Tally And Accounting (ICT-106)

Tally and Accounting course is offered by ICAII Computer & IT Skill Enhancement Institute. ICAII Computer & IT Skill Enhancement Institute, shortly known as “ICSE” is the best Institute of the region in imparting high end IT courses. 

It plays a leading role in providing Industry-specific courses in the field of Computer & IT-Hardware/Networking, Software development, Web designing, Graphics, Animations, Digital Marketing and Tally & Computer Accounting.

Content:

• Chapter-1
  • Basic concepts of accounting (objectives, advantages and limitations, users of accounting information, Role of accounting in business)
  • Basic Accounting terms: Business transactions, capital, Assets & Liability.
  • Meaning of journal, Vouchers, source Documents, types of business.
  • Accounting standards, need, benefits, meaning of IFRS.
  • Meaning of vat, excise duty, custom duty and Goods and Services Tax (GST).
• Chapter-2
  • Recording of Transactions: books of original Entry- Journal, Special purpose books, cash book, purchase books, purchase return book.
  • Deprecation Provisions and Reserve-concept, SLM and WDV basis of charging deprecation.
  • Concept of financial statements-Trading, profit and loss account, Balance sheet (as per companies act 2013)
• Chapter-3
  • How to create a company, maintain assesses accounts in tally and feature of tally.
  • How to pass journal entries, make ledgers and balance sheets in Tally (manual questions)
• Chapter-4
  • How to pass journal entries, make ledgers and balance sheets in tally (manual questions as well as working on live projects).
  • Maintenance of books of accounts with inventories- working on live projects.
  • EXAMINATION- I: There will be an Examination out of 4 weeks of Syllabus and students/participants will be evaluated based upon their performance in the Exam.
• Chapter-5
  • Maintenance of books of accounts with inventories -working on live projects
  • Concept of Bank Reconciliation Statement (BRS).
  • Practical Live Demo on Bank Reconciliation statement
• Chapter-6
  • Detail Discussion on Profit and loss account of sole proprietorship, Partnership, company.
  • Ratio analysis: solvency ratio, liquidity ratio, interest coverage ratio etc.
  • Detailed Discussion on income tax returns of sole proprietorship, Partnership, company.
• Chapter-7
  • Concept of budget in India, different types of income heads as per income tax head, Income from other sources,
  • Chapter VI A deductions to assessee:80c,80d,80e etc.
• Chapter-8
  • Concept of financial statements-Trading, profit and loss account, Balance sheet (as per companies act 2013)
  • Concept of GST in India, comparison of GST with Excise, Custom, Vat laws.
  • Examination-II: There will be an Exam, based upon last 4 weeks, with few of the important question from 1st 4 weeks as well. 80% Syllabus will be from week 5 to week 8 and 20% syllabus will be from Week 1 to Week 4 as well.
• Chapter-9
  • Types of Audit: Statutory Audit, Tax Audit, Bank Audit, Internal Audits.
  • How to do Company Roc filling-MGT- 7 AND AOC- 4.
• Chapter-10
  • Accounting of NGO, Introduction to MAT, foreign taxation concepts.
  • Difference between projected balance sheet and provisional Balance S heet.
• Chapter-11
  • Concept of financial statements-Trading, profit and loss account, Balance sheet (as per companies act 2013)
  • Concept of GST in India, comparison of GST with Excise, Custom, Vat laws.
• Chapter-12
  • Revision of any of the topics as per students demand and repetition of any of the salient project work
  • Examination- Final: In final Exam 70% questions will be asked from 3rds Month course content, 20% from 2nd month course content and 10% from
  • the 1st month course content. Successful candidates will be given ranking and recommended for Issue of Certificate.