Business Accounting and Taxation Training

Business Accounting and Taxation Course

The Business Accounting and Taxation training program is designed by top class Chartered Accountants, with a specific focus on helping you to become a Professional Accountant. EduPristine Business Accounting and Taxation Course prepares candidates not just for a job but a career and leads them to become Industry ‘Ready Accounting professional’.

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DID YOU
KNOW?

Employment in the accounting field will grow 11% between 2014 to 2024.

Source:
Bureau of Labor Statistics (BLS)

About COURSE

The Business Accounting and Taxation (BAT) course is designed to give hands-on-expertise in Accounting and Taxation. After successful completion of program candidates will be ready to apply for multiple roles in the field of Accounting and Taxation. Read more

Why Business Accounting and Taxation: Accounting industry is highly dynamic in nature. Every day you will come across various notifications, amendments and new developed software’s coming into market. While India is considered as the booming market and there a considerable boom in job market too, there is a stiff competition for those jobs. Since the accounting field is dynamic i.e. changes with the business needs and technology, an accountant needs to get himself abreast with the updates.
The Business Accounting and Taxation program teaches you all the practical skill required for accounting and trains you with the most commonly used tools across the industry.

  • Classroom Training

    2.5 Months (Full Time, Mon-Fri) or 5 months (Weekend, Sunday). Exhaustive classroom training by Experienced Professionals. The Program is conducted on Weekdays & Weekend.

  • Industry Endorsed Curriculum

    Course contents vetted by leading companies- Skills that will make you employable for a job from day one

  • Our Faculty

    At EduPristine, we invite industry professionals with relevant experience to conduct training(Topic Expert Model)

  • Application oriented training

    The program is integrated with high end accounting softwares and applications viz. Tally, QuickBooks, SAP and Advanced Excel.

  • Case Study Approach

    Participants will be assigned a role of an accountant wherein they will be doing A to Z of what an actual accountant do, from managing day to day accounting, MIS reporting, monthly/quarterly tax payments to managing statutory compliance.

  • Comprehensive study notes

    Prepared by Expert Faculty in Hardcopy and Soft copy format.

  • Additional Features

    Complimentary material access on Advance Excel - Online
    Complimentary material access on IFRS - Online
    Additional Session on Career Orientation: Business Communication, Interview Preparation & Presentation Skill.

  • Recordings

    Access to exclusive video recordings spanning over all topics (Available Online Only)

  • Certifications

    Certificate on Business Accounting and Taxation Course Completion
    Certificate on GST
    Certificate on QuickBooks
    Certificate on SAP Course

  • 100% Placement assistance

    Dedicated Placement Team, focus is to provide Accounts, Taxation, MIS and Compliance related jobs rather than sales, operations or back end processes

  • Online Support

    24x7 Online Access to Course Material (Presentations, Recordings, Practice Files, Utility Files, etc.) and Doubt solving forum to interact with faculty and fellow students.

Course Structure

1.1 Basics of Accounting

  • Meaning and objectives of accounting
  • Branches & System of Accounting
  • Generally Accepted Accounting Principles
    • Expectation from any Accounting Information
    • Need for Uniformity in Accounting Principles
    • List of Accounting Standards (ICAI)
  • Indian Accounting Standards
    • List of Indian Accounting Standards (MCA)
  • Accounting Concepts – Base of Financial Analysis
    • key Accounting Concepts
    • Effect of changes in Accounting Treatment
    • Flow of Transaction
    • Financial Statement Integration
    • Double Entry Accounting
    • Types of Accounts and impact of double entry system
    • Tips for Debit & Credit
    • Practical - Accounting Equation and Impact on Various Accounts
    • What is P/L
    • P/l Basic terms
    • Presentation format - P/L
    • Revenue Recognition rules
    • Expense Recognition rules
    • Exceptions to the Accrual Principles
      • Exception 1 - Long Term Contracts
      • Exception 2 – Installment Sales
    • Balance Sheet (includes Assets, Liabilities and Equity)
    • B/S Basic Terms
    • Meaning of Working Capital
    • Basics of Cash Flow Statement
    • Non-cash Transactions
    • Categories of Cash Flow Statement
    • Illustrative Cash Flow – Direct Method
    • Illustrative Cash Flow – Indirect Method
    • Inventories
    • Inventory costs
    • Practice Question
    • Inventory Management and Control
    • Inventory Valuation
    • Illustrative Data for Comprehensive Example
    • Specific Identification
    • FIFO Weighted Average
    • Moving Average
  • Depreciation Accounting
    • Depreciation
    • Illustration: Straight-Line Method
    • Illustration: Written Down Value Method
    • Straight-Line Vs. Written Down Value Method
    • Accounting for Depreciation
    • Key takeaway
    • Accounting Flow Chart
    • Integration of financial statements

1.2. Intro to Case Study and Tally

  • Case Study
  • Introduction to Tally
    • Setting up Tally
    • Creating a Company
    • Customized company
    • Enabling Accounting Feature
    • Enabling Inventory Feature
    • Enabling Statutory Feature
    • Accounting Information Flow in Tally
    • Creating Groups, Sub-Groups, Ledgers, Vouchers in Tally
    • Steps for posting accounting entries (Sales, Purchase, Journal etc.)

1.3 Expense and Purchase Process

  • Expenses Process Overview
  • Department and Budget
  • Preparation of Budget
  • Authority Matrix and its process flow
  • Purchase Process Overview
  • Purchase Requisition
  • Purchase order
  • Creation of PO in Tally
  • Goods Receipt Note (GRN)
  • Goods Receipt Note (GRN) in Tally
  • GRN Note Configuration
  • Purchases
  • Accounting Entry posting in tally
  • Types of Purchase Invoices
  • Purchase checks
  • Debit Note and its format
  • Debit Note: Features Activation
  • Payment
  • Payment process in Tally
  • Cheque Printing through Tally
  • Setting up the Cheque Printing
  • Cheque Configuration in Tally
  • Reports
  • PO Outstanding
  • Purchase bills pending
  • Key Takeaway
  • Transaction for Practice.

1.4 Sales Process

  • Sales Process and Its overview
  • Sales Requisition
  • SR format
  • Quotations and its preparations
  • Sales Order
  • Steps to create Sales Order
  • Delivery Note
  • Delivery Note Risks and its advantage
  • Delivery note configuration
  • Creating Delivery note in tally
  • Sales process and its entries in tally
  • Types of Sales Invoices
  • Sales Check
  • Understanding of Credit Note and its format
  • Credit note feature activation in Tally
  • Receipt
  • Receipt process in Tally
  • Reports
    • Sales Order Outstanding
    • Pending Sales bill
    • Debtors Ageing
    • Delivery Note not issued
    • Sale Bill there but Delivery Note not there
    • Sale Order there but Delivery Note not there, etc.
  • Transaction for Practice.

Goods & Services Tax (GST)

  • Basics of Tax
    • Direct v/s Indirect Tax
    • Taxation System in India
    • How Indirect Tax Impacted by GST
    • Shortcomings in the Previous Indirect Tax Structure
  • Introduction To GST
    • Understanding GST in India
    • Understanding GST in India – Impact on import and exports under destination based taxation
    • Previous taxes subsumed in GST
    • Broad Overview of GST
    • Benefit of GST in India
    • Rates Comparison for different Industry
    • GST Rate Finder App and how to use it.
  • Applicability of GST
    • Time of Supply
    • Time of Supply: Services
    • Time of Supply: reverse Charges
    • Time of Supply: Supplier located outside India
    • Time and Place of Supply: Goods
    • Time of Supply: Vouchers and Residual Cases
    • Time of Supply: Change in rate of tax
    • Place of Supply
    • Overview
    • Place of Supply Rules: Goods
    • Place of Supply: Services
    • Supply of Services
    • Meaning of Location of the Recipient of Services
    • Meaning of Location of The Provider / Supplier of Services
  • Valuation
    • Valuation: Transaction Value
    • Practical example: Valuation
    • Valuation: Treatment of discounts
    • Discounts
    • Valuation: Consideration Is Not Wholly in Money
    • Valuation: Related Person
    • Valuation: Cost Method
  • Tax Invoice
    • Tax Invoice: Timing
    • Tax Invoice: Content
    • Tax Invoice: Manner
    • Tax Invoice: Sample
    • Accounts & records
  • Input Tax Credit
    • Input Tax Credit: Eligibility and Time Limit
    • Utilization of Input Tax Credit
  • Registration of GST
    • Aggregate Turnover
    • Points to Remember when Registering
    • Meaning of some key terms
    • Registration Number
    • Multiple Registrations Within the Same State
    • Exemption from Registration
    • Voluntary Registration
    • Positives of Voluntary Registration
    • Multiple Registrations Within the Same State
    • Exemption from Registration
    • Negatives of Voluntary Registration
    • Positives of Voluntary Registration
    • Transitional Provisions
    • GST Enrollment Process Flow
    • Documentation for GST registration
    • GST Compliance Rating
  • Payment of Tax
    • Forms for Payment of Tax
    • Types of Ledgers and Register
    • Challan for Deposit of Goods and Services Tax
    • refund of Tax
    • Forms for Refund of Tax
    • Composition Scheme
    • Taxable Persons Excluded from The Composition Scheme
  • GST Return File
    • GST Returns: How and When to File Them
    • GST Returns: Steps for filing return
    • GST Returns: Overview of GSTR 1-3
  • GST in Tally
    • Setting up Tally Version 6
    • Statutory Feature
    • Setting up GST Rates
    • Data and reports
    • GSTR 1 and 2
    • List of Exceptions
    • Unavailability of GSTIN
    • Updating Party GSTIN
    • Modifying accounting voucher
    • Exporting GSTR 1
    • Uploading GSTR 1 Details
    • Creating new GST Entries
    • Extracting GST data from Tally
    • GST Report
    • Some useful Tally features
    • Return File of GST through WayGST
    • Collating data in WayGST format
    • Populate data from Tally format to platform format
  • Understanding WayGST platform (LAB)
    • Getting Started with GST Lab
    • Understanding of its Dashboard
    • Adding client and updating its details
  • Filling Return of GSTR 1
    • 5 Steps Involved in GSTR 1
  • Filling Return of GSTR 2
    • 7 Steps Involved in GSTR 2
    • Audit of return file
  • Filing Returns: GSTR-3B
    • 4 Steps involved in filing GSTR-3B
    • Key Takeaway

Income Tax

  • The Income-tax Act, 1961
    • Meaning of Income
    • Categories of Years (A.Y, P.Y.)
    • Principles relating to charge of Income Tax
    • Residential Status and its significance
    • Residential Status criteria
    • Residential Status - Individual
    • Arrival & departure date
    • Residential Status – Companies
    • Income Tax Slab
    • Accounting for Income Tax
    • Accounting Entry
  • Heads of Income
    • Salaries
      • Income from Salary
      • House Rent Allowance (HRA)
      • Computation of Salary
    • Income from House Property
      • Income from House Property
      • Interest on Borrowed Capital
      • Computation of Income under House Property
    • Capital Gains
      • Income from Capital Gains
      • Types of Income from Capital Gains
      • Computation of Capital Gains and Exemptions
    • Profits and Gains of Business or Profession
      • Profits and Gains of Business or Profession
      • Ingredients of Profits and Gains of Business or Profession
      • Computation of Income from Business
      • Computation of Income from Profession
    • Income from Other Sources (including gifts)
      • Income from other Source
      • Computation of Income from other Source
      • Income from gift
      • Applicability
      • Exemptions
    • Deductions
    • Advance Tax
    • Due Dates for Payments
    • Computation of Total Income
    • Permanent Account Number (PAN)
    • Features of PAN Card
    • Key checks for genuineness of PAN Card
  • Income Tax Returns
    • Types of Challan
    • Assessment Order
    • Utility file downloading and data filling
    • E – Filling of Income Tax
    • Process of e-Filing
    • Exemption under section 10 of Income Tax Act
    • Key Takeaway
  • Tax Deducted at Source (TDS
    • Tax Deducted at Source (TDS)
    • Applicable Rates of TDS
    • When to Deduct Tax
    • Accounting for TDS
    • Payment of TDS
    • Due Date of Filing of TDS Return
    • Issue of TDS Certificates
    • Details for TDS from Tally from filing Returns
    • Steps for generating TDS details from Tally
  • Filing of TDS Return
    • Step 1 - Downloading the RPU from NSDL Site
    • Step 2 - Filling the form in RPU
    • Step 3 - Enter the Annexure Details in RPU
    • Step 4 – Download the CSI File
    • CSI File
    • Step 5 - Validate the file
  • Key Takeaways
  • TDS Overview

1. Understanding Payroll Components

  • Provident Fund
    • Meaning of Provident Fund
    • Applicability of PF
    • Important Terms
    • Contribution under PF
      • Statutory Provident Fund (SPF)
      • Recognized Provident Fund (RPF)
      • Unrecognized Provident Fund (URPF)
      • Public Provident Fund (PPF)
    • Types of PF
    • Calculation of PF
    • Practical Exercise
  • ESIC – Employees State Insurance Corporation
    • Introduction of ESIC
    • Benefits of ESIC
    • Applicability of ESIC
    • Important Terms of ESIC
      • Principal Employer
      • Immediate Employer
      • Wages
      • Dependent
      • Factory
      • Contribution
      • Employment Injury
    • Constitutional Provision
    • Contributions under ESIC
    • Calculation of ESIC
    • ESIC – Due Dates and Penalty
      • Statutory Forms
      • Due Dates: Deposits & Returns
    • ESIC – Treatment of resignation
  • Professional Tax
    • Meaning of PT
    • Applicability of PT
  • Professional Tax – Deductions and Liability
    • Liability under PT
    • Professional Tax – PTEC v/s PTRC
    • Professional Tax – Accounting
    • Professional Tax – Due Dates
    • Professional Tax – Exempted Individuals

2. Payroll in Tally

  • Payroll Management System
  • Payroll Process
  • Activation of Payroll in Tally
  • Employee Master File
  • Time Keeping
  • 5 easy steps to Process Payroll in Tally ERP
  • Summary of Tally Instructions
  • Creating Employee Masters
  • Payroll Masters
  • Creating Attendance Types
  • Creating Pay Heads
  • Create Pay Heads – Employer & Employee’s ESI Deduction
  • Create Pay Heads – Employer & Employee’s PF Contribution
  • Create Pay Heads – Professional Tax Deduction
  • Payroll in Tally ERP- Create Salary Details
  • Payroll in Tally ERP- Attendance Voucher
  • Payroll in Tally ERP – Payment
  • Payroll Reports
  • Pay slip generation
  • Key Reports: Attendance Sheet
  • Computation of Salary
  • Key Takeaway

3. Registration and Returns for Payroll Components

  • Provident Fund – Registration
  • Procedure for registration
  • Provident Fund – Filing of E-Return
  • Using the e-Return Software
  • Incorporate basic details of the company
  • Masters MODULE
  • Feed in the mandatory details regarding the establishment
  • Creating Employee Master
  • Importing employee details from Tally
  • Data Entry for Monthly Return
  • Importing employee details from Tally
  • Generating ECR
  • Procedure for uploading ECR
  • Procedure for remitting the PF amount
  • Miscellaneous Forms
  • Filing of ESIC Return
  • Steps involved in ESIC Return Filing
  • Make the payment through the desired mode of payment
  • Self-Certification
  • Registration under Professional Tax
  • Filing of Professional Tax Return

Finalization of Financial Statements

  • Different Types of Financial Statements
  • Format of Financial Statements – Balance Sheet
  • Format of Financial Statements – Profit & Loss Account
  • Format of Financial Statements – Cash Flow Statement
  • Components of Cash Flow Statement
  • Format of Direct Method Cash Flow Statement
  • Important Financial Statements terms
  • Components of Share Capital
  • Important Balance Sheet Terms
  • Understanding Deferred Tax
  • Example of Deferred Tax Asset
  • Important Profit & Loss Account Terms
  • Financial Ratios
  • Ratio Analysis
  • Earnings per share
  • Categories of Ratios
  • Ratio Analysis in Tally
  • Understanding Ratios from Tally
  • Audit of Financial Statements
  • Audit Reports – Types of Scenarios
  • 4 elements of a standard report
  • Auditor’s Report – Explanatory paragraph
  • Preparation of Financial Statements

Excel Tips

  • Basic of Excel
    • Intro to Excel
    • Understanding of Excel
    • Excel Shortcuts
      • Basic Editing and Saving
      • Special Shortcuts
      • Navigating and Editing Shortcuts
      • Formatting Shortcuts
      • Formulas
      • Auditing Formulas
      • Inside the cell Editing
      • Few other shortcuts
    • Cell Referencing - $
    • Simple Exercises in Excel
    • Arrays in Excel
    • Frequently Used Array functions
    • Using the VLookUp Function
    • Using the HLookup Function
    • Index & Match Functions
  • Management Information System - MIS
    • Objective of MIS – Management Information System
    • Advantages of MIS
    • MIS of receivables
    • Case Study – MIS of Receivables
    • MIS of Receivables - Display
    • MIS of Receivables – Account Books
    • MIS of Receivables – Group Summary
    • MIS of Receivables – Sundry Debtors
    • MIS of Receivables – Bill-wise Details
    • MIS of Receivables – Detailed view
    • MIS of Receivables – Ageing Analysis
    • MIS of Receivables – Understanding Reference Numbers
    • MIS of Receivables – Important Pointers
    • MIS of receivables in excel
  • Understand QuickBooks - Features and Benefits
  • Assignments using QuickBooks Online Accounting Software
  • Performing Everyday Tasks like Invoicing, Bookkeeping and Billing in QuickBooks
  • Creating and managing Invoices
  • Business English
  • Preparation for the Interview
  • Interview Questions and Suggested Answers
  • Presentation Skills
  • SAP
  • Hands on training on Accounts Payable and Account Receivable
  • Setting up purchase and sales process
  • Cash & Credit management
  • Liquidity management
  • Delivery & Invoice management

You Win Because of Your Team

Level up Your Team

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Business accounting and taxation Free Material

Business accounting and taxation free counselling

Business accounting and taxation seminar

EligibilityCRITERIA

Undergraduates, Graduates, M.com, MBAs and working professionals aspiring for a Career in accounting and taxation. It requires a logical mind and a broad knowledge about accounting & taxation process.

Schedule WHEN

Location Start Date Batch Type Class Timing
Location Start Date Batch Type Class Timing
Location Start Date Batch Type Class Timing
Location Start Date Batch Type Class Timing

CareerSUPPORT

Jobs Preparation:
Faculty prepares you for the right technical
skills to crack Interviews in 1st Attempt

Career Resources:
Placement Guide will train you for HR interviews and salary negotiation.

Career Orientation:
Career Coach will assist to gain confidence to participate in Business discussions.

CertificatePREVIEW

Benefits WHY?

  • Maintain the Books of Account for any company from scratch

  • Work independently on return filing, taxation, statutory compliances

  • Finalize Accounts and handle everything independently

  • Prepare & present MIS Reports to management

  • Take challenging roles in Accounting, Taxation, Auditing and Compliance

  • Learn and work on Quickbook, Tally and SAP

According to PayScale June 2017, Accounting specialists typically earn between

INR 8,86,794

per annum including bonuses.

Reviews WHAT OTHERS SAY

This course will be giving me all the required knowledge in accounts domain and will be helping me to make my career in the accounting profile. I offer my sincere thanks to the placement team at EduPristine who took the maximum efforts in securing a job for me in a reputed organization in Mumbai.

Salman Khan B.Com

I have joined this course to have a deep knowledge in accounting domain, and I am getting my knowledge enhanced here. It has been a good experienced till now.

Naman Sharma BBA (Finance)

FAQsWHY?

Business Accounting and Taxation vs Other Commerce Courses

How doing this course will help me in my future Career Growth?

I have already learnt Tally, how is this different from what I have learnt?

What are the future job prospects after BAT Certification?

How much salary can I expect after this course?

How this course will help in career ahead, Big Companies will seek for CA only?

Which college/ university is BAT course affiliated with?

Do you provide complete training separately in SAP for taxation, payroll, etc?

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