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
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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
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5 |
3 |
Stages in Professional Accounting
- Primary Book Entry
- Ledger Entry
- Trial Balance
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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
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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
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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
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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
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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’
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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
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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
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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
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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
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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
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25 |
15 |
Audits for Business
- Audit for companies
- Audit for other business
- Income Tax Audit
- Return filing for Business
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5 |
16 |
Assessments & Appeals under Income Tax & GST – Introduction
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5 |
17 |
Introduction to Computerized Accounting – Tally ERP 9 & Prime
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25 |
18 |
Preparation of Projected Financials
- Concept and requirement of projected financials
- Method of preparation of projected financials
- Ratio analysis in financial statements
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20 |
19 |
Latest developments in Accounting
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5 |
20 |
Concept of Management Information System Reports (MIS Reporting)
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10 |
21 |
SAP Programs
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10 |
22 |
Accounting Software
- Introduction to Quickbooks Accounting
- Introduction to Sage Accounting
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15 |