can sign up the cloud version of  Xero Accounting

Hardware: Windows and Mac Laptops

About Progressive Wage Model (PWM)

The Progressive Wage Model (PWM) helps to increase wages of workers through upgrading skills and improving productivity. 

Employers must ensure that their Singapore citizen and PR workers meet the PWM training requirements of attaining at least 1 Workforce Skills Qualification (WSQ) Statement of Attainment, out of the list of approved WSQ training modules.

For more information on PWM, please visit MOM site.

Funding Eligility Criteria

Steps to Apply Skills Future Claim

• The staff will send you an invoice with the fee breakdown.
• Login to the MySkillsFuture portal, select the course you’re enrolling on and enter the course date and schedule.
• Enter the course fee payable by you (including GST) and enter the amount of credit to claim.
• Upload your invoice and click ‘Submit’

SkillsFuture Level-Up Program

The  SkillsFuture Level-Up Programme provides greater structural support for mid-career Singaporeans aged 40 years and above to pursue a substantive skills reboot and stay relevant in a changing economy. For more information, visit SkillsFuture Level-Up Programme

Get Additional Course Fee Support Up to $500 under UTAP

The Union Training Assistance Programme (UTAP) is a training benefit provided to NTUC Union Members with an objective of encouraging them to upgrade with skills training. It is provided to minimize the training cost. If you are a NTUC Union Member then you can get 50% funding (capped at $500 per year) under Union Training Assistance Programme (UTAP).

For more information visit NTUC U Portal – Union Training Assistance Program (UTAP)

Steps to Apply UTAP

• Log in to your U Portal account to submit your UTAP application upon completion of the course.

Note

• SSG subsidy is available for Singapore Citizens, Permanent Residents, and Corporates.
• All Singaporeans aged 25 and above can use their SkillsFuture Credit to pay. For more details, visit www.skillsfuture.gov.sg/credit
• An unfunded course fee can be claimed via SkillsFuture Credit or paid in cash.
• UTAP funding for NTUC Union Members is capped at $250 for 39 years and below and at $500 for 40 years and above.
• UTAP support amount will be paid to training provider first and claimed after end of class by learner.

Appeal Process

1. The candidate has the right to disagree with the assessment decision made by the assessor.
2. When giving feedback to the candidate, the assessor must check with the candidate if he agrees with the assessment outcome.
3. If the candidate agrees with the assessment outcome, the assessor & the candidate must sign the Assessment Summary Record.
4. If the candidate disagrees with the assessment outcome, he/she should not sign in the Assessment Summary Record.
5. If the candidate intends to appeal the decision, he/she should first discuss the matter with the assessor/assessment manager.
6. If the candidate is still not satisfied with the decision, the candidate must notify the assessor of the decision to appeal. The assessor will reflect the candidate’s intention in the Feedback Section of the Assessment Summary Record.
7. The assessor will notify the assessor manager about the candidate’s intention to lodge an appeal.
8. The candidate must lodge the appeal within 7 days, giving reasons for appeal 
9. The assessor can help the candidate with writing and lodging the appeal.
10. he assessment manager will collect information from the candidate & assessor and give a final decision.
11. A record of the appeal and any subsequent actions and findings will be made.
12. An Assessment Appeal Panel will be formed to review and give a decision.
13. The outcome of the appeal will be made known to the candidate within 2 weeks from the date the appeal was lodged.
14. The decision of the Assessment Appeal Panel is final and no further appeal will be entertained.
15. Please click the link below to fill up the Candidates Appeal Form.

• Accountant
• Bookkeeper
• Financial Controller
• Business Owner
• Finance Manager
• Accounts Payable Specialist
• Accounts Receivable Specialist
• Financial Analyst
• Small Business Consultant
• Office Manager
• Payroll Administrator
• Budgeting Specialist
• Tax Preparer
• Accounting Clerk
• Finance Coordinator

Iris Wang: Iris Wang is a finance and accounting professional with over 15 years of experience in corporate accounting, financial reporting, and business management. Having worked across multinational companies and SMEs, she has led teams in implementing accounting systems, managing audits, and streamlining financial operations. Iris is also an experienced trainer specializing in accounting software, digital bookkeeping, and financial process automation. Her expertise in Xero, QuickBooks, and MYOB has enabled numerous organizations to adopt modern, cloud-based accounting practices that improve efficiency and compliance.

In “Advanced Transactional Accounting with Xero,” Iris focuses on helping learners master the practical aspects of managing complex accounting transactions using Xero. Her sessions cover topics such as multi-currency reconciliation, journal adjustments, reporting automation, and financial data analysis. Through hands-on exercises and real-world case studies, she equips participants with the technical skills and strategic insight to manage advanced financial workflows and optimize business accounting performance with Xero.

Gary Chan - Gary Chan is a Chartered Accountant (ACCA, ISCA) with over 25 years of senior leadership experience in corporate finance, strategic management, and international business expansion. He has held positions such as Regional CFO, Director of Corporate Services, and Vice President for Asia Pacific in Fortune 500 companies, where he was responsible for financial planning, P&L management, and operational efficiency. Currently the Principal Trainer and Consultant at Smart Skill Training & Consulting, Gary has delivered financial literacy and accounting system training to leading institutions such as Singapore Polytechnic and the Institute of Financial Literacy.

As an ACTA-certified trainer, Gary is skilled in equipping learners with practical accounting knowledge and system proficiency. His expertise in cloud-based solutions like Xero allows him to guide participants through advanced transactional accounting processes, including reconciliations, multi-currency management, and financial reporting. His approach ensures that learners gain confidence in applying Xero to streamline accounting workflows and support data-driven financial decisions.

Soo Chee Kong (Malcolm Soo) - Soo Chee Kong, also known as Malcolm Soo, is a Chartered Accountant of Singapore with extensive experience in financial planning, management reporting, and compliance. Having served in finance leadership roles at organizations such as JTC Corporation, Eu Yan Sang, and Sumitomo Electric, he has managed large-scale budgeting processes exceeding billions in revenue and expenditure. His professional expertise also includes implementing SAP financial systems, developing financial models, and evaluating capital expenditure proposals.

As an ACTA-certified trainer, Malcolm has taught accounting and finance courses for LCCI and non-financial professionals. In this course, he focuses on helping learners master advanced Xero features for transactional accounting, such as accounts receivable/payable management, reporting customization, and compliance with financial standards. His hands-on, case-based teaching method ensures participants acquire practical skills to apply Xero effectively in their workplace.

Bell Ang Chai Huat - Bell Ang is a CPA (Singapore, Australia) and finance professional with over 40 years of experience in accounting, financial reporting, and IT consulting. She has served as Regional Finance Manager and Finance Manager for multinational organizations, where she was responsible for ERP implementation, business process improvements, and financial analysis. Proficient in Oracle, Hyperion, MYOB, Accpac, and Xero, she combines deep technical knowledge with a strong grasp of accounting practices.

As an ACTA-certified trainer, Bell has delivered training in accounting systems and management reporting. In this program, she equips learners with advanced transactional accounting skills using Xero, covering reconciliations, complex transactions, and financial analysis. Her training approach bridges technical system functions with accounting best practices, ensuring participants develop job-ready expertise in managing advanced financial processes through Xero.