PROFESSIONAL DIPLOMA IN ACCOUNTING AND TAXATION

INTRODUCTION TO PROFESSIONAL ACCOUNTING 

TALLY PRIME

Enterprise structure
Vouchers
Inventory management
Payroll
Order processing
Gst& tds application
Budgeting
Price list
Banking
Cost centers

INCOME TAX & 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

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

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

GCC VAT

• Introduction to GCC council
• Understanding of different types of VAT supplies
• Recording of gulf VAT transactions ( domestic, intra GCC, export)
• RCM adjustments

QUICKBOOKS

• Enterprise structure
• Inventory management
• Accounts payables and Accounts receivable

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
  • Practical’s

      ZOHOBOOKS

• Introduction to Zohobooks
• Company setup and opening balance
• Contact and tax management(customer/vendor)
• Inventory setup and pricing
• Sales and purchase transactions
• Cash and bank transactions
• Settlements and discounts
• Quotation to invoice
• Services and adjustments
• Banking
• Recurring invoice
• Practical review & Reports

SAP FICO

• Introduction of sap
• Modules of sap
• Company creation
• General leader(g/c) accounting
• Open item management
• Accounts payable
• Purchase returns
• Accounts receivable
• Sales returns
• Down payment
• House bank
• Automatic payment program
• Controlling