MASTER DIPLOMA IN COMPUTERIZED ACCOUNTING ( M-IT - 004 )

Computer Fundamentals Syllabus

Subject Description

This Subject is designed to provide students with a foundational understanding of computers, their components, and basic operations. It covers the essential concepts and principles of computer science, including hardware, software.

Subject Objectives

In this Subject, students will be able to:

1. Understand the basic components of a computer and their functions.
2. Differentiate between various types of software and their applications.

Subject Structure

The Subject is divided into 10 modules, each focusing on a different aspect of computer fundamentals.

Modules

Module 1: Introduction to Computers

• Definition and history of computers
• Types of computers
• Basic computer terminology

Module 2: Computer Hardware

• The CPU, memory, storage devices, input/output devices
• Understanding hardware components and their functions

Module 3: Computer Software

• Definition and types of software (system vs. application)
• Operating systems and their functions
• Introduction to software applications

Prerequisites

None. This Subject is designed for beginners with no prior knowledge of.

Policies

This syllabus is a guideline and may be subject to change based on the instructor's discretion and class needs.

Operating Systems

Introduction to Windows Operating System

Subject Description:
This course provides an overview of the Windows Operating System, focusing on its features, usage, management, and troubleshooting. It is designed for students with little to no prior knowledge of Windows OS.

Subject Objectives:

• Understand the basics of the Windows Operating System.
• Learn how to navigate and use the Windows interface.
• Explore file management and organization.
• Understand system settings and customization.
• Gain knowledge of software installation and management.

• History and versions of Windows
• Basic navigation and usage

• File Explorer and navigation
• Creating, copying, moving, and deleting files and folders
• Organizing files with libraries and tags

• Personalizing the desktop and taskbar
• Adjusting system settings (display, sound, power)
• Managing user accounts and permissions

This syllabus is designed to provide a solid foundation in using and managing the Windows Operating System, preparing students for more advanced topics and real-world applications.

MS Office Syllabus

Subject Description

This Subject is designed to provide students with a comprehensive understanding of Microsoft Office, a suite of productivity software applications. Students will learn to use Word, Excel and PowerPoint to enhance their productivity in both academic and professional settings.

Subject Objectives

By the end of this Subject, students will be able to:

1. Create, edit, and format documents in Word.
2. Manage and analyze data using Excel.
3. Develop effective presentations using PowerPoint.

Subject Content

Module 1: Introduction to MS Office

• Overview of MS Office Suite
• Interface and common features
• File management and organization

Module 2: Microsoft Word

• Creating and opening documents
• Formatting text and paragraphs
• Inserting tables, images, and other elements
• Using templates and styles
• Page layout and printing

Module 3: Microsoft Excel

• Creating and navigating spreadsheets
• Entering and formatting data
• Using formulas and functions
• Creating charts and graphs

Module 4: Microsoft PowerPoint

• Creating and editing presentations
• Designing slides with layouts and themes
• Inserting multimedia elements
• Using animations and transitions
• Presenting and sharing slideshows

This syllabus is a simplified guide to learning MS Office and can be adjusted based on the level of the students and the depth of content required.

Accounting Basics Syllabus

Subject Description

This Subject is designed to introduce students to the fundamental principles and practices of accounting. It covers the basic concepts, terminology, and techniques used in accounting, including the preparation and interpretation of financial statements. The Subject is suitable for beginners with no prior knowledge of accounting.

Subject Objectives

By the end of this Subject, students will be able to:

1. Understand the basic concepts and principles of accounting.
2. Explain the accounting equation and its importance.
3. Differentiate between the types of accounts and their classifications.
4. Record financial transactions using journal entries.
5. Post journal entries to ledger accounts.
6. Prepare and understand trial balances.
7. Prepare basic financial statements, including the income statement, balance sheet, and cash flow statement.
8. Understand the importance of ethics in accounting.

Subject Content

• Definition and purpose of accounting
• The role of accounting in business
• Ethics in accounting

• Double-entry bookkeeping
• Types of business

• Ledger accounts and posting

• Trial balance preparation
• Adjusting entries
• Closing entries

• Income statement (Profit & Loss)
• Balance sheet (Statement of Financial Position)
• Cash flow statement

This syllabus provides a basic framework for an introductory accounting Subject. It can be adjusted based on the specific needs and duration of the Subject.

Tally Fundamentals Syllabus

Course Overview

This course is designed to provide a foundational understanding of Tally, a popular accounting software used by businesses worldwide. Tally Fundamentals will cover the basic concepts, features, and functionalities of Tally, enabling students to perform basic accounting tasks.

Course Objectives

• Understand the basics of accounting and how Tally facilitates these processes.
• Learn how to install and configure Tally for personal or business use.
• Master the creation and management of ledger accounts.
• Understand how to record and manage transactions within Tally.
• Learn how to generate and interpret financial reports.

• 4 weeks (2 hours per week)

Course Content

Introduction to Tally

• Overview of Tally and its importance in accounting
• Understanding the user interface
• Installing and configuring Tally

Basic Accounting in Tally

• Introduction to accounting principles
• Creating ledger accounts
• Understanding voucher types and their usage

Transaction Recording

• Recording transactions using vouchers
• Bank reconciliation

Reporting and Analysis

• Generating financial reports (Balance Sheet, Profit & Loss, etc.)
• Interpreting reports for business insights

By the end of this course, students will be equipped with the knowledge and skills to use Tally for basic accounting tasks, making it an invaluable tool for managing finances in any business environment.

Syllabus on Transactions for Service Organizations

Course Overview

This course is designed to provide students with an understanding of the unique aspects of transactions within service organizations. It will cover the nature of service transactions, their recording, and the implications for financial reporting and management decision-making.

Course Objectives

By the end of this course, students will be able to:

1. Understand the characteristics of service organizations and their transactions.
2. Identify and describe the different types of service transactions.
3. Learn how to record service transactions in accounting systems.
4. Analyze the financial implications of service transactions.
5. Apply knowledge of service transactions to real-world business scenarios.

Course Content

Introduction to Service Organizations

• Definition and characteristics of service organizations
• Differences between service and product-based transactions

Types of Service Transactions

• Revenue recognition in service organizations
• Expense classification and recording

Accounting for Service Transactions

• Journal entries for common service transactions
• Accounting for prepaid services and deferred revenues

Financial Reporting for Service Organizations

• Preparation of financial statements (Income Statement, Balance Sheet, Cash Flow Statement)
• Analysis of financial statements for service organizations

Case Studies

• Analysis of real-world service transactions and their financial impact
• Group discussion and presentation of case study findings

This syllabus provides a structured approach to learning about transactions in service organizations, ensuring students gain a comprehensive understanding of the subject matter.

Syllabus on Transactions for Trading Organizations

Course Overview

This course is designed to provide students with a comprehensive understanding of the various types of transactions that occur within trading organizations. It will cover the fundamental concepts, principles, and practices involved in executing, recording, and managing these transactions.

Course Objectives

By the end of this course, students will be able to:

1. Understand the different types of transactions in trading organizations.
2. Learn how to record and manage these transactions effectively.
3. Analyze the impact of transactions on the financial health of a trading organization.
4. Develop skills in using accounting software to manage transactions.

Course Content

Introduction to Trading Organization Transactions

• Definition and types of trading organizations
• Overview of common transactions in trading
• Importance of accurate transaction recording

Purchases and Sales Transactions

• Understanding purchase and invoices
• Recording sales transactions
• Credit and cash sales
• Returns and allowances

Inventory Management

• Inventory valuation methods (FIFO, LIFO, Weighted Average)
• Inventory control systems
• Impact of inventory on financial statements

Accounts Receivable and Payable

• Managing accounts receivable
• Credit policies and collection procedures
• Handling accounts payable

• Bank reconciliation statements
• Handling interest

Financial Reporting and Analysis

• Preparing financial statements (Income statement, Balance sheet, Cash flow statement)
• Analyzing financial ratios
• Interpreting financial reports for decision-making

Taxation and Compliance

• Understanding tax implications of trading transactions
• Compliance with regulatory requirements
• Filing tax returns and maintaining records

Module 8: Using Accounting Software

• Introduction to popular accounting software Tally
• Setting up accounts and entering transactions
• Generating reports and statements

This syllabus provides a structured approach to learning about transactions in trading organizations, ensuring that students gain the necessary knowledge and skills to manage these effectively in real-world scenarios.

Syllabus on Transactions for Manufacturing Organizations

Subject Overview

This Subject is designed to provide students with a comprehensive understanding of the various transactions that occur within manufacturing organizations. It will cover the lifecycle of transactions from raw material procurement to the sale of finished goods, including inventory management, production processes, and financial implications.

Subject Objectives

By the end of this Subject, students will be able to:

1. Understand the different types of transactions in a manufacturing organization.
2. Analyze the flow of transactions from procurement to sales.
3. Identify and manage inventory effectively.
4. Evaluate the financial impact of transactions on the organization.

Subject Content

Introduction to Manufacturing Transactions

• Overview of manufacturing organizations
• Types of transactions
• Importance of transaction management

Procurement Transactions

• Raw material sourcing
• Purchase orders
• Inventory receipt and inspection

Inventory Management

• Inventory classification (raw materials, WIP, finished goods)
• Inventory control techniques

Production Transactions

• Production planning and scheduling
• Bill of materials (BOM)

Costing and Pricing

• Direct and indirect costs
• Job costing and process costing
• Activity-Based Costing (ABC)
• Pricing strategies

Sales and Distribution Transactions

• Sales orders
• Revenue recognition
• Customer invoicing and payment collection

• Impact of transactions on financial statements

This syllabus provides a structured approach to understanding transactions in manufacturing organizations, equipping students with the skills necessary to manage and optimize these processes effectively.

Syllabus on Advanced Features of Tally

Subject Overview

This subject is designed to provide an in-depth understanding of the advanced features of Tally, a popular accounting software used by businesses worldwide. The subject will cover topics such as advanced accounting, inventory management, taxation, and reporting features that are essential for managing a business efficiently.

Subject Objectives

• To understand the advanced accounting features in Tally.
• To learn how to manage inventory effectively using Tally.
• To explore the taxation module and its compliance features.
• To master the advanced reporting and analysis tools in Tally.
• To understand the integration capabilities of Tally with other software.

Subject Outline

Introduction to Advanced Accounting Features

• Advanced Ledger Creation and Management
• Multi-Currency Accounting
• Advanced Cost Center and Cost Category Management
• Budgeting and Control Features

Inventory Management

• Advanced Stock Groups and Categories
• Batch-wise and Expiry Date Management
• Advanced Godown and Location Management
• Reorder Level and Stock Alerts

Integration and Additional Features

• Integration with other software (e.g., Excel, ERP systems)
• Data Backup and Restore
• User Management and Security Features
• Tally.NET Features and Remote Access

By the end of this subject, participants will be proficient in using the advanced features of Tally to manage their business operations effectively.

Syllabus on Report Generation in Tally

Subject Overview

This Subject is designed to provide learners with a comprehensive understanding of report generation in Tally, a popular accounting software used by businesses worldwide. The Subject will cover the basics of Tally, navigating through the software, generating various reports, and interpreting the data to make informed business decisions.

Subject Objectives

By the end of this Subject, students will be able to:

1. Understand the basics of Tally and its interface.
2. Navigate through Tally to access different features and functions.
3. Generate various reports such as Balance Sheet, Profit & Loss Account, Trial Balance, and Cash Flow Statement.
4. Customize reports according to specific business needs.
5. Interpret the data from the reports to make informed business decisions.

Subject Content

• Balance Sheet
• Profit & Loss Account
• Trial Balance

• Cash Flow Statement
• Fund Flow Statement
• Ratio Analysis

• Modifying report formats

• Making informed business decisions based on reports

This syllabus provides a structured approach to learning report generation in Tally, ensuring that students gain the necessary skills to effectively use the software for their business needs.

Introduction to Taxes (VAT, CST & Basic GST)

Subject Overview

This Subject provides an introductory understanding of various tax systems, including Value Added Tax (VAT), Central Sales Tax (CST), and Goods and Services Tax (GST). It is designed to equip students with the basic knowledge required to navigate these tax systems, understand their implications, and apply them in practical scenarios.

Subject Objectives

By the end of this Subject, students will be able to:

1. Understand the basic principles of VAT, CST and GST.
2. Identify the key differences between these tax systems.
3. Apply the relevant tax calculations in simple transactions.
4. Recognize the importance of compliance and record-keeping in tax matters.

Subject Content

Introduction to Taxes

• Definition and purpose of taxation
• Overview of different types of taxes
• Introduction to indirect taxes

Value Added Tax (VAT)

• Concept of VAT
• How VAT works
• VAT registration and thresholds
• VAT invoicing and record-keeping
• Calculation of VAT

Central Sales Tax (CST)

• Introduction to CST
• Applicability and rates
• Differences between VAT and CST
• CST forms and procedures

Goods and Services Tax (GST)

• Introduction to GST
• GST structure and rates
• Transition from VAT/CST to GST
• GST registration and compliance
• Input tax credit under GST

Practical Applications

• Case studies on VAT, CST, and GST
• Tax calculation exercises
• Discussion on common tax issues and solutions

This syllabus provides a foundational understanding of VAT, CST, and GST, preparing students for more advanced studies or practical application in business and accounting.

Syllabus for Advanced GST

Subject Description

This advanced Subject on Goods and Services Tax (GST) is designed for professionals who have a basic understanding of GST and wish to deepen their knowledge in the intricacies of GST laws, compliance, and practical applications. The Subject will cover advanced topics, case studies, and practical scenarios to enhance participants' ability to handle complex GST-related issues.

Subject Objectives

By the end of this Subject, participants should be able to:

1. Understand the advanced concepts of GST laws and regulations.
2. Apply GST provisions to different business scenarios.
3. Develop strategies for effective GST compliance and planning.

Subject Content

Introduction to Advanced GST Concepts

• Review of basic GST principles
• Overview of GST structure and framework
• Recent amendments and updates in GST laws

Advanced GST Compliance and Procedures

• Detailed analysis of GST returns (GSTR-1, GSTR-2, GSTR-3B, etc.)
• Annual returns and reconciliation statements
• E-way bill and its features

Input Tax Credit (ITC) and Refunds

• Deep dive into ITC rules and regulations
• ITC reversal and blockage
• Procedure for claiming refunds
• Advance rulings and appellate authorities

GST and International Trade

• Export and import under GST
• IGST and its implications
• Special economic zones

• Analysis of landmark judgments

Many more advanced features in GST

This syllabus is subject to change based on the latest developments in GST laws and regulations.

Intermediate