This course provides a comprehensive understanding of financial accounting using Tally, a widely used accounting software. Participants will learn fundamental accounting concepts and practical applications in real-world business scenarios. By the end of this course, learners will have the skills to manage financial records, create reports, and perform accounting tasks efficiently using Tally ERP.

What is Financial Accounting?

Financial accounting is the process of recording, summarising, and reporting a business's financial transactions. This information is then used to create financial statements, which provide insights into a company's financial health and performance. Key components include:

• Assets: Resources owned by the company
• Liabilities: Obligations or debts owed to external parties
• Equity: Owner's interest in the business
• Revenues: Income generated from operations
• Expenses: Costs incurred during the process of generating revenue

What is Tally?

Tally is a powerful accounting software that simplifies the process of managing financial data and generating reports. It is widely used by businesses of all sizes for tasks such as bookkeeping, inventory management, and tax compliance. Tally's user-friendly interface allows users to perform complex accounting functions efficiently, making it an essential tool for accountants and business owners alike.

Eligibility Criteria

To enrol in the BBSMIT - Financial Accounting with Tally Certificate course, prospective participants should have completed or be currently pursuing their 12th-grade education. This ensures that learners have a basic educational background necessary for understanding the course material.

Additionally, a foundational knowledge of accounting principles is recommended to help participants grasp the concepts effectively. Having a basic understanding of computers is also important; familiarity with computer skills or successful completion of the Rajasthan State Certificate course in Information Technology (RS-CIT) will enhance the learning experience, smoother.

Objectives of the Program

This program at BBSMIT aims to enhance participants’ accounting proficiency, equipping them for both professional careers and personal financial management. This program is designed to improve essential accounting skills and provide a comprehensive understanding of various topics. Participants will learn about voucher management, currency handling, and inventory management, ensuring they have a solid foundation in these crucial areas of accounting.

Additionally, the program focuses on essential tax-related topics, including Income Tax, TDS (Tax Deducted at Source), and GST (Goods and Services Tax) computations. By the end of the RS-CFA program, learners will have the knowledge and skills needed to excel in various accounting roles, handle tax calculations effectively, and manage their personal finances with confidence. This holistic approach prepares participants for real-world challenges in the accounting field.

Course Syllabus

Module 1: Basics of Accounting

• Introduction to Accounting: Understand the basic principles and concepts of accounting.
• Goods and Service Tax (GST): Learn about GST, its purpose, and how it affects businesses.
• Business Organizations: Explore different types of business structures and their accounting needs.
• Understanding Financial Statements: Gain insights into the main financial statements, including balance sheets and income statements.
• Income Tax: Learn the basics of income tax and how it applies to individuals and businesses.
• TDS - Tax Deducted at Source: Understand the concept of TDS and how it is calculated and deducted.
• Valuation of Inventory: Discover methods for valuing inventory and their importance in accounting.
• Generating and Printing Reports: Learn how to create and print various financial reports for analysis.
• Cashless Transactions: Understand the rise of cashless transactions and their impact on accounting.

Module 2: Computerized Accounting 

• Tally Prime: Get introduced to Tally Prime, a popular accounting software.
• Creating Master with Tally Prime: Learn how to set up and manage master data in Tally Prime.
• Practical in GST: Gain hands-on experience with GST processes using Tally Prime.
• Working with Vouchers: Understand how to create and manage different types of vouchers in Tally.
• Computerized Accounting: Explore the benefits of computerized accounting over traditional methods.
• Advanced Features of Accounting: Discover the advanced features of Tally Prime that enhance accounting practices.
• MS Excel 2010: Learn the basics of MS Excel and its importance in accounting.
• Working with GST in Tally Prime: Practice working with GST transactions specifically in Tally Prime.
• Using Functions in MS Excel 2010: Understand how to use various functions in Excel to manage financial data effectively.

Module 3: Taxation

• Goods and Service Tax (GST): Delve deeper into GST, including filing and compliance.
• Income Tax: Explore income tax calculations and filing requirements.
• TDS - Tax Deducted at Source: Understand TDS in detail, including rates and returns.
• Relevant Acts: Learn about important taxation acts and regulations that govern taxation practices in India.

Module 4: Hands-On Practice and Internship Opportunities

• Hands-On Practice: Engage in practical exercises at BBSMIT that reinforce learning and application of accounting concepts and software skills.
• Internship Opportunities: Gain valuable work experience through internships with local businesses or accounting firms through BBSMIT, allowing participants to apply their knowledge in real-world scenarios and enhance their employability.

Why Choose BBSMIT for Financial Accounting with Tally?

Experienced Faculty

At BBSMIT, you will learn from teachers who have worked in the accounting field for many years. They understand both the theory and practical side of accounting and Tally software, making it easier for you to grasp complex concepts.

Practical Approach

The course emphasizes hands-on training. You will work on real-world scenarios that help you apply what you've learned in class. This practical experience makes you more confident and ready for the job market.

Comprehensive Curriculum

 The syllabus at BBSMIT is carefully designed to cover all important areas of financial accounting and Tally. This means you won't miss out on any critical information. You will learn everything from the basics to advanced topics, ensuring a well-rounded education.

Certification: Upon finishing the course, you will receive a certificate that is recognized by employers. This certification can boost your resume and make you stand out in job applications.

Career Support

After completing the course, BBSMIT offers job placement assistance and career guidance. This means you will get help finding a job and advice on how to succeed in your career.

Choosing BBSMIT for your Financial Accounting with Tally course means you are investing in a quality education that prepares you for a successful career in accounting.

Career Opportunities

• Accountant
• Tally Operator
• Financial Analyst
• Payroll Executive
• Tax Consultant
• Inventory Manager