Business Accounting

The Business Accounting course offered through Arthavidhya provides professional training in a virtual learning environment. This course covers a range of topics, including Office Automation, MS Excel, advanced presentation techniques, and online business accounting processes.

Through the use of simulations, this course offers process-based training to help students understand corporate processes in shared services, finance & accounting, and banking domains.

One of the key areas of focus in this course is the fundamentals of GST concepts, their implications, and structures, with real-world examples. Students will have the opportunity to work as a finance professional in a virtual office and carry out transactions in a simulated environment.

By completing this course, students will gain valuable skills and knowledge in business accounting and be prepared to apply them in a professional setting.

Course Details:

• Accounts Receivable & Accounts Payable: This topic covers the fundamentals of managing accounts receivable and accounts payable. Students will learn how to create invoices, record payments, manage outstanding balances, and follow up on overdue payments. They will also learn how to manage accounts payable by recording and tracking supplier invoices, managing payment schedules, and reconciling supplier accounts.

• Recording & Reporting: This topic covers the basic principles of recording financial transactions and generating financial reports. Students will learn how to create and maintain a chart of accounts, record journal entries, and reconcile accounts. They will also learn how to generate financial reports, such as balance sheets, income statements, and cash flow statements.

• Statutory Compliance: This topic covers the legal and regulatory requirements that businesses must comply with, such as tax laws, labor laws, and company laws. Students will learn how to prepare and file tax returns, comply with labor laws related to employee payroll, and ensure compliance with company laws related to financial reporting and corporate governance.

• Payroll: This topic covers the process of managing employee payroll, including calculating and recording employee wages, deductions, and taxes. Students will learn how to prepare employee pay slips, generate payroll reports, and comply with legal requirements related to employee payroll.

• The Business Accounting course provides a comprehensive understanding of accounting principles and practices, and prepares students for a career in finance and accounting.

Eligibility:

• 10+2/ College students/ Undergraduates/ Graduates

Exit Profile:

• Ability to manage financial transactions and record-keeping: Students will learn how to manage accounts payable and accounts receivable, record financial transactions, and generate financial reports.

• Knowledge of tax laws and regulations: Students will learn about the legal and regulatory requirements related to tax compliance and will be equipped to prepare and file tax returns.

• Understanding of financial management and accounting principles: Students will gain a fundamental understanding of financial management, including budgeting, forecasting, and financial analysis.

• Ability to use accounting software: Students will be trained to use accounting software, such as Tally which are widely used in the industry.