ASAP Kerala Affiliated Advanced Diploma in Indian and Foreign Accounting Courses in Kollam

1. Orientation,
   Self-Assessment, and Personal Values
    Program Overview | Understanding Personal Values | Self-Reflection Techniques |
   Behavioral Interview Responses
   
2. Soft Skills Development
    Core Soft Skills | Applications of Soft Skills | Tools for Development | Interview and Online Professional Practices
   
3. CV Preparation
    CV Formats | Structuring and Refinement | ATS Optimization | Drafting and Reviewing
   
4. STAR Self-Introduction
    STAR Method Overview | Crafting STAR-Based Introductions | Practice and Feedback
   
5. Attitude Development
    Impact of Attitude on Behavior and Performance | Techniques for Positive Thinking
   and Self-Talk | Building Self-Esteem | Adaptability and Change Management
   
6. Goal Setting
    Importance of Goals | SMART Framework | Tools and Strategies for Achievement | Overcoming Challenges
   
7. Understanding Time Management
   Prioritization Techniques | Time Management Matrix | Four D’s Framework | Tackling Time Stealers
   
8. Emotional Intelligence
    Importance for Career Readiness | Goleman’s Framework | Stress and Crisis Management | Change Management in Careers
   
9. Leadership
    Core Leadership Qualities | Communication and Collaboration | Problem-Solving Techniques | Brainstorming and Cause-and-Effect Analysis
   
10. Social Consciousness
    Dimensions of Social Consciousness | Strategies to Improve Social Consciousness | Civic Responsibility | Sustainable Practices
    
11. Preparing for Employment
    Transition Strategies | Networking | Interview Skill Development | Crafting Cover Letters
    
12. Employability Skills
     Key Skills for Employability | Strategies to Improve Employability Quotient | Self-Assessment Techniques | Continuous Improvement
    
13. Communication at the Workplace
    Types and Direction of Communication | Non-Verbal Communication Strategies |
    Effective Verbal and Written Communication | Listening and Feedback
    
14. Presentation Skills
    Overcoming Fear of Public Speaking | Structuring Presentations | Delivery Techniques
    
15. Correspondence at Work
    Types of Workplace Correspondence | Attributes of Effective Correspondence | Professional Email Writing | The Seven Cs of Effective Communication
    
16. Teamwork
    Understanding Team Dynamics | Building Collaborative Skills | Healthy Communication in Teams | Conflict Management
    
17. Workplace Etiquette
    Cross-Cultural Communication | Grooming Standards | Professional Conduct | Culture and Gender Sensitivity
    
18. Problem-Solving and Decision-Making
    Frameworks and Tools | Real-World Applications
19. LinkedIn Profile Development : Core Elements of Profiles | Optimizing Profiles | Networking Strategies | Creating Profiles

Office 365

Microsoft Word

Text Basics

• Typing the text, Alignment of text
• Editing Text: Cut, Copy, Paste, Select All, Clear
• Find & Replace

Text Formatting and saving file

• New, Open, Close, Save, Save As
• Formatting Text: Font Size, Font Style
• Font Color, Use the Bold, Italic, and Underlined
• Change the Text Case
• Line spacing, Paragraph spacing
• Shading text and paragraph
• Working with Tabs and Indents

Working with Objects

• Shapes, Clipart and Picture, Word Art, Smart Art
• Columns and Orderings – To Add Columns to a Document
• Change the Order of Objects
• Page Number, Date & Time
• Inserting Text boxes
• Inserting Word art
• Inserting symbols
• Inserting Chart

Header & Footers 

• Inserting custom Header and Footer
• Inserting objects in the header and footer
• Add a section break to a document

Working with bullets and numbered lists

• Multilevel numbering and Bulleting
• Creating List
• Customizing List style
• Page bordering
• Page background

Tables

• Working with Tables, Table Formatting
• Table Styles
• Alignment option

Styles and Content 

• Using Build- in Styles, Modifying Styles
• Creating Styles, Creating a list style
• Table of contents and references
• Adding internal references
• Adding a Footnote
• Adding Endnote 

Merging Documents 

• Typing new address list
• Importing address list from Excel file
• Write and insert the field
• Merging with outlook contact
• Preview Result
• Merging to envelopes
• Merging to label
• Setting rules for merges
• Finish & Merge options

Sharing and Maintaining Document

• Changing Word Options
• Changing the Proofing Tools
• Managing Templates
• Restricting Document Access
• Using Protected View
• Working with Templates
• Managing Templates
• Understanding building blocks 

Proofing the document 

• Check Spelling as You Type.
• Mark Grammar Errors as You Type
• Setting AutoCorrect Options

Printing 

• Page Setup, Setting margins
• Print Preview, Print 

MS EXCEL

Introduction to Excel

• Introduction to Excel interface
• Understanding rows and columns, Naming Cells
• Working with excel workbook and sheets

 Formatting Excel workbook:

• New, Open, Close, Save, Save As
• Formatting Text: Font Size, Font Style
• Font Color, Use the Bold, Italic, and Underlined
• Wrap text, Merge and Centre
• Currency, Accounting and other formats
• Modifying Columns, Rows & Cells

Perform Calculations with Functions 

• Creating Simple Formulas
• Setting up your formula
• Date and Time Functions, Financial Functions
• Logical Functions, Lookup and Reference
• Functions Mathematical Functions
• Statistical Functions, Text Functions

Sort and Filter Data with Excel

• Sort and filter data
• Using a number filter, Text filter
• Custom filtering
• Removing filters from columns’ conditional formatting

Create Effective Charts to Present Data Visually

• Inserting Column, Pie chart etc.
• Create an effective chart with Chart Tool
• Design, Format, and Layout options
• Adding chart title
• Changing layouts
• Chart styles
• Editing chart data range
• Editing data series
• Changing chart

Analyze Data Using PivotTables and Pivot Charts

• Understand PivotTables, Create a PivotTable
• Framework Using the PivotTable and PivotChart
• Create Pivot Chart from the pivot Table.
• Inserting slicer
• Creating Calculated fields

Protecting and sharing the workbook

• Protecting a workbook with a password
• Allow users to edit ranges
• Track changes
• Working with Comments
• Insert Excel Objects and Charts in Word Documents and PowerPoint Presentation.

Use Macros to Automate Tasks

• Creating and Recording Macros
• Assigning Macros to the worksheets
• Saving Macro enabled workbook

Proofing and Printing

• Page setup, setting print area, Print titles
• Inserting custom Header and Footer
• Inserting objects in the header and footer
• Page Setup, setting margins, Print Preview, Print
• Enable background error checking
• Setting AutoCorrect Options

MS POWERPOINT

Setting Up PowerPoint Environment:

• New, Open, Close, Save, Save As
• Typing the text, Alignment of text
• Formatting Text: Font Size, Font Style
• Font Color, Use the Bold, Italic, and Underlined
• Cut, Copy, Paste, and Select All, Clear text
• Find & Replace
• Working with Tabs and Indents

Creating slides and applying themes

• Inserting new slide
• Changing the layout of slides
• Duplicating slides
• Copying and pasting slide
• Applying themes to the slide layout
• Changing theme color
• Slide background
• Formatting slide background
• Using slide views

Working with bullets and numbering

• Multilevel numbering and Bulleting
• Creating List
• Page bordering
• Page background
• Aligning text
• Text directions
• Columns option

Working with Objects

• Shapes, Clipart and Picture, Word Art, Smart Art
• Change the Order of Objects
• Inserting slide header and footer
• Inserting Text boxes
• Inserting shapes, using quick styles
• Inserting Word art
• Inserting symbols
• Inserting Chart

Hyperlinks and Action Buttons

• Inserting Hyperlinks and Action Buttons
• Edit Hyperlinks and Action Button
• Word Art and Shapes

Working With Movies and Sounds

• Inserting Movie from a Computer File
• Inserting Audio file
• Audio Video playback and format options
• Video options, Adjust options
• Reshaping and bordering Video

Using SmartArt and Tables

• Working with Tables, Table Formatting
• Table Styles
• Alignment option
• Merge and split option
• Converting text to smart art

Animation and Slide Transition

• Default Animation, Custom Animation
• Modify a Default or Custom Animation
• Reorder Animation Using Transitions
• Apply a Slide Transition, Modifying a
• Transition, Advancing to the Next Slide

Using slide master

• Using slide master
• Inserting layout option
• Creating custom layout
• Inserting place holders
• Formatting place holders

Slide show option

• Start slide show
• Start show from the current slide
• Rehearse timing
• Creating a custom slide show

 Proofing and Printing

• Check Spelling as You Type
• Setting AutoCorrect Options
• Save as Video
• Save as JPEG files
• Save as PowerPoint Show file
• Print Preview, Print

Introduction to Accounting

Key Accounting Terminologies | Understanding Accounting: Event and Transaction | Bookkeeping vs. Accounting | Role of Stakeholders in Business | Important Business Terminologies

Types of Business Entities

Sole Proprietorship | Partnership | Company | Formalities and Procedures for Establishing Each Entity

Accounting Principles and Concepts

Capital and Revenue Transactions | Generally Accepted Accounting Principles (GAAP) | Capital and Revenue Expenditure | Deferred Revenue Expenditure | Capital and Revenue Receipt | Accounting Concepts and Conventions | Double Entry System of Bookkeeping

Classification and Rules of Accounts

Account Definition | Classification of Accounts: Assets, Liabilities, Equity, Revenue, and Expenses | Debit and Credit: Traditional and Modern Rules

Journal and Ledger

Understanding the Journal: Purpose and Preparation | Ledger: Posting and Balancing | Trial Balance: Purpose and Preparation

Cash Book and its Types

Types of Cash Books: Simple, Two-column, Three-column | Understanding Discounts in Cash Book | Day Book Preparation Using Google Sheets

Depreciation and Its Impact

Definition of Depreciation and Its Causes | The Necessity of Charging Depreciation | Factors Considered for Depreciation Calculation | Methods of Depreciation (Straight-line, Diminishing Balance, etc.) | Provisions and Reserves

Trial Balance Preparation

Importance of Trial Balance | Steps for Preparing a Trial Balance

Trading and Profit & Loss Account

Trading Account: Definition and Preparation | Profit and Loss Account: Definition and Preparation

Year-End Adjustments

Adjustments in Final Accounts | Handling Prepaid and Outstanding Expenses | Treatment of Depreciation, Provisions, and Reserves

Balance Sheet Preparation

Structure and Format of a Balance Sheet | Preparation of Financial Statements Using Excel

Accounting Documents

Key Accounting Documents and Vouchers | Purpose of Accounting Documents | Filing and Storing Documents: Best Practices

Industrial-Oriented Journal Entry Practice

Practical Journal Entry Practice Using JET Simulation

Level 1

Introduction to Tally Prime & Company Management:

Overview of Tally Prime Features | Company Creation, Alteration, and Deletion | Selecting and Configuring Companies | Company Features and Configuration

Accounting Masters:

Ledger Management: Creation, Alteration, Display, and Deletion | Navigation and Shortcuts | Introduction to Chart of Accounts | Group Management: Single and Multiple Creation, Alteration, and Deletion

Inventory Management

Inventory Master Setup: Groups, Categories, Units, Stock Items, and Locations | Stock Summary and Reports | Godown Transfer and Stock Allocation | Inventory Ageing Analysis

Accounting Vouchers

Voucher Types: Contra, Receipt, Payment, Journal, Sales, Purchase, Debit Note, Credit Note | Voucher Management: Creation, Alteration, and Deletion | Bill-wise Allocation for Sundry Debtors and Creditors

Banking Features

Bank Reconciliation | Deposit Slip Printing and Payment Advice | Bank Payments and Cheque Numbering

Management Information System (MIS)

MIS Reports: Receivables, Payables, Ratio Analysis, Cash Flow, Stock, and Exceptional Reports | AI-Powered Analysis: Insights, Summaries, and Visualization

Level 2

Data Security and Backup
Security Controls: Activation, User Management, and Tally Vault | Backup and Restore Procedures

Advanced Features in Tally
Credit Limits and Zero-Value Vouchers | Sales Invoice Customization: Logos, Banking Details, and Voucher Classes | Batch Management: Creation, Expiry Dates, and Reports | Price List Creation and Management

Order Processing
Purchase Orders: Quotations, Receipts, Rejections, and Reports | Sales Orders: Delivery Notes, Rejections, and Outstanding Reports

Cost and Budget Management
Cost Centres and Categories | Budget Creation and Variance Reports | Sales Invoice Numbering

Interest Calculations
Interest Calculations for Debtors, Creditors, and Bank Loans

Manufacturing in Tally
Bill of Materials (BOM) | Standard Pricing and Manufacturing Voucher Management

Multi-Currency Transactions
Forex Conversions | Reports and Non-Accounting Vouchers

Level 3

GST in Tally Prime
GST Overview: CGST, SGST, IGST, UTGST | Activation and Master Setup | GST Reporting: Inward/Outward Supply and Interstate Transactions | GST Entries for Purchases, Sales, Services, and Fixed Assets

GST Essentials & Foundations

Introduction to GST | Advantages of GST | Taxes Subsumed under GST | Components of GST | GST Rates | GST Council

Supply Under GST: Meaning of Supply | Scope of Supply | Composite Supply | Mixed Supply | Schedule 1 and 2 of Supply

Regular Scheme & Procedures for Registration under GST

 Registration under GST | Electronic Ledgers under GST | Issuance of Invoice | Particulars of an Invoice | HSN Code and SAC Code | Bill of Supply and Other Vouchers

Composition Scheme under GST

Eligibility and Non-eligibility for Composition Scheme | Conditions and Restrictions for Composition Levy | Composition Tax Rate | Important Forms | Validity of Composition Levy

Reverse Charge Mechanism

Forward Charge Mechanism | Reverse Charge Mechanism | Section 9(3) of CGST | Supply of Specific Services | Supply by an Unregistered Person

Time of Supply and Value of Supply

Time of Supply of Goods (Forward Charge and Reverse Charge) | Time of Supply of Services (Forward Charge and Reverse Charge) | Value of Supply

Place of Supply of Goods

Supply Involving the Movement of Goods | Goods Delivered at the Direction of a Third Party | Supply Not Involving Movement: Goods Assembled at Site | Goods Supplied on Board a Conveyance | Other Cases of Place of Supply

Input Tax Credit (ITC)

 Introduction to ITC | Availability of ITC | Blocked Credits with Examples | Utilization of ITC | Process of Availing ITC | ITC Set-Off Process | Conditions for Availing ITC | Input Service Distributor (ISD) under GST

E-Way Bill:

 Introduction to E-Way Bill | Goods Exempted from E-Way Bill | Modification, Rejection, and Cancellation of E-Way Bill

Returns Under GST:

Return Forms for Various Registered Dealers | ITC Forms | Due Dates and Purpose of Returns | Annual Return | Late Fees | Interest | Audit under GST | Refund Process | GST E-Invoicing

GST Using Tally Prime:

 Composition Dealer Accounting | Regular Dealer Accounting | GST Reports | JSON File Generation | ITC Adjustment Entries | Blocked Credit Entries | Reverse Charge Mechanism (RCM) Entries | GST on Advance Receipts | GST Tax Payment Entries | Generating and Exporting GST Reports in Various Formats | Accounting for Mixed Supply and Composite Supply | Supply of Exempted/Nil Rated Goods | Supply of Goods to SEZ | Supply of Goods to Another Territory | Reversal of ITC

Projects

GST Registration Using Simulation

Introduction to GST Registration | Importance of Registration | Eligibility Criteria | Documents Required | Types of GST Registration | Step-by-Step Registration Process | Common Errors in Registration | Validation and Approval Process

GST Filing and Challan Generation Using Simulation

Overview of GST Returns | Types of Returns (GSTR-1, GSTR-3B, etc.) | Filing Deadlines | Offline GST Return Preparation | Input Tax Credit (ITC) Reconciliation | Challan Generation Process | Common Errors in Filing | Penalties for Late Filing

Offline GST Filing and Compliance Using Tally Prime

Overview of Tally Prime | Configuring GST in Tally | Recording GST Transactions | Sales and Purchase Entry | Journal Entries for GST | Preparing GST Returns (GSTR-1, GSTR-3B) | Exporting Data for Filing | Practical Challenges in Tally

E-Way Bill Generation and Management Using Simulation

Introduction to E-Way Bills | Importance and Uses | When E-Way Bills are Required | Documents Needed | Steps for Generating E-Way Bills | Modifications and Cancellations | Validity Periods and Exceptions | Monitoring and Compliance

Introduction to GCC VAT

Overview of VAT | Concept and Importance of VAT | Objectives of VAT |GCC Countries | Member States and VAT Authorities | Implementation Overview | Structure of GCC VAT | Tax Rates | Applicability.

Types of Transactions in GCC VAT

Taxable Transactions | Definition | Scope | Standard Rated Supplies | Application Examples | Key Details |Zero Rated Supplies | Categories | Compliance Requirements.
Exempt Supplies | Non-Taxable Transactions | Key Scenarios | Out-of-Scope Transactions | Non-GCC VAT Transactions | Classification.

Introduction to UAE VAT

UAE VAT System | Framework and Structure | Governing Authority | VAT Basics | Taxable Persons | Key Definitions | Supplies under UAE VAT | Goods and Services | Applicability.

Bookkeeping and VAT Documentation

Bookkeeping for VAT | Importance | Key Practices | Tax Invoices | Contents | Examples.
Credit Notes and Debit Notes | Purpose | Compliance Guidelines | Audit Trail Maintenance | Role in VAT Compliance.

VAT Registration

Types of VAT Registration | Mandatory | Voluntary | VAT Registration Process | Steps | Documentation Required | Registration Thresholds | Criteria | GCC Country-Specific Thresholds.

Input VAT and Output VAT

Input VAT System | Recoverability | Conditions for Claim | Output VAT System | Calculation | Reporting | Calculating VAT Payable | Input-Output Offset | Refund Procedures

Corporate Tax in GCC

Overview of Corporate Tax | Definition | Importance | Corporate Tax Rates | GCC Country Comparisons | Industry-Specific Applications | Economic Impact of CT | Implications on Businesses | Compliance.

 Economic Substance Regulations (ESR)

ESR Overview | Definition | Importance in GCC | ESR in UAE | Notification Process | Filing and Reporting.

Financial Accounting Framework (FAF)

FAF Overview | Definition | Role in UAE VAT | Tax Compliance Using FAF | Reporting | Record Maintenance.

Excise Tax in GCC

Overview of Excise Tax | Definition | Importance | Excise Tax Rates | Products Covered | Compliance Requirements | Filing and Compliance for Excise Tax | Documentation | Payment Procedures.

Reverse Charge Mechanism (RCM)

Definition and Purpose of RCM | Adjustments in RCM | Applications in GCC.

Profit Margin Scheme (PMS)

Overview of PMS | Purpose | Applicability in GCC | Adjustments in PMS | Compliance Requirements | Record-Keeping Standards.

Advance Receipts and Adjustments

Systems for Managing Advance Receipts | Importance | GCC VAT Implications | Adjustments and Compliance in Advance Receipt Systems | Filing Process | Documentation Standards

VAT 201 Filing

VAT 201 Filing Practical Assignment

Penalties Under UAE VAT

Penalties Under UAE VA

GCC VAT 201 Return Filing

Basic Concepts

Income-tax law: An introduction | Important definitions in the Income-tax Act, 1961 | Concept of the previous year and assessment year | Basis of Charge and Rates of Tax

Residential status and scope of Total Income

Residential status | Scope of Total Income | Incomes which do not form part of total Income (other than charitable trusts and institutions, political parties and electoral trusts) Incomes not included in total income | Tax holiday for newly established units in Special Economic Zones

Heads of Income and the provisions governing the computation of Income under different heads

Salaries | Income from house property | Profits and gains of business or profession | Capital gains | Income from other sources

Income of other persons included in the assessee’s Total Income

Clubbing of Income

An introduction | Transfer of Income without transfer of assets |Income arising from revocable transfer of assets | Clubbing of Income arising to spouse | Minor child and son’s wife in some instances

Aggregation of Income; Set-off, or carry forward and set off of losses

Collection of income | Concept of set-off and bring forward and set-off of losses | Provisions governing set-off and carry on and set-off of losses under different heads of payment | Order of set-off of losses

Deductions from Total Gross Income

General provisions | Deductions in respect of certain payments | Specific deductions in respect of certain income | Deductions in respect of other income | Other deductions

Computation of Total Income and tax liability of individuals

Income to be considered while computing the total income of individuals | Procedure for calculation of total Income and tax liability of individuals

Advance tax, Tax deduction at source and Introduction to Tax collection at source

Provisions for Filing Return of Income and self-assessment

ITR 1 Filing Procedure | Form 16 | Income Tax Refund | Return Filing Forms

Return of Income | Compulsory filing of return of income | Fee and Interest for default in furnishing return of income | Return of loss | Provisions relating to belated Return, revised Return etc | Permanent account number | Persons authorized to verify Return of income | Self-assessment | ITR 1 Return filing (Registration & Return filing) | DT

Introduction to TDS (Tax Deducted at Source)

Concept of TDS under the Income Tax Act | Importance of TDS in Tax Collection | Roles and Responsibilities of Deductor and Deductee |

TDS Sections under Income Tax Act

Section 192: TDS on Salaries | Section 194A: TDS on Interest other than Interest on Securities | Section 194C: TDS on Contractors and Sub-contractors | Section 194J: TDS on Professional or Technical Fees | Section 194H: TDS on Commission or Brokerage | Section 194M: TDS on Payments to Contractors, Professionals, or Other Services | Section 195: TDS on Payments to Non-Residents | Other Relevant Sections for TDS |

TDS filing Using Simulation
PAN Registration| TAN registration |Computation of Tax Liability| TDS & Advance Tax Adjustment | Tax Payment | Tds challan Payment | TDS utility FVU | TDS certificate .

ITR Forms and Purposes

Overview of Income Tax Return (ITR) Forms | Different Types of ITR Forms (ITR-1, ITR-2, ITR-3, etc.) | ITR Filing Requirements Based on Income Sources | Purpose of ITR Filing and Its Importance for Taxpayers | Purpose of ITR-1 Form | Who Is Eligible to File ITR-1 (Sahaj)? | Income Covered Under ITR-1 (Salaries, House Property, Other Sources) | Key Features and Fields in ITR-1 | Document Checklist for ITR-1 Filing |

ITR-1 Filing Using Simulation

Steps to File ITR-1 Using the Income Tax e-Filing Portal | Simulating the ITR-1 Form Filling Process Using Online Tools | Common Mistakes in ITR-1 Filing and How to Avoid Them |

Introduction to QuickBooks
Types of QB, Login, Company Creation I Navigation, Toolbar Customization I Company and Tax Settings I

Chart of Accounts in QB
Chart of Accounts Overview I Trial Balance Report I Item Creation, Edit, Opening Balance Equity

Depreciation
 Fixed Asset Creation I Fixed Asset Depreciation I Accrued Depreciation

Customers in QB
Customer Management (Create, Edit, Import, Inactivate) I Recurring Templates, Statements

Suppliers in QB
Supplier Management (Create, Edit, Import, Inactivate) I Batch Actions

Bills and Invoice Creation in QB
Purchase Bills I Sales Invoices I VAT Treatments

Import and Export Process in QB
RCM Process I Import and Export Processes

Journal and Expense Transactions in QB
Journal and Expense Transactions

PO Process in QB
Detailed PO Process

Estimate Process in QB
Detailed Estimate Process

AR and AP in QB
AR Process I AP Processes

Transfer and Deposit Methods in QB
Bank Deposits I Fund Transfers

Credit Note Transactions in QB
Detailed Credit Note Transactions

Debit Note Transactions in QB
Detailed Debit Note Transactions

Credit Card Transactions in QB
CC Expenses I CC Journals I CC Bill Payments

Project Transactions in QB
Project Creation, Invoices, Reports I Project Transactions in Different Business Natures

Multi-Currency Transactions in QB
Multi-Currency Management I Multi-Currency Bills and Invoices

Adjusting Inventory in QB
Inventory Adjustments I Inventory Allocation

Payroll Transactions in QB
Payroll Setup Processing I Tax Reporting

Budgeting in QB
Budget Creation, Monitoring I  Budget Forecasting

Sales Receipt and Refund Receipt in QB
Sales Receipts I Refund Receipts

Delayed Credit and Delayed Charges in QB
Delayed Credit and Charges

BRS in QB
Bank Reconciliation

Paydown Credit Card Transactions
Paydown Credit Card Processes

VAT 201 in QB
VAT 201 Bills and Invoices I VAT 201 Details, Tax Setup

Invoice Settings in QB
Invoice Customization

Reports in QB
Financial Reports  I  Customization

Asset Schedule & Task Assignment
Asset Schedule  I Workflows

Security Setup in QB
User Management  I Security

Automatic Backup and Restore
Backup and Restore

Final Project Assignment

Zoho Books

Automation of Data Extraction and Processing

Familiarizing with AI Tools for Accounting | Data Extraction from Invoices Using AI | Automatic Details Extraction from Bank Statements | Automating Data Entry Processes

AI-Driven Financial Analysis

Financial Analysis Using Reports Generated from ERPs | Predictive Analytics for Trend Analysis of Companies Using AI | AI-Based Forecasting for Financial Trends

Streamlining Communication and Compliance with AI

AI-Driven Business-Wide Professional Email Communication | Enhancing Inter-Department Communication with AI | Drafting Reply Notices to Tax Authorities Based on Different Scenarios | AI for Streamlining Compliance and Regulatory Communication

AI-Based Business Planning and Financial Projections

Projected Balance Sheet Preparation Using AI | Business Project Preparation for Securing Various Business Loans | AI-Driven Financial Forecasting and Projections

Financial Statements of a Company

Overview of Different Business Entity Forms | Financial Statements of a Company | Fixed Assets Schedule Preparation | Other Statutory Filings and Compliance for Companies

Introduction to Payroll Accounting

Introduction to Payroll Accounting | Overview of Indian Labour Laws | Basic Pay Heads | Provident Fund (PF) | Employee State Insurance (ESI) | Deductions from Salary | Overview of GCC Labour Laws | Expatriate and Emirati Statutory Contributions

Managing Payroll Transactions in Tally Prime as per Indian Labour Laws

Creating Pay Heads in Tally Prime | Statutory Pay Heads Configuration | Employee Creation Process | Attendance Management in Tally Prime | Managing Statutory Pay Heads in Tally Prime | Payroll Adjustment Entries in Tally | Generating Payroll Reports in Tally

Zoho Payroll

Managing Payroll in Zoho Books (Indian Labour Laws Compliance) | Attendance Management in Zoho Books | Managing Payroll in Zoho Books (GCC Labour Laws Compliance) | Payroll Approval Process in Zoho Books | Taxation & Forms in Payroll | Payroll Adjustments in Zoho Books | Pay Schedules in Zoho Books | Payroll Reports in Zoho Books

Advanced Excel

introduction to Advanced Excel | Excel sheet Creation, edit, save, Folder Creation | Project 1 [Introduction to Excel

Conditional Formatting & Data Validation

Cell reference, Conditional formatting| Data validation| Important functions in Excel, Remove duplicate values, Hyperlink| Filter, Unique, Sort, SortBY, Sequence, Randarray Functions|

Logical & Statistical functions

Logical functions | Sum & Count if functions| Graphics, Print area setup , Camera tool project| Statistical functions, mathematical functions , Date related functions,  Financial Functions| Dsum, subtotal functions, Text functions, Insert object| Data extraction| Averageif& Averageifs.

Advanced Pivot Table

Classic pivot table and chart| Slicers, timelines and calculated fields| Building hierarchies in pivot tables| Advanced Pivot table data analysis

Advanced Formula for Data Analysis

Custom view, Header and footer, Text to column function| Goal seek, Solver, Scenario manager| Lookup| Project| Match and index function, Consolidating data

Advanced Formula for Data Analysis

Sparkline chart, People graph, Data forecast, Import text file| Mail merge, Consolidating data| Form data, Auditing tool, Web data, Speak cell | Macro, Password protection

Data Preparation and Cleaning

Importing data from various sources. | Handling missing values and duplicates. | Using Text-to-Columns and Flash Fill. | Data validation and error checking for quality assurance.|

Date and Time Analysis

Working with DATE, TIME, NETWORKDAYS, and EOMONTH. | Automating rolling date ranges for dynamic reports. | Calculating time differences in hours, minutes, and seconds. | Custom formatting for date and time (e.g., “MMM-YYYY”). | Dynamic date ranges and custom date logic with WEEKNUM, WORKDAY.INTL

Power Query (Get & Transform)

Importing and cleaning data from various sources| Merging and appending queries| Advanced filtering and transforming data

Introduction to Dashboard Design

Understanding the importance of dashboards | Planning a dashboard project| Data visualization best practices| Advanced Charts

Financial Analytics Dashboard
Importing financial statements and transaction data. | Profit and loss computations. | Cash flow analysis. | Revenue and expense visualizations. | Break-even analysis charts. | Scenario analysis using what-if parameters.

• Introduction to Power BI

  Introduction to Power BI. | Power BI installation. | Main components of Power BI.

  Data Import and Transformation

  Data import and transformation. | Columns transformation. | Conditional formatting. | Data grouping. | Tooltip report page. | KPI visualization. | Map visualizations. | Card visual.

  Power Query intro-User Interface

  Power Query intro-User Interface| Data Consolidation in Power BI | Case Study -Payroll Data |

  Advanced Visualizations and Data Consolidation

  Advanced visualizations. | Data Modeling Intro-Start Schema| Case Study Sales Analysis| Snowflake Schema|

  DAX Functions

  Understanding DAX functions. | Adding new tables. | Logical functions. | Date and time functions.| Dax Syntax| Adding New Column| Adding New Measure| Adding New Table| Renaming Column &Measure| Arithmetic Operators

  Statistical and Text Functions

  Statistical functions (SUM, SUMX, MIN, MINX, AVERAGEX). | Text functions (LEN and others). | Hierarchy reports| Filter Functions|

  Designing Interactive Dashboards

  Designing interactive dashboards. | Matrix visualization. | Case Study: Sales Analytics Report (Project). | Case Study: HR Analytics Report (Project). | Publishing and sharing reports| Area Chart |Line  & Stacked Column Chart| Bookmark & Selection Pane| Data Grouping| Sorting|

  KPI Visualization| Multi – Row Card| Formatting Visuals| Field settings| Tooltip Report Page| Table Visualization |Matrix Visualization|

  Project

  Top 10 Tricks in Power BI| Project 1, Project 2, Project 3

SAP Introduction

ERP | SAP SE | SAP partners | ASAP | Modules in SAP | T-Code

Organisational Elements

Define Company | Company Code | Business Area | Profit Centre | Segment | Functional Area |

Define Chart of Account & Account Group

Chart of Account Creation | Assignment | Group Chart of Accounts | Company Accounts Group Creation

Define retained earnings | Fiscal Year variant | Posting Period Variant

Define Carry Forward Process | Setting financial  Yearfor the Company code | Define Open and Closed Posting Period

Define Field Status Variant | Tolerance Group

TG for the GL Account | TG for Employee |TG for Customer and Vendor | TG for User Assignment

Define Document type for GL Account & Ledger Creation

Define Number for  Document Type  for GL Account Posting | Creation of ledger | Alter Ledger | Block, Copy Ledger

GL Accounting

GL Document Posting |GL Account Year End Adjustment | Outstanding Expense Management | Accrued Income Management| GL Reporting

Parking the Document | Reverse Document | GL Account Adjustment

Parking the Document| Post the Parked Document | Hold the Document | Reverse Document |

Accounts Payable Process

Introduction to Accounts Payable in SAP | Business Partner Vendor Master Data in Accounts Payable | Invoice Processing in Accounts Payable | Payment Processing in Accounts Payable | Vendor Payments and Clearing |

Accounts Receivable process

Introduction to Accounts Receivable in SAP | Master Data Management for Business Partner Customers | Invoice Creation and Processing in Accounts Receivable | Incoming Payments and Payment Processing |

Credit Memos

Sales Return | Refund to the Customer | Purchase Return | Refund from Vendor/Supplier

Advance Payment in AP Process

Advance Payment Entry | Clearing of Advance Payment

Advance Receipt in AR Process

Advance Receipt Entry | Clearing of Advance  Receipt

Dunning

Define Dunning area | Define Dunning Procedure | Run Dunning

House Bank Creation

Define Bank Account using SAP Fiori | Automatic Payment Process | Cheque Management

Controlling

Define Controlling Area | Number Range Settings for the controlling Area | Maintain version | Cost Centre Creation | Cost Element

Asset Accounting

Define Depreciation Area | Define Asset Class | Asset Creation | Asset Posting

Cash Journal in SAP

Introduction to Cash Journal in SAP | Configuration of Cash Journal | Cash Journal Transaction Types | Posting Rules in Cash Journal | Managing Cash Journal Entries | Bank and Cash Integration | Authorizations and Security in Cash Journal | Cash Journal Reports and Reconciliation | Best Practices for Using Cash Journal | Troubleshooting Cash Journal Issues.

Tax  Configuration in SAP GST and GCC VAT

Introduction to SAP Taxation | Tax Codes and Tax Categories | Tax Calculation Procedure | Tax Jurisdictions and Rates | Withholding Tax (WHT) Configuration | Integration with Other SAP Modules | Tax Reporting and Compliance | Advanced Tax Configuration Topics | Best Practices and Troubleshooting |

Project Implementation and Case Study.

SAP Introduction

ERP | SAP SE | SAP partners | ASAP | Modules in SAP | T-Code

Introduction to SAP Materials Management

Overview of SAP Materials Management (MM) | Importance of SAP MM in Supply Chain Management | Key Features and Functions of SAP MM | Integration of SAP MM with Other SAP Modules (FI, CO, SD, WM)

Organizational Structure in SAP Materials Management (MM)

Client | Company Code | Plant | Storage Location | Purchasing Organization | Purchasing Group | Valuation Area

Material Master Data

Introduction to Master Data in SAP | Importance of Master Data in SAP | Types of Master Data in SAP | Material Master Data | Material Type | Material Group | S4HANA Material configuration| | Material Creation

Business Partner Vendor Master Data in Sap MM

Introduction to Vendor Master Data in SAP MM | Importance of Vendor Master Data in Procurement | Structure of Vendor Master Data | Vendor Master Views (General Data, Company Code Data, Purchasing Data) | Creating and Managing Vendor Master Data | Vendor Master Data Maintenance and Updates | Vendor Number Assignment (External vs Internal Number Assignment) | Vendor Roles and Role Selection | Relationship Between Vendor Master and Purchasing Organization | Data Validation and Checks for Vendor Master Data | Integration of Vendor Master Data with Other SAP Modules (FI, MM, SD)

Pre-Procurement Process in SAP MM

Introduction to Pre-Procurement Process in SAP | Understanding the Procurement Cycle in SAP | Master Data Required for Pre-Procurement (Material Master, Vendor Master, Purchasing Info Records) |

Sourcing in SAP MM

Introduction to Sourcing in SAP MM | Overview of Sourcing Process in Procurement | Role of Sourcing in the Procurement Cycle | Vendor Selection and Supplier Evaluation | Source Lists and its Configuration in SAP |

Quota Arrangement in SAP MM

Creating and Managing Quota Arrangements | Defining and Assigning Quota Percentages for Vendors | Quota Arrangement Types and Usage in Procurement | Integration of Quota Arrangement with Purchase Requisition and Purchase Order |

Procurement Process in SAP MM

Purchase Requisition Process (Creation, Approval, and Release Strategy) | Source Determination and Vendor Selection | Request for Quotation (RFQ) and Quotation Management | Purchase Order Creation and Types (Standard, Stock, Service, etc.) | Purchase Order Release and Approval | Goods Receipt (GR) Process and Impact on Inventory | Invoice Verification and Handling in SAP MM | Integration of Procurement with SAP Financial Accounting (FI) |

Summing up life skills qualities | Email- Business Communication | Professional profiles in digital platforms | Grooming | What is a Structured Interview? Preliminary Preparation | Do’s & Don’ts of an Interview | Discussion of frequently asked questions in the interview | Real-world Interviews examples | Personal Interview Assessment with constructive feedback.

Project Title: Comprehensive Financial and Operational Management Using Tally Real-World Application for Accounting, Inventory, Receivables, Payables, Tax Filing, Payroll, and Aging Analysis

Project Overview:

This project is a practical application of Tally 5.1, designed for finance and accounting professionals to master critical business operations. It provides hands-on experience in managing financial accounting, inventory management, receivables and payables tracking, tax compliance, payroll processing, aging analysis, and other advanced accounting functions. The project simulates real-world scenarios to offer insights into operational optimization, compliance, and effective decision-making. It provides hands-on experience in managing:

• Financial accounting, including ledger management, journal entries, and financial reporting.
• Inventory management with advanced features like stock categorization, batch-wise tracking, and valuation methods.
• Accounts receivable and payable tracking to optimize cash flow and maintain credit discipline.
• Tax compliance, including GST return filing, TDS, and TCS management.
• Payroll processing, covering employee master setup, statutory compliance, and payroll reporting.
• Aging analysis for strategic receivable and payable management.
• Cost center and cost category analysis to allocate and monitor expenses effectively.
• Budgeting and variance analysis to ensure financial discipline.
• Bank reconciliation for accurate cash flow management.

Project Scope:

1. General Accounting Functions:

• Ledger Management:
  • Creation of detailed ledgers for assets, liabilities, income, and expenses.
  • Configuring opening balances for ledgers.
• Journal Entries:
  • Record adjustment entries for accruals, prepayments, and depreciation.
  • Post rectification and closing entries.
• Contra Entries:
  • Manage cash deposits, withdrawals, and bank-to-bank transfers.
• Petty Cash Management:
  • Track petty cash transactions and reconcile balances.
• Trial Balance:
  • Generate trial balance to ensure accurate ledger balances.

2. Inventory Management:

• Creating Inventory Masters:
  • Set up inventory items with stock categories (e.g., raw materials, finished goods), units of measurement, and warehouses.
• Advanced Stock Control:
  • Batch-wise inventory management for tracking manufacturing and expiry dates.
  • Bill of Materials (BoM) for managing raw materials in production.
• Stock Transactions:
  • Record purchases, sales, stock adjustments, and warehouse transfers.
• Reorder Levels & Alerts:
  • Configure reorder thresholds with alerts for low stock.
• Valuation Methods:
  • Implement FIFO, LIFO, or Weighted Average for inventory valuation.
• Inventory Budgeting:
  • Set budgets for stock purchases and consumption.
• Reports:
  • Stock Summary: Real-time stock levels.
  • Stock Valuation: Monetary value of inventory.
  • Inventory Aging: Identifying slow-moving or obsolete stock.
  • Inventory Profitability Analysis: Analyze inventory-related costs and profitability by category.

3. Accounts Receivable and Payable Management:

• Ledger Creation:
  • Configure customer and supplier ledgers with credit limits, payment terms, and contact details.
• Invoice Management:
  • Generate sales invoices, purchase invoices, credit notes, and debit notes.
• Receivables & Payables Tracking:
  • Receivables: Monitor outstanding customer payments and overdue invoices.
  • Payables: Track supplier payment schedules to optimize cash flow.
• Aging Analysis:
  • Generate detailed aging reports categorizing balances into 0-30, 31-60, 61-90, and 90+ days.
• Credit Management:
  • Track customer credit limits and automate payment follow-ups for overdue invoices.

4. GST Tax Filing & Compliance:

• GST Setup:
  • Define GST rates and configure GST-related accounts.
• Recording Transactions:
  • Record GST-compliant sales and purchases, manage GST credits, and liabilities.
• GST Return Filing:
  • Automatically prepare GSTR-1 and GSTR-3B for filing.
• E-Way Bill Integration:
  • Record transactions requiring e-way bills and generate reports.
• GST Reports:
  • GSTR-1: Detailed sales transactions.
  • GSTR-3B: Summary of GST liabilities and credits.
• GST Reconciliation:
  • Reconcile input and output GST to avoid discrepancies.

5. Payroll Management:

• Employee Master Setup:
  • Define employee profiles, salary structures, and statutory deductions.
• Attendance & Leave Management:
  • Track attendance, leaves, and overtime.
• Payroll Processing:
  • Automate salary calculation, including EPF, ESI, and tax deductions.
  • Generate payslips for employees.
• Advanced Payroll Features:
  • Configure multiple salary structures and employee benefits.
  • Automate gratuity and bonus calculations.
• Reports:
  • Payslips and salary registers.
  • Statutory forms like Form 16, PF, and ESI.

6. Aging Analysis:

• Receivables Aging:
  • Analyze outstanding amounts from customers using aging buckets.
  • Prioritize collections and follow-ups based on the age of receivables.
• Payables Aging:
  • Monitor overdue supplier payments and manage cash flow.
• Financial Projections:
  • Use aging data for liquidity management and cash flow analysis.
• Collection Management:
  • Automate collection reminders to customers based on aging reports.

7. Cost Center and Cost Category Analysis:

• Cost Centers:
  • Allocate expenses and incomes to departments or projects.
• Cost Categories:
  • Compare cost performance across different cost categories.

8. Budgeting and Variance Analysis:

• Budget Setup:
  • Create and allocate budgets for income, expenses, and inventory purchases.
• Variance Reports:
  • Compare budgeted amounts with actuals and analyze variances.

9. Financial Reporting & MIS:

• Customized Reports:
  • Generate profit and loss statements, balance sheets, and cash flow reports.
• Ratios & Metrics:
  • Use Tally’s built-in ratio analysis for financial health assessment (e.g., current ratio, quick ratio).

10. Depreciation Accounting:

• Fixed Asset Management:
  • Maintain fixed asset registers with purchase and depreciation details.
  • Automate depreciation calculation using methods like WDV or SLM.

11. Tax Deducted at Source (TDS) and Tax Collected at Source (TCS):

• TDS Management:
  • Set up TDS rates and deduct applicable tax while recording payments.
  • Generate TDS returns and certificates.
• TCS Setup:
  • Record transactions requiring TCS and automate compliance.

12. Audit & Compliance Features:

• Audit Trail:
  • Maintain logs of changes made to transactions.
• Statutory Audit Reports:
  • Prepare reports for statutory audits with built-in compliance checks.

13. Bank Reconciliation:

• Reconciliation Automation:
  • Import bank statements and automate transaction matching.
• Post-Dated Cheque Management:
  • Track and reconcile post-dated cheques.

Project Title: Comprehensive GST Management and Compliance: Integration of GST Mock Portal and Tally Prime for Regular and Composition Dealers

Project Overview:
This project provides a hands-on approach to mastering GST compliance by simulating real-world scenarios. It focuses on understanding and applying GST laws, preparing returns, and performing reconciliations through the GST mock portal. The project is designed to help participants navigate GST filings, challan creation, e-way bill generation, and statutory compliance effectively. It also covers drafting responses to notices and preparing refund claims.

Project Scope:

1. GST Registration Process

• Simulate GST registration for a demo client using sample documents (e.g., PAN, Aadhaar, business address proof).
• Understand and complete the online registration form on the GST mock portal.
• Assign GSTIN and validate its authenticity.

2. GST Master Setup

• Set up tax rates, HSN/SAC codes, and GST types (Regular, Composition, etc.).
• Understand the classification of goods and services under GST for compliance

3. GST Activities for Regular Dealers

Performed Using GST Mock Portal:

• GSTR-1 Filing:
  • Prepare and file GSTR-1 for outward supplies, including taxable, B2B, and B2C transactions.
• GSTR-3B Filing:
  • File GSTR-3B to summarize tax liabilities and ITC claims.
• GSTR-9 Filing:
  • Prepare and file annual returns summarizing all transactions for the financial year.
• Challan Generation:
  • Create and simulate GST payment challans for liabilities.
• Reconciliation:
  • Import and reconcile GSTR-2A/2B with inward supply records.

Performed Using Tally Prime:

• Record GST-compliant sales and purchase invoices.
• Automate ITC tracking and tax liability calculations.
• Generate GST reports, including GSTR-1 and GSTR-3B summaries.

4. GST Activities for Composition Dealers

Performed Using Tally Prime:

• Quarterly Tax Calculation:
  • Automate tax calculations based on turnover at prescribed rates for composition dealers.
• Recordkeeping:
  • Maintain purchase and sales records, ensuring compliance with composition rules.
• Return Preparation:
  • Generate CMP-08 (quarterly return) and GSTR-4 (annual return) summaries.
• Compliance Tracking:
  • Monitor turnover limits to ensure continued eligibility for the composition scheme.
• Ledger and Tax Reporting:
  • Prepare GST turnover and tax liability reports specific to composition dealers.

5. Challan Generation and Tax Payment

• Generate challans for GST payments, including interest and penalties.
• Simulate payment of GST liabilities on the GST mock portal.

6. Reconciliation of GSTR-2A and GSTR-2B

• Import purchase data from suppliers (GSTR-2A/2B) and match it with inward supply records.
• Identify mismatches and prepare adjustment entries for discrepancies.

7. E-Way Bill Generation

• Simulate the generation of e-way bills for the transportation of goods exceeding threshold limits.
• Understand compliance requirements for e-way bills in inter- and intra-state transactions.

8. Drafting Reply to GST Notices

• Analyze sample GST notices for mismatches, late filings, or non-compliance.
• Draft replies to these notices with appropriate documentation and explanations.

9. Filing GST Refund Applications

• Prepare refund claims for scenarios like excess tax payments or export of goods/services.
• Simulate filing refund applications using the mock portal.

10. Input Tax Credit (ITC) Management

• Simulate claiming ITC for eligible purchases based on GST rules.
• Handle reversal of ineligible ITC and understand the 180-day rule for payments.

11. Advanced GST Scenarios

• Filing GST for composition dealers, including quarterly returns and annual returns.
• Managing GST on advances received and adjusting tax liabilities.
• Simulate compliance for specific scenarios like reverse charge mechanism (RCM).

12.Core and Non-Core Field Amendments

Core Field Amendments:

1. Amendments include:

• Business name (legal/trade).
• Principal/additional place of business.
• Addition/removal of partners or directors.

1. Process:

• File Form GST REG-14 with supporting documents.
• Approval required from the GST officer.
• Updated certificate issued in Form GST REG-15.

Non-Core Field Amendments:

1. Amendments include:

• Contact details (email/mobile).
• Bank account details.
• Business activity/nature.
• HSN/SAC code changes.

1. Process:

• Self-service via the GST portal.
• Immediate approval and updates.

Project Deliverables:

1. GST Registration Certificates: Simulated for regular and composition dealers.
2. Filed Returns: GSTR-1, GSTR-3B, CMP-08, and GSTR-4 using GST mock portal and Tally Prime.
3. Reconciliation Reports: GSTR-2A/2B matched with inward supply data.
4. Challans and Payments: Generated and simulated for GST liabilities.
5. E-Way Bills: Created for both dealer types.
6. Composition Dealer Reports: Turnover, tax liability, and quarterly return summaries.
7. Drafted Notices: Responses to GST compliance notices.
8. ITC Documentation: Detailed records for ITC claims and reversals (for regular dealers only).

Project Overview: This project is designed for students and working professionals in the finance and accounting sectors to develop practical skills in financial management, inventory control, and operational efficiency using Tally Prime 5.1. It involves setting up and managing the following key business functions:

• Inventory Management: Efficiently tracking and managing stock across multiple warehouses.
• Accounts Receivable and Payable: Managing customer and supplier transactions, credit limits, overdue payments, and aging analysis.
• VAT Tax Return Filing: Ensuring tax compliance and filing VAT returns directly from Tally.
• Payroll Management: Configuring and processing employee payroll, statutory deductions, and generating payroll reports.
• Aging Analysis: Analyzing overdue accounts, assessing the impact on cash flow, and managing collections and payments.
• Corporate Tax, Excise Tax, and RCM Compliance: Configuring and managing tax compliance for corporate tax, excise tax, and reverse charge mechanism (RCM).
• Profit Margin Analysis: Tracking and analyzing profit margins across products and services.
• Advance Receipt Management: Managing and accounting for advance payments from customers.
• Import and Export Transactions: Handling international trade transactions, including cross-border and intra-region operations.
• Company Registration and Compliance: Setting up company profiles, ensuring compliance with registration and statutory requirements.

The project provides hands-on practice to simulate real-life scenarios that professionals often face in their day-to-day financial operations, with a focus on optimizing business performance and compliance.

Project Scope This project will include detailed steps in managing each of the following business functions using Tally Prime 5.1:

1. Inventory Management

• Creating Inventory Masters:
  • Set up inventory items with different stock categories (raw materials, finished goods, etc.), units of measurement, and warehouses.
• Stock Grouping & Categorization:
  • Create groups for categorizing inventory (e.g., Electronics, Accessories).
• Stock Tracking:
  • Record purchases, sales, stock adjustments, and transfers between warehouses, with the ability to track stock levels across multiple locations.
• Reorder Levels & Alerts:
  • Set reorder levels for items and configure automatic alerts for low stock.
• Stock Valuation Methods:
  • Use valuation methods like FIFO, LIFO, or Weighted Average to manage inventory costs.
• Inventory Reports:
  • Stock Summary: Track real-time stock levels.
  • Stock Valuation: Assess the monetary value of stock.
  • Stock Movement: Track the movement of goods.
  • Inventory Aging: Analyze how long each item has been in stock to identify slow-moving or obsolete products.

2. Accounts Receivable & Payable Management

• Customer and Supplier Ledger Creation:
  • Set up ledgers for all customers and suppliers with credit limits, payment terms, and contact details.
• Invoice Management:
  • Create sales invoices, purchase invoices, credit notes, and debit notes.
• Managing Receivables:
  • Track outstanding payments from customers.
  • Set payment terms and credit limits for customers to control receivables.
• Managing Payables:
  • Monitor outstanding supplier payments and payment due dates.
  • Set supplier payment terms to optimize cash flow.
• Aging Analysis for Receivables & Payables:
  • Generate Aging Analysis Reports for both accounts receivable and payable.
  • Categorize outstanding balances into aging buckets: 0-30 days, 31-60 days, 61-90 days, 90+ days.
  • Automate reminders for overdue receivables and payables.
• Credit Management:
  • Track customer credit limits and ensure that limits are adhered to.
  • Automate payment follow-up for overdue invoices.

3. VAT Tax Filing & Compliance

• VAT Setup:
  • Set up VAT tax rates and configure VAT-related ledgers (e.g., output VAT, input VAT).
• Recording VAT Transactions:
  • Record VAT-compliant sales and purchases in Tally Prime.
  • Manage VAT credits and liabilities on sales and purchases.
• VAT Return Filing:
  • Automatically generate VAT return reports for submission.
  • Generate VAT tax reports to ensure accurate filing.
• VAT Reconciliation:
  • Reconcile input and output tax to avoid discrepancies during VAT return filing.
• VAT Reports:
  • Detailed reports of sales and purchase transactions with VAT details.
  • Summary reports of VAT liabilities and credits.

4. Payroll Management

• Employee Master Setup:
  • Create employee profiles and define salary structures (basic pay, bonuses, deductions).
• Attendance & Leave Management:
  • Set up and manage attendance, leave types, and overtime.
• Processing Payroll:
  • Calculate monthly salaries with statutory deductions like EPF, ESI, PT.
  • Generate pays lips for each employee.
  • Calculate bonuses and incentives as part of the salary structure.
• Payroll Reports:
  • Pay slips: Detailed pays lips for employees showing basic salary, deductions, and take-home pay.
  • Salary Registers: Generate a list of all employees with salary details.
  • Statutory Reports: Prepare Form 16, PF, ESI, and other compliance reports.
  • Tax Computation: Calculate and generate TDS (Tax Deducted at Source) for employees.

5. Aging Analysis

• Receivables Aging:
  • Analyze outstanding amounts from customers using aging buckets.
  • Prioritize collections and follow-ups based on the age of receivables.
• Payables Aging:
  • Monitor overdue supplier payments and manage cash flow.
  • Generate reports showing the age of payables to optimize payment schedules.
• Financial Analysis:
  • Use aging data for cash flow projections and financial decision-making.
  • Generate reports for credit risk analysis and liquidity management.
• Collection Management:
  • Automate collection reminders to customers based on aging reports.
  • Generate alerts for overdue accounts and prioritize payment collections.

6. Corporate Tax & Excise Tax Management

• Corporate Tax Setup:
  • Configure corporate tax rates and ledgers.
  • Record tax-related transactions.
• Excise Tax Setup:
  • Configure excise tax details for manufacturing and trading companies.
  • Record excise duties on purchases and sales.

7. Reverse Charge Mechanism (RCM) Functions

• RCM Setup:
  • Configure reverse charge mechanisms for applicable transactions.
  • Track and reconcile RCM liabilities.
  • Generate reports for reverse charge transactions.

8. Profit Margin Analysis

• Profit Margin Setup:
  • Define profit margins for different products and services.
  • Analyze margins using detailed reports to identify high- and low-performing items.
  • Profit Analysis: Generate reports to analyze profit margins.

9. Advance Receipt Management

• Advance Receipt Setup:
  • Record and manage advance payments from customers.
  • Reconcile advances against invoices.
  • Generate reports to track advance receipts and their utilization.

10. Import & Export Transactions

• International Transactions Setup:
  • Configure ledgers for import/export transactions.
  • Record foreign currency transactions.
  • Record transactions with customs duties, freight, and other charges
• Compliance Reports:
  • Generate compliance reports for cross-border trade.

11. Company Registration & Compliance

• Company Registration:
  • Set up company profiles with statutory registration details.
  • Ensure compliance with local and international regulations.
• Cross-Border Transactions:
  • Manage transactions for inter-region and international operations.

Outcomes Upon completing this project, participants will:

1. Develop hands-on expertise in using Tally Prime 5.1 for financial management.
2. Understand inventory control mechanisms and improve operational efficiency.
3. Gain proficiency in managing receivables and payables, including credit management and aging analysis.
4. Master VAT, corporate tax, excise tax compliance, reconciliation, and return filing processes.
5. Learn payroll processing, statutory compliance, and report generation.
6. Build critical financial analysis and decision-making skills using real-world business data.
7. Acquire skills in handling import/export transactions and managing cross-border trade.
8. Implement profit margin and advance receipt management strategies.

Case Study: SAP FICO Customizing Project

Project Overview:

The client is a large corporation with three company codes, each representing a different legal entity or division. The client wants to streamline their financial accounting and controlling processes using SAP FICO. The organization structure is as follows:

• Company Codes: Three company codes representing different legal entities.
• Business Areas: Branches as business areas for distinguishing financial reporting.
• Profit Centers: Products mapped to profit centers to ensure profitability is tracked by product line.
• Segments: Products categorized into product categories, serving as segments for detailed reporting.

Key Requirements:

1. Financial Accounting (FI):

• Company Codes Setup: Configure three company codes to represent separate legal entities.
• General Ledger (G/L): Define G/L accounts, chart of accounts, and account groups for each company code.
• Tax Codes: Configure tax codes and link them to the relevant G/L accounts for local tax compliance.
• Bank Account Management: Set up bank accounts and establish payment terms for each company code.
• Posting Periods and Fiscal Year Variants: Define fiscal year variants, configure posting periods to control the periods in which transactions can be posted.

1. Controlling (CO):

• Cost Centers: Create cost centers for each branch or department.
• Profit Centers: Map products to profit centers for profitability analysis.
• Internal Orders: Configure internal orders to track and allocate costs related to specific projects or activities.
• Segments: Use product categories as segments for detailed business performance reporting.

Customization Steps:

Defining Organizational Structure:

1. Company Codes:

• Create three distinct company codes based on the organizational units.
• Each company code will be responsible for its own financial accounting and reporting.

1. Business Areas:

• Configure business areas for each branch to provide detailed reporting on the performance of specific branches.
• Business areas allow for differentiated financial reporting and cost tracking.

1. Profit Centers:

• Assign profit centers based on the different product lines.
• This enables profitability analysis per product, department, or project.

1. Segments:

• Define product categories as segments.
• This categorization allows for more granular analysis of revenue, cost, and profitability per product category.

FI Configuration:

1. Chart of Accounts:

• Define a global chart of accounts that can be shared across all company codes (if applicable).
• Customize the chart to ensure all financial transactions are posted correctly in the respective G/L accounts.
• Standardize account groups to facilitate smoother posting and reporting.

1. General Ledger (G/L) Accounts:

• Set up G/L accounts for all required transaction types, including assets, liabilities, revenues, and expenses.
• Define account groups for categorizing the G/L accounts, ensuring consistency across company codes.
• Set up automated postings for recurring transactions such as depreciation, amortization, or regular expenses.

1. Asset Accounting:

• Asset Master Data: Define asset classes (e.g., machinery, buildings, vehicles) and set up asset master records for each company code.
• Depreciation Areas: Configure depreciation methods (straight-line, declining balance, etc.) and assign depreciation areas for each asset class.
• Asset Transactions: Customize asset acquisition, retirement, transfer, and depreciation postings.
• Integration: Integrate asset accounting with the G/L for seamless asset capitalization and reporting.

1. Tax Configuration:

• Set up tax codes based on the legal requirements of the respective regions where the company operates.
• Link tax codes to relevant G/L accounts to ensure proper tax treatment on sales, purchases, and asset transactions.

1. Bank Account Configuration:

• Define and configure bank accounts for each company code and assign them to the relevant company code for cash management.
• Set up payment terms and methods to ensure efficient cash flow management and accurate payment processing.

1. Posting Periods and Fiscal Year:

• Configure fiscal year variants according to the client’s requirements.
• Define posting periods and assign them to the relevant company codes.
• Enable period closing functionality to control the opening and closing of periods in each company code.

CO Configuration:

1. Cost Centers:

• Define cost centers for different branches, departments, or projects.
• Create cost center groups to organize and structure the cost centers within each company code.

1. Profit Centers:

• Map each product line or division to a profit center.
• Enable profitability analysis by profit center for enhanced decision-making.

1. Internal Orders:

• Set up internal orders to track costs related to specific projects or activities.
• Use internal orders for allocations and cost tracking between cost centers.

1. Segments:

• Define segments based on product categories to ensure detailed reporting and analysis on the performance of different segments.

Configuration for AR, AP, and Banking:

1. Accounts Receivable (AR):

• Customer Master Data: Configure customer accounts, including payment terms, credit limits, and contact details.
• Invoice Posting: Set up AR to manage sales transactions, allowing invoices to be posted to the correct customer account.
• Payment Processing: Configure automatic payment programs for clearing open items and managing collections.
• Aging Analysis: Implement aging analysis for outstanding receivables to track overdue amounts and manage collections more effectively.

1. Accounts Payable (AP):

• Vendor Master Data: Set up vendor accounts, including payment terms, contact details, and bank information.
• Invoice Receipt: Configure AP to process incoming vendor invoices and ensure correct G/L postings.
• Payment Program: Customize the automatic payment program to manage vendor payments efficiently, ensuring all obligations are met on time.
• Aging Analysis: Set up vendor aging reports for better management of outstanding payables and vendor relationships.

1. Banking Module:

• Bank Account Management: Configure the Bank Account Management module to manage all company bank accounts in a centralized manner.
• Cash Management: Set up cash flow forecasting and liquidity management.
• Electronic Bank Statement: Implement the automatic upload and processing of bank statements for easy reconciliation of bank transactions with the financial system.

Testing and Validation:

1. End-to-End Testing: Perform thorough testing of all configurations, including:

• Posting of financial transactions in G/L, AR, AP, and asset accounting.
• Integration testing between FICO, MM, SD, and HR.
• Validation of tax calculations and reporting.
• Generation of financial reports (balance sheets, P&L) and segment-based reports.

1. User Acceptance Testing (UAT): Engage end-users to validate the system’s functionality and ensure it meets their needs.

                                                                            Excel Dashboard

Project 1 HR Dashboard

• Purpose: Track employee performance and HR metrics effectively to assist HR teams in decision-making.
• Features:

Employee Attendance Tracker: Maintain daily and monthly attendance records with conditional formatting to highlight absentees.

Performance Rating Distribution: Graphical distribution of employee performance ratings to identify high and low performers.

Recruitment Pipeline Status: Visualize the hiring process, including candidates interviewed, shortlisted, and hired.

Key Metrics: Calculate employee turnover rate, average tenure, and new hire success rate.

• Skills: Data organization using structured tables, conditional formatting for alerts, and pivot tables for analysis.

Project 2 Sales and Inventory Dashboard

• Purpose: Monitor sales performance and manage inventory levels efficiently to avoid stockouts or overstocking.
• Features:

Sales by Product, Region, or Salesperson: Break down sales data to identify top-performing products, regions, and sales staff.

Stock Levels and Reorder Alerts: Dynamic charts showing current stock levels and highlighting items below reorder thresholds.

Sales Targets vs. Achievements: Compare actual sales to targets using progress bars and conditional formatting.

Visualizations: Use stacked bar charts and line charts to display sales trends over time.

• Skills: Data filtering to isolate specific trends, forecasting using Excel functions, and creating visually appealing Excel charts.

Project 3 Accounts Receivable and Payable Dashboard

• Purpose: Manage outstanding invoices and payments to ensure smooth cash flow.
• Features:

Aged Receivables and Payables Summary: Categorize outstanding invoices by aging buckets (e.g., 0-30 days, 31-60 days).

Due Date Alerts for Invoices: Automatically highlight overdue invoices with conditional formatting.

Top Overdue Accounts: List of customers/vendors with the highest overdue amounts.

Payment Trends Visualization: Analyze payment patterns over time using line charts.

• Skills: Advanced functions like SUMIFS and IF formulas for categorization, pivot tables for summary, and dashboards for visualization.

Project 4 Customer Relationship Management (CRM) Dashboard

• Purpose: Track customer interactions, sales pipeline, and improve relationship management strategies.
• Features:

Lead Tracking: Monitor the status of leads (e.g., new, in progress, closed) and conversion rates.

Customer Segmentation by Purchase Value: Categorize customers into high-value, medium-value, and low-value segments.

Contact and Follow-Up Calendar: Schedule follow-ups and track completed and pending actions.

KPIs: Display key performance indicators such as customer retention rate, average purchase value, and total revenue per customer.

• Skills: Lookup functions for data retrieval, dropdown lists for quick data entry, and slicers for dynamic filtering.

Project 5 Expense Management Dashboard

• Purpose: Track and control expenses effectively for individuals or businesses.
• Features:

Monthly Expense Breakdown by Category: Categorize expenses into groups like rent, utilities, salaries, and analyze spending trends.

Comparison Against Budget: Show budget vs. actual expenses with variance analysis.

Expense Trends Over Time: Visualize spending patterns over months or quarters using line charts.

Alerts for Exceeding Budget Limits: Use conditional formatting to highlight categories exceeding their budgets.

• Skills: Data validation for structured inputs, IFERROR for error handling, and dynamic charts for trends.

Project 6 Student Performance Dashboard

• Purpose: Evaluate and monitor academic performance to support students and educators.
• Features:

Grades and Attendance Tracking: Maintain records of grades and attendance for individual students and classes.

Top-Performing Students by Subject: Highlight the best performers in each subject or overall.

Comparison of Average Scores Across Classes: Analyze class averages to identify trends or areas needing improvement.

Visualizations: Use line charts for academic progress and heat maps for attendance trends.

• Skills: Weighted averages for accurate grade calculations, conditional formatting for attendance patterns, and Excel templates for easy data entry.