Accounting & Finance course for Novice by IIJT professional Training Center

Diploma in Accounting course is tailor made to fulfill the huge gap that exists between the theoretical knowledge that is imparted by the graduation courses and the practical knowledge that is really needed to work in todays competitive business environment.

Introduction to Accounting & Basic Accounting Terms & Concepts What is Accounting?
Functions of accounting.
Main Objectives of Accounting.
Accounting Information and Its Users.
Advantages of Accoounting
Role of an Accountant.
Basic Accounting Terms.
Basic Accounting Concepts and Principles.
Accounting Cycle.
Source Documents
Concepts of Accounts
Classification of Accounts
Double Entry system of accounting
Golden Rule and Entry.
Capital / Revenue Expenditure Types of Expenditure
Concepts of Capital, Revenue and Deferred Revenue expenditure
Diff. between Capital and Revenue Expenditure
Rules for determinig Capital and Revenue Expenditure
Concepts of Capital and Revenue Receipts
Diff between Capital and Revenue Receipts.
Practice of Assignment.
Journal and Ledger & Subsidiary Books Meaning and Format of Journal.
Procedure for entries
Journal and Ledger & Subsidiary Books Meaning and Format of Ledger
Procedure for Posting in Ledger
Diff . Between Journal and Ledger.
Journal and Ledger & Subsidiary Books Practice of Assignment.
Subsidiary Books
Trial Balance Balancing of Ledger accounts.
Obejctives of Trial Balance.
Preperation of Trial Balance.
Reasons for Disagreement in Trial Balance
Errors in trial balance
Suspense Account
Cash Books Meaning and Nature of Cash.
Cash Book and Kinds of cash book.
Cheque, bank O/D, Bank Draft, Discount.
Cash Books Credit Card Sale,
Petty Cash Book
Practice of Assignment.
Bank Reconciliation Statement Concepts of Bank Statement
Method and timing of recording bank transaction.
Diff. between bank statement and BRS.
Causes of discrepencies in CB and BS
Bank Reconciliation Statement Preparation of Bank Reconciliation Statement.
Practice of Assignment.
Provisions and Reserves Concept of Provision.
Accounting treatment of Provision.
recovery of Bad debts
Concepts of Reserves
Diff. types of reserves
diff. between provision and reserve.
Practice of Assignment.
Depreciation Meaning of Depreciation.
Causes of Depreciation.
Need for Charging Depreciation.
Depreciation Method of Recording Depreciation.
Method of Charging Depreciation.
Diff between SLM and WDV method depreciation.
Depreciation - Advanced Changes in the method of Depreciation
Practice of Assignment.
Financial Statement of Sole Proprietorship Business Meaning of Financial Statement
usefulness of financial statements.
Idea of trading and profit and loss account
Idea of Balance Sheet
Financial Statement of Sole Proprietorship Business Diff between Trading and P/L a/c
Diff between Trial Balance and Blance Sheet.
treatment of Direct and Indirect Items .
Treatment of Adjustments in Final Accoutnts
Financial Statement of Sole Proprietorship Business Practice of Assignment.
Advanced Journal Entries Accounting Treatment of VAT, service tax and Central Excise duty
accounting treatment of Prov.for Tax, Advance tax and Liability
Advanced Journal Entries Accounting treatment for PF , ESI, Salary Payment
Accounting Treatment for Loan Taken, Interest and TDS on interest
Practice of Assignment.
Rectification of Errors Concepts of Error and Their Types
Procedure for correcting errors.
Stages of rectification
One sided error and two sided error
Suspense account
Rectification of Errors Practice of Assignment.
Financial Statement Meaning of Financial Statement
usefulness of financial statements.
Idea of trading and profit and loss account
Idea of Balance Sheet
Financial Statement Diff between Trading and P/L a/c
Diff between Trial Balance and Blance Sheet.
treatment of Direct and Indirect Items .
Treatment of Adjustments in Final Accoutnts
Financial Statement Practice of Assignment.
Company Accounts - I (Accounting for Issue of Shares) Meaning of Share Capital
Types of share Capital
Kinds of Share
Public Issue of share
Calls In arrear and Calls in Advance
Company Accounts - I (Accounting for Issue of Shares) Pro-rata basis of allotment
Forfeiture of shares
Practice of Assignment.
Company Accounts - II Right Share and Accounting Treatments
Bonus Shares and Accounting Treatment
ESOS and and Accounting Treatment
Sweat Equity and Accounting Treatment
Buy Back of shares and Accounting Treatment
Accounting Standards Overview of accounting Standerds
AS- 1
AS-2
AS-3
AS-4
AS-5
Accounting Standards AS-6
AS-9
AS-10
AS-17
AS-20
AS-22
AS-26
AS-29
Soft Skills Its My life I &II, My Family I & II, Discussion on Student Assignments
Soft Skills Strengths and Weakness, Talking about the future
Case study Infosys & Wipro Accounting Policies