Certified Business Accountant (CBA) (8 Months)

CHAPTER-1
MANUAL FINANCIAL ACCOUNTING WITH COMPUTERIZED WITH (TALLY.ERP)

Fundamentals of Accountancy

  • Terminology, Concepts, Systems, Methods
  • Preparations of all kinds of Vouchers
  • Cash/Banking receipt Vouchers
  • Journal Vouchers
  • Preparation of sales Invoice
  • Debit/Credit Notes etc.

Maintenance of Books of Accounts

  • (Technical maintenance as per sales Tax, Income Tax Rules & Bank Purpose)
  • Cash and Bank Book
  • Purchase Register
  • Sales Register
  • Journal Register

Salary Register

  • Pay, Leave, LTA, Medical Register
  • Statuary Deductions (PF, Professional Tax, ESI, TDS)

Important Transitions

  • Ledger Posting
  • Voucher Preparation Daybook writing Cash book Preparation Ledger writing Journal Register
  • Stock Register , Purchase Register Preparation, Sales Register Preparation Invoice Preparation
  • Purchase order , Sales Order , Quotation preparation Fixed Asset Register Preparation
  • Preparation of Trading and Profit & Loss
  • Preparation Account Balance Sheet preparation Rectification Entries Depreciation Entries
  • Preparation of Bank reconciliation
  • Cheque Preparation and Deposit slips
  • Balance Sheet Review/ analysis
CHAPTER-2
COMPUTERIZED ACCOUNTING
  • Basic of Accounting
  • Business Organizations
  • Accounting on Computers

Tally ERP Fundamentals

  • Features
  • Technology
  • Payroll
  • Data Migration capability
  • Features pertaining to duties and Taxes
  • Getting Functional with Tally ERP
  • Setting up of company in Tally ERP
  • Company Features
  • Tally.ERP Configuration

Creating Accounting Masters in Tally ERP
Features
Configurations.
Setting up Account Heads.

Company Info Menu

  • How to Select company
  • How to Shut company
  • How to Create company How to Alter company
  • How to apply Security control
  • How to Change tally vault
  • How to Split company data
  • How to take Back up
  • How to Restore Back up
  • How to use Tally audit features

Country specific configuration

  • How to fill up Country details
  • How to change Style of dates How to Configuration of numbers
  • How to use Other options
  • Loading A Company
  • How to Select company
  • How to change Company name How to set Financial year

Creating Inventory Masters in Tally ERP

  • How to set Inventory configurations &features Inventory info. Menu
  • How to set up Stock groups
  • How to set up Stock categories How to create Stock items
  • How to create Units of measurement
  • How to create Bills of materials Locations / Go down
  • Inventory voucher types

Accounts Information

  • How to activate Functions in accounts info. Menu
  • How to prepare Groups Tally ERP 9
  • How to prepare Ledgers
  • How to enter Voucher entries

F -12 Configuration

  • How to use General
  • How to use Numeric symbols
  • How to use Accts/inventory info.
  • How to pass Voucher entry
  • How to prepare Invoice / orders entry
  • How to take Printing
  • How to send E- mailing
  • How to do Data configuration

F-11 Features

  • How to use Accounting features
  • How to use Inventory features

Voucher Entry in Tally ERP

Voucher Entry

  • Payment voucher entry
  • Receipt voucher entry
  • Journal voucher entry
  • Sales voucher entry
  • Purchase voucher entry
  • Debit note voucher entry
  • Credit note voucher entry
  • purchase order entry
  • Sales order entry
  • Receipt note entry
  • Delivery note entry
  • Rejection out entry
  • Rejection in entry
  • Stock journal entry
  • Manufacturing journal entry
  • Physical stock voucher entry
CHAPTER-3
ADVANCED ACCOUNTING WITH TALLY ERP
  • Bill wise Details
  • Cost Centers
  • Cost Categories
  • Voucher Class
  • Cost Centers Class
  • Multi Currencies
  • Bank Reconciliation
  • Interest Calculation
  • Budgets & Controls
  • Scenario Management etc.

Advanced Inventory in Tally ERP

  • Order Processing
  • Reorder levels
  • Tracking Numbers
  • Batch wise details
  • Additional cost Details
  • Bill of Materials
  • Price Levels and Price List
  • Stock Valuations
  • Zero Valued Entries
  • Inventory Ageing
  • Different actual and billed quantities etc.
  • POS, Job Costing
  • Multilingual capabilities
  • Security Control
  • Tally Audit
  • Splitting Data
  • Export Data in Different Format
  • Import Data
  • Tally ODBC
  • Web Enabled
  • Printing of Reports & Cheques
  • Tally.Net and Remote Capabilities
  • Application Management Controls etc.
CHAPTER-4
Scope and Review of GST (Goods and Service Tax)
  • Basics
  • Taxation System in India

1.1 – Overview of GST Law

  • Principles
  • Important Definitions (Section -2)
  • Why GST is Necessary?
  • Impact of GST
  • Benefits/ Demerits
  • Different Rates of GST

1.2 – Provisions of Supply

  • Scope of Supply
  • Place of Supply
  • Time & Value of Supply {Section (12-15)}
  • Impact of GST

1.3 – GST Registration with GST Rules & Formats

  • Registration Procedure under GST
  • Persons required to be registered
  • Process of Registration
  • Forms for GST Registration (With live demo)
  • GST REG-01- Application
  • GST REG-02- Acknowledgement
  • GST REG-06- Certificate
  • REG-01 to REG-29
  • Amendment in Registration
  • Cancellation of Registration
  • Reply of SCN

1.4 – Returns Under GST (With live demo)

  • Definition & Important Notes to Return
  • Types of Returns (Annual Return, Composition Return, Regular Return)
  • Notice to Return Defaulters
  • Levy of Late Fee
  • Goods and Services Tax Practitioners
  • Return Preparation Using offline tools and 3rd party software (GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-6, GSTR-7, GSTR-8, GSTR-9, GSTR-9A, GSTR- 9C)
  • New GST Return (RET-01, Annex-01)
  • Filling of GST Return on Common Portal

1.5 – Refunds – Section 54-58 with GST Rules

  • Refund of Tax (Section-54)
  • Refund Process under GST (Section-55)
  • Interest on Delayed Refunds (Section-56)
  • Consumer Welfare Fund (Section-57)
  • Utilization of Fund (section-58)
  • Procedure to file refund application

1.6 – Input Tax Credit – Section 16-21 with GST Rules

  • Eligibility & Conditions for taking ITC (Section-16)
  • Block Credit (Section-17)
  • Availability of Credit in Special Cases (Section-18)
  • ITC for Job Work (Section-19)
  • ITC Distribution by ISD (section-20)

1.7 – Electronic Commerce in GST – Section 52

  • Definitions
  • Collect of Tax at Source – E-Commerce

1.8 – Job Work & Composition Levy in GST

  • Special Provision for Job Worker
  • Composition Levy (Section 10)
  • Quarterly Return for Compounding Taxable Person (GSTR-4)

1.9 – Other Topics – with GST Rules & Formats

  • Statutory Provision Payment of Tax, Interest, Penalty and other charges (Section 49)
  • Interest on delayed payment of tax (Section 50)
  • Payment Procedure Live Demo
  • Tax Invoices (Section 31)
  • Transitional Provisions Section (139-142) Chapter XX
  • Tax Deduction at source (Section 51)

1.10 – Invoicing under GST

  • Tax Invoices/ Bill of supply (Legal Provision)
  • Format of Tax Invoice / BOS / Debit Note / Credit Note / Payment Voucher / Receipt Voucher

1.11 – IGST LAW (Total Chapter IX, Total Section 1-25)

  • Important Definitions (Section- 2)
  • Determination of Nature of Supply (Section 7-9)
  • Place of Supply of Goods and/or Services (Section 10-14)
  • Zero Rated Supply (Section 16)

1.12 – Accounting for GST in Tally A 1.12.1 – Invoicing

  • Sales Invoicing (Intra State & Inter State)
  • Purchase Invoicing (Intra State & Inter State)
  • Debit Note
  • Credit Note

1.12.2 – Input Credit Mechanism

  • Input Credit Mechanism

1.12.3 – GST Returns

  • What is Annual Return its Objective and Compliance
  • Difference Between GSTR-9, GSTR-9A, GSTR-9B and GSTR-9C
  • Who is required to file GSTR-9
  • Challenges in filing GSTR-9
  • How to meet those Challenges
  • Understanding of 6 Parts and 19 Tables of GSTR-9
  • Consequences of not filing GSTR-9
  • Preparation of GSTR-9 filing
  • Processing of GSTR-9 at Department and Post filing Scenario.

1.12.4 – Tally entries to be recorded for GST in Tally

  • Treatment of Reverse Charge
  • Various Statutory adjustments
  • Payment of GST Liability
  • Payment of GST Liability – Credit
  • Payment of GST Liability – Cash

1.12.5 – E-Way Bill

  • Identify E-Way Bill Generation Scenarios Under GST
    • Identify -various movements which take place on daily basis
    • Sale, purchase – goods sent for repairs, job work, sales return, purchase return, imports and exports
    • Transactions with unregistered dealers etc.
  • Fix Responsibility For-Way Bills
    • Agreements with business participants on roles/responsibilities
    • Updating E-Way Bill in case of change in conveyance
    • Breakdown of conveyance
    • Expiry of validity of E-Way Bill
    • Return of goods from customer premises without acceptance, etc.
  • Obtain GST Registration Number
    • Prerequisite for the generation of E-Way Bill
  • ID From Transporters
    • Transporter ID needs to be available before goods are dispatched Update Pin Codes
    • Pin codes are mandatory field in E-Way Bill formats
  • Generation login id password on E-Way Bill portal
  • Assess Personnel Requirement For Generation E-Way Bills
    • Manpower which will require to undertake E-Way Bill compliances
    • Additional manpower particularly for initial few months till system stabilizes
  • Stay updated with developments in E-Way Bill
    • FAQ released by the government
    • regular updates from government
CHAPTER-5

TDS (Tax Deducted Source)*

  • Concepts
  • Configuring TDS in Tally ERP
  • Masters
  • Management
  • Transactions
  • Report Returns

Tax Deducted at source

  • What is TDS Process
  • How to prepare and Issue of TDS Certificate How to do Filing of E-TDS Return
  • Enabling TDS
  • What is Nature of TDS related payments Deductee types
  • How to Create TDS Masters (Expense ledger, Party Ledger, Tax ledger)
  • How to pass TDS Voucher Entries/Transactions How do pass TDS on expenses (Journal Voucher)
  • How to pass Expenses partly subject to TDS (Journal voucher)
  • How to do Accounting multiple expenses and deducting TDS later
  • How to record TDS on advance payments
  • How to do Adjusting advances against the bill
  • How to Changes in TDS Percentage Computation
  • TDS Challan Reconciliation Print Form 16A
  • Form 26Q Annexure to 26Q Form 27Q Annexure to 27Q
  • Form 26
  • Annexure to 26
  • Form 27
  • Annexure to
  • 27 E-Return
  • E-TDS, Print form 2
CHAPTER-6

Payroll

  •  How to Enabling payroll in tally
  •  How to generate pay slip
  •  How to Create Payroll Masters
  •  How to pass Payroll Voucher Entry
  •  How to view Statements of payroll
  •  How to view Attendance-Reports
  •  How to view Payroll Statutory Reports
  •  Payroll Statutory Computation
  •  Employees Provident Fund (EPF)
  •  Reports Employees State -Insurance
  •  (ESI) Reports Professional Tax Report, Gratuity Report

Display of Reports

  •  Accounting Reports ?
  •  Trial Balance,
  •  Profit & Loss,
  •  Balance Sheet
  •  Inventory Reports ?
  •  Stock Summary,
  •  Sales Register,
  •  Purchase Register
  •  Tax Reports- Challans, Registers,
  •  E Filing
  •  Payroll Reports ? Pay Slips,
  •  Salary Register,
  •  PF Challan,
  •  ESI Challan
  •  MIS Reports ?
  •  Receivables,
  •  Payables,
CHAPTER-7
*ADVANCED ACCOUNTING WITH COMPUTERIZED TAXATION*

*Income Tax*

  •  Introduction to Income Tax,
  •  Residential Status of an assesse,
  •  Various Heads of Income including Salary, Income under the head House Property, Profit & Gains from Business and
  •  Profession, Income from Capital Gains & other Sources,
  •  Income Tax, Set off and carry forward of losses,
  •  Return Filing under Income Tax, Filing online Application for PAN,
  •  E-Filing of Income Tax return,
  •  Introduction to Income Tax portal and credit statements
  • Concept of TDS,
  • Computation and Payment of TDS, Generating TDS Challans and Filing of TDS Returns.
  • Income Tax computation
  • Training Students how to file Income Tax Return Training Students how to file E TDS return online
  • Permanent Account No
  • Application and its procedure
  • E TDS Return filing Practical Training
  • E TDS software like Tally Income Tax return filing techniques
  • How to compute Income Tax on Salary Income.
  • How to prepare Form 16 online and manual How to fill up Form 49A , 49B
  • Preparation of Challan 281 and 280 manual and computerized
  • Income Tax Assessment procedure and handling Income Tax cases
  • Income Tax notice and Scrutiny Cases under section 143
  • Form 3CD Tax Audit procedure and laws practical training

*TDS (Tax Deducted Source)*

  • Concepts
  • Configuring TDS in Tally ERP
  • Masters
  • Management
  • Transactions
  • Report Returns

Tax Deducted at source

  • What is TDS Process
  • How to prepare and Issue of TDS Certificate How to do Filing of E-TDS Return
  • Enabling TDS
  • What is Nature of TDS related payments Deductee types
  • How to Create TDS Masters (Expense ledger, Party Ledger, Tax ledger)
  • How to pass TDS Voucher Entries/Transactions How do pass TDS on expenses (Journal Voucher)
  • How to pass Expenses partly subject to TDS (Journal voucher)
  • How to do Accounting multiple expenses and deducting TDS later
  • How to record TDS on advance payments
  • How to do Adjusting advances against the bill
  • How to Changes in TDS Percentage Computation
  • TDS Challan Reconciliation Print Form 16A
  • Form 26Q Annexure to 26Q Form 27Q Annexure to 27Q
  • Form 26
  • Annexure to 26
  • Form 27
  • Annexure to
  • 27 E-Return
  • E-TDS, Print form 2

*TCs (Tax Collected Source)*

  • Concepts
  • Configuring TCS in Tally ERP
  • Masters
  • Management
  • Transactions
  • Report Returns

*Labor LAW*

  • EPF, ESI, Gratuity etc
  • Introduction to Various procedures, regulation, obligation & returns.

*Company Law*

  • Introduction to Law & Procedure
  • Practical Workshop for preparation of Taxation Accounting. ROC
  • Return.

*Professional Tax*

CHAPTER-8
HR Payroll Management

Topics:-

1) Provident fund and labour laws Training HR payroll accounting Management

  • How to file for Provident Fund registration and ESI Registration
  • How to file Provident Fund Challan cum return, ESI Challan
  • How to file various Provident fund related registers
  • Provident Fund Returns and various Labour law Formalities
  • How to file various forms of ESI for claims
  • Provident Fund scrutiny cases

2) Income Tax

  • Tax computation Course
  • Company Registration process
  • Training Students how to file Income Tax Return
  • Training Students how to file E TDS return online
  • Permanent Account No application and its procedure
  • E TDS and TCS return filing Practical Training
  • E TDS software like Tally ERP Income Tax return filing techniques
  • How to compute Income Tax on Salary Income.
  • How to prepare Form 16 online and manual
  • How to fill up Form 49A , 49 B
  • Preparation of Chillan 281 and 280 manual and computerized both
  • Income Tax Assessment procedure and handling Income Tax cases
  • Income Tax appeals and Scrutiny Cases under section 143
  • Tax Audit procedure and laws practical training

3) Software Tally ERP

4) Employee setup and functions

  • Define employee wise weekly off/ second weekly off
  • Define employee wise salary type (Daily / monthly)
  • Define employee wise employee type Direct
  • Employee/ contract employee
  • Define Employee wise per our OT Rate
  • Define Employee wise Bonus % & Limit, validation in employee setup
  • Help on PF no. ESE No. in employee setup

5) Loans & Advance

  • Define unlimited loans for each employee
  • Loan installment can be adjust with salary / bonus/ others
  • Automatic deduction of loan installment against salary
  • On line loan balance show at the tie of monthly attendance entry
  • Define monthly advance
  • Define receive entry
  • Advance/ deduction against bonus.

6) Arrears

  • Define arrears for each allowance
  • Define arrears for unlimited period for each arrears paid month
  • Define ESI applicable for selective arrears allowance
  • Define arrears % for EPF/ FPF/ ESI arrears wages
  • Pay slip / Pay register can be printed with or without arrears

7) Attendance Entry

  • Muster roll entry option having both daily & monthly entry provision
  • Automatically conversion of Muster roll into monthly attendance entry
  • Monthly attendance entry provision At the time of attendance entry visual payroll will automatically check whether employee covered ESI or not
  • At the time of attendance entry If employee exceeds the ESI limit still but still covered under ESI

8) Over Time

  • Define over time as allowance field It can be calculated separately
  • Define option to link over time with pay slip
  • Define option to link over time with pay slip
  • Define OT rates for employee working hours in company & OT hours
  • Automatic salary calculation

9) Leave

  • Year wise opening can be defined for CL/ SL/ EL
  • On line leave balance show of CL/SL/EL
  • Automatic calculation of monthly earned leave for EL
  • Automatic carried forward option for EL
  • Only last year earned EL can consumed in current year option available
  • Option of stop on Negative balance of leave & option of grace days for minus balance
  • Holiday can be defined unit wise
  • Option for change the salary even after automatic salary calculation
Chapter-9
OTHER USEFUL TAXATION & ACCOUNTING SOFTWARES
  • Genius
  • Marg
  • Busy
  • Income Tax

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Certificate in  Accounting, Taxation Banking  course  is job oriented  course which helps the fresher’s experienced accountants to improve their professional skills. This Course equips student with employable skills. This Certificate course can be done after 12th or after B Com Commerce graduation. Students from commerce non commerce back ground can also join this 100% Job Guarantee Course.

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  • Company Law matters.
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Who can do Certificate Course in Financial Accounting and Taxation (C2FAT)+With Specialization in

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Registration

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Attend Classes

Attend face to face or
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“Certificate”

Frequently Asked Questions

Yes you will get recognized Certificate after the course.

How You Benefit From This Course 

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