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Diploma in Financial Accounting & Business Taxation (DFABT)


Financial Accounting & Business Taxation is one of the most desirable streams by students and young professionals, and there are many career opportunity will open after Diploma in accounting and business taxation course that can help you to make the right move in the industry. NIFM is a top-most reputed institute in financial accounting & business taxation for a decade in India. NIFM has widespread branches for accounting offline and online classes covering all major cities in India, including Delhi, Mumbai, Ahmedabad, Pune, Thane, Nagpur, Agra, Lucknow, Jaipur, and Dehradun, Hyderabad, Rajkot, Agra, Lucknow, Kanpur, Chandigarh, Chinddwara, Kerala, Bangalore, Kolkata, Navi Mumbai, Varanasi, Sikar and saharanpur.
NIFM beginner to advance level Accounting & finance courses will open the uncountable doors of career opportunity for students. Diploma in Financial accounting covers all basics of accounting to advance knowledge. Candidate can enroll for these courses after 12th, graduation, under graduate students also can apply NIFM offline and online training classes. 

If you have a desire to be an E-accountant, then you must choose NIFM to pursue the E-accounting course. We are one of the best training centers for an E accounting in India that can help you gain the essential skills to be an accountant in a reputed corporation. The knowledge of accountancy along with taxation (direct tax and indirect tax) with GST course not only makes competent employees but make better professional Accountant or E-Accountant. NIFM Placement cell ensures students get placement assistance in CPA firms, CA firms , other financial institutions, big and small business houses, corporate, and many others.

Financial Accounting Course Highlights


- Career/Job Oriented Course
- Curriculum based on 80% practical trainings & 20% theoretical
- Expertise you in modern book keeping
- Computerized entry and finalise reports
- Training by industry experts
- Faculties over 10+ years of experience
- Lifetime support from faculties
- Placement assistance in companies & CA firms
- Flexibility in batch days & timing with offline & online classes
- Tally Prime/ERP9 software practical training 
- Smart, well-equipped classrooms with audio-video aids
- Consolidated learning with assignments.
- Good infrastructure and supportive management
- Individual attention to each student
- Low batch strength
- Availability of weekend batches
- Get help to start business as accounting & income tax professional if required
- Coverage of all practical as well as theory classes
- Certification from NIFM
- Certification from Tally (Tally Exam Cost to be borne by students separately (If student needs certification from Tally), apart from NIFM course fees)

PROGRAM FEE STRUCTURE

•Program Fee – Rs 50,000  +  GST ( In 4 Installment )

•Program Fee – Rs 40,000  +  GST ( One Time Payment )

Note: Tally Exam Cost to be borne by students separately (If student need certification from Tally), apart from NIFM course fees above.

•Program duration – 6 Months

Who Should Enroll for the Course?


- Students
- Undergraduates
- Graduates
- Working Professionals 
- Entrepreneur
- Business Man
- Housewife
- Freelancer
Professionals can also enroll for advance accounting course to upgrade themselves with trends/strategies.

WHAT YOU WILL GET?

 

- Diploma in Financial Accounting & Business Taxation Certification from NIFM

- Certification from Tally (Tally Exam Cost to be borne by students separately (If student needs certification from Tally), apart from NIFM course fees)

- Practical Industrial Training
- Complete hands-on experience on Tally Prime/ERP9
- Computerized Entry and Finalise Reports.
- E–Filling of GST with Automations of Periodical Filling.
- Get assistance in future when something new arrives in market

Get Working Experience on Software:
1. Tally Prime/ERP 9 with GST
2. Tally Prime/ERP 9 with TDS & TCS

4. Govt utility for GST

DETAIL CURRICULUM

Module-1
Business Accounting

 Basics of Accounts
 Accounting Concepts
 Types of Accounts
 Basics of Tally Prime/ERP9
 Creation / Setting up of Company in Tally Prime/ERP9
 Creating Accounting Masters in Tally Prime/ERP9
 Setting up Accounts Heads
 Group & Ledger Creation
 Voucher Entry
 Debit & Credit Note
 Creating Inventory Masters in Tally Prime/ERP9
 Stock Groups, Godowns / Locations
 Unit of Measure Stock Items
 Advance Accounting in Tally Prime/ERP9
 Bill Wise Details
 Cost Centres and Cost Categories
 Invoice Entry using voucher categories
 Payment vouchers using voucher classes
 Stock Journal using vouchers classes
 Adjusting Forex Gain / Loss 
 Bank Reconciliation 
 Interest Calculation
 Creating a Group Budget
 Order Processing in Tally Prime/ERP9
 Sale / Purchase order processing
 Display Columnar orders & Stock Details
 Reorder Levels
 Tracking Numbers
 Bill of Materials
 Price Levels & Price Lists
 Stock Valuation
 Zero valued Entries
 Point of Sale (POS)
 Shortcut keys
 


 Module-2 (GST & TDS/TCS with Tally Prime/ERP9)

GST with Tally Prime/ERP9
 What is Goods & Service Tax Act 2017
 Types of Taxes under GST
 How will GST work in Tally Prime/ERP9 ?
 Introduction to GST Invoice
 Invoice format under GST Regime
 How to Pass Accounting Entries under GST 
 Introduction to Credit Note in GST
 Credit Note in GSTR1
 Input Tax Credit & Payment in GST
 Bill of Supply in GST
 E-way bill in GST
 Introduction to GSTR1
 Introduction to GSTR3B
 Introduction to GSTR2A/2B
 Generate Eway Bills using Tally Prime/ERP9
 Generate E-Invoice
 Composition Scheme Under GST
 Reverse Charge Mechanism (RCM)

  

TDS with Tally Prime/ERP9

 TDS Process
 TDS Features in Tally Prime/ERP9
 Enabling TDS in Tally PrimeERP9
 Recording Basic TDS Transactions
 Transactions Involving TDS
 Generating TDS Challan
 Payments of TDS
 Recording Advanced TDS Transactions
 Adjustments in TDS
 TDS on Expenses with Inventory
 TDS on Sales Commission
 TDS on Professional Fees
 TDS on Rent
 TDS on Contractors
 TDS on Interest
 TDS on Salary
 Reversal of Excess TDS Deducted
 TDS Reports
 Computation of TDS
 TDS Working Sheet in Excel
 Challan Reconciliation
• Out Standing (TDS Payable)
 TDS Not Deducted
 

Module-3 (Payroll & Income Tax with TallyPrime/ERP9)
Payroll with Tally Prime/ERP9

 Payroll Accounting & Compliance
 Employee Pay head Break up 
 Configuring Payroll in Tally Prime/ERP9
 Processing Payroll in Tally Prime/ERP9
 Accounting for Employees PF Contribution 
 Processing Employer PF Contribution
 Accounting for Employer ESI Contributions
 Processing Employer ESI Contribution
• Generating Payroll Reports
 Pay Sheet
 Generating Salary Slip
 Payroll Statement
 Payroll Register

 

Income Tax on Payroll with Tally Prime/ERP9

 Introduction to Income Tax on Salary
 Configuring Income Tax in Tally PrimeERP9
 Income Tax Master Configuration
 Employees Income Tax Declarations 
 Tax Configuration
 Pay Head creation for Income Tax Deduction 
 Processing Salary with Income Tax Deduction
 Income Tax Reports

 
 

Module-4
Goods & Services Tax (GST) E-Filing

 Introduction of Goods & Services Tax (GST)
 Structure of GST
 Invoicing in GST
 Input Tax Credit & Payment in GST
 Matching of GSTR2A,2B with GSTR3B
 Correction in GSTR1 through GSTR1A
 GSTR1 Reconciliation
 GST Return Filing GSTR1, GSTR1A, GSTR3B
 Composition Scheme Under GST
 Reverse Charge Mechanism (RCM)
 E-Way Bill under GST
 Registration under GST

Career Opportunity

Career Opportunities after Diploma Accounting & Business Taxation Course


1. Accounts Executive
2. GST Practitioner
3. TDS Practitioner
4. Income Tax Practitioner
5. Accountant
6. Asst. Accountant
7. Junior Accountant
8. Senior Accountant
9. Financial Manager
10. Financial Analyst
11. Tax Professional
12. E-Accountant

Eligibility Criteria for Admission:


Candidate should have minimum qualification of 10+2, Undergraduate or Graduation and well versed with computer, MS Office & Internet.

NIFM offers various accounting courses with different duration.

Advance Diploma in Financial Accounting & Taxation Course

Diploma in Taxation

Certified GST Professional

Certified Accounts Professional

Admission Inquiry

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