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ACCOUNTING & TAXATION

Duration : 3 months
Eligibility : Plus Two & Above

OVERVIEW

This course provides students with an introduction to the essential principles, theories, and techniques of accounting and taxation using SAP. It explores the role of accounting and taxation in businesses, its development, and its importance in contemporary business environments. The course also covers topics such as business accounting, income tax, TCS, TDS, GST, and SAP S/4 HANA finance.

Course Modules

BUSINESS ACCOUNTING
  • Introduction
  • Legal Entities
  • Accounting Terms
  • Types of accounts & Golden rule of accounting
  • Accrual Concept
  • Accounting Cycle
  • Source Documents
  • Journal Entry
  • Ledger Accounts
  • Trail Balance
  • Trading and profit and loss account
  • Balance sheet
  • Adjustments: Outstanding expenses
  • Adjustments: Prepaid income
  • Adjustments: Accrued income
  • Adjustments: Income received in advance
  • GST Accounting
  • TDS & Advance Tax Accounting
  • Income Tax Accounting
  • Bank Reconciliation
INCOME TAX
  • Introduction
  • Persons and Tax rates
  • Heads of Income
  • Basics of Profits & Gains from business or profession
  • Residential status
  • Tax Deducted at Source(TDS)
  • Due dates – TDS Payment and TDS Return
  • TDS Certificate
  • Applicability of TDS on Payments
  • Advance Tax
  • Tax Collected at Source (TCS)
GST
  • Introduction
  • Supply
  • Schedules
  • Place of Supply
  • Time of Supply
  • Value of Supply
  • Input tax Credit
  • Reverse Charge Mechanism under GST
  • Levy and Collection Under GST
  • Invoicing
  • Credit note and Debit note
  • Composition Scheme
  • E –Way Bill
  • GST Returns
TALLY PRIME
  • Introduction
  • Tally Prime V/S Tally ERP 9
  • Installation & Activation
  • Company Creation, Alteration & Deletion
  • Migration from Tally ERP 9 to Tally Prime
  • Load Company on Start up
  • Masters
  • Vouchers
  • Bill Wise Details
  • Point of Sale
  • Cost Category & Cost Centre
  • TDS
  • GST Enabling
  • Manufacturing Journal & BOM
  • Cheque Register
  • Multi-Currency
  • Control User Access & Tally Vault
  • Export & Printing
  • Job Costing
  • Payroll
  • Bank Reconciliation

Learning Outcome

Upon completion of the course, students will:
  • Understanding of essential principles, theories, and techniques of accounting and taxation using SAP FICO.
  • Ability to apply accounting and taxation principles to real-world business scenarios.
  • Proficiency in using SAP S/4 HANA finance for accounting and taxation purposes.
  • Knowledge of business accounting, income tax, TCS, TDS, GST, and their application within SAP FICO.
  • Development of strategic thinking and problem-solving skills in the context of accounting and taxation.
  • Effective communication and collaboration within accounting and taxation teams, especially when using SAP FICO.

Career Growth

The course equips students with the necessary technical skills and knowledge to SAP S/4 HANA Finance, Tally prime, GST, TDS and TCS Calculation. With a strong foundation in SAP S/4 HANA Finance, individuals can pursue various career paths within the accounting and taxation field. They can work as SAP power user, financial analysts, tax specialists, or even as finance managers within organizations. The ability to leverage SAP's technology for financial reporting, analysis, and compliance makes these professionals highly sought after in the job market. Overall, the career growth potential for individuals with expertise in accounting and taxation with SAP is significant. With the right skills and knowledge, professionals in this field can enjoy a rewarding and successful career with opportunities for continuous learning and advancement.  

Placement opportunities

These placements allow students to apply their knowledge of SAP S/4 HANA for accounting and taxation processes in a professional setting. This practical experience is invaluable for their future careers. Additionally, these placements provide students with the opportunity to connect with potential employers, which can lead to future job opportunities. Overall, these placement opportunities enrich the students' learning journey and prepare them for successful careers in accounting and taxation with SAP. It provides them with the practical skills and industry connections they need to succeed in the field.

Industry Expectations

The course is designed to equip students with the skills and knowledge needed to effectively utilize SAP S/4 HANA for accounting and taxation processes. By gaining a thorough understanding of SAP FICO, students will be prepared to apply this knowledge in professional roles within accounting and taxation departments.  

Our Accreditation

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