Professional Diploma in Accounting and Taxation

Introduction to Professional Accounting (Expected Hours: 4)

  • Need of Accounting
  • Accounting Flow 
  • Types of Business Entities
  • Accounting Entries – Basics
  • Introduction to Capital, Liabilities & Assets
  • Introduction to Income & Expenditure
  • Capital Expenditure vs. Revenue Expenditure
  • Accounting Entries – Contra Entries & Journal Entries

Stages in Professional Accounting (Expected Hours: 25) 

  • Primary Book Entry
  • Ledger Entry
  • Trial Balance

Preparation of Financial Statement (Expected Hours: 25)

  • Balance Sheet and Profit & Loss Account for Proprietorship Firm
  • Partnership Firms
  • Companies – Private Limited & Public Limited
  • Trusts
  • Practical examples on Preparation of Financial Statements

Accounting – in Real Time (Expected Hours: 6)

  • Introduction to Bank Transactions – Cheques / NEFT / RTGS / DD
  • Bank Accounts – Savings Account, Current Account, Overdraft Account & Loan Account
  • Bank reconciliation
  • Need for Bank Reconciliation
  • Aspects of Bank Reconciliation
  • Accounting for Special Bank Transactions

Accounting For Fixed Assets (Expected Hours: 4)

  • Nature of Fixed Assets
  • Cost of Fixed Assets
  • Depreciation Accounting 
  • Concept of Useful Life, Salvage Value etc.
  • Sale of Fixed Assets – Accounting – Recognition of Profit / Loss

Income Tax&Tax Deducted At Source (Expected Hours: 10)

  • Concept of TDS
  • Applicability of TDS for business entity
  • Provisions of TDS & applicable payments
  • Rates of TDS and limits of expenses
  • Compliance of TDS
  • Filing of TDS Returns and Payment of TDS
  • Consequence of non-deduction of TDS

Income tax provisions for accountants (Expected Hours: 10)

  • Residential status
  • Income from salary
  • Income from house property
  • Profit or gains from business or profession
  • Capital gains
  • Income from other sources
  • Chapter VI-a deductions and rebates
  • Return filing due dates and penalties
  • Income tax E- filings

PF / ESI – Statutory Compliance (Expected Hours: 6)

  • Introduction to PF, ESI
  • Applicability of PF and ESI
  • Payment of PF & ESI

Goods & Service Tax (Expected Hours: 30)

  • Introduction to GST
    GST – Statutory Compliance
    GST – Invoice, Debit Note, Credit Note
    Payment of GST & Input Tax Credit
    Filing of Returns under GST

Introduction to Computerized Accounting – Tally ERP 9 & Prime (Expected Hours: 60)

Concept of Management Information System Reports (MIS Reporting) (Expected Hours: 10)

SAP Programs (Expected Hours: 40)

Accounting Software (Expected Hours: 10)

  • Introduction to Quickbooks Accounting

MS EXCEL

  • Computer Basics – Hardware & Software – Generalized software.
  • Introduction to MS Excel – Work books – Work sheets/Spreadsheets (Adding sheets, deleting & Renaming sheets) – Datatypes in Excel – Spreadsheet Analysis – Calculations using MS Excel – Accounting related analysis – Comparison tests – generating reports using MS Excel.
  • Formatting the sheet – Explaining groups in Home Tab – Font – Clipboard – Alignment – Number – Wrap Text – Merge & Center.
  • Using formulas in MS Excel.
  • Excel Functions – Basic functions in Excel.
  • Assignment 1- Preparing Mark list of 5 students.
  • Filling series – sorting the list (Using Filter & Sort Button and using Data-sort).
  • Conditional formatting.
  • Inserting Headers and Footers, Text boxes, Word Art and Comments.
  • Assignment 3 – Preparation of Data table (What if Analysis).
  • Preparing charts using the Data table prepared.
  • Page Layout tab – Margins, size, Orientation and Print Area.
  • Formulas tab – Logical functions.
  • Mathematical and Lookup functions
  • Data Validation
  • Practicals

 +2/B.Com/ Any Equivalent Degree

 

Approx. 6- 7 months (240 hours)

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