Description
Accounting is the practice of tracking the financial information of a business and interpreting it into valuable insights. This enables generation of crucial financial statements, such as a balance sheet, cash flow statement, and profit and loss report. This course will introduce the student to the basics of accounting and further devlop knowledge on the crucial KPIs to monitor in the various accounting books.
Description
Accounting is the practice of tracking the financial information of a business and interpreting it into valuable insights. This enables generation of crucial financial statements, such as a balance sheet, cash flow statement, and profit and loss report. This course will introduce the student to the basics of accounting and further devlop knowledge on the crucial KPIs to monitor in the various accounting books.
Overview
Introduction
Accounting on Computers
Tally Fundamentals
Voucher Configuration
Processing Transactions in Tally
Accounting & Inventory Reports
Point Of Sale
Advanced Tally
Introduction
Purchase & Sales Manufacturing
Budgeting & Financial Reports
Ledger & Voucher Configuration
Management Control Systems
Accounting Statements
Introduction
Double entry system
Types of accounts
Modes of accounting
Recording transactions
Financial statements
Accounting on Computers
Benefits of computerized accounts
Challenges associated with accounting on computers
Solutions and transition
Tally Fundamentals
Features of Tally
Creation of a company in Tally
Definition of various fields in Tally
Understand F-11/12 features
Accounting and Inventory Reports
Day book
Account books
Inventory reports
Statement of accounts
Income and Expense account
Profit & Loss account
Trial Balance
Balance sheet
