Track
Financial Accounting
Duration
30 hours
Skill Level
Intermediate
Language
English
About this Course
Analyze financial statements to assess company performance and support decision-making.
Learning Mode: Learn at ALC or at Home
Detailed Course Curriculum
Hands-on module breakdown aligned with MKCL production standards and industry requirements.
- Objectives
- Import Purchase – Component Materials
- Manufacturing Journal - Process A - I
- Manufacturing Journal - Process A - II
- Stock Transfer to “Production Store B”
- Manufacturing Journal - Process B
- Stock Transfer to “Warehouse”
- Manufacturing Journal - Process C
- Sales Invoice
- Objectives
- Batchwise Management Case Study
- Batchwise Management Data Setup
- Inventory Setup with Batch details
- Purchase Transaction with Batch details
- Stock Transfer with Batch details
- Sales Invoice with Batch details
- Incorrect Batch Selection
- Expired Batches
- Stock Sumarry and Batchwise Reports
- Objectives
- Manufacturing Process Case Study
- Manufacturing Process Data Setup
- Opening Inventory Balance
- Bill of Material Setup
- Purchase of Component Material
- Stock Transfer
- Manufacturing Journal
- Sales Transaction
- Stock Summarry Report
- Other Inventory Report
- Objectives
- Integrate Accounts with Inventory Intro
- Integrate Accounts with Inventory Purchase
- Integrate Accounts with Inventory Reports
- What is Discount?
- Discounted Invoice with column
- Discounted Invoice with ledger
- Actual and Billed Quantity - Introduction
- Actual and Billed Quantity - Tally Pime
- Objectives
- What is Zero Value Transaction?
- Zero Value Transaction in Tally
- Printing Modes and Logo Configuration
- Alternate UOM - Item Creation
- Alternate UOM - Sales Invoice
- Objectives
- What is Point of Sales?
- Modes of Payment under POS
- POS - Company Data Setup
- POS - Opening Inventory with MRP
- POS Voucher Setup
- POS Voucher Transaction - Cash Payment
- POS Voucher Transaction - Cheque Payment
- POS Voucher Transaction - Multi Mode Payment
- POS Voucher Register
- Objectives
- What is Voucher Class
- Payment Voucher Class Setup
- Payment Transaction with Voucher Class
- Purchase Voucher Class Setup
- Purchase Transaction with voucher class
- Sales Voucher Class Setup
- Sales Transaction with voucher class
- Objectives
- Company’s Multiple Address - Setup
- Invoicing with Multipe Address
- Multiple Address Setup - Party Master
- Multiple Address - Purchase
- Multiple Address - Sales
- Objectives
- What is Cost Centre?
- What is Cost Category?
- Cost Centre Vs Cost Category
- Cost Centre Feature Setup in Tally Data
- Cost Category Creation/Alteration
- Cost Centre Creation/Alteration
- Payment of Expenses with cost centre
- Purhase Transaction with Cost Centre
- Sales Transaction with Cost Centre
- Provisional Expenses with Cost Centre
- Cost Centre Report in Tally
- Objectives
- Cost Centre Voucher Class
- Cost Centre Setup
- Cash Expense with manual cost centre selection
- Cost Centre Voucher Class Setup
- Cash Expense with Cost Centre Class
- Other Expenses with Cost Centre Class
- Sales Voucher with Cost Centre Class
- Purchase Voucher with Cost Centre Class
- Receipt Voucher with Cost Centre
- Journal Expenses with Cost Centre Class
- Cost Centre and Related Report in Tally
- Objectives
- Interest Calculation Feature in Tally
- Simple Interest Vs Compound Interest
- Interest Feature Activation in Tally Data
- Party Master Setup with Interest Calculation
- Interest Calculation Sales Transaction
- Interest Calculation Purchase Transaction
- Interest Voucher Class
- Debit Note Voucher for Interest Computation
- Credit Note Voucher for Interest Computation
- Sales Invoice with Interest Calculations
- Interest Calculation Report
- Objectives
- Advance Interest Parameter - Party Master
- Advance Interest Parameter - Sales Invoice
- Outstanding Receipt with Due Interest
- Loan Fund under Simple Interest
- Secured Loan under Compound Interest
- Loan Repayment Simple Interest
- Loan Repayment Compound Interest
- Interest Report Simple Vs Compound
- Multiple Interest Rate
- Multiple Interest Rate Settelement
- Objectives
- Price Level and Price List in Tally
- Opening Inventory Setup
- Price Level Setup
- Price Level Data Configuration
- Price List Setup
- Price Level Party Master Setup
- Sales Invoice with Price List
- Overriding Price List
- Price List Revision
- Inventory Report
- Objectives
- What is Scenario Management?
- Scenrio Management Data Setup
- Masters Opening Balance
- Scenario Creation
- General Accounting Transaction
- Use of Reversing Journal Voucher in Scenario
- Reversing Journal Voucher 1
- Reversing Journal Voucher 2
- Option Voucher under Scenario Management
- Financial Reporting under Scenario Management
- Objectives
- What is Budget?
- Data setup with budget feature in Tally
- Types of budget in Tally
- Accounting Group Budget Setup
- Accounting Leger Budget Setup
- Material Purchase
- Material Sales
- Direct Expense Transactions
- Indirect Expense Transactions
- Budget Report in Tally
- Objectives
- Purchase of Fixed Assets - Account Invoice Mode
- Purchase of Fixed Assets - Item Invoice Mode
- Purchase of Stationory Items - Invoice Mode
- Purchase of Stationory Items - Item Mode
- Sales of Fixed Assets
- Stock Consumption
- Depericiation on Fixed Assets
- Revaluation of Investment
- Bad Debts & Provisions
- Prepaiid & Provisional Expenses
- Objectives
- Case Study Description
- Case Study Data Setup
- Cost Centre Setup in Data
- Party Master Setup with Interest Parameter
- Purchase Expenses with Cost Centre & Interest
- Sales Income with Cost Centre & Interest
- Debit Note for Interest Income
- Credit Note for Interest Expense
- Cost Centre Report in Tally
- Interest Calculation Report in Tally
- Objectives
- What is GST?
- GST Setup in Tally Data
- Stock Item Master Setup with GST
- GST Duty Ledger Master Setup
- Intrastate Purchase Transaction
- Interstate Purchase Transaction
- Intrastate Sales Transaction
- Interstate Sales Transaction
- GSTR 1 & GSTR3B Return Report
- Objectives
- Year End Transactions Summarry
- Deperication on Fixed Assets
- What is Provision of Expenses?
- Provision of Expenses Transaction
- What is Prepaid Expenses?
- Prepaid Expenses Transaction
- Deffered, Billed & Unbilled Revenue
- Bad Debts (Debtor)
- Balance Write off (Creditor)
- Objectives
- Account Ledger Report (Balance Sheet)
- Account Ledger Report (Profit & Loss)
- Group Voucher & Group Summarry
- Contra Register
- Payment Register
- Receipt Register
- Sales Register
- Purchase Register
- Journal Register
- Debit & Credit Note Register
- Objectives
- Stock Item Report
- Godown Report
- Stock Group & Category Summary
- Stock Query Report
- Sales Order Register
- Purchase Order Register
- Movement Analysis
- Ageing Anaylisi
- Objectives
- Voucher Clarification
- Statisctics Report
- Exception Reports I
- Exception Reports II
- Ratio Anaylsis
- Cost Estimation
- Shortcut Keys in Tally Prime I
- Shortcut Keys in Tally Prime II
- User Interface of Microsoft Excel
- Create, Edit, and Save Excel file
- Data Entry Magic
- Cut, Copy, and Paste: Easy Data Movement
- Managing Your Clipboard in Cells
- Styles Cells
- Number Formatting
- Currency and Accounting Formatting
- Date Formatting
- Custom Date Formatting
- Custom Number Formatting
- Formatting Cells with Icons
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!
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