Diploma In Professional Corporate Accounting

Syllabus
Sl no Topic Expected Hours
1 Basics of Professional Accounting

  • Need of Accounting
  • Accounting Flow 
  • Accounting Entries – Basics
  • Introduction to Capital, Liabilities & Assets
  • Introduction to Income & Expenditure
  • Capital Expenditure vs. Revenue Expenditure
  • Accounting Entries – Contra Entries & Journal Entries
5
2
  • Stages in Professional Accounting
    • Primary Book Entry
    • Ledger Entry
    • Trial Balance
    • Preparation of Financial Statement – Balance Sheet and Profit & Loss Account
10
3 Incorporation of a Corporate Body

  • Private Company & Public Company
  • Limited Liability Partnership (LLP)
5
4 Corporate Accounting – Practical Perspective – Introduction

  • Requirement of Financial Statements
  • Format of Financial Statements
  • Components of Financial Statements
  • Compliance of Accounting Standards
  • Disclosures in Financial Standards
10
5 Special accounting for Corporate Accounting

  • Accrual Basis of Accounting
  • Concept of Share Capital & Reserves
  • Accounting for Share Capital 
  • Accounting for Debentures, Bonds & Debentures
  • Concept of Dividend and Accounting
10
6 Fixed Asset Accounting 

  • Gross Block & Depreciation Block
  • Determination of Depreciation as per Companies Act
  • Useful Life concept
5
7 Income Tax for Corporates

  • Regular Income Tax
  • Advance Tax
  • Concept of TDS as Advance Tax
  • Minimum Alternate Tax
  • Transfer Pricing for Corporates
10
8 TDS provisions for Corporate entities 10
9 Statutory Compliances for Corporates

  • TDS
  • PF, ESI
  • Labour laws and corporate entities
15
10 Deferred Tax for Companies 3
11 Related party transactions in corporates 2
12 GST for corporates 10
13 Preparation of Projected and Provisional Statements 5
14 Audit for Corporate Entities 5
15 Accounting in Computerized Environment 5
16 Income Tax Return Filing, Assessments etc. 10

Eligibility

  • +2/B.Com/ BBA

Duration

  • 4 months (240 hours)

Course Covers

  • Professional Accounting
  • Financial Reporting – Preparation of Trial Balance, Profit & Loss and Balance
    Sheet
  • Professional Corporate Accounting
  • Management Accounting
  • Management Information Systems (MIS)
  • Income Tax – Accountants’ Perspective
  • Goods and Services Tax (GST) – Accountants’ Perspective
  • Statutory Compliances & Return Filing
  • Computerized Accounting