MASTER DIPLOMA IN COMPUTERISED ACCOUNTING ( M-CA - 003 )

Accounting Basics Syllabus

Subject Description

This Subject is designed to introduce students to the fundamental principles and practices of accounting. It covers the basic concepts, terminology, and techniques used in accounting, including the preparation and interpretation of financial statements. The Subject is suitable for beginners with no prior knowledge of accounting.

Subject Objectives

By the end of this Subject, students will be able to:

1. Understand the basic concepts and principles of accounting.
2. Explain the accounting equation and its importance.
3. Differentiate between the types of accounts and their classifications.
4. Record financial transactions using journal entries.
5. Post journal entries to ledger accounts.
6. Prepare and understand trial balances.
7. Prepare basic financial statements, including the income statement, balance sheet, and cash flow statement.
8. Understand the importance of ethics in accounting.

Subject Content

• Definition and purpose of accounting
• The role of accounting in business
• Ethics in accounting

• Double-entry bookkeeping
• Types of business

• Ledger accounts and posting

• Trial balance preparation
• Adjusting entries
• Closing entries

• Income statement (Profit & Loss)
• Balance sheet (Statement of Financial Position)
• Cash flow statement

This syllabus provides a basic framework for an introductory accounting Subject. It can be adjusted based on the specific needs and duration of the Subject.

Syllabus on Transactions for Service Organizations

Course Overview

This course is designed to provide students with an understanding of the unique aspects of transactions within service organizations. It will cover the nature of service transactions, their recording, and the implications for financial reporting and management decision-making.

Course Objectives

By the end of this course, students will be able to:

1. Understand the characteristics of service organizations and their transactions.
2. Identify and describe the different types of service transactions.
3. Learn how to record service transactions in accounting systems.
4. Analyze the financial implications of service transactions.
5. Apply knowledge of service transactions to real-world business scenarios.

Course Content

Introduction to Service Organizations

• Definition and characteristics of service organizations
• Differences between service and product-based transactions

Types of Service Transactions

• Revenue recognition in service organizations
• Expense classification and recording

Accounting for Service Transactions

• Journal entries for common service transactions
• Accounting for prepaid services and deferred revenues

Financial Reporting for Service Organizations

• Preparation of financial statements (Income Statement, Balance Sheet, Cash Flow Statement)
• Analysis of financial statements for service organizations

Case Studies

• Analysis of real-world service transactions and their financial impact
• Group discussion and presentation of case study findings

This syllabus provides a structured approach to learning about transactions in service organizations, ensuring students gain a comprehensive understanding of the subject matter.

Syllabus on Report Generation in Tally

Subject Overview

This Subject is designed to provide learners with a comprehensive understanding of report generation in Tally, a popular accounting software used by businesses worldwide. The Subject will cover the basics of Tally, navigating through the software, generating various reports, and interpreting the data to make informed business decisions.

Subject Objectives

By the end of this Subject, students will be able to:

1. Understand the basics of Tally and its interface.
2. Navigate through Tally to access different features and functions.
3. Generate various reports such as Balance Sheet, Profit & Loss Account, Trial Balance, and Cash Flow Statement.
4. Customize reports according to specific business needs.
5. Interpret the data from the reports to make informed business decisions.

Subject Content

• Balance Sheet
• Profit & Loss Account
• Trial Balance

• Cash Flow Statement
• Fund Flow Statement
• Ratio Analysis

• Modifying report formats

• Making informed business decisions based on reports

This syllabus provides a structured approach to learning report generation in Tally, ensuring that students gain the necessary skills to effectively use the software for their business needs.

Syllabus on Transactions for Trading Organizations

Course Overview

This course is designed to provide students with a comprehensive understanding of the various types of transactions that occur within trading organizations. It will cover the fundamental concepts, principles, and practices involved in executing, recording, and managing these transactions.

Course Objectives

By the end of this course, students will be able to:

1. Understand the different types of transactions in trading organizations.
2. Learn how to record and manage these transactions effectively.
3. Analyze the impact of transactions on the financial health of a trading organization.
4. Develop skills in using accounting software to manage transactions.

Course Content

Introduction to Trading Organization Transactions

• Definition and types of trading organizations
• Overview of common transactions in trading
• Importance of accurate transaction recording

Purchases and Sales Transactions

• Understanding purchase and invoices
• Recording sales transactions
• Credit and cash sales
• Returns and allowances

Inventory Management

• Inventory valuation methods (FIFO, LIFO, Weighted Average)
• Inventory control systems
• Impact of inventory on financial statements

Accounts Receivable and Payable

• Managing accounts receivable
• Credit policies and collection procedures
• Handling accounts payable

• Bank reconciliation statements
• Handling interest

Financial Reporting and Analysis

• Preparing financial statements (Income statement, Balance sheet, Cash flow statement)
• Analyzing financial ratios
• Interpreting financial reports for decision-making

Taxation and Compliance

• Understanding tax implications of trading transactions
• Compliance with regulatory requirements
• Filing tax returns and maintaining records

Module 8: Using Accounting Software

• Introduction to popular accounting software Tally
• Setting up accounts and entering transactions
• Generating reports and statements

This syllabus provides a structured approach to learning about transactions in trading organizations, ensuring that students gain the necessary knowledge and skills to manage these effectively in real-world scenarios.

Syllabus for Advanced GST

Subject Description

This advanced Subject on Goods and Services Tax (GST) is designed for professionals who have a basic understanding of GST and wish to deepen their knowledge in the intricacies of GST laws, compliance, and practical applications. The Subject will cover advanced topics, case studies, and practical scenarios to enhance participants' ability to handle complex GST-related issues.

Subject Objectives

By the end of this Subject, participants should be able to:

1. Understand the advanced concepts of GST laws and regulations.
2. Apply GST provisions to different business scenarios.
3. Develop strategies for effective GST compliance and planning.

Subject Content

Introduction to Advanced GST Concepts

• Review of basic GST principles
• Overview of GST structure and framework
• Recent amendments and updates in GST laws

Advanced GST Compliance and Procedures

• Detailed analysis of GST returns (GSTR-1, GSTR-2, GSTR-3B, etc.)
• Annual returns and reconciliation statements
• E-way bill and its features

Input Tax Credit (ITC) and Refunds

• Deep dive into ITC rules and regulations
• ITC reversal and blockage
• Procedure for claiming refunds
• Advance rulings and appellate authorities

GST and International Trade

• Export and import under GST
• IGST and its implications
• Special economic zones

• Analysis of landmark judgments

Many more advanced features in GST

This syllabus is subject to change based on the latest developments in GST laws and regulations.

Syllabus on Advanced Features of Tally

Subject Overview

This subject is designed to provide an in-depth understanding of the advanced features of Tally, a popular accounting software used by businesses worldwide. The subject will cover topics such as advanced accounting, inventory management, taxation, and reporting features that are essential for managing a business efficiently.

Subject Objectives

• To understand the advanced accounting features in Tally.
• To learn how to manage inventory effectively using Tally.
• To explore the taxation module and its compliance features.
• To master the advanced reporting and analysis tools in Tally.
• To understand the integration capabilities of Tally with other software.

Subject Outline

Introduction to Advanced Accounting Features

• Advanced Ledger Creation and Management
• Multi-Currency Accounting
• Advanced Cost Center and Cost Category Management
• Budgeting and Control Features

Inventory Management

• Advanced Stock Groups and Categories
• Batch-wise and Expiry Date Management
• Advanced Godown and Location Management
• Reorder Level and Stock Alerts

Integration and Additional Features

• Integration with other software (e.g., Excel, ERP systems)
• Data Backup and Restore
• User Management and Security Features
• Tally.NET Features and Remote Access

By the end of this subject, participants will be proficient in using the advanced features of Tally to manage their business operations effectively.

Introduction to Taxes (VAT, CST & Basic GST)

Subject Overview

This Subject provides an introductory understanding of various tax systems, including Value Added Tax (VAT), Central Sales Tax (CST), and Goods and Services Tax (GST). It is designed to equip students with the basic knowledge required to navigate these tax systems, understand their implications, and apply them in practical scenarios.

Subject Objectives

By the end of this Subject, students will be able to:

1. Understand the basic principles of VAT, CST and GST.
2. Identify the key differences between these tax systems.
3. Apply the relevant tax calculations in simple transactions.
4. Recognize the importance of compliance and record-keeping in tax matters.

Subject Content

Introduction to Taxes

• Definition and purpose of taxation
• Overview of different types of taxes
• Introduction to indirect taxes

Value Added Tax (VAT)

• Concept of VAT
• How VAT works
• VAT registration and thresholds
• VAT invoicing and record-keeping
• Calculation of VAT

Central Sales Tax (CST)

• Introduction to CST
• Applicability and rates
• Differences between VAT and CST
• CST forms and procedures

Goods and Services Tax (GST)

• Introduction to GST
• GST structure and rates
• Transition from VAT/CST to GST
• GST registration and compliance
• Input tax credit under GST

Practical Applications

• Case studies on VAT, CST, and GST
• Tax calculation exercises
• Discussion on common tax issues and solutions

This syllabus provides a foundational understanding of VAT, CST, and GST, preparing students for more advanced studies or practical application in business and accounting.

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