Accounts Executive

After completing this programme, participants will be able to:

• File Income Tax- Self Assessment
• TDS
• GST filing
• Will learn Tally ERP9/Tally Prime
• Will know the overview of Financial Ratios
• Will be an expert in preparing Final accounts

An accountant is needed in each and every organisation, viz, small to large. Besides there are immense opportunities in middle east for qualified NSDC certified accountants.

Underline the basic concepts in accounting

• Interpret the objectives of financial accounting
• List the advantages and limitations of financial accounting
• Identify important accounting terms and concepts
• Interpret the double entry system
• List different types of accounts
• Recognise business transactions and their source documents
• Interpret the method of recording business transactions
• Employ different methods of recording business transactions
• Operate with different types of journals and ledgers
• Practice passing of journal/ledger entries
• Relate to the concept of trial balance
• Relate to the concept and application of subsidiary books
• Recognise the process of preparation of final accounts
• Distinguish between trading, manufacturing and profit & loss account
• Interpret a balance sheet and its particulars
• Examine the processes and methods of payment to suppliers
• Interpret purchase and sales journals, vouchers, registers challans
• Analyse the contents of journals, vouchers, registers and challans to, auditors
• Distinguish between different methods of remittances like RTGS, NEFT, IMPS and clearing

Examine basic concepts like due date, financial year and assessment year

• Evaluate tax related concepts like

1. Time of supply of goods
2. Place of supply
3. Location of supplier of goods

• List down in detail tax terminologies such as input tax credit, output tax, TDS, tax collected at source (TCS) and rates of TDS, input Value Added Tax (VAT), output tax, and/or Goods and Services Tax (GST), etc.

• List down the incidences of taxation
• Underline time of supply of goods
• Recognize the 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.

• Comprehend the fundamental concept of GST
• Interpret the concept of supply
• Differentiate between taxable and non-taxable supply
• Recognise the applicability of SGST, CGST and IGST
• Explain how IGST is levied
• Examine adjustment against Tax Payable and input tax credit set-off
• Apply the process of making tax payment to the Government
• Demonstrate E-Filing Returns

• 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

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

• Underline 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

• Compare different types of receipts and payments in a business
• Inspect purchase orders, purchase journal, supplier and payment details
• Examine the documentation submitted along with purchase order/invoice
• Record purchase/sale sales in respective journals
• Prepare delivery challans and vouchers
• Operate the Tally system and learn to pass entries in Tally
• Analyse the process of cash payments
• Analyse the process of payments through electronic channels (cheques, DD, PO, RTGS, NEFT, IMPS, ECS, etc.)
• Create a sales invoice
• Comprehend the concept of reconciliation
• Prepare reconciliation statements
• Identify the process of opening and closing cash
• Examine the nuances of handling cash
• Prepare cash-flow statements and reports

• 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 depreciation
• List down different rates of 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

• 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

• 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

• 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

White board, Marker, Overhead projector, Laptop with Tally software installed, Internet access, Game Card