Basics of Accounting
. Introduction of Tally
Exploring the Concepts of Tally Accounting
The Business Entity Concept of Tally
The Dual Aspect Concept
The Accounting Period Concept
The Cost Concept
The Money Measurement Concept
The Going Concern Concept
The Accrual Concept
The Matching
Understanding the Conventions of Accounting
The Convention of Full Disclosure
The Convention of Materiality
The Convention of Consistency
The Convention of conservatism
Important Accounting Terms
Double Entry System
Accounts and its Types
Personal Account
Impersonal Account
Explaining Tally the Rules of Debit and Credit
Describing a Journal of Tally
Types of Journal
Recording a Transaction in a Journal
Defining a Compound Journal Entry
Understanding Ledger
Essential Features of Ledger
Advantages of Ledger
Performa of Ledger
Subdivision of Ledger
Trial Balance
Essential Features of Trial Balance
Advantages of Trial Balance
Performa of Trial Balance
Methods of Trial Balance
Understanding Error
Classification of Errors
Errors of Omission
Errors of Commission
Errors of Principle
Errors of Compensation
Tally Forms of Business Organizations
Sole Proprietorship
Partnership
Limited Liability Partnership
Company
HUF
Co-operative Society
Classifications of Business Organizations
Trading Organizations
Nature of Trading Organizations
Activities in Trading Organizations
Service Organizations
Nature of Service Organizations
Activities in Service Organizations
Manufacturing Organizations
Understanding of Financial Statements
Describing Financial Statements
The Manufacturing & Trading Account
The Profit and Loss Account/Income & Expenditure A/c
Balance Sheet
Cash Flow Statement
Fund Flow Statement
Difference between Assets, Liabilities, Income and Expenditure
Difference between Balance Sheet and Profit & Loss Account
Types and Formats of Financial Statements applicable to corporate and
non-corporate
Understanding Revenue from Operation
Understanding Purchases, Direct & Indirect Expenses
Computerized Accounting
Exploring Computerized Accounting
Need for Computerized Accounting
Merits of Computerized Accounting
Demerits of Computerized Accounting
Introduction to Tally.ERP 9
Introduction
Salient Features of Tally.ERP 9
Technological Advantages of Tally.ERP 9
Installing Tally.ERP 9 Application
Opening Tally.ERP 9 Application
Fundamentals of Tally.ERP 9
The Title Bar
The Horizontal Button Bar
The Gateway of Tally Screen
The Button Bar
The Product Information Bar
The Status bar Mouse/ Keyboard Conventions
Switching between Screen Areas
Quitting Tally.ERP 9
Creating a Company
Selecting a Company
Shutting a Company
Deleting a Company
Company Features
Company Configuration
Inventory Vouchers
Vouchers
Purchase Order
Sales Order
Delivery Note Voucher
Physical Stock Vouchers
Computerized Accounting Software Exploring Tally
General features of Tally Software
Accounting Features of a Tally Software
Types of Tally Accounting software
Exploring Busy/Marg/ Other Industry specific Softwares
Exploring Enterprise Resource Planning (ERP)
Exploring SAP
SAP Products
Valuation of Inventory
Inventories
Methods of taking inventory
Periodic inventory method
Perpetual inventory method
Methods of inventory valuation
First in First out (FIFO)
Last in first out (LIFO)
Weighted average cost method
Standard cost method
Creating Masters in Tally.ERP 9
Introduction
Creating a Chart of Accounts
Creating Accounting Masters in Tally.ERP 9
Groups and Ledgers
Creating Inventory Masters in Tally.ERP 9
Stock Groups
Stock Categories
Godowns
Units of Measure
Stock items
Voucher Entry and Invoicing
Voucher Type
Creating a Voucher Type
Displaying a Voucher Type
Altering a Voucher Type
Accounting Vouchers
Receipt Voucher
Payment Voucher
Contra Voucher
Journal Voucher
Purchase Invoice
Purchase Voucher
Sales Invoice
Sales Voucher
Debit Note
Credit Note
Advanced features in Tally.ERP9
Voucher
(A) Routine Tally.ERP 9
Introduction
Bill-wise Details
Cost Categories
Creating a Single Cost Category
Displaying a Cost Category
Altering a Cost Category
Creating Multiple Cost Categories
Displaying Multiple Cost Categories
Altering Multiple cost Categories
Cost Centres
Cost Centers
Creating a Single Cost Centre
Displaying a Single Cost Centre
Altering a Single Cost Centre
Creating multilpe cost centres
Displaying Multiple Cost Centers
Altering Multiple Cost Centre
Creating a Voucher using Cost Centers
Budget
Creating a Budget
Altering a Budget
Displaying a Budget Variance Report
Bank Reconciliation Statement
Interest Calculation
Simple Interest Calculation
Advanced Interest Calculation
Scenario Management
Configuring Settings for Scenarios
Creating a Scenario
Altering a Scenario
Creating Optional Journal Voucher
Using Scenarios in Reports
Generating and Printing Report in TALLY ERP9
in Reports
Introduction
Financial Statements
Balance Sheet
Profit & Loss Account
Trial Balance
Accounting Books and Registers
Cash Book
Bank Book
Inventory Books and Registers
Stock Summary
Stock Item Summary
Stock Group Summary
Sales Order Book
Purchase Order Book
Stock Ageing Analysis
Stock Valuation Methods
Statements of Accounts
Bills Receivable
Bills Payable
Management Information System (MIS) Reports
Cash Flow Statement
Fund Flow Statement
Ratio Analysis
Exception Report
Printing Reports
Print Format
Multi-Accounting Printing
Type of Print Config
Taxation - Direct Taxes
Tax Deducted at Sources
Introduction
How to apply of TAN
Various Section and rates of TDS
Working with TDS
Defining TDS Statutory Master
Displaying the TDS Nature of Payments
Displaying Deductee Types
Defining Ledger Masters
Creating Expense Ledger
Creating Party Ledger
Creating Tax Ledger
Defining TDS Voucher
Journal Voucher for TDS on Expense
Creating Payment Voucher
Viewing TDS Reports
TDS Computation
TDS Challan Reconciliation
TDS Return
Summary
INCOME TAX
Goods and services tax
Introduction
Features of GST
Benefits of GST
Classification of GST
CGST
IGST
SGST
UTGST
Administrative Bodies of GST
Legal Phrases Used in GST
Time of Supply
Time of Supply of Continuous Supply of Goods
Liability to Pay GST in Respect of Supply of Services
Supply of Services based on Invoice for Defined Time
Time of Supply in Continuous Supply of Services
Enrolling Under GST
Registration & Amendment in Core Non-Core fields in Registration under
GST
Difference between Regular Dealer & Composition Dealers
Obligation of Regular Dealers and Composition Dealers under GST
Payment of GST
Methods of Paying Tax
Meaning of Date of Receiving Payment
Input Credit Tax
Considering GST as Input Tax upon Paying Reverse Charge
Necessary Conditions for Obtaining ITC
Time Limit for Taking ITC
Negative List on which ITC is not permitted
Order of Utilization
Reversal of Input Tax Credit
Ineligible Inputs and their Credits
Input Services Distributor (ISD)
Prerequisites for Enrolling as ISD
Conditions for Distribution of Credit
Credit Distribution under ISD
Electronic Commerce
Meaning of Aggregator
e-Commerce Opetator
Deduction/Deposit of TCS by e-Commerce Opetator
Mismatching of Details
Time of Supply
Return and Input Tax Credit
Importance of Filling Return under GST
Uploading Challans/Bills
Annual Return and Final Return
Making Changes after Filling the Return
Filling Return by Taxpayer
Periodicity of Return Filing
Levy of and Exemption from Tax
Taxable Person
Power to Grant Exemption from Tax
Refund of Tax
Advance Ruling
Objective of Advance Ruling
Authority for A.A.R. and A.A.A.R. under GST
Applicability of Advance Ruling and its Time Period
Nullifying the Advance Ruling
Procedure for Obtaining Advance Ruling
Circumstances for Rejecting Applications under Advance Ruling
Meaning of Search
Basic Requirements to be Observed During Search Operations
Meaning of Inspection
Meaning of Reasons to Believe
Search Warrant
Meaning of Seizure
Difference between Seizure and Detention
Safety Provisions Provided under MGL for Search or Seizure
Meaning of Arrest
Precautions to be Taken During Arrest
Offence and Penalties
General Penalties
General Disciplines Related To Penalty
Circumstances under which Goods are Seized
Offences which can Lead to Warrant Prosecution under MGL
Time of Supply
Objectives of Settlement Commission
Meaning of Case under the Provision of Settlement
Eligible Applicable for Settlement
Contents of the Settlement Application
Circumstances When Application for Settlement is not Considered
Nature of Orders Passed by Settlement Commission
Circumstances When Order of Settlement Commission are not
Considered
Power of Settlement Commission
Enabling GST in Tally ERP9
Special Features in Tally.ERP 9 with reference to implementation of GST
How to Activate GST in Tally
How to Set GST Details in Tally
How to Alter GST Details in Tally
How to create tax classification in GST
Creation of Ledger related to GST transactions
Practical aspects in GST
HSN & SAC code
E-Way Bills under GST
Mixed & Composite Supply under GST
Bill of Supply & Invoice
Debit & Credit Note under GST
GST Compliances Checklist
Switching in GST
Reversal of Inputs
Ineligible Credits in GST
How to deposit tax in GST
Time of Supply
Creating Masters for GST
Creating Central Tax Ledger
Creating State Tax Ledger
Creating Party Ledger
Creating Purchase Ledger
Creating Sales Ledger
Creating Service Ledger
Creating Stock Item
Creating Vouchers for GST
Creating Purchase Voucher
Creating Sales Voucher
Creating Sales Voucher for Providing Services
Recording Voucher for Advance Receipts from Customer
Creating Payment Voucher
Recording Voucher for Advance Payments to Supplier
Creating Journal Voucher for Tax Adjustment
Viewing GST Rate
Updating Party GSTIN
Viewing GSTR-1 Report
Viewing GSTR-2 AReport
Viewing GSTR-3B Report
Other Miscellaneous Aspects
: Introducing Tax Return Preparer (TRP)
Introduction
Understanding Tax Return Preparer (TRP)
TRP Scheme
Role of TRP
Pre-requisite of TRP
TRP Examination
TRP Training
Duties and Obligation of TRP
Incentives of TRP
Do’s and Dont’s of TRP
How to Become a GST Practioner
Who are called GST Practitioner
What does section 48(1) holds in it
Role of GST Practitioners in GST
GST Practitioner eligibility GST Practitioner registration procedure. GST
Practitioner exam and validity of
GST registration certificate
GST Practitioner exam date
GST Practitioner benefits
Introduction to MS Excel 2010
Introduction
Defining the Need for MS Excel
Understanding Workbook and Worksheet
Starting MS Excel 2010 Application
Exploring the Ribbon
Entering Data in a Worksheet
Adjusting Column Width of Cells
Saving a Workbook
Closing a Workbook and Quitting MS Excel 2010 Application
Using Functions
Introduction
Understanding Cell Referencing
o Relative Cell Referencing
o Absolute Cell Referencing
o Mixed Cell Referencing
Electronic Payment
Making Cashless Transactions
Introduction
Meaning of Cashless Transaction
Different Ways of Making Cashless Transactions
o Cheque
o Demand Draft
Electronic Payment
o Online Transaction through NEFT and RTGS
o Credit Card and Debit Card
o E-Wallets
o Mobile Wallet
o UPI App
o BHIM App
o Gift Cards
o Aadhar Enabled Payment System
o Unstructured Supplementary Service Data
Basics of Other relevant Miscellaneous Act
a) ESI Act
b) PF Act
c) Gratuity Act
d) Bonus Act
e) MSME Act & Registration
f) I E C odes
g) Procedures of Incorporation of a Company
h) Business Registration Number Process –BRN
i) Shop & Establishment Act
Basic Concepts Used in a Function
Basic Concepts Used in a Function
o Getting Information about a Function
o Syntax of a Function
o Entering a Formula in a Cell
o Applying a Formula by Using the Copy and Paste Method
o Applying a Formula by Using the Auto Fill Feature
Editing a Formula
Copying Value Instead of a Formula
Working with the Commonly Used Functions
o PRODUCT Function
o SUM Function
o AVERAGE Function
Creating Your Own Function
Printing a Worksheet
o Printing a Worksheet on a Single Page
o Printing a Large Worksheet