New Events:-
SERIES


**

Vocational Certificate In Corporate Accounting

Syllabus

                                                                                                      -

   ,ELIGIBILITY -10 TH PASS

 

Unit

Topics

Unit1

Introduction to Accounting Need for Accounting-definition features, objectives functions, and scope of accounting

Unit2

Bank reconciliation statement need of BRS, Final Account: meaning , Trading Account , Profit & Loss Account and Balance sheet, Accounting of Incomplete books

Unit 3

Preparation of Income & Expenditure A/c with Balance sheet Joint Ventures- features.

Unit 4

Income –tax Payment and Assessment

Total Credit

                                                                                                                          

Unit-1

Introduction to Accounting Need for Accounting-definition features, objectives functions, and scope of accounting

Module 1

Introduction to Accounting Need for Accounting-definition

Module 2

features, objectives

Module 3

functions, and scope of accounting;

Module 4

Branches of accounting, Advantages and limitations of Accounting

Module 5

Accounting Principles:Accounting concepts and conventions.

Module 6

Accounting process, An Introduction to AS.

Module 7

Journal, Ledger and Bank reconciliation statement

Module 8

Rules for recording (Journal) the transactions-

Module 9

One Book Journal for small business

Module 10

Subsidiary books journal for large business

Module 11

Types of Journal Entries.

Module 12

Ledger:- Opening of Accounts,

 

Unit-2

Bank reconciliation statement need of BRS, Final Account: meaning , Trading Account , Profit & Loss Account and Balance sheet, Accounting of Incomplete books

Module 1

Posting from one Journal book & subsidiary books to Accounts.

Module 2

Bank reconciliation statement

Module 3

need of BRS, reasons of difference between Cash Book & Pass Book Balances

Module 4

Ascertainment of correct cash book balance

Module 5

Trail Balance, Error and Rectification, Final Accounts

Module 6

Trail Balance:- Meaning, objectives, , , , , feature, uses and preparation of Manufacturing,

Module 7

methods of preparation Errors & their rectification:- Types of errors

Module 8

two sided & one sided errors, Suspense Account

Module 9

Rectification before & after final accounts

Module 10

effect on profit.

Module 11

Final Account: meaning , Trading Account , Profit & Loss Account and Balance sheet, Accounting of Incomplete books—Meaning , features & methods (Capital & Conversion)

Module 12

Trading Account , Profit & Loss Account and Balance sheet, Accounting of Incomplete books—Meaning , features & methods (Capital & Conversion)

                                                                              

Unit-3

Preparation of Income & Expenditure A/c with Balance sheet Joint Ventures- features.

Module 1

Trading Account , Profit & Loss Account and Balance sheet, Accounting of Incomplete books—Meaning , features & methods (Capital & Conversion)

Module 2

Final account of Non-Trading Organization, Preparation of Receipt & Payment A/c

Module 3

Preparation of Income & Expenditure A/c with Balance sheet

Module 4

Joint Ventures- features- difference between joint venture and consignment,

Module 5

. Accounting procedure- methods of keeping records for joint venture

Module 6

, account – method of recording in co ventures books- separate set of books methods.

Module 7

Depreciation- Provision and Reserves: Meaning of Depreciation , Causes-objects of providing for depreciation – Factors affecting depreciation

Module 8

Accounting treatment- methods of providing depreciation- , straight line method – Diminishing balance method ,

Module 9

provisions and reserves – Reserve fund- Different types of provisions and Reserves .

Module 10

Accessibility Criteria : Definitions, Basic concept, person, Assessment year; previous year, assesses, Residential status; Incidence of tax, income exempt from tax  .

Module 11

Computation of Income Under Various Heads : a. Income under head salary: Meaning of salary, Basis of charge of salary income,

Module 12

different forms of salary, different forms of allowances, perquisites, permissible deductions from salary income, tax treatment of provident fund & approved superannuation fund,

                                                                                                           

Unit-4

Income –tax Payment and Assessment

Module 1

special tax treatment of salary income of non resident technicians, deduction under section-80C, FBT (Fringe Benefits Tax).

Module 2

Income from house property: Basis of charge, property income not charge to tax, basis of computing income from let out house property, computing income from self occupied property.

Module 3

Profits and gains of business or profession: chargeable incomes;

Module 4

expenses expressly allowed as deduction; general deductions; expenses specifically disallowed; compulsory maintenance of accounts

Module 5

, compulsory audit, assessment in special cases, (retail, transport, exploration of mineral oil) Computation of taxable income as profit and gain from business or profession.

Module 6

Capital gains: Meaning of capital asset, valuation of capital asset; transfer, considered to be transfer, chargeability; computation of capital gain: short term and long term; computation of tax on capital gains. Exemption from capital gains.

Module 7

Income from other sources: basis of charge; chargeable incomes; specific deductions; amount not deductible; computation of taxable income from other sources.

Module 8

Computation of net taxable income: computation of total income, carry forward and set-off of losses and deductions under sec 80 and net taxable income and tax thereof

Module 9

Cases of Indian as well as foreign companies, provision of minimum alternate tax and declaration and payment of dividend, Tax provision in case of mergers, acquisition or amalgamation of company.

Module 10

Income –tax Payment and Assessment : Tax deduction at source; advance tax; self-assessment tax; assessment procedure regular and best judgment assess revision, rectification and appeal, provision relating to interest and refund of tax.

Module 11

Tax Planning Tax planning in capital budgeting decision, leasing, hire purchase or buy decision raising of capital: equity, debt or preference share, transfer pricing and its impact.

Module 12

Companies Computation of taxable income, residential status of company, taxable income and tax liability, tax on income received from venture capital companies and venture capital funds.