Markup Accounts and Taxation Course

1. Planning for better career prospects - (a) Accounting software knowledge, (b) Knowledge of Accounts, Taxation and allied subjects, (c) Involvement in work, Self learning and Skill development and (d) Strategy for promotion and job change.
2. Understanding debit credit with reference to Statement of Profit & Loss and Balance Sheet. Preparation of Balance Sheet in Schedule III format from a Trial Balance of about 10 pages.
3. Raw material, Work-in-progress and finished goods rate workings and Stock valuations.
4. Accounting of regular interest & cumulative Bank Fixed Deposits and control statement. Issues relating to different types of Bank loans including Term Loans and Cash Credit.
5. Various issues related to accounts and taxation - Foreign currency transactions, Accounting of expenses at the time of payment and through party accounts, Cash handling, Bank balance working for issue of cheques, Debit Notes, Bad debts, Prior period adjustments etc.
6. Gratuity rules, Bonus rules, Bonus percentage working and Bonus set-on set-off working.
7. Depreciation workings for accounting purpose and Depreciation workings for Income tax purpose.
8. Goods and Services Tax - (a) Important aspects relating to Imports, Exports, Stock transfers, Job work etc., (b) Meaning, importance and implications of Place of supply and Time of supply of goods and services. (c) Negative list of goods and services, Exempted goods and services and Reverse charge, (d) Important aspects relating to Outward supplies, Inward supplies and Matching of Input Tax Credit, (e) Sales accounting and Sales Registers for different types of sales, (f) Purchase accounting and Purchase Registers for different types of purchases and (g) Guidance for filing GST Returns. 
9. Income tax provisions relating to (a) Capital contributions, (b) Receipt of loans/deposits, (c) Repayment of loans/deposits, (d) Payment of loans and (e) Disallowances under sections 40A(3), 40(a)(ia), 43B and general disallowance.
10. Important Income tax provisions relating to Capital gains, Special rates and normal rates of tax, Marginal relief, Taxation of agricultural income, Taxation of partnership firms, Advance tax working, Computation of income, Minimum alternate tax, Interest on Income tax refunds, Interest and late fees payable u/s 234A/234B/234C/234F, TDS, Deferred tax etc.
11. Tax Audit requirements - Reconciliations and preparation of statements for Tax Audit purpose.
12. Important provisions of the Companies Act , Company law returns and Statutory registers
13. Schedule III requirements and preparation of Balance Sheet and Statement of Profit and Loss as per Schedule III requirements. Comprehensive knowledge of account groups and account heads with reference to about 100 account groups and 350 account heads. 
14. Finalisation of accounts - (a) Planning for finalisation, (b) Collection of reports, certificates etc., (c) Finalisaion of accounts by preparing about 75 statements, (d) Finalisation of individual accounts not covered in statements and (e) Ledger account scrutiny and scrutiny with reference to previous year figures. 

Loan Scholarship              

 Following persons can avail 70% Loan Scholarship

    (a)  Fresh/unemployed B.Com graduates with 70% marks

    (b)  B.Com graduates with 70% marks employed with a salary of less than Rs.10,000/- per month.