Diploma Advanced Accounting and Taxation

Objective of the Course Tally is the most popular accounting packages used across our country and needs a lot of trained manpower to meet the requirements. After successful completion of the course, a candidate is exposed to large employment opportunities. An accounting package like Tally is highly useful for rendering accounting related tasks in offices. Hence a candidate after pursuing this course can directly enter an organization as a/an-:  Accounts Executive, Accounting Assistant, Professional Accountants.

Topics Covered 

a.    Financial Accounting Using Tally Prime 9.0

b.    Taxation Using Tally Prime 9.0

c.    GST Filling Portal

d.    Income Tax Returns 

Duration                       :           200 Hrs

Qualification                :           10+2 / Above/ BCOM/BBA/MFC/M.com/MBA

Detailed Syllabus

Introduction to Tally :  Introduction  , Types of Accounts , Accounting Principles or concepts , Mode of Accounting, Rules of Accounting ,Double-entry system of bookkeeping, Company Creation, Shut Company , Delete Company, Alteration, Create Group of Company.

Account and Inventory Master : Company Features , Configuration ,Getting functions with Tally prime ,Creation / setting up of Company,  Accounting Masters , Chart of Groups , Groups , Multiple Groups , Ledgers , Multiple Ledgers, Inventory Masters :  Stock Groups , Multiple Stock Groups , Stock Categories , Multiple Stock Categories , Units of Measure , Stock Items

Accounting Transaction Vouchers: Payment, Receipt, Contra, Sales. Purchase Debit Note, Credit Note.  Journal.

Inventory Transaction Voucher  : Stock Journal, Physical Stock Voucher, Manufacturing Journal, Purchase Order,  Sales Order,  Goods Receipt Note,  Delivery Note,  Rejection Outwards, Rejection Inwards,

Advance Accounting:  Bill-wise details, Cost centers and Cost Categories, Budget and controls, Bank Reconciliation.

Advance Inventory: Order Processing, Recorder Levels, Batch-wise details, Bill of Materials, Batch-Wise Details Different Actual and Billed Quantities, Price Lists, Zero-Valued Entries, Additional cost details, Point of Sales.

TDS (Tax Deducted at Source):  Understanding TDS, Creating TDS Masters, Practical Examples, TDS Payment

TCS (Tax Collect at Source): Understanding TCS, Creating TCS Masters, Practical Examples, TCS Payment.

GST (Goods and Service Tax)  : About Goods and Services Tax (GST), Activating Tally in GST, Setting Up GST (Company Level, Ledger Level or Inventory Level), GST Taxes & Invoices, Understanding SGST, CGST & IGST, Creating GST Masters in Tally, Updating GST Number for Suppliers, Practical on Intra-State Purchase Entry in GST (SGST + CGST), Practical on Inter-State Purchase Entry in GST (IGST), GST Purchase Entry for Unregistered Dealer in Tally, Reverse Charge Mechanism Entry for GST in Tally, Updating GST Number for Suppliers, Practical on Intra-State Sales Entry in GST (SGST + CGST), Practical on Inter-State Sales Entry in GST (IGST), Printing GST Sales Invoice from Tally ERP9 Software, Preparing of Excel Report Using Tally Prime

TECHNO LOGICAL ADVANTAGES: Tally vault , Security controls , Tally Audit , Backup and restore ,Split company data Import and export of data ,Create a Company Logo.

PAYROLL ACCOUNTING: Employee Creation , Salary Define , Employee Attendance Register , Pay Heads Creation  Salary Report , PaySlip , Pay Sheet , Payment Advice , Advanced Salary

POS , (nil rated,zero rated, taxable, exempt and non GST supplies )  Amendments , opting monthly/quarterly Activating GST in Tally, Setting up GST (Company Level, Ledger Level or Inventory Level), Types of GST (CGST, SGST, UTGST and IGST)

GST (Goods & Services Tax) Introduction, Registration, Threshold, regular taxpayer, composition taxpayer, Reverse charge Mechanism, URD sale purchase, intra state and interstate supplies, Single Entry for different Tax rated items.

GSTR 1 /GSTR 1A & GSTR 3B , GSTR 7 Fillings. GSTR 2A /GSTR B analysis DRC03 Filling Annual return filling GSTR 9 Eway bills  Comparison Sheet analysis.

Notices and orders TDS & TCS (Tax deducted at source and Tax Collected at source) introduction, creating TDS & TCS masters with practical assignments.

ITR FILLING ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR6  and ITR 7.

REPORTS Generation: Financial Statements – Trading Account, Profit & Loss Account , Balance Sheet , Accounts Books and Reports  Inventory Books and Reports  Exception Reports

ASSIGNMENTS QUESTIONS

ü  What is Financial Accounting? Objectives of Financial Accounting. Classification of Accounts

ü  Explain the Features of Tally

ü  What is Security? Explain types of Security control.

ü  Difference between Manual Accounting and Electronics Accounting

ü  What is Ledger? Explain the various types of Ledger.

ü  What is Balance Sheet, Profit & Loss & Trail Balance?

ü  Write Short Note on VAT? Difference between Input and Output vat.

ü  What is Budget? Types of Budgets

ü  Write Short Note on Cost Center

ü  Explain the Various Types of Voucher in Tally? Minimum 12 Vouchers.

ü  Write Short Note GST? IGST, CGST and SGST.

ü  Adjustment Entries of GST

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Phone                             :           +91 -7006-570529, 01943-566583

Visit us                            :           www.icmsskill.in.

ICMS Training Branches :          Hawal  / Ganderbal / Chadoora Budgam / Karanagar

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