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Accounts Executive

Accounts Executive maintains records of receipts, payments and provisions; compiles periodic bank reconciliation statement and depreciation schedules; and presents any other defined report to senior(s). The individual is required to be self- driven and organized, with high level of integrity and ability to perform multiple tasks in a day.

Tally .ERP9 is the most popular business accounting and management software in India that can be used to easily map all operations of a business . The Account Executive course covers concepts, tools and techniques of employing Tally for accounting, payroll handling, budgeting, recording transactions, taxation, billing, auditing and generating reports and invoices. Following the introduction of the Goods & Services Tax (GST) in July 2017, this course also covers training in GST.

Training Outcomes

  • Ascertain different types of tax liabilities, evaluate tax compliance documents and prepare tax challans and make tax payments.
  • Seek and receiver income tax declarations from employees, calculate net salaries after deductions, prepare salary statements giving details of earnings and deductions.
  • Verify the receipt / payments related documents and record the receipt / payment transactions in the book of accounts, prepare reconciliation statements and execute cash and inventory management.
  • Obtain and verify documents related to purchases / sales and pass accounting entries in journals.
  • Make provisions under various heads, prepare statement of depreciation, prepare reports on profit and loss account and balance sheet and other financial statements.
  • Communicate effectively with customers, superiors and colleagues, maintain service orientation and achieve customer satisfaction.
  • Maintain integrity of transactions to ensure security of data and practice ethical behaviour.
  • Focus on teamwork with a view to create a healthy team atmosphere.

SCHEMES

Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM)

  • National Urban Livelihoods Mission (NULM) was launched by the Ministry of Housing and Urban Poverty Alleviation.
  • The NULM will focus on organizing urban poor in their strong grassroots level institutions, creating opportunities for skill development leading to market-based employment and helping them to set up self-employment venture by ensuring easy access to credit.

Pramod Mahajan Kaushlya V Vikas Abhiyan (PMKVVA)

  • Pramod Mahajan Kaushlya V Vikas Abhiyan (PMKVVA) is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE).
  • The objective of this Skill Certification Scheme is to enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood.

COURSE DURATION

500 hrs.

WEEKLY

6 Days/ 4 Hours

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Course Fees

Free

The complete syllabus of this accounting course is given below:

Module 1

1
  • Examine basic concepts like due date, financial year and assessment year
  • Comply with TDS/TCS provisions, advance tax and filing of return of income
  • E-filing tax returns

Module 2

2
  • Comprehend the fundamental concept of GST
  • Interpret the concept of supply
  • Differentiate between taxable and non-taxable supply
  • Recognize the applicability of SGST, CGST and IGST
  • Charge of GST including composition levy
  • Explain how IGST is levied
  • Examine adjustment against Tax Payable and input tax credit set-off
  • Exemptions of GST
  • Value of supply
  • Apply the process of making tax payment to the Government
  • Demonstrate E-Filing Returns
  • Evaluate tax related conceptslike
  • Time of supply of goods/services
  • Place ofsupply
  • Location of supplier of goods
  • List down in detail tax terminologies such asinput tax credit, output tax, TDS, tax collected at source (TCS) and rates of TDS, output tax, and/or Goods and Services Tax (GST), etc.
  • Tax invoice

Module 3

3
  • incidences of taxation
  • time of supply of goods
  • purpose of place of supply
  • Define location of supplier of goods
  • Define the recipient with respect to supplies involving payment and supplies not involving payment

Module 4

4
  • Evaluate the PAN based Registration Process, its rules, and the Purpose of registration
  • Differentiate between single registration and multiple registrations for different business vertical
  • Identify whether registration should be done centrally or selectively in each state
  • List the details that are to be furnished during registration
  • Identify common mistakes made during registration
  • Differentiate between Taxable Person vs.Registered Person
  • Identify the Registration Timelines – Migrations
  • Record the benefits of registration
  • Demonstrate form filling with case studies

Module 5

5
  • Illustrate the concept of input credit
  • Evaluate Input Tax Credit eligibility using case studies
  • Explain the concept of reversal of VAT
  • Asses tax liability for Goods in Transit
  • Categorise Consideration
  • Value transactions having non-monetary consideration
  • Identify set-offs under GST wherever applicable
  • Identify in detail carry over credit, capital goods credit, embedded credits etc.
  • Differentiate between consideration and valuation
  • Identify the types of payment, modes of payment, rules of collection of taxes
  • Practice preparing different Challans, CPIN & CIN
  • Compare TDS and TCS
  • Inspect cases for reversal of credit
  • Recognise and calculate the tax liability based on various case studies
  • List the penalties for late payments
  • Practice on the process of online payment

Module 6

6
  • Identify the types of payment, modes of payment, rules of collection of taxes
  • Practice preparing different Challans, CPIN & CIN
  • Compare TDS and TCS
  • Inspect cases for reversal of credit
  • Recognise and calculate the tax liability based on various case studies
  • List the penalties for late payments
  • Practice on the process of online payment
  • Return filing under GST

Module 7

7
  • Understand the components of salary and their details
  • Examine the process of maintaining records of employees’ details
  • Illustrate Statutory Deduction
  • Examine Income Tax declarations submitted by employee
  • Prepare advice statement relating to Income Tax and provident fund
  • Prepare net salary Statement
  • Complete the joining formalities and record maintenance of employee details
  • Prepare the exit formalities of employees
  • Prepare the full and final settlement- salary, incentives, provident fund (employee’s contribution & employer’s contribution), Gratuity, Superannuation, arrears, etc
  • Assess how incentives, bonus, variable pay and incentives are calculated
  • Design and prepare appraisal letters

Module 8

8
  • Understand the basic concepts in accounting
  • Interpret the objectives of financial accounting
  • List the advantages and limitations of financial accounting
  • Familiarize with the important accounting terms and concepts
  • Learn the double entry system
  • Know the different types of accounts
  • Recognize business transactions and their source documents
  • Understand the method of recording business transactions
  • Comprehend different methods of recording business transactions
  • Pass different types of journal entries
  • Prepare various ledger accounts
  • Compare different types of receipts and payments in a business
  • Prepare delivery challans and vouchers
  • Create a sales invoice
  • Analyze the process of cash payments
  • Analyze the process of payments through electronic channels (cheques, DD, PO, RTGS, NEFT, IMPS, ECS, etc.)
  • Comprehend the concept of reconciliation
  • Prepare reconciliation statements
  • Determine opening and closing cash
  • Examine the nuances of handling cash Prepare cash-flow statements and reports

Module 9

9
  • Examine the concept of creating provisions for certain expenses / doubtful debts
  • Prepare documentation required for provisioning
  • Analyse the process of provisioning
  • Analyse depreciation and the methods to calculate depreciationList down different rates od depreciation related to different types of assets
  • Evaluate the cost capitalization concept
  • Discuss the concept of block of assets
  • Prepare a statement of assets with details such as purchase date, applicable rate of depreciation and book value
  • Estimate the depreciation for each of the asset contained in the list
  • Prepare a report/depreciation journal/or by any other term referred to as, showing the details of depreciation calculation
  • Identify the entries to be made in the Tally software
  • Interpret in detail profit and loss account
  • Identify the nature of expenses and income covered in the profit and loss account
  • Prepare profit and loss statement using Tally software
  • Interpret in detail about the balance sheet
  • Identify the nature of accounts and understand their treatment in the balance sheet
  • Interpret in detail about the major headings in the balance sheet
  • Identify and understand the various ledger accounts in the balance sheet
  • Prepare various reports in Tally based on the balance sheet

Module 10

10
  • Examine the concept of creating provisions for certain expenses / doubtful debts
  • Practice the art of active listening and paraphrase effectively in order to understand the customers, superiors and colleagues
  • Exhibit sensitivity to: language, gender, cultural and social differences in addressing customers, superiors and colleagues
  • Exhibit: positive attitude, correct body language, dress code, gestures and etiquette
  • Interpret work output requirements, and receive feedback with positive attitude
  • Practice cooperation, coordination, and collaboration to achieve shared goals
  • Analyse and address problems by educating, eliminating or escalating
  • value customer satisfaction and aim to gain customer loyalty

Module 11

11
  • Employ fair practices and refrain from indulging in unfair trade and/or corrupt practices
  • Manage and maintain records meticulously
  • Protect customer’s information
  • Protect data and information related to business or commercial decisions
  • Avoid misrepresentation or misinformation
  • Demonstrate and practice ethics in day-to-day processes
  • Avoid defaming products and services of competition

Module 12

12
  • Share relevant inputs, feedback and insights to build mutual trust
  • Exchange, defend and rethink ideas
  • Support team members to accomplish goals
  • Facilitate group decision making and deal productively with conflict

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HRISHI Computer Education, one of the leading IT/ Computer Education Institutes in Vasai-Virar, is run under the visionary leadership of Mrs. Surekha Bhosale.

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