Course Modules – Advance Diploma in Accounting, Finance & Taxation (ADAFT)
The ADAFT course includes ten modules and ten projects, with over 150 hours of practical training. The modules cover all essential aspects of accounting concepts, Income Tax, GST, Audit & Corporate Law ensuring a thorough understanding and practical application.
Module 1: Accounting Concepts
- Fundamentals of accounting entries and core accounting concepts.
- Preparation and management of various accounting registers such as Vouchers, Cash Book, Bank Book, Journal Register, Purchase/Sale Register, Fixed Assets Register, and Stock Register.
- Creation of Bank Reconciliation Statements, Purchase Orders (PO), Sales Invoices, and Quotations.
- Practical Q/A on accounting concepts.
Module 2: Financial Statements
- Preparation of Trading Accounts and Profit & Loss Accounts.
- Drafting of Balance Sheet and introduction to the regulatory requirement of Balance Sheets.
- Learning depreciation work out and accounting entries of depreciation.
- Learning analysis of Balance Sheet, PL A/c and introduction to key ratios.
Module 3: E-Accounting with Tally
- Introduction and practical guide to Tally ERP software.
- Company creation in Tally software.
- Posting entries, creating, viewing, and amending ledgers in Tally.
- Creating groups and cost centres and extracting various reports using Tally software.
- Learning invoice preparation using Tally software.
Module 4: Income Tax
- Introduction to Income Tax.
- Determining the Residential Status of an assessee.
- Understanding various Heads of Income.
- Deductions from Total Income.
- Set-off and carry forward of losses.
- Computation of Income Tax.
- Introduction to the Income Tax portal.
- Understanding Tax credit statements & AIS/MIS.
- E-Filing of Income Tax Returns & Forms.
- Concepts and computation of TDS.
- Generating TDS Challans.
- PAN application and its procedure.
- Preparing Challan 281 and 280.
- Introduction to Tax Audit procedures.
- Forms 3CD, 3CA & 3CB.
- Income Tax assessment procedures.
- Handling Income Tax notices.
Module 5: Goods & Service Tax
- Introduction to GST.
- GST registration process and filing of various GST returns.
- Understanding concepts of Supply and Input Tax Credit (ITC).
- Meaning and scope of Supply & Value of Supply.
- Introduction to GST credit statements and ledgers.
- ITC under GST & Reverse Charge Mechanism (RCM).
- Invoicing and Tax payment under GST regime.
- Scope of Credit Notes & Debit Notes under GST.
- Online preparation and filing of GST returns.
- Data reconciliation and handling mismatches.
- E-Invoicing under GST regime.
Module 6: Payroll & Provident Fund/Labour Laws
- Preparation of payroll sheets.
- Introduction to PF & ESI and its use in payroll sheet.
- Preparation of Salary Slip.
- Maintenance of payroll records.
- Introduction to PF & ESI registration and its compliances.
Module 7: Auditing & ROC
- Introduction to audit and type of audits.
- Significance of audit for corporate & business.
- Preparing different audit reports.
- Registration process of companies to ROC.
- Introduction to ROC records such as Board Resolution, Minutes, and registers.
Module 8: Capital Market
- Introduction to Stock market.
- Introduction to D-Mat Account.
- Concept of share, mutual fund & other funds in stock market.
- Concept of trading and investments in stock exchanges.
- Concept of IPO and listing of shares.
- Live trading session with real-time examples.
Module 9: Basic Computer Course
- Introduction to computer hardware and software.
- Practical training on MS Word and MS Excel, focusing on their use in industrial accounting.
- Skill development in business correspondence via email.
- Data preservation techniques and digital record backup training.
Module 10: Live Projects & Workshop
- Practical training using live data from companies.
- Learning real-time returns preparation on Govt. authorized portals.
- Engagement with live projects
- Business correspondence and departmental presentation.
- Workshop on communication and skill development program.