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Financial accounting is a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.
What is financial accounting and example? In simple terms, financial accounting is the practice of accounting for all money going in and out of an organization. It involves recording, classifying, summarizing, and analyzing all financial transactions. Recording – Transactions are recorded as either a debit or a credit.
Course Duration : 12 Month | ||
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Sl No. | Subject | Paper |
1st Semester : | ||
01 | Tally | Books of account |
Making trading account. | ||
Final account and profit & loss account. | ||
GST . | ||
02 | ACE | |
03 | FACT | Manufacturing account and balance sheet |
Computerised financial accounting & inventory control | ||
Stock valuation | ||
04 | Basic of Accounting, Business Organizations,Accounting on Computers,TallyFundamentals,Processing Transaction in Tally,Report Generation | |
05 | GST - Fundamentals | |
06 | GST with basics Rules, GST TAX rate chart,GST State Code,GST on Goods, Single Rate Tax,GST on Goods & Multi Rate Tax,GST with Transaction | |
07 | Fundamentals,Point of Sales (POS) on GST | |
08 | GST on Service Tax, GST on Advance Receipt,GST on Service with TDS,GST on Capital Goods, GST Projects,Order Processing,Report GenerationCE | |
09 | Point of Sales (POS) on GST, List of Function Keys | |
10 | Budget, Scenario Forecasts, Split Company Data,Import of Data | |
11 | Job Work in Tally.ERP9, Composition Scheme,GST - Price Based Stock,Composite & Mixed Supply,Special Economic Zones (SEZ),Input Service Distributor (ISD), GST on old Stock,ITC Ineligible, E-Way Bill Rules,E-Way Bill in Tally.ERP9, Work Contract Under GST,Sale on Approval Under GST, FMCG Under GST, E-Commerce Operator in GST | |
12 | Payroll Accounting & Compliance, Employer PF Contribution, Payment of Provident Fund, Employer ESI Contribution, Payment of Professional Tax, Tracking of Salary Advance & Loan, Pay Revision & Arrears, Point of Sales (POS) on GST, Payroll for Contract Employees, Payroll Report | |
13 | Invoicing & Accounting, Inventory & Cost Control, Credit & Cash Flow, Taxation & Banking, Security Management &Provisions,Reports Generation,Payroll,Valuable Features | |
3st Semester : | ||
14 | Introduction of Income Tax, Computation and Filing of ITR-01,Computation and E Filing of ITR-02 ( Income from House & Property ),Computation and E Filing of ITR-02 ( Income from Capital Gain & Agriculture ),Computation & E Filing of ITR-03,Computation of Presumptive, income & E Filing of ITR-04,E Filing of Partnership Firm : ITR-05,E Filing of Companies Return : ITR-06,Online Registration for PAN | |
15 | Introduction of Taxation in India,Payment to other than Salary Return 26Q,TDS Return Form 26Q,Salary Components with Payroll,Continue next Para,TDS Return Form 24Q,Tax Collection at Sources,Payment to Non-Resident 27Q,About Traces Website,Interest&Penalty,.TDS on Property &Rent,TAN ( Tax deduction & collection ) | |
16 | Introduction of Goods & Services Tax (GST),Structure of GST,Invoicing in GST,Input Tax Credit & Payment in GST,GST Return Filing,Composition Scheme Under GST,Reverse Charge Mechanism (RCM),E-Way Bill under GST,Registration under GST. | |
17 | Project |