Course Overview:This certificate course is designed to provide participants with a strong foundation in accounting principles and practices, with a focus on practical application using Tally accounting software. The course will cover essential concepts and techniques required to understand financial statements, analyze financial performance, and make informed business decisions. It is ideal for individuals with limited or no prior accounting knowledge, including students, professionals, and business owners seeking to develop practical accounting skills and proficiency in Tally.

Course Objectives:

Upon completion of this course, participants will be able to:

• Understand the basic accounting principles and concepts.
• Prepare and analyze financial statements, including Income Statements, Balance Sheets, and Cash Flow Statements.
• Apply accounting principles to real-world business scenarios using Tally software.
• Use Tally to record and analyze financial transactions efficiently.
• Make informed financial decisions based on accounting data generated by Tally.
• Utilize Tally for tax compliance, inventory management, and payroll processing.

Course Curriculum:

Certificate Course in Fundamentals of Accounting with Tally Integration Course Curriculum

1. Introduction to Accounting
• Definition and purpose of accounting.
• Basic accounting principles and concepts.
• The accounting equation.
• The double-entry bookkeeping system.
• Overview of financial statements: Income Statement, Balance Sheet, and Cash Flow Statement.
2. Financial Accounting
• Recording transactions in journals.
• Posting transactions to ledgers.
• Preparing trial balances
• Adjusting entries and closing entries.
• Preparation of financial statements.
3. Introduction to Tally
• Overview of Tally accounting software.
• Navigation and basic functionalities of Tally.
• Setting up a company in Tally.
• Chart of accounts creation and customization in Tally.
• Enabling GST, tax settings, and fiscal year configuration
4. Recording Transactions in Tally
• Entering sales, purchases, and journal vouchers.
• Managing inventory and stock movements in Tally.
• Bank reconciliation and cash management in Tally
• Applying the double-entry system within Tally.
5. Managing Inventory with Tally
• Creating and managing stock items, categories, and groups in Tally.
• Order processing (sales and purchase).
• Handling purchase orders, sales orders, and stock transfers.
• Stock valuation and inventory reports in Tally.
6. Generating Reports in Tally
• Creating and customizing financial reports in Tally: Balance Sheet, Income Statement, Cash Flow Statement.
• Analyzing and interpreting reports for business decision-making.
• Utilizing Tally for tax compliance: GST invoicing, GST returns, and TDS management.
7. Advanced Features of Tally
• Payroll Management: Employee records, salary configuration, and payslip generation in Tally.
• Budgeting and Cost Center Accounting: Managing cost centers and budgeting features in Tally.
• Security and Data Management: Managing user access, securing data, and audit trails in Tally.
• MIS and Analytical Reporting: Using Management Information System (MIS) reports for financial analysis and performance tracking.
8. Taxation and Compliance
• GST in Tally: GST setup, invoicing, and filing returns (GSTR-1, GSTR-3B).
• TDS/TCS Transactions: Recording TDS/TCS and managing compliance in Tally.
• Managing E-Invoicing, E-Way Bill features in Tally for online tax compliance

Certification

Upon successful completion of the course, participants will receive a certificate of completion from the Centre for Innovative Skill-Based Courses under the Open Learning Development Center, School of Open Learning, University of Delhi.

Course Fee: Rs.6000

Additional Information

• Course duration: 2-3 Months
• Eligibility: Class XII Pass