Brainz Academy

PROFESSIONAL DIPLOMA IN ACCOUNTING AND TAXATION

SYLLABUS

  • 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

ELIGIBILITY

+2/B.Com/ Any Equivalent Degree

DURATION

Approx. 6- 7 months (240 hours)

COURSE COVERS

  • 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

FAQ'S

Frequently Asked Questions

Training plays a very important role in understanding the concept better. However, the students must be able to put into practice what they have learned during the training so as to get placed in a good organization.

 

Students who have completed the course successfully are eligible for placement assistance.

 

We have a dedicated team that is responsible for the placement activities of all the programs we provide.

You must practice all the topics discussed in the class and obtain clarifications from the faculty wherever required. The faculty can guide you on the preparation that needs to be taken before attending interviews.

 

Placement depends on the vacancies available and the extent to which the candidates perform in the interview.

 

We have a very good track record when it comes to placement. Since its inception, we had made it a point to deliver the best to all our students thus helping the students have a bright future ahead. All our students have received the best placement.

 

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