Financial Reporting using ERP Software – Tally

• Basics of Accounting
• Generally Accepted Accounting Principles
• List of Accounting Standards (ICAI)
• Flow of Transactions
• Depreciation Accounting
• Introduction to Business Case Study and Tally
• Expense and Purchase Process
• Sales Process and it's Overview

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Direct Taxation

• The Income Tax Act
• Accounting for Income Tax
• Income Tax Returns
• Tax Deducted at Source (TDS)
• Accounting for TDS
• Filing TDS Return

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Payroll and its Components

• Understanding Payroll Components
• ESIC – Employees State Insurance Corporation
• Payroll in Tally
• Registration and Returns for Payroll Components

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Goods and Service Tax (GST)

• Basics of Tax
• Introduction to GST
• Applicability of GST
• Valuation
• Tax Invoice
• Input Tax Credit
• Registration of GST
• Payment of Tax
• Refund of Tax
• Preparation of and E-filing GST Return
• GST in Tally

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Finalization of Financial Statements

• Different Types of Financial Statements
• Preparation of Trial Balance
• Closing/adjustment Entries, including Provisions
• Preparations of Financial Statements with notes and schedules of Business Case Study
• Understand and Computing Various Financial Ratios, including EPS, Current Ratio, etc. Best Practices in Auditing

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