Advanced Diploma In Professional Accounting With SAP [FICO/MM]

 



Syllabus

 

Sl no Topic Expected Hours
1 Introduction to Professional Accounting
  • 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
5
2

Familiarizing the Business Environment

  • Types of Business Entities
    • Sole Proprietorship
    • Partnership Firms
    • Limited Liability Partnerships
    • Companies – Private Limited vs. Public Limited
  • Procedures for incorporation / commencement of business entities
  • Concept of Licenses and Documents
    • PAN
    • TAN
    • DIN
  •  
5
3 Stages in Professional Accounting
  • Primary Book Entry
  • Ledger Entry
  • Trial Balance
10
4 Preparation of Financial Statement
  • Balance Sheet and Profit & Loss Account for –
    • Proprietorship Firm
    • Partnership Firms
    • Companies – Private Limited & Public Limited
    • Trusts
  • Practical examples on Preparation of Financial Statements
25
5 Accounting – in Real Time
  • 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
10
6

Accounting For Fixed Assets

  • Nature of Fixed Assets
  • Cost of Fixed Assets
  • Depreciation Accounting – SLM, WDV
  • Concept of Useful Life, Salvage Value etc.
  • Sale of Fixed Assets – Accounting – Recognition of Profit / Loss
  • Calculation of Depreciation – Under Income Tax & Companies Act
10
7 Trial Balances
  • Nature of Trial Balance
  • Treatment of Closing stock & Opening Stock
  • Determination of Provision for expenses & Prepaid expenses
  • Determination of Income Receivables
  • Special Aspects of Trial Balance
10
8

Preparation of Financial Statements

  • Profit & Loss Account vs. Income & Expenditure Account
  • Profit & Loss Account for Proprietor & Partnership Firms
  • Concept of ‘Above the line’ & ‘Below the line’
20
9

Special Aspects in Financial Reporting

  • Valuation of Closing Stock – FIFO, LIFO & Weighted average
  • Computation of Tax Provisions – Current Tax & Deferred Tax
  • Classification of Income & Expenses – Profit & Loss account
  • Classification of Assets & Liabilities – Balance Sheet
  • Tips on the preparation of Financials
20
10 Income Tax – General Awareness 5
11

Tax Deducted At Source 

  • 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
10
12

Income tax provisions for accountants

  • Income from Business and Profession
  • Income Tax Compliances for business
  • Concept of Business Expenditures and deductions
  • Limit for payment of cash payments
  • Expenses allowable only on payment
  • Payment of Advance Tax
  • Other income tax provisions
10
13

PF / ESI – Statutory Compliance

  • Introduction to PF, ESI
  • Applicability of PF and ESI
  • Payment of PF & ESI
  • Filing of returns of PF & ESI
20
14

Goods & Service Tax

  • Introduction to GST
  • GST – Statutory Compliance
  • GST – Invoice, Debit Note, Credit Note
  • Payment of GST & Input Tax Credit
  • Filing of Returns under GST
25
15

Audits for Business

  • Audit for companies
  • Audit for other business
  • Income Tax Audit
  • Return filing for Business
5
16

Assessments & Appeals under Income Tax & GST – Introduction

5
17

Introduction to Computerized Accounting – Tally ERP 9 & Prime

25
18

Preparation of Projected Financials

  • Concept and requirement of projected financials
  • Method of preparation of projected financials
  • Ratio analysis in financial statements
20
19

Latest developments in Accounting

5
20

Concept of Management Information System Reports (MIS Reporting)

10
21

SAP Programs

10
22 Accounting Software
  • Introduction to Quickbooks Accounting
  • Introduction to Sage Accounting
15

Eligibility

  • +2/B.Com/ BBA

Duration

  • 6 months (360 hours)

Course Covers

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