Estimated Duration: 24 minutes

Learning Outcome: Participants will master foundational Odoo database configuration and master data setup.

Module-Level Objective

Upon completion of this module, participants will be able to:

• Identify the critical configuration steps required to establish a functional Odoo accounting database

• Distinguish between default system settings and custom configuration requirements

• Recognize the relationship between master data setup and downstream transaction processing

Sub-Module Learning Objectives

1. Database Creation & Initial Setup

   1. Identify the steps to create an Odoo database and verify email confirmation

   2. Recognize the purpose of default applications in a new Odoo environment

   3. Access the module:

2. Company Information & Fiscal Localization

   1. Identify the required company information fields for proper localization

   2. Recognize how fiscal localization packages affect default tax and accounting configurations

3. Contact Master Data (Customers & Vendors)

   1. Identify the key fields required when creating customer and vendor records

   2. Distinguish between parent and child contact relationships

   3. Recognize how contact hierarchies enable centralized master data management

4. Currency Configuration

   1. Identify the purpose of multi-currency setup in Odoo accounting

   2. Recognize how automatic exchange rates affect transaction recording

5. Tax Configuration

   1. Identify the components of a tax record (rate, accounts, scope)

   2. Distinguish between sales tax and purchase tax configurations

   3. Recognize the relationship between tax configurations and account mappings

6. Product Master Data

   1. Identify the critical fields in product setup (pricing, accounts, taxes)

   2. Recognize how product configurations affect both sales and purchase transactions

7. Chart of Accounts Configuration

   1. Identify account types and their impact on financial reporting

   2. Distinguish between balance sheet and income statement accounts

   3. Recognize the importance of proper account hierarchies

Estimated Duration: 34 minutes

Learning Outcome: Participants will execute customer invoices, vendor bills, and related credit transactions.

Module-Level Objective

Upon completion of this module, participants will be able to:

• Identify the complete revenue cycle workflow from invoice creation to payment

• Distinguish between invoices and credit notes and their accounting treatments

• Recognize how purchase transactions mirror sales cycle processes

Sub-Module Learning Objectives

1. Invoice Creation & Billing Fundamentals

   1. Identify the required fields in a customer invoice

   2. Distinguish between draft, posted, and cancelled invoice states

   3. Recognize the purpose of invoice line taxes and account assignments

2. Recurring Invoices & Automation

   1. Identify scenarios where recurring invoices improve operational efficiency

   2. Recognize how recurring invoice templates prevent manual data entry

3. Invoice Deletion & Cancellation

   1. Distinguish between invoice cancellation and complete deletion

   2. Identify the accounting impact of reversing an invoice

4. Credit Notes for Returns & Adjustments

   1. Identify the purpose of credit notes in the revenue cycle

   2. Recognize how credit notes reverse invoice transactions

   3. Distinguish between full and partial credit notes

5. Vendor Bill Processing

   1. Identify the required fields in a vendor bill

   2. Distinguish between vendor bills and customer invoices

   3. Recognize bill matching processes for payment authorization

Estimated Duration: 69 minutes

Learning Outcome: Participants will execute two-step and three-step bank reconciliation processes.

Module-Level Objective

Upon completion of this module, participants will be able to:

• Identify the two-step and three-step reconciliation methodologies

• Distinguish between unmatched transactions and reconciling items

• Recognize how bank statement import methods affect reconciliation workflow

• Apply reconciliation best practices to resolve outstanding items

Sub-Module Learning Objectives

1. Bank Journals & Reconciliation Fundamentals

   1. Identify the purpose of bank journals in the accounting system

   2. Distinguish between bank statements and Odoo payment records

   3. Recognize the reconciliation process flow

2. Two-Step Bank Reconciliation

   1. Identify when two-step reconciliation is appropriate (simple, low-volume accounts)

   2. Recognize the matching process for payments and deposits

   3. Distinguish between matched and unmatched items

3. Outstanding Payment Processing (No Entry in Books)

   1. Identify payments appearing on bank statements but not recorded in Odoo

   2. Recognize the treatment of bank fees and adjustments

   3. Distinguish between temporary and permanent reconciling items

4. Three-Step Bank Reconciliation

   1. Identify when three-step reconciliation is necessary (complex, high-volume accounts)

   2. Distinguish between payment matching and transaction matching

   3. Recognize the multi-stage matching process

5. Reconciliation Models & Automation

   1. Identify how reconciliation models automate matching rules

   2. Recognize the purpose of reconciliation tolerances

   3. Distinguish between manual and rule-based matching

6. Bank Statement Import Methods

   1. Identify available methods for importing bank statements (manual, CSV, API, OCR)

   2. Distinguish between automated synchronization and manual file upload

   3. Recognize the impact of import format on reconciliation efficiency

Estimated Duration: 82 minutes

Learning Outcome: Participants will generate and interpret accounting reports and manage period-end closing procedures.

Module-Level Objective

Upon completion of this module, participants will be able to:

• Identify accounting reports available in Odoo and their purposes

• Distinguish between tax and financial reporting requirements

• Recognize proper period-end close procedures and lock date controls

• Apply year-end and tax-year closing methodologies

Sub-Module Learning Objectives

1. Accounting Reports & Financial Statements

   1. Identify available accounting reports (trial balance, GL, P&L, balance sheet)

   2. Recognize how journal entries affect report accuracy

   3. Distinguish between period-specific and custom date range reporting

2. Dashboard & Document Management

   1. Identify how Documents application organizes financial records

   2. Recognize the purpose of custom dashboards in financial analysis

   3. Distinguish between pre-built and custom reporting views

3. Lock Dates: Soft & Hard Lock

   1. Identify the purpose of soft and hard lock dates

   2. Distinguish between soft locks (warning) and hard locks (prevention)

   3. Recognize how lock dates protect completed accounting periods

4. Tax Closing Process

   1. Identify the steps in the tax closing checklist

   2. Recognize tax reporting requirements and deadlines

   3. Distinguish between tax adjusting entries and permanent records

   4. Identify the journal entry process for tax payments

5. Year-End Closing Procedures

   1. Identify the sequence of year-end closing activities

   2. Recognize the purpose of closing journal entries

   3. Distinguish between temporary (income) and permanent (asset) accounts

   4. Identify how year-end closing affects financial reporting

Estimated Duration: 30 minutes

Learning Outcome: Participants will apply analytic accounting and fixed asset management.

Module-Level Objective

Upon completion of this module, participants will be able to:

• Identify analytic accounting concepts and cost allocation methods

• Distinguish between profit center and cost center analysis

• Recognize fixed asset accounting requirements and depreciation methods

Sub-Module Learning Objectives

1. Analytic Accounting & Cost Allocation

   1. Identify the purpose of analytic accounts in cost allocation

   2. Distinguish between dimension-based and account-based analytic tracking

   3. Recognize how analytic transactions support profit center reporting

2. Fixed Assets & Depreciation

   1. Identify fixed asset account categories and useful life considerations

   2. Distinguish between book and tax depreciation methods

   3. Recognize depreciation expense calculations and journal entry automation

   4. Identify fixed asset disposal and retirement procedures