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
• Practical’s