Advance Accounting & Taxations
Objective
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
4 Credits
Certificate
Certificate will provide after completion of course. Training certificate and Internship Sertificate with Project Report and Placement Assistance.
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
- Course Introduction
- Benefits of Courses
- How VidyaBridge help your Career
- Accounting Concept
- Accounting Principles
- Accounting Conventions
- Accounting Assumptions
- Accounting Process
- Users of Accounting information
- Functions of accounting
- Limitations
- Double Entry System
- Advantages of Double Entry system
- Type of Business Constitution
- Real scenario Examples
- Registration Process
- Time Office Concept
- Benefits of time office
- Importance of time office in industries
- Revision of Module -1
- Mapping of Course covered with Industry Scenario
- Practical Examples and Case Studies
Module - 2
- Salary and Wages Register
- Attendance Register
- Summary Sheet of Salary & Wages
- Employee Provident Fund (EPF) Concept
- Detailed Study of EPF
- Benefits of EPF for Employee
- Importance of EPF for Employer
- 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
- Concept of Group Insurance
- Advances and Loan
- Deduction
- Importance & Benefits
- Practical Examples
- Industrial Development in India
- Kind of Industries
- Heavy Industries
- Medium Heavy Industries
- Small Scale Industries
- Characteristics, Roles& Examples
- Different Job Area in Industries
- Type of Work in Industries
- Industries in Uttar Pradesh
- District wise Industries in UP
Module - 3
- Budgeting Process
- Accounts Book Supporting Documents(Evidence of expenses)
- Type of Vouchers
- Need & Their Uses
- Voucher Format
- Preparation of Voucher
- Process of Book Keeping
- Cash Book
- Ledger
- Ledger Posting
- Balancing an Accounts
- Subsidiary Book –Part 1
- Purchase Book
- Sales Book
- Subsidiary Book – Part 2
- Bank Book
- Journal Book
- Miscellaneous Books
- Subsidiary Book – Part 3
- Payment Issue & Received Register
- Commission and Incentive Register
- Purchase Register
- Sales Register
- Transportation Register
- Brokerage Register
Module - 4
- Introduction to Accounting Software
- Account well ERP for Accounts & Finance
- Overview of Account well Software
- 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
- Creation of Unit Master
- Creation of Item Group Master
- Creation of Item Category Master
- Creation of Commodity Master
- Creation of Item Master
- 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
- Indent Creation
- Indent Approval
- Purchase Order Creation
- Purchase Order Approval
- Material Inward Entry
- Material Approval
- Material Rejection
- Purchase Bill
- Purchase Return
- 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 - 5
- 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
- Daily Material Receipt (DMR)
- Daily Material Receipt Register
- Indent
- Indent Process
- Indent Register
- Purchase Order
- Purchase Order Terms
- Purchase Order Format
- Challan
- Invoice
- Difference in Delivery Challan & E-Way Bill
- Procedure for Delivery Challan Issue
Module - 6
- Trial balance
- Depreciation Chart
- Partnership Account
- Partnership Agreement
- Powers of Partners
- Partners’ Capital Account
- Interest Calculation of Partners Capital Accounts
- Remuneration of Partnership Calculation Process
- Manufacturing & Trading Account and Profit Loss A/c
- Trading account& Profit Loss A/c
- Capital Account
- Debit Note/Credit Note
- Provision of Liabilities and Assets
- Provision of Prepaid Expenses and Preliminary
- Expenses
- Balance sheet
Module - 7
- Personality development Skills
- Interview Skills
- Banking System
- Internet Banking
- Fund Transfer Type
- ATM/Debit/Credit Card
- Concept of Stock Trading
- Concept of Mutual Fund
- Concept of Insurance Scheme
- Concept of Saving Schemes (Private & Government
- e-Governance Services
- 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
- Income Tax
- About Income Tax
- Concept of income Tax
- Reedy Recovers Reading Method
- Rules
- Regulations
- Drafting
Learning Management System (LMS) Panel:
- Lifetime Access: Students can log in securely at any time.
Course Features
- Live Online Classes: Engage in real-time sessions with instructors
- Interactive Sessions: Participate in discussions and Q&A to enhance learning.
- Practical Sessions: Apply concepts through hands-on activities.
- Class Recordings: Access recordings of live classes for review at your convenience
- Self-Learning Videos: Benefit from pre-recorded videos to reinforce learning.
- Digital Course Materials: Receive a soft copy of all course content.
- Assignments: Complete practical assignments to apply your knowledge.
- Practice Assessments: Test your understanding with practice quizzes.
- Final Assessment: Evaluate your overall progress with a comprehensive exam.