Training on the field of Taxations

Objectives

The object of this course is to empower law students, having expertise or skill in such a manner so that they can learn the concept, working processes and practical knowledge in the field of practicing as a advocate and Accounting,which will help them getting a career opportunity in various type of Indian industries, as a GST councils, Income tax practionrers, EPF and ESIC Practices, Accounting, Banking, Logistics ,Store keeping, Inventory management and other sector. It is a demanding and profitable field of law that provides numerous benefits. Tax lawyers often have strong job security since tax law is a relatively stable topic of law. Tax lawyers are often well compensated, particularly those who work at top law firms or in-house for significant corporations.

Target Audience

Law Graduate students, BBA- LLB students, Management scalars secretarial assistant, Legal consultants, entrepreneurs.

Duration of Course

12 weeks

Credit Weight

3 Credits

Certificate

Certificate will provide after completion of course. Training certificate and Internship certificate with project report.

Course is helpful in Career Positions

Completion of course will provide required knowledge of Accounts, Finance and Income tax, GST, EPF,ESIC,Labour Law, other field along with hands on experience of working on Accounts ERP Software “Accountwell”.Student can get a career in following fields –

  • Legal Assistant
  • Practicing as a tax consultants
  • Legal Advisers
  • Tax Attorney
  • Tax Collector
  • Tax Associate
  • Chief Financial Officer
  • Tax Analyst Store In charge
  • Trademark Trainee
  • Legal Associate
  • Corporate Drafting
  • Business affairs councils

Module - 1

Unit 1
  • Course Introduction
  • Benefits of Courses
  • How VidyaBridge help your Career
Unit 2
  • Accounting Concept
  • Accounting Principles
  • Accounting Conventions
  • Accounting Assumptions
Unit 3
  • Accounting Process
  • Users of Accounting information
  • Functions of accounting
  • Limitations
  • Double Entry System
  • Advantages of Double Entry system
Unit 4
  • Type of Business Constitution
  • Real scenario Examples
  • Registration Process
Unit 5
  • Time Office Concept
  • Benefits of time office
  • Importance of time office in industries
Unit 6
  • Revision of Module -1
  • Mapping of Course covered with Industry Scenario
  • Practical Examples and Case Studies

Module - 2

Unit 1
  • Salary and Wages Register
  • Attendance Register
  • Summary Sheet of Salary & Wages
Unit 2
  • Employee Provident Fund (EPF) Concept
  • Detailed Study of EPF
  • Benefits of EPF for Employee
  • Importance of EPF for Employer
Unit 3
  • Concept of Employee’s State insurance (ESI)
  • Rules and regulation of ESIC Act
  • Calculation of ESIC
  • Benefits of ESIC for Employee
  • Importance of ESIC for Employer
Unit 4
  • Concept of Group Insurance
  • Advances and Loan
  • Deduction
  • Importance & Benefits
  • Practical Examples
Unit 5
  • Industrial Development in India
  • Kind of Industries
  • Heavy Industries
  • Medium Heavy Industries
  • Small Scale Industries
  • Characteristics, Roles& Examples
Unit 6
  • Different Job Area in Industries
  • Type of Work in Industries
  • Industries in Uttar Pradesh
  • District wise Industries in UP

Module - 3

Unit 1
  • Budgeting Process
  • Accounts Book Supporting Documents(Evidence of expenses)
  • Type of Vouchers
  • Need & Their Uses
  • Voucher Format
  • Preparation of Voucher
Unit 2
  • Process of Book Keeping
  • Cash Book
Unit 3
  • Ledger
  • Ledger Posting
  • Balancing an Accounts
Unit 4
  • Subsidiary Book –Part 1
  • Purchase Book
  • Sales Book
Unit 5
  • Subsidiary Book – Part 2
  • Bank Book
  • Journal Book
  • Miscellaneous Books
Unit 6
  • Subsidiary Book – Part 3
  • Payment Issue & Received Register
  • Commission and Incentive Register
  • Purchase Register
  • Sales Register
  • Transportation Register
  • Brokerage Register

Module - 4

Unit 1
  • Information Technology Skills
  • Introduction to Computer
Unit 2
  • Types of Software
  • Operating System
  • Application Software
Unit 3
  • Microsoft Office
  • Microsoft Word Tools
  • Microsoft Word application
Unit 4
  • Working on Microsoft Excel
  • Microsoft Excel Tools
  • MS Excel Practice
Unit 5
  • Working on Power Point Presentation
  • MS PowerPoint Tools
  • MS PowerPoint Practice
Unit 6
  • Network Concept
  • Introduction to Internet and WWW
  • E-mail, Social Networking

Module - 5

Unit 1
  • Introduction to Accounting Software
  • Account well ERP for Accounts & Finance
  • Overview of Account well Software
Unit 2
  • Getting Started with Account Well ERP
  • How to Login Account well ERP
  • Create Company Master - Part 1
  • Create Company Master - Part 2
  • Create Branch Master
Unit 3
  • Creation of Unit Master
  • Creation of Item Group Master
  • Creation of Item Category Master
  • Creation of Commodity Master
  • Creation of Item Master
Unit 4
  • Creation of Nationality Master
  • Creation of Religion Master
  • Creation of Caste Master
  • Creation of Category Master
  • Creation of Department Master
  • Creation of Designation Master
  • Employee Registration
  • Employee Id Setting
Unit 5
  • Indent Creation
  • Indent Approval
  • Purchase Order Creation
  • Purchase Order Approval
  • Material Inward Entry
  • Material Approval
  • Material Rejection
  • Purchase Bill
  • Purchase Return
Unit 6
  • Ledger Group Master
  • Ledger Creation Master
  • Cash/ Bank Payment Voucher
  • Cash/ Bank Receive Voucher
  • Journal Voucher
  • Contra Voucher
  • Ledger
  • Cash Book
  • Day Book
  • Trial Balance
  • Profit & Loss
  • Balance Sheet

Module - 6

Unit 1
  • Definition of Inventory
  • Significance of Inventory Valuation
  • Cost of Inventories
  • Inventory Record Systems: Periodic and Perpetual
  • Methods of Inventory Valuation
  • Choice of Method
  • Lower-of-Cost or Market Value Rule
  • Important Formats of Stock Books
Unit 2
  • Daily Material Receipt (DMR)
  • Daily Material Receipt Register
Unit 3
  • Indent
  • Indent Process
  • Indent Register
Unit 4
  • Purchase Order
  • Purchase Order Terms
  • Purchase Order Format
Unit 5
  • Challan
  • Invoice
  • Difference in Delivery Challan & E-Way Bill
  • Procedure for Delivery Challan Issue

Module - 7

Unit 1
  • Trial balance
  • Depreciation Chart
Unit 2
  • Partnership Account
  • Partnership Agreement
  • Powers of Partners
  • Partners’ Capital Account
  • Interest Calculation of Partners Capital Accounts
  • Remuneration of Partnership Calculation Process
Unit 3
  • Manufacturing & Trading Account and Profit Loss A/c
  • Trading account& Profit Loss A/c
  • Capital Account
Unit 4
  • Debit Note/Credit Note
  • Provision of Liabilities and Assets
  • Provision of Prepaid Expenses and Preliminary
  • Expenses
Unit 5
  • Balance sheet

Module - 8

Unit 1
  • Personality development Skills
  • Interview Skills
Unit 2
  • Banking System
  • Internet Banking
  • Fund Transfer Type
  • ATM/Debit/Credit Card
Unit 3
  • Concept of Stock Trading
  • Concept of Mutual Fund
  • Concept of Insurance Scheme
Unit 4
  • Concept of Saving Schemes (Private & Government
  • e-Governance Services
Unit 5
  • GST Overview
  • Governing Bodies
  • Operational Knowledge of GST
  • GST Ready Reckoner
  • GST Act in Brief
  • GST Rules
  • Case History in GST Related Case
  • Drafting of Application and Case Proceedings
Unit 6
  • Income Tax
  • About Income Tax
  • Concept of income Tax
  • Reedy Recovers Reading Method
  • Rules
  • Regulations
  • Drafting

Course Features

  • 12 Weeks
  • 3 Credits
  • Certificate After Completion
  • Course Fee:Rs. 1000/- + Tax
  • Lifetime Access
  • Interactive Doubt Resolution
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