Business Accountancy is a very fast growing area of employment with great demand from small and medium industries sector. Vskills Certified Business Accountant record and analyze the financial information of the companies for which they work. They are usually part of executive and finance teams. Vskills Certified Business Accountants can find jobs in SMEs all over the country.
Why should I take this certification?
Business Accountant record and analyze the financial information of the companies. This certification will teach you essential accounting & financial tools to understand business & will take you through the building blocks of creating statements. In addition, this course will help you learn the tools to record and analyze the financial information of the companies.
Learn necessary accounting concepts
Taxation
Banking & Finance
Costing & Auditing
Understand Investment & Financial Market
GST (Goods and Services Tax)
How will I benefit from taking this certification?
A Career in business accounting offers a variety of areas to specialize in and a wide variety of job opportunities. It also gives you the option to try different things. Business accountants are always in demand as almost every company needs a business accountant. Business accountants will find opportunities for employment in both the government and private sectors.
As a business accountant, you also have the option of starting your own business. This is one of the reasons that many become business accountants because there’s a great deal of flexibility.
All small and medium enterprise companies need a business accountant. There are more Accountant jobs opening up in the economy on a regular basis with the fast growth of the country. Some of the popular recruiters for Business Accountants are Accenture, Adonis Staff Services, PwC, E&Y, Deloitte etc
Apply for Business Accountant Certification
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MEANING AND SCOPE OF ACCOUNTING
Meaning of Accounting
Basics of Bookkeeping and Accounting
Accounting Concepts and Principles
Branches of Accounting
Classification of Expense, Income, Assets and Liabilities
Financial Statements
Systems of Accounting
Source Document
Journal
Ledger
Trial Balance
Subsidiary Books
Types of Subsidiary Books
Journal Proper
Cash Book
Bank Pass Book
Petty Cash Book
Imprest system
Bank Reconciliation Statement
Rectification of Errors
Suspense Account
Capital Expenditure and Revenue Expenditure
Capital Receipts and Revenue Receipts
Depreciation
Company Final Accounts
Shares
TAXATION
Terminologies
Residential Status of an entity
Income Tax Liability
Computation of Total Income
Heads of Income Tax
Taxability of Income
Income under House and Property
Deductions from Gross Total Income
Income from other source
Advance Tax
Tax Deduction at Source (TDS)
BANKING & FINANCE
Introduction
Banking Acts and Regulations
Types of Banks
Services offered by a Bank
Deposit Products
Mortgage and Loans
Banking Instruments
Clearing House
MICR – Magnetic Ink Character Recognition
ATM – Automated Teller Machine
Electronic Banking
Corporate Banking
Telebanking/Telephone Banking
Voice-Mail Facility
Plastic Money
Loan Scheduling and Development
COSTING & AUDITING
Introduction to Costing
Concept of Cost Accounting
Material / Inventory
Activity Based Costing (ABC)
Marginal Costing/ Break Even Analysis
Variance Analysis
Introduction to Auditing
Book-keeping, Accountancy and Auditing
Advantages of Auditing
Limitations of Auditing
Purpose of Audit
Types of Audit
Vouching
Verification of Assets and Liabilities
Valuation
INVESTMENT & FINANCIAL MARKET
Investment Market and its operation
Risk and Return
Financial Market, Participants and Instruments
Security Market and Emerging Trends
Company Capital/Shares
Portfolio Management
Bonds and Debentures
Derivatives
Hedging
Depository
Dematerialisation and Rematerialisation
Mutual Funds
Stock Exchange/Screen Based Trading
Investors Protection, Grievance, and Education
Time Value Money
Ratio Analysis
GST (Goods and Services Tax)
What is Direct and Indirect Tax
What is GST
Why GST
GST Model
IGST Method
GST Terms
Taxable Event
Threshold Limits
GST Exempt Supply
Input Tax Credit
Electronic Ledger
GST Input Tax Credit (ITC)
GST Composition Scheme or Levy
Reverse Charge
Input Service Distributor (ISD)
GST Supply
GST Value of Supply
GST Time of Supply
GST Place of Supply
GST Compliance Rating
GST Registration
GSTIN
GST Registration Forms
Casual Registration
Non-Resident Person
Deemed Registration
Voluntary GST Registration
Amendment to GST Registration
GSTIN Cancellation and Revocation
HSN Codes
GST Invoicing
GST Bill of Supply
GST Supplementary and Revised Invoices
GST Return
GSTN Dashboard
Return Filing on GSTN
GST Valuation
COURSE OUTLINE
Meaning And Scope Of Accounting
Understand the Meaning and scope of Accounting
Explains the basics concepts of Bookkeeping and Accounting
Understand the Concepts and Principles of Accounting
Explains about the Branches of Accounting and there applications
Explain the Classification of Expense, Income, Assets and Liabilities
Explains the various financial statements used in the accounting system
Brief on the structure of accounting system
Describes about the source documents used
Explains the methodology of journalizing, the type of entries recorded in the journal and the advantages of journalizing.
Understand the type of ledger accounts that can be maintained, procedure of posting ledger and how the accounts are balanced after posting
Describes about the objectives, methodology and drawbacks of preparing trial balance
Introduction to the types of subsidiary books, advantages of preparing a subsidiary
Describes the types of Subsidiary Books such as purchase book, sales book, purchase return book, sales return book, bills receivable book and bills payable book
Explains the concepts of Journal Proper i.e., how to pass an opening entry, transfer entry, adjusting entries and entries with rare transactions.
Distinction between cash and non-cash transactions and the documents required to be maintained in a cash book
Explains the types of cash books such as single column, double column and triple column cash book and provides with the rules and procedures of posting entries in these different types of cash book.
Describes the Imprest system and the procedure of maintaining a Petty Cash Book
Explains the causes of difference between the bank statements and cash book maintained, need and practice of maintaining Bank Reconciliation Statement
Describes the types of accounting errors and the various stages of rectification of these accounting errors
Explains the need for maintaining a suspense account and the procedure of disposal of suspense account
Describes the types of capital and revenue expenditure incurred and distinction between capital and revenue expenditure.
Describes the types of Capital Receipts and Revenue Receipts distinction between capital and revenue receipt.
Explains the characteristics and objectives of charging depreciation
Understand the causes of depreciation and explain the various methods of charging depreciation
Explains the characteristics of a company and elaborates on the classification of companies on the basis of liability, number of members
Provides details about the documents required to be filed in the formation of a company.
Understand the types of shares issued by a company
Gives details on the guidelines issued by SEBI on issue of shares to raise capital
Explains the procedure of issue of shares and the treatment in case of over-subscription and under-subscription of shares
Describes the conditions of forfeiture and surrender of shares and the procedure of re-issue of forfeited shares
Explains the conditions and process of redemption of preference shares,
Explains the guidelines for issue of bonus shares and the procedure of buy-back securities
Taxation
Understand the basic terminologies used in taxation
Explains the income tax liability depending on the Residential Status of an entity such as an individual, an association of persons, a company, every other person and Hindu Undivided Family (HUF).
Explains the classification of liability of income tax depending on Indian and Foreign income.
Explains the procedure of Computation of Total Income
Describes the five heads under which Income Tax is charged such as Income from salary, Income from house and property, Income from capital gains and Income from other sources
Details of the mathematical computation of tax liability
Describes the Taxability of Income under Partnership firm, Domestic company and Foreign company
Elaborates the various deductions applicable from Gross Total Income such as Section 80C, 80CCC, 80CCD, 80D, 80DD, 80DDB, 80E, 80G, 80GG, 80GGA, 80GGC, 80QQB, 80RRB, 80U.
Explain the concepts of Advance Tax and the section that are applicable
Understand the concept and the procedure of application of Tax Deduction at Source (TDS) under different circumstances
Gives details on the various types of assets that are subject to wealth tax and the assets that are exempted from wealth tax.
Explains the procedure of filing return and the process of payment of wealth tax
Explains the concepts and statutory provisions of service Tax in India
Understand the general provisions of VAT, different stages of application of VAT and the method of calculation of VAT.
Describe the new CENVAT scheme, the types of input and output services
Provides details about the documents on the basis of which CENVAT credit can be availed and the penalty with respect to wrong availment of CENVAT credit
Banking & Finance
Describes the present system of banking with respect to the various banking Acts and regulations such as Banking regulation act, Reserve bank of India act
Explains the categorization of Banks in the Indian banking system and the services that are offered by a bank
Describes the various type of deposit products such as Demand deposit and Term deposit and their further categorization
Explains the various type of business loans, procedure of taking a home loan, characteristics of a personal loan ad the documents required for applying consumer loans
Give details on the various type of banking instruments, their provision and working such as deposit slips, cheque etc.
Explains the clearing process, membership in a clearing house, settlement of funds, and return clearing
Introduction to MICR – Magnetic Ink Character Recognition and its advantages
Understand the type of ATM facilities that are offered in general and its benefits
Explains the benefits and limitations of Electronic Banking
Explain the concept of Tele-banking/Telephone Banking and voice-mail services offered
Understand the usage, benefits and limitation of plastic money such as Debit card and Credit card
Understand the Loan Scheduling and Development procedure and elaboration on presentation of a loan
Costing & Auditing
Introduction to Costing
Explains the Concept and the primary features of Cost Accounting
Explains the type of Material / Inventory, motives of holding inventory, types of cost incurred in maintaining inventory and the factors affecting the level of stock
Explain the various methods of material valuation, describes the various methods of remuneration and the steps for setting up an incentive scheme
Understand concept of Activity Based Costing (ABC) and the ABC modeling
Explains the concept of Marginal Costing/ Break Even Analysis and distinguish between marginal costing and absorption costing
Understand the theory of Variance Analysis and explains the types of variances such as Material variance, Labour variance, Overheads variance and Sales variance
Introduction to Auditing, steps involved in auditing, need of auditing
Understand the objectives and purpose of auditing, describes the qualities of an auditor
Distinction between accountancy and auditing
Distinction between investigation and auditing
Describes the advantages and limitations of auditing
Explains the different types of Audits
Explain the concept of Vouching, objectives of vouching , techniques of vouching, need of a voucher and inspection of a voucher
Explains the procedure involved in vouching of cash sales
Understand the concept of Verification of Assets and Liabilities
Introduction to valuation of assets depending on their classification and the responsibility of an auditor in valuation of assets
Investment & Financial Market
Understand the Investment environment, investment process, motives of investment and the various factors of sound investment
Classification and distinction between different investment activities
Explains the concept of risk and return when investing in financial market
Understand the current financial system, classification of Financial markets, members in the financial market and the various financial instruments used in the Financial Market
Describes the Security Market and Emerging Trends, methods of issuing securities (Public issue through prospectus, offer for sale, private placement, offer through book-building process
Understand the working of the primary market, methods of issuing securities in primary market
Explains the process of Initial Public Offer (IPO), method of applying IPO, allotment of shares in IPO sales
Understand the working of the secondary market, listing and delisting of securities
Understand the distribution of Capital/Shares in an organization
Understand the procedure of Portfolio Management, need and benefits of diversification
Explain the various Debt instruments issued in the financial market and its features
Describes the issue of Bonds and Debentures under primary and secondary market
Explains the characteristics and features of derivatives
Understand the functioning of the various types of financial derivatives such as forwards, futures, options and swaps
Explains the need and principles of Hedging
Describes the need of a depository, services offered by a depository and the constituents of the depository system
Explains the concept and need for Dematerialisation and Rematerialisation
Understand the benefits of investing in mutual funds, procedure of setting-up a mutual fund, types of mutual funds and the performance evaluation of mutual funds
Understanding the different types of stock exchange, explains the trading system of NSE (NEAT )
Describes the drawback of not trading on a recognized stock exchange
Explains the concept of foreign capital issuance and explains the functioning of ADR, ADS and GDR
Explains the guidelines issued by SEBI to for Investors Protection, the procedure to resolve the investors grievance and educating the investor about its rights and responsibilities
Understand the various compounding techniques to evaluate present and future value of money
Explains the procedure of evaluating financial accounting ratios such as liquidity ratios, leverage ratios, profitability ratios and market value ratios.