Professional Diploma in Financial Accounting

Professional Diploma in Financial Accounting

Module -I

IT Fundamental and Office Automation

Basic of Computer, Hardware and Software Terminology, Basic Input/ Output, Process, Organization of Computer, Operating System.

MS-Office -

MS-Word, Formatting, Inserting, Mail Merge, Page Setup, Tables Formats, Resume Creation, Application Writing, Letter Drafting, Data arrange in table, Basic practice of drawing tools, various assignment relating to Table and Documentation

Ms-Excel -

Formatting of spreadsheet, Formula and Function, Editing Features, Working with Large Worksheets, Working with Charts, Data Entry, Interest Calculation, Marks-Sheet Pay-Slip, Commission Calculation, Data Sorting, Advance level Excel, Chart Creation.

Power Point -

Creating Presentation, Animation Design, Slide Show, Working with slide and creating powerful presentation.

Internet -

Introduction of Internet, Internet Connectivity, Surfing, Chating, E-Mail Creation, Formation of E-Mail, Search Engine.

Module -Il
Basics of Accounting

The Business Entity Concept, The Dual Aspect Concept, The Accounting Period Concept, The Cost Concept, The Money Measurement Concept, The Going Concern Concept The Accrual Concept, The Matching Concept Important Accounting Terms, ,Double Entry System Accounts and its Types, Personal Account, Impersonal Account, Explaining the Rules of Debit and Credit Describing a Journal, Types of Journal, Recording a Transaction in a Journal, Defining a Compound Journal Entry Understanding Ledger

Esuntil Features erstandin- Linal Entry Book, Provides Final Information, Two Partitions: Debit Side and Credit Side, Opening Balance for Next Year, Advantages of Ledger, Trial Balance

Business Organizations

Business On, arizaion Business Organizations, Sole Proprietorship, Partnership, Limited Liability Partnership, Company, HUF, Cooperative Society, Trust, Trading Organizations, Service Organizations

Understanding of Financial Statements-

Manufacturing & Trading Account, The Profit and, Lisbies, InComme & Expenditure A/c, Balance sheet, Cash Flow Statement, Fund Flow Statement, Difference between Assets, Liabilities, Income and Expenditure, Daene Sheet esn alance Sheet and Profit & Loss Account, Types and Formats of Financial Statements applicable to corporate and non-corporate, Understanding Revenue from Operation, Understanding Purchases, Direct & Indirect Expenses

Module -Ill
Computerized Accounting

Introduction, Need for Computerized Accounting, Merits of Computerized Accounting, Demerits of Computerized Accounting, General features of Tally Software, Exploring Busy, Enterprise Resource Planning (ERP)

Valuation of Inventory

Introduction,., Methods of inventory aluation, First in First out (FIFO), Last in first out (LIFO), Weighted average cost method, Standard cost method Summary

Introduction to Tally Prime

Creating a Company, Selecting a Company, Shutting a Company, Deleting a Company, Company Features, Company Configuration, User and Password, Security and Tally Vault, Auditing, Backup, Restore, Split Company Data, Data Path setup, Import - Export of Master and Transaction

Module -IV
Advance Accounting

Ledger Creation, Ledger Group, Voucher Entry: Purchase, Sales, Payment, Receipt, Contra, Purchase Return with Debit Note, Sales Return Credit Note, Billing or Invoicing, New Reference, Against Reference, Advance, On Account features, Bills Receivable, Bills Payable, Cost Category, Cost Center, Simple Interest Calculation, Compound Interest Calculation, Advance Interest Calculation, Currency, Forex Gain and Loss, Job Costing, Maintain Interest with Debit Note and Credit Note., Budget and Control, Credit Limit, Scenario Manager, Banking and Bank Reconciliation Statement, Reversing Journal, Post Dated Voucher, Optional Voucher

Advance Inventory

Unit, Compound Unit, Stock Group, Stock Category, Stock Item, Purchase of Stock, Sales of Stock, Creating Debit Note and Credit Note for Stock. Godown or Location, Stock Transfer, Batch wise Details, Expiry Date Maintain, Actual and Billed Quantity, Track Additional Cost of Purchase, Price Level and Price List, Purchase Order, Sales Order, Receipt Note, Delivery Not, Rejection In, Rejection Out, Reorder Level, Valuation Method (Avg. cost, FIFO,LIFO, Std. Cost, Std. Price etc ), Standard Rate for Stock Item, Zero Value Entries, Job Work In Order, Job Work Out Order, Material In, Material Out, Physical Stock Maintain, Manufacturing and Bills of Material (BOM), Point of Sale (POS), Round up, Round Down,


Unit (Work), Attendance and Production Type, Pay Heads, Employee Category, Employee Group, Employee, Define Salary Payroll Statutory Detail, Income tax pay head detail, Income tax Pay head detail, Income tax declaration, Income tax exempt, Income tax amount, Payroll income tax configuration, Payroll statutory detail

Module -V

Bank Reconciliation Statement, Chequee Printing, Deposit Slip, Cheque Register, Payment Advice, Post Dated Summary.

Financial Accounting Course in Udaipur

Module -V
Goods and Service Tax (GST)

GSTIN, Central Tax (CGST), State Tax (SGST), Integrated Tax (IGST), Union Territory (UTGST), GSTR-1, GSTR-2, GSTR-3B, GST COM-08, GSTR-4, GST Annual Report, Unit Quantity Code, B2B Invoice (4A,4B,4C,6B,6C), B2C Large Invoice (5,5B), B2C Small Invoice (71, Credit Note, Debit Note for Registered and Unregistered Parties (9), Export Invoice (6), Tax Liabilities on Advance Received (114(2), 11A(2)), Adjustment of Advance Received (11B(1), 11B(2)), Nil Rated Invoice (8A, 8B,8C,8D), HSN Code, SAC Code, B2B Invoice (3, 4A), Credit Note/ Debit Note for Regular (6C), B2BUR Invoice for Unregistered Dealer and Reverse Charge (4B), Import of Service (4C), Import of Goods (5), Debit Note/ Credit Note for Unregistered Dealer (6C), Nil Rated Invoice (7), Advance Payment (10A), Adjustment of Advance Payment (10B), Reverse Charge liability Booking on Inward Supplies and Import of Services, Outward Supplies Liable to Reverse Charge Outward Taxable Supplies Other than Zero Rated, Nil Rated and Exempt, Non-GST Outward Supplies), Inter-State Supplies made to Unregistered Person, Composition Taxable Person, and UIN Holders,

Eligible ITC (Available ITC, ITC Reverse, Net ITC), Ineligible ITC (17(5)), Value of Exempt, Nil Rated and Non-GST Inward Supplies, Interest and Late Fees on GST, Input Credit to be Booked, Decrease of Tax Liabilities (Adjustment Against Credit, Cancellation of Advance Payment under Reverse Charge, Purchase Against Advance Payment), Increase of Tax Liabilities (Advance Paid Under Reverse Charge, Import of Capital Goods, Import of Goods and Services, Purchase Under Reverse Charges), Increate of Input Tax Credit se Under Reverse tal Goods, Import of Goods and Services, lies, Punchese under eve transfer, Purchase from SEZ, purchast, late Fees, Perse Charge, Re-Claim of Reversal IT, TS Cd stute, Tie Ditriber STansition Credit, Refund of Interest, Late Fees, Penalty, Reversal of Input tax Credit ( 43(2)(h), 42(1)(m), Import of Service, Ineligible Credit, ISD Credit Note (39(1)(i)(i, Non-Payment to Supplier (37(2)), Reversal of Tax Liabilities, E-Way Bill

Introduction (Features of GST, Benefits of GST). GST Rates in India, Place of Supply, Regular Dealer & Composition Dealers, Payment of GST, Input Credit Tax (Considering GST as Input Tax upon Paying Reverse Charge, Necessary Conditions for Obtaining ITC, Time Limit for Taking ITC, Negative List on which ITC is not permitted, Order of Utilization, Reversal of Input Tax Credit, Ineligible Inputs and their Credits), Input Services Distributor (ISD), Annual Return and Final Return

Tax Deducted at Source (TDS)

Introduction, How to apply of TAN, Various Section and rates of TDS Working with TDS, Defining TDS Statutory Master, TDS Nature of Payments, Deductee Types, Creating Expense Ledger, Creating Party Ledger, Creating Tax Ledger, Defining TDS Voucher, Journal Voucher for TDS on Expenses, Creating Payment Voucher, TDS Reports, TDS Computation,

TDS Challan Reconciliation, TDS Return, Varies ways to TDS deduction, Reversal of TDS Deduction, Normal Tax Rate, Higher Tax Rate, Lower Rate (194), Zero Rate (1941)

Generating and Printing Reports

Introduction, Financial Statements, Balance Sheet, Profit & Loss Account, Trial Balance, Accounting Books and Registers, Cash Book, Bank Book, Purchase Register, Sales Register, Day Book, Inventory Books and Registers, Stock Summary, Stock Item Summary, Stock Group Summary, Sales Order Book, Purchase Order Book, Stock Ageing Analysis, Stock Valuation Methoas, Statements of Accounts, Cash Flow Statement, Fund Flow Statement, Ratio Analysis, Exception Report, Printing Reports, Print Format, Multi-Accounting Printing.

Module -VI Income lax

Introduction to Income tax in India, How to Apply of PAN Number and Correction in PAN, Type of Tax payers, Various Head of Income under Income Tax (Salary, House Property, Business & Profession, Capital Gain, Other Sources), Various Income tax Forms to be used for filling of Returns, Deduction under Income Tax from Total Income, Basis idea about Tax Audit U/s 44AB of Income Tax Act, Limit of Cash Transactions.

Tax Return Preparer (TRP)

Introduction, Understanding Tax Return Preparer (TRP) TRP Scheme, Role of TRP, Pre-requisite of TRP, TRP Examination TRP Training, Duties and Obligation of TRP, Incentives of TRP

GST Practioner

Who are called GST Practitioner, What does section 48(1) holds in it, Role of GST Practitioners in GST, GST Practitioner eligibility, GST Practitioner registration procedure, GST Practitioner exam and validity of GST registration certificate, Practitioner benefits

Electronic Payment/ Cashless Transactions

Introduction, Cheque, Demand Draft, Electronic Payment, Online Transaction through NEFT and RTGS, Credit Card and Debit Card, E-Wallets, Mobile Wallet, UPI App, BHIM App, Gift Cards, Aadhar Enabled Payment System, Unstructured Supplementary Service Data, Miscellaneous Act - ESI Act, PF Act, Gratuity Act, Bonus Act, MSME Act & Registration, I E C odes

Company Law:

Characteristics Of Company, Company & Partnership Firm, Classification Of Company, Formation Of Company, Filling Form 29, Form 18, Form 32, Form 1, Raising Of Capital, Share Capital And Shares, Authorized Share, Subscribed Shares, Called Up Capital, Reserve Capital, Preferences Share, Equity Share, Dividends, MCA


Introduction- Meaning and Objectives of Auditing. Types of Audit, Internal Audit, Audit Process- Audit Programme, Audit and book, working papers and evidence, Preparation before commencing of Audit, Internal Check System- Routine Checking, Internal Check and Test, Checking, Internal Control and Audit Procedure, Vouching, Verification of Assets and Liabilities, Company audit: Appointment of auditor, Powers, Duties and Liabilities. Divisible Profits and Dividend. Auditor's report- Cleaned and Qualified report, Investigation: Objectives, Difference between audit and investigations, Process of Investigation. Special audit of Banking Companies, Educational, Non Profit Institutions and Insurance Companies.

Module -VII
Busy Accounting Software (BUSY)

Introduction, Company Create And Close, Configuration Of Features Of Busy, Administration Menu, Transaction Menu, Display Menu, Print Menu, Master - Account, Item, Material Center, Unit, Material

Center. GST -

Bill Sundry, Purchase Type, Sale Type, Tax Category. Bill of Material.

Transaction -

Sales Purchase, Return of Goods, Payment and Receipts, Contra, Journal, Debit Note Credit Note, Material Issue and Received From Party. Entries Related To GST, TDS In Busy.

Reporting -

Profit And Loss Account, Balance Sheet, Account Report, Stock Report, Tax Reports.

Module -VIII
Income Tax Return (ITR-Practical)

Type of Return and Their Uses, Financial Year, Assessment Year, Tax Slabs, Normal Tax Rate, Special Tax Rate, Income Tax Return (TR, Filing-Filing IT For Salaries, House Property, Other Income, Capital Gains, Income from Business & Profession, Filling Up Data For Balance Sheet, Manufacturing Account, Trading Account, Profit & Loss Account In ITR, Schedule S, Gross Salary, Value Of Perquisites, Profit In Lieu Of Salary, Less Allowances To The Extent Exempt U/S 10, Standard Deduction U/S 16,, ITR For House Property Type Of Self Occupied; Let-out; Deemed Let-out, Computation Of Presumptive Business Income Under Section 44AD, Computation Of Presumptive Income From Professions Under Section 44ADA, Computation Of Presumptive Income From Goods Carriages Under Section 44AE, Quantitative Details Liable For Audit Under Section 44AB, Exempted Income, Computation Of Income From Business Or Profession, Deduction U/S 80G

Advance Level of ITR

Capital Gains : Short Term Capital Gains And Long Term Capital Gains, Cost Of Acquisition With Indexation, Cost Of Improvement With Indexation, Capital Gains From Land & Building, From Sale Of Equity Share Or Unit Of Equity Oriented Mutual Fund Under Section 111A, Sec 115AD(1)(B)(li), From Sales Of Other Assets, From Sale Of, Listed Securities Or Zero Coupon Bonds, From Sale Of GDR Of An Indian Sec 115ACA, Deduction U/S 54/ 54B/ 54D/ 54EE/ 54EC /54F /54G /54GA /115F, Double Tax Avoidance Agreement (DTAA), Alternate Minimum tax (AMT), Credit on AMT, Depreciation on Full and Half Rate, Deduction under Donations, Income from Out Side India, Tax Relief on Tax Paid Out Side India, Portuguese Civil Code. Income Tax Payment via TDS, TCS, Advance, Assessment.

Loss Set-Off:

Income After Set-Off Of Current Years Losses, Income After Set Off Of Brought Forward Losses Of Earlier Years, Details Of Losses To Be Carried Forward To Future Years,

Advance ITR : Depreciation On Assets, Deemed Capital Gains On Sale Of Depreciable Assets, Unabsorbed Depreciation And Allowance Under Section 35(4), Deductions In Respect Of Units Located In Special Economic Zone, Income Chargeable To Tax At Special Rates, Income Details From Business Trust Or Investment Fund As Per Section 115UA & 115UB, Income From Outside India And Tax Relief, Tax Relief Claimed For Taxes Paid Outside India, Payments Of Advance Tax And Self-Assessment Tax, BSR Code, Computation Of Alternate Minimum Tax Payable Under Section 115JC, Computation Of Tax Credit Under Section 115JD

Live Project -

Mini and Major Project of a Firm Accounting and Filling ITR, Handling Accounts of a Service Firm, Trade Firm, and Manufacturing Firm.

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