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Advanced Industrial Accounts

  • Duration12 Months
  • Daily2 hour class
  • FeeRs. 31,000 + tax

Introduction to Accounts

  • Introduction, accounts, basic accounting terms, book keeping, accounting procedure
  • Book keeping objectives
  • Difference between accounting and book keeping
  • Double entry system & single entry system
  • Account heads, books of accounts

Practical System of Book Keeping

  • Cash book
    • Single column cash book
    • Double column cash book
    • Cash book with bank column
  • Petty cash book
    • Simple petty cash book
    • Analytical petty cash book
  • Ledgers, trial balance
  • Final accounts (Trading / Profit or Loss Account / Balance Sheet)

Accounts of Labour Cost

  • Payroll statements
  • Provident fund calculations
  • Employee State Insurance calculations
  • PF recovery, advance deductions
  • Overtime calculations (days & hours)
  • Pay slips, payment advices
  • Bonus statement
  • Voucher forms

Accounts for Materials

  • GST billing
  • Stock ledgers
  • Methods of stock valuation: LIFO, FIFO, average cost, standard cost, last purchase price, weighted average
  • Stock statement
  • Cost sheet
  • Tenders / quotations
  • Production statements
  • EOQ (economic order quantity)

Finalisation of Firms

  • Depreciation
  • Trading Account, Profit & Loss Account, Balance Sheet with adjustments of firms

Advanced Accounting

  • Journal book
  • Journal to ledger
  • Accounts of non-profit organisations
  • Budgets

Banking & Finance

  • Bank reconciliation
    • With bank balance (Dr)
    • With bank overdraft (Cr)
  • Projected Profit or Loss Account
  • Projected Balance Sheet

Mini Project

  • Final report on the syllabus covered

Computer Basics

  • Introduction, fundamentals, operating system, software devices, hardware devices, Notepad, WordPad, Paint, MS Word, MS Excel, MS PowerPoint

Computer Accounting

  • Marg and e-billing with GST

Hire Purchase & Instalment Purchase System

  • Meaning and accounting treatment in different cases
    • All particulars given & instalments inclusive of interest
    • Instalments exclusive of interest
    • Calculation of interest when rate is not given
    • When cash price is not given
  • Transfer of assets by the hire purchaser
  • Adjustments for default & repossession
    • Vendor takes back the complete assets
    • Vendor takes back only part of the assets
  • Proforma of hire purchase register
  • Difference between instalment purchase and hire purchase
  • Accounting entries for instalment purchase

Insurance Claims

  • Gross profit ratio
  • Memorandum trading account
  • Average clause
  • Indemnity period
  • Short sale

Financial Analysis

  • Meaning, parties interested in financial analysis
  • Tools and techniques of financial analysis
  • Comparative statement
  • Common size statement
  • Ratio analysis
    • Profitability ratios
    • Performance or turnover ratios
    • Liquidity or short-term financial ratios
    • Solvency or long-term financial ratios
  • Cash flow statement
  • Funds flow statement

Joint Venture & Consignment

  • Joint venture
    • Meaning, treatment
    • Valuation of unsold stock
  • Consignment
    • Meaning, treatment
    • Consignment vs. sale
    • Valuation of unsold stock
    • Normal & abnormal loss of stock
    • Goods returned by the consignee
    • Joint venture vs. consignment
    • Joint venture vs. partnership

Final Accounts of Partnership

  • Meaning, partnership deed, rules in absence of a deed
  • Special aspects of partnership final accounts
  • Types of capital, capital ratio, interest on capital/drawings
  • Distribution of profit among partners, goodwill

Final Accounts of Companies

  • Profit & Loss Account, Balance Sheet with adjustments of companies (vertical & horizontal)
  • Company vs. firm balance sheet
  • Public vs. private companies

Commercial Tax Practice

  • GST

Company Project Report

  • Final report on the syllabus with return forms and schedule of companies

Hardware Program

  • Introduction, operating system, Windows installation, hardware devices, troubleshooting, formatting, partitions, burning processes

Computer Accounting & Taxation

  • Tally ERP 9 and Busy with GST
  • GST with online return filing

How we teach

  • One computer, one student, one instructor – maximum instructor to student ratio 1:10.
  • Flexible timings between 8:00 am and 7:00 pm; each session is 1 hour unless stated otherwise.
  • Fee covers instruction, practicals, practice, project and exam preparation (if any).