Track
Service Management
Duration
30 hours
Skill Level
Beginner
Language
English
About this Course
Learn how accounting functions as a system to record, process, and communicate financial data.
Learning Mode: Learn at ALC or at Home
Detailed Course Curriculum
Hands-on module breakdown aligned with MKCL production standards and industry requirements.
- Understanding The Basics of Accounting
- History and Roles of Accounting
- Accounting in Intangible Areas of Business
- Accounting in Ancient Times
- Modern Accounting
- Functions, Characteristics and Objectives of Accounting
- Accounting Ethics
- Introduction to Bookkeeping
- Benefits of Bookkeeping
- Things to Look Out for in Bookkeeping
- Generally Accepted Accounting Principles
- Best Accounting Practices
- Role of A Charted Accountant
- 4 Qualitative Characteristics of Financial Statements
- Introduction
- Types of bookkeeping
- Differences in Bookkeeping versus Accounting
- Sub-fields of accounting
- Financial Accounting
- Cost Accounting
- Human Resource Accounting
- Forensic Accounting
- User of Accounting Information
- Double Entry System
- Features of the Double Entry System
- Advantages and disadvantages of the Double Entry System
- Understanding Asset, Liability and Capital
- Asset, Liability and Capital Numerical Examples
- The Elements of Financial Statements
- Recognition for Particular Elements
- The Golden Rules of Debit and Credit
- Understanding a Transaction in Accounting Terms
- Rules for Determining Cash or Credit Transaction
- Kinds of Transaction
- Source Documents
- Types of Accounts
- Understanding Journal
- Aspects of Journal
- Basic Rules of Entering Transactions into the Journal
- Example of A Journal
- Types of Journals
- Understanding Ledger
- Example of A Ledger
- Balancing the Ledger
- The Journal and Ledger entail
- Five-column schedule
- Characteristics of a Trial Balance
- Examples of a Trial Balance
- Errors that are disclosed by a Trial Balance
- Suspense Account
- Closing Stock
- Returns Inwards and Returns Outwards
- Accounting Principles
- Accounting Concepts and Conventions
- Business Entity Concept Advantages and Disadvantages
- Money Measurement Concept
- Going Concern Concept
- Factors in Deciding Going Concern
- Factors in Deciding Going Concern
- Historical Cost Concept
- Realization Concept
- Accounting Concepts & Conventions
- Accrual Concept
- Accrual Concept
- Periodicity Concept
- Periodicity Concept
- Consistency Concept
- Consistency Concept
- Prudence Concept
- Prudence Concept
- Materiality Concept
- Materiality Concept
- Matching Concept
- Matching Concept
- Full Disclosure
- Full Disclosure
- Substance Over Form
- Substance Over Form
- Source Documents
- Invoice
- Credit Notes
- Vouchers Notes
- Bank Reconciliation Statement
- Inventory in Accounting
- Accounting Standard - Valuation of Inventories
- NRV and NPV
- NRV and NPV
- Cost of Inventories
- Cost of Purchase Numerical Example
- Cost of Purchase Numerical Example
- Cost of Conversion
- Cost of Conversion
- Production Overheads
- Production Overheads
- Cost Excluded from Inventories
- Cost Formulas
- Techniques for the Measurement of Cost
- Understanding Payroll
- Payroll Management
- Elements of a Payroll Management System / Employee Information
- Work Timing Information / Salary / Wage Information
- Information on Deductions / Information on Benefits,
- Payroll Taxes / Information on Benefits
- Understanding TDS
- Provident Fund
- Conducting Payroll Management
- What is Accounting Report?
- Balance sheet
- Own
- Owes
- Income Statement
- Operating Section
- Non-operating Section
- Cash Flow Statement
- Cash from Operating Activities
- Cash from Investing Activities
- Cash from Financing Activities
- Introduction to Final Account
- Preparation of Trial Balance
- Trading Account
- Balancing Trading Account
- Preparing Profit and Loss Account
- Profit and Loss Account Continued
- Profit and Loss Account Continued
- The Balance Sheet
- Balance Sheets Formats
- Balance Sheets Formats
- Adjustments in Balance Sheets
- Introduction to Tally
- What is Tally?
- Versions of Tally
- Benefits of Tally
- Data Reliability and Security
- Payroll Management
- Management in the Banking Sector
- Regulation of Data Across Geographical Location
- Ease of maintaining a Budget
- Simple Tax Returns Filing
- Audit Tool for Compliance
- Remote Access of Data
- Quick Access to Documents
- Case Study-SM Process Plant Pvt Ltd
- Features of Tally
- Accounting Features in Tally
- Screen Guide
- Case Study - SM Process Plant Pvt Ltd
- Introduction to GST
- Central Goods and Services Tax
- State Goods and Services Tax
- Integrated Goods and Services Tax
- Goods and services which are exempt from the GST
- Breakdown of GST
- GST for Business
- GST Criteria
- Tax Deducted at Source
- Tax Collected at Source
- GST Return Filing
- Types of GST Return Forms
- Importance of business reports
- Provides an in-depth view of the business
- Uncover products in high demand
- Helps solve an existing issue
- Unleashes trends
- Bookkeeping and accounting softwares
- Using Tally Prime: Downloading Tally Prime
- Using Tally Prime: Creating a company
- Using Tally Prime: Creating a ledger
- History of Tally
- Tally Products
- Enterprise resource planning software
- Types of reports in Tally ERP
- Using Tally Prime: Recording sales and purchases
- GAAP – Best Practices
- Case Study-(Enron Corporation)
- Revenue Recognition
- Mark to Market
- Special Purpose Entities
- Financial Audit
Eligibility Criteria
• Basic knowledge of computers and keen desire to build skills in this field.
• Open to students, job seekers, and working professionals.
• Open to students, job seekers, and working professionals.
Official Certification
• Official MKCL KLiC Certificate upon successful completion of the course and evaluations.
Work-Centric Learning Approach
• Step 1: Learners are given an overview of the course and its connection to life and work
• Step 2: Learners are exposed to the specific tool(s) used in the course through the various real-life applications of the tool(s).
• Step 3: Learners are acquainted with the careers and the hierarchy of roles they can perform at workplaces after attaining increasing levels of mastery over the tool(s).
• Step 4: Learners are acquainted with the architecture of the tool or tool map so as to appreciate various parts of the tool, their functions, utility and inter-relations.
• Step 5: Learners are exposed to simple application development methodology by using the tool at the beginner’s level.
• Step 6: Learners perform the differential skills related to the use of the tool to improve the given ready-made industry-standard outputs.
• Step 7: Learners are engaged in appreciation of real-life case studies developed by the experts.
• Step 8: Learners are encouraged to proceed from appreciation to imitation of the experts.
• Step 9: After the imitation experience, they are required to improve the expert’s outputs so that they proceed from mere imitation to emulation.
• Step 10: Emulation is taken a level further from working with differential skills towards the visualization and creation of a complete output according to the requirements provided. (Long Assignments)
• Step 11: Understanding the requirements, communicating one’s own thoughts and presenting are important skills required in facing an interview for securing a work order/job. For instilling these skills, learners are presented with various subject-specific technical as well as HR-oriented questions and encouraged to answer them.
• Step 12: Finally, they develop the integral skills involving optimal methods and best practices to produce useful outputs right from scratch, publish them in their ePortfolio and thereby proceed from emulation to self-expression, from self-expression to self-confidence and from self-confidence to self-reliance and self-esteem!
• Step 2: Learners are exposed to the specific tool(s) used in the course through the various real-life applications of the tool(s).
• Step 3: Learners are acquainted with the careers and the hierarchy of roles they can perform at workplaces after attaining increasing levels of mastery over the tool(s).
• Step 4: Learners are acquainted with the architecture of the tool or tool map so as to appreciate various parts of the tool, their functions, utility and inter-relations.
• Step 5: Learners are exposed to simple application development methodology by using the tool at the beginner’s level.
• Step 6: Learners perform the differential skills related to the use of the tool to improve the given ready-made industry-standard outputs.
• Step 7: Learners are engaged in appreciation of real-life case studies developed by the experts.
• Step 8: Learners are encouraged to proceed from appreciation to imitation of the experts.
• Step 9: After the imitation experience, they are required to improve the expert’s outputs so that they proceed from mere imitation to emulation.
• Step 10: Emulation is taken a level further from working with differential skills towards the visualization and creation of a complete output according to the requirements provided. (Long Assignments)
• Step 11: Understanding the requirements, communicating one’s own thoughts and presenting are important skills required in facing an interview for securing a work order/job. For instilling these skills, learners are presented with various subject-specific technical as well as HR-oriented questions and encouraged to answer them.
• Step 12: Finally, they develop the integral skills involving optimal methods and best practices to produce useful outputs right from scratch, publish them in their ePortfolio and thereby proceed from emulation to self-expression, from self-expression to self-confidence and from self-confidence to self-reliance and self-esteem!
Ready to start Accounting as information system?
Join our upcoming batch at ZICA Kalyani center with certified instructors.
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