Accounting Fundamentals Concepts
Meaning and Process of Accounting
Accounting Concepts
Accounting Standards
Steps of Book-Keeping – Source Documents, Voucher Entries, Ledger Posting and Trial Balance.
Preparation of Final Statements (Trading Account, Profit & Loss Account and Balance Sheet)
Ratio Analysis, Rectification of Errors, Revenue and Capital Expenditure, BRS
Depreciation and its Accounting
Cost Application – Cost Concepts, cost Sheet, Marginal Costing.
Tally and Busy Softwares latest version.
Introduction of Tally with use of Tally for accounting.
Professional Operating of Tally software.
Difference between Educational and Professional version of Tally.
Tally Configuration, Tally Migration Data, Remote Access
Company Creation on Tally with actual data.
Enable/Disable of Tally Features.
Group Company and predefined groups.
Voucher Types, Voucher Creation and Voucher Entry with advanced voucher types.
Zero Valued Entries, Actual and Billed Quantity vouchers, Physical Stock Voucher.
Inventory Features like Godowns, Price List etc.
Cost Centre, Credit Limit, Cheque Printing, Interest Calculation.
Introduction to GST
Various forms of GST
About CGST and SGST
About IGST
About Registration Process under GST
Threshold Limit for Composition Dealer or Regular Dealer
Who is liable to pay GST?
Who is Registered Dealer?
Who is Composition Dealer?
About GST Return File
Knowledge about GSTR-1, GSTR-2, GSTR-3 or GSTR-3B
What is e-way bill and who is liable to file e-way bill?
Project- Self Assessment of students and assessment by faculties.
Tally Advance (Statutory & Taxation)
Quick Setup – Excise for Manufacturer, Excise for Dealer, TDS and TCS.
Excise – Type of Excise Duty, Excise for Dealer and Excise for Manufacturer, CENVAT Credit and Excise Return Forms.
GST – Type of GST, CGST, SGST, IGST.
Payroll – Payroll Report, Salary Slip, Attendance Report, PF, ESI and Gratuity reports and calculations.
Fundamentals of Banking, Investments and Insurance which includes banking procedure, project financing, investment option and online share trading.
Banking fundamentals, practical overview of Banking Investment and Insurance.
Preparation of Loan project.
Introduction of Investments, available investment option with important terminology.
Concepts of Portfolio Management and its advantage.
Types of Market and provisions related to Stock Market.
Demat account opening and its working procedure.
Online share trading, Primary Market and Secondary Market.
Insurance sector basics, Life Insurance fundamental
Agency Law, working as an insurance advisor.
Knowledge of Company Law, Including Gratuity Act, Partnership Act, ESI, PF and Bonus Act.
Payment of Gratuity Act 1972- Meaning, Application, Calculation, Payment Procedure etc.
Indian Partnership Act 1932- Introduction, Types of Partnerships, Types of partners, Partnership Deed, Registration procedure, Admission of partner, retirement of partner and dissolution of partnership etc.
Employee’s State Insurance Act 1948- Meaning, Application, Advantage of the scheme, process etc.
Payment of Bonus Act 1965- Introduction, Applicability, Computation, Calculation of Bonus, Payment etc.
Employees Provident Fund- Introduction, Applicability, Benefits of the Act, Contribution, Interest etc.
Annual Statement of Accounts, PF Settlement, Employer’s responsibility, employee ‘s responsibility.
Forms and challans etc.
Company Law - Nature and Classes of company, Incorporation of company Prospectus, Share Capital and Shares, meaning and terms related to director, meeting, types of meeting, manual as well as computerized preparation of forms and Return using MCA- 21.
Software covered- online overview of MCA- 21 using internet.
Meaning and need of Auditing with various concepts related to topics.
Meaning of Auditing and Auditor with its use and need.
Various concepts related to Internal Audit and Statutory Audit.
Audit training under Chartered Accountant.
