Finance & Accounts

This course is designed to make you a qualified Finance and Accounting professional. You will learn core concepts, terminology & principles, practices & processes, financial statements, balance sheets, cash flow statements, advanced finance & accounts areas like working capital, loans, project reports, taxation, law & personal administration and managing business under statutory regulations. This course will also focus on enhancing your communication skills so that you are able to perform efficiently in your career.

Available Courses

Introduction

Few courses have stood the test of time and Finance is one such course. The words business and finance have had a hand in glove relationship ever since the advent of enterprises. It goes without saying that Finance is a vast subject which has to be covered from end to end to execute financial profiles proficiently. The DFAA will hone you into an expert by familiarizing you with all practices, processes and principles associated with finance and accounting.

Audience

Programs for College Students

Pre-requisites

Preferably from Commerce stream

Exit Profile

Industry relevant multi-faceted Finance and Accounting Professional

Course Name

Principles of Accounting and Finance

Course Description
  • Understand Accounting principles & entries
  • Create vouchers, ledger & trial balance
  • Create Rectification & final adjustment entries
  • Prepare P&L, B/S and Cash Flow statements
  • Prepare Financial Statements
  • Prepare Annual Report & its components
  • Understand and use Principles of Depreciation and Ratio Analysis.
Course Name

Overview of Capital Markets and Investment

Course Description
  • Understand types of securities; trading in shares & derivatives
  • Understand types of Mutual Funds; use of liquid funds
  • Understand Investment principles
Course Name

Overview of Banking and Insurance

Course Description
  • Understand types of customers, accounts and negotiable instruments
  • Perform Interest calculation
  • Perform Clearing and reconciliation
  • Understand Cash Management services
  • Understand Modern Banking - internet, NEFT, RTGS
  • Understand Principles of Life and General Insurance
Course Name

Basics of Information Technology

Course Description

Use IT and common software in a commercial environment

Course Name

Accounting Practice

Course Description
  • Create Company accounts proforma
  • Understand and perform Audits, internal audit processes, closure of audit reports
  • Understand and apply Costing concepts such as activity-based costing, cost sheet, marginal costing
  • Understand and use Export-import accounting - Letters of Credit, bill of lading, customs formalities, ECGC & EXIM bank.
Course Name

Application Software in Finance and Accounts

Course Description
  • Navigation through popular F&A software (eg, Tally), with hands-on practice sessions and specified exercises
  • Allows a student a learn accounting, unified ledgers, book keeping, comprehensive accounting, receivables & payables. Idea about inventory management and payroll accounting
Course Name

Professional Communication

Course Description
  • Learn Verbal & written communication skills
  • Learn techniques for presentations, discussions & interviews
  • Learn report-writing. Learn grooming and professional etiquette
  • Understand customer servicing and negotiation skills
Course Name

Advanced Finance and Accounts

Course Description
  • Understand working capital & term loan assessment
  • Grasp Inventory norms, CMA statements
  • Understand Financial Projections and Project Preparation
  • Understand Exim forward contracts and factoring
  • Comprehend ICAI Accounting Standards, US GAAP and IFRS
Course Name

Taxation Practices and Procedures

Course Description
  • Understand Taxation basics
  • Comprehend TDS, PAN, TAN, and other payment methods
  • Understand Income tax, FBT, efiling of IT and TDS returns
  • Understand Excise - central excise rules & documentation and custom bonding
  • Comprehend VAT, Service tax, Professional Tax, Works Contract Tax
Course Name

Law and Personnel Administration

Course Description
  • Grasp PF, ESI, Gratuity, Bonus, Contract Labour and other Labour laws
  • Understand maintenance of records, preparation of statements, filing of returns
  • Understand Payroll preparation, PF and eTDS statements
  • Comprehend Shop & Establishment and Factories Act and their procedures
Introduction

Financial Accounting is here to stay and will only grow in expanse with time. With a Diploma in ERP using Tally, you will evolve with the ever growing knowledge of financial accounting. As this program was originally intended as a thorough grooming program, it also works on improving your communication skills as there is nothing as powerful as an informed professional who can communicate effectively. It's time for you to become one such professional.

Audience

Programs for College Students

Exit Profile

Acquires the necessary knowledge and skills required for effectively manage accounting, inventory, tax and payroll on computers using Tally.ERP 9

Course Name

Business Process Fundamentals

Course Description
  • Identify functions and processes within a business organization
  • Identify the role of Information Systems in business processes
  • Understand Enterprise Resource Planning
  • Identify the processes involved and role of Information Systems in Sales and Marketing
  • Identify the processes involved and role of Information Systems in Production
  • Identify the processes involved and role of Information Systems in Logistics Planning
  • Identify the processes involved and role of Information Systems in Human Resource
  • Identify the processes involved and role of Information Systems in Financial Accounting
  • Identify the processes involved and role of Information Systems in Supply Chain Management
Course Name

Accounting on Computers Using Tally.ERP 9

Course Description
  • Describe the main features and components of Tally.ERP 9
  • Create and maintain features and components of Tally.ERP 9
  • Create and maintain the company information required by Tally.ERP 9
  • Use the basic features of the Tally Accounting System to create and maintain the chart of accounts and Enter voucher details
  • Use the basic features of the Tally.ERP 9 Inventory System to Create and maintain the inventory masters and Enter voucher details
  • Describe the advanced features and components of Tally.ERP 9.
  • Maintain bill and invoice details and track receivables and payables
  • Create and maintain cost-centres
  • Create and maintain multiple currencies
  • Create and maintain multiple stock godowns and stock points
  • Create and Maintain Budgets and scenarios
  • Perform interest calculations
  • Record Service Tax transactions and generate Service Tax reports and challans
  • Record TDS/TCS transactions and generate TDS reports and challans
  • Describe various terms related with excise
  • Record excise transactions for dealers
  • Generate excise invoice and related statutory reports Record excise purchase and sales for manufacturers
  • Understand and use payroll accounting & statutory features in Tally.ERP 9
Course Name

Advanced Excel

Course Description
  • Organize and Manipulate Data
  • Perform Calculations with advanced formula
  • Organize worksheet and table data
  • Designing and creating a portal site to publish business data on portal site
  • Organize and manage business data on portal sites
  • Programming using VBA
  • Write code to manipulate Excel objects Analyze and Present Data
  • Create and modify charts
  • Analyze data using Pivot Tables and Pivot Charts
  • Insert graphic objects and enhance workbooks
  • Increase productivity and improve efficiency by streamlining your workflow
  • Present information on dashboard from conventional and LOB applications
Course Name

Communicating with an Impact

Course Description
  • Understand the basics of communication
  • Appreciate the importance of effective communication
  • Learn the art of listening ·Learn the art of effective conversation
  • Understand the importance of questioning and paraphrasing
  • Understand the importance of communication in persuasion and negotiation
  • Communicate effectively over a telephone
  • Communicate effectively through writing
  • Prepare and deliver an effective presentation
  • Participate in a meeting and conduct a meeting effectively
Introduction

With market saturation becoming an integral part of career development, traditional courses such as B.Com are fast becoming ineffective without a complimenting course. DIAFM is one such complimenting course by NIIT which is rapidly helping Finance and Account students gain an edge in the market. With DIAFM, you can now learn the ropes of contemporary financial application, while still retaining the tradition values and knowledge of finance and accounts

Audience

Programs for Commerce Undergraduate

Pre-requisites

Working knowledge of Computers and Windows

Exit Profile
After completing this program, the student learners will be able to:
  • Efficiently use common productivity tools in their professional work environment and demonstrate their knowledge on creating wide range of documents, organizing and storing information, creating effective presentations etc.
  • Identify common business processes and the role of information systems in automating, standardizing, and monitoring them.
  • Organize, summarize, analyze, present & manage business data using varied tools and techniques
  • Process financial transactions in a computerized financial accounting environment using 'Generally Accepted Accounting Principles'
  • Use advanced reporting and analytical methods designed to improve business performance or reduce risk
  • Effectively communicate and collaborate in a business environment, demonstrate interpersonal and essential professional skills as customer handling, work planning and time management In addition, students will have an option of pursuing an Elective course to explore advanced topics such as:
    1) Corporate finance and applied techniques used in management accounting
    2) Essentials of Enterprise Resource Planning
Introduction

Working with Tally. ERP has its advantages and you can turn them in your favour with this program. On completion, not only will you be able to handle accounts and inventory effectively, but you'll also be able to comprehend the intricate workings, needs and processes behind them. With the workings of Tally. ERP 9, you know that you'll be the undisputed specialist in your field.

Audience

Graduates

Pre-requisites

A commerce graduate with ability to interact in English in a classroom environment.

Exit Profile

After completing this course, the learner acquires the necessary knowledge and skills required for effectively manage accounting and inventory.

Course Name

Personal Computing and Networking Essentials

Course Description
  • Identify functions and processes within a business organization
  • Identify the role of Information Systems in business processes
  • Understand Enterprise Resource Planning
  • Identify the processes involved and role of Information Systems in Sales and Marketing
  • Identify the processes involved and role of Information Systems in Production
  • Identify the processes involved and role of Information Systems in Logistics Planning
  • Identify the processes involved and role of Information Systems in Human Resource
  • Identify the processes involved and role of Information Systems in Financial Accounting
  • Identify the processes involved and role of Information Systems in Supply Chain Management
Course Name

Working with Tally.ERP Level 2

Course Description
  • After completing this module, the students will be able to: 1) Record Service Tax transactions and generate Service Tax reports and challans
    2) Record TDS/TCS transactions and generate TDS reports and challans
    3) Describe various terms related with excise
    4) Record excise transactions for dealers
    5) Generate excise invoice and related statutory reports
    6) >Record excise purchase and sales for manufacturers
    7) Accounting on Computers Using Tally.ERP 9 - Volume 4
  • After completing this module, the students will be able to:
    1) Use payroll accounting features in Tally.ERP 9
    2) Understand and use payroll-related statutory features in Tally.ERP 9
Course Name

Accounting on Computers with Tally.ERP 9 - Volume 2 : Advanced Accounting, Inventory and VAT

Course Description
  • After completing this module, the students will be able to:
    1) Describe the advanced features and components of Tally.ERP 9
    2) Maintain bill and invoice details and track receivables and payables
    3) Create and maintain cost-centres
    4) Create and maintain multiple currencies
    5) Create and maintain multiple stock godowns and stock points
    6) Create and Maintain Budgets and scenarios
    7) Perform interest calculations
Introduction

Finance and Accounting are the languages of today's business. Organizations require professionals who understand these well and can contribute effectively to manage and control their business ambitions. Today's work environment is characterized by increasing globalization, intense competition, demanding value, and quality-conscious customers. In addition, an increasing use of technology requires smarter thinking and performance. The overall growth of the Indian economy and its various sectors has triggered a huge demand for skilled Finance and Accounting professionals. Most organizations are aggressively searching for a multifaceted modern Finance and Accounts professional who has the following attributes: management of customer relationships, application orientation, and knowledge of Financial and Accounting practices. Diploma in Corporate Accounting and Applied Finance, enables the Commerce student with the necessary aptitude, skills, and attitude to help differentiate and demonstrate unique capabilities that distinguishes him/ her from others.

Audience

Programs for B.Com students

Pre-requisites
  • Candidate should be pursuing B.Com in Undergraduate degree (First Year /Second Year of B.COM)
  • Candidate should have secured >=50% in Class XII. For North eastern India, the Class XII marks has been relaxed to >=45%
Exit Profile

Systems Administrator

Some of the Role & Job profiles that students can attempt to enroll post successful completion of the program and academic studies:
  • Finance & Accounts Executive
  • Accounts Executive
  • Finance Executive
  • Executive Accountant
  • Accountant

Semesters

Course Name

Diploma in Corporate Accounting and Applied Finance

Course Description
Principle of Finance and Accounts In this program, it is imperative to understand and learn a range of topics on core concepts, terminology & principles, practices and processes, financial statements, balance sheets, cash flow statements, and understanding the accounting standards. In the course the learner will be able to:
  • Introduce Financial Accounting concepts
  • Double entry book keeping systems
  • Trial Balance, adjusting entries
  • Methods of Depreciation
  • Profit and Loss A/C , Balance sheet
  • Financial Statement Analysis
  • Ratio Analysis
  • Cash flow analysis
  • Accounting standards
  • Understand financial statements
  • Understand funds flow statement
  • Understand Fixed Asset Financing
  • Role of Banks
Course Name

Diploma in Corporate Accounting and Applied Finance

Course Description

Workplace Essentials

In a competitive work environment, you have to demonstrate the capabilities of an efficient and smart worker. Certain workplace essentials are considered inherent attributes for today's worker, such as managing files and documents, organizing and storing contacts information, efficiently organizing and searching for information - whether stored in the form of digital notes or available online. Structuring data into information and efficiently presenting the same in the form of an effective presentation is yet another key skill. This course provides the knowledge on various workplace essentials and introduces various personal computing devices, which have proliferated in every aspect of our life. Furthermore, this course enables learners use productivity tools for creating, managing, storing, presenting, and sharing information, which will help them work efficiently at their work place. After completing this course, the learners will be able to:

  • Identify personal computing devices and understand the significance and use in their day-to-day work environment
  • Maintain contacts information in the digital address book
  • Appropriately manage and maintain files & folders
  • Rename files maintain version control on documents
  • Create & maintain digital notes, letters, mailers and other documents
  • Create & maintain minutes of meetings, financial reports/charts, presentations and other related documents
Course Name

Diploma in Corporate Accounting and Applied Finance

Course Description

Business Analysis: Tools & Techniques
Fast and effective business decisions are key factors in today's scenario for any organization. Any delay will result in losing an opportunity for business growth. Finance and Accounts play a major role to take and consider calculative and risk-based decisions. Organizations require accurate and current information to take quick and effective business decisions. It is the function of Finance and Accounts professionals to gather, organize, create, analyze, and present the desired financial information to resolve effective business decision making. One of the most effective and efficient tools, such as Microsoft Office Excel, enables you to streamline and enhance organizations reporting needs with worksheets, tables, financial formulas, intrinsic functions, and charts, which allow the data to be organized and analyzed in varied formats.

This course builds the desired skills required to extract meaningful information from business data, which involves gathering, organizing, and analyzing different types of information. The course describes the means and ways through which the information can be represented in an easy-to-analyze format. Furthermore, this course also elaborates specialized and advanced capabilities of Excel by automating some common tasks, applying different analysis techniques in a business environment. After completing this course, the learners will be able to:
  • Organize, analyze and present business data for operations and reporting purposes
  • Perform "what-if" & goal-seek analysis for developing financial plans
  • Use tools & techniques to process and enhance the usefulness of business data
  • Employ new approaches for tabulating and managing business data
Course Name

Diploma in Corporate Accounting and Applied Finance

Course Description

Essentials of Business Processes

Every organization has various business processes and functions that are integral to its smooth functioning. These business processes are created, managed, and implemented by the employees in the organization. An understanding of common business processes will help an individual to implement and maintain these processes effectively. Organizations use different Information Systems to achieve business process specific goals. This course discusses some common business processes, such as Sales & Marketing, Production Planning, Financial Accounting, Supply Chain Management, and Human Resources. In addition, this course covers the role of Information Systems in automating, standardizing, and monitoring these processes.

After completing this course, the learners will be able to:
  • Identify functions and processes within a business organization
  • Identify the role of Information Systems in business processes
  • Understand Enterprise Resource Planning
  • Identify the processes involved in Sales and Marketing
  • Identify the processes involved in Production
  • Identify the processes involved in Logistics Planning
  • Identify the processes involved in Human Resource
  • Identify the processes involved in Financial Accounting
  • Identify the processes involved in Supply Chain Management
Course Name

Diploma in Corporate Accounting and Applied Finance

Course Description

Computerized Financial Accounting

The financial strength and status of an organization indicate the stability, reliability, and future prospects of the organization. Therefore, every financial transaction, investments, and funds need to be efficiently managed and maintained. A computerized accounting package enables finance and accounting professionals to maintain books and records accurately for all business transactions for an organization. The course briefly covers 'Generally Accepted Accounting Principles' and concentrates on applied techniques on a computerized financial accounting package, such as Tally.

After completing this course, the learners will be able to:
  • Understand and apply General Financial Accounting Principles
  • Use Double entry method of book-keeping
  • Create and maintain the chart of accounts
  • Handle different types of vouchers & recording of transactions
  • Create and maintain inventories
  • Maintain bills/invoices details and track receivables and payables
  • Create and maintain cost-centres & budgets
  • Understand and apply funds flow & cash flow statements
  • Use ratio analysis & compute commonly used ratios
  • Analyze financial statements
  • Maintain data accuracy, consistency & backups
Course Name

Diploma in Corporate Accounting and Applied Finance

Course Description

Computerized Financial Accounting
The financial strength and status of an organization indicate the stability, reliability, and future prospects of the organization. Therefore, every financial transaction, investments, and funds need to be efficiently managed and maintained. A computerized accounting package enables finance and accounting professionals to maintain books and records accurately for all business transactions for an organization. The course briefly covers 'Generally Accepted Accounting Principles' and concentrates on applied techniques on a computerized financial accounting package, such as Tally.

After completing this course, the learners will be able to:
  • Understand and apply General Financial Accounting Principles
  • Use Double entry method of book-keeping
  • Create and maintain the chart of accounts
  • Handle different types of vouchers & recording of transactions
  • Create and maintain inventories
  • Maintain bills/invoices details and track receivables and payables
  • Create and maintain cost-centres & budgets
  • Understand and apply funds flow & cash flow statements
  • Use ratio analysis & compute commonly used ratios
  • Analyze financial statements
  • Maintain data accuracy, consistency & backups
Course Name

Diploma in Corporate Accounting and Applied Finance

Course Description

Advanced Business Analysis: Tools & Techniques In the current scenario, employees at all levels in an organization are contributing towards the growth by taking timely decisions impacting the overall business success. In this complex corporate scenario the financial or advanced information analysis, the organizations, at times, find it difficult to leverage the information efficiently and effectively from the existing systems. Therefore, such organizations always look for an optimum and perpetual use of various important tools and techniques to perform financial and statistical business analysis. This course builds on from the previous semester course and enables the learners to resolve complex financial analysis, such as Ageing of Creditor/Debtors, Expense Analysis, Billing and Collection analysis etc. This course covers various types of ratio analysis using liquid, solvency, leverage, and activity ratios. The course also discusses some common statistical concepts, such as central tendency values and measures of dispersion, such as mean deviation and standard deviation. Finally, the course enables the learners to generate statistical information from a specified set of information.

After completing this course, the learners will be able to:
  • Understand and apply scenario based problem solving
  • Apply time value of money with different techniques such as discounted techniques
  • Perform analysis various ratios such as liquidity, solvency, leverage, activity ratios
  • Perform financial analysis such as Ageing, Creditor/Debtors Analysis, Expense Analysis, Billing & Collection analysis using varied tools & techniques
  • Perform statistical analysis such as central tendency values, measures of dispersion, such as mean deviation, standard deviation, trend analysis, correlation & regression techniques
Course Name

Diploma in Corporate Accounting and Applied Finance

Course Description

Overview of Banking and Insurance
One of the major areas aspired for by a learner pursuing the commerce stream is in the Banking and Insurance sector. Therefore the course enables the learner to understand the banking and insurance fundamentals, and other areas like reinsurance, corporate business credit, identifying types of customers and operating accounts , interest calculation etc. Thus the course enables the learner to understand:

  • Evolution of Banking and Insurance
  • Banks as Financial Intermediaries
  • Fundamentals of Insurance
  • Reinsurance
  • Corporate Business Credit
  • Identifying Types of customers
  • Operating accounts and Interest calculation
  • Insurance, types of Insurance, principles and resinsurance
Course Name

Diploma in Corporate Accounting and Applied Finance

Course Description

Advanced Computerized Financial Accounting
A finance and accounts executive job not only requires sufficient knowledge and learning of general accounting and book keeping, but also requires strong knowledge, skills, and implementation of various advanced financial accounting modules, such as handling complex transactions, interest calculations, budgeting, and statutory and regulatory compliances, such as TDS, VAT, Service Tax, Excise etc. In addition, financial accounting enables the preparation of financial statements, such as Balance Sheets, P/L, including the reporting requirements of profitability, liquidity, solvency, and stability. Apart from conceptual understanding, this course also covers practical implementation of the preceding area of functions and generation of financial statements. In addition, the course covers applied techniques for conformance of various statutory and regulatory compliances in service as well as in manufacturing organizations. Finally, the course also provides an overview and significance of 'Accounting Standards'.

  • Understand Taxation basics
  • Comprehend TDS, PAN, TAN, and other payment methods
  • Understand Excise
  • Comprehend VAT, Service tax, etc
Using Tally, the learner will be able to:
  • Understand and use voucher classes
  • Create and Maintain Budgets and scenarios
  • Create and maintain multiple currencies
  • Record Service Tax transactions and generate Service Tax reports and challans
  • Record TDS/TCS transactions and generate TDS reports and challans
  • Describe various terms related with excise
  • Record excise transactions for dealers
  • Generate excise invoice and related statutory reports
  • Record excise purchase and sales for manufacturers
  • Identify the significance of 'Accounting Standards'
Course Name

Diploma in Corporate Accounting and Applied Finance

Course Description

Corporate Finance & Management Accounting In today's corporate environment, the finance and accounts executive is considered not only as an accountant for keeping books of accounts but also as a custodian of funds for all the stakeholders. The finance portfolio deals in varied areas, such as decisions in raising funds, investment of funds, proper and effective distribution of funds, price of funds etc. Therefore, the finance and accounts executive is also expected to have enough proficiency and capability not only to understand and decide transactions, but also to explore alternative sources of raising funds and be responsive on their utilization. The prime objective of this course is to make the learners understand how efficiently financial statements are prepared and how these financial statements are utilized for decision making. This course also covers the concepts, such as Working Capital Management, Project Viability, Capital Budgeting Methodology, Credit Management, Operational reports etc.

Working Capital Management & Capital Budgeting :
  • Working Capital Management:
    1) Working Capital Cycle
    2) Working Capital Definition
    3) Working Capital financing
    4) Method of working capital assessment
    5) Preparation of credit monitoring arrangement(CMA)
    6) Investment of Surplus funds
    7) Utilisation of working capitals
    8) Credit Rating Methodology and its importance
  • Capital Budgeting Methodology:
    1) Project Classification & Viabilty
    2) Evaluating Investment & Financing decisions with NPV
    3) Estimation of Project Cash flows
    4) Risk Analysis
    5) Sensitivity Analysis
    6) Break Even Analysis
    7) Cost of Capital
    8) Return on Investments (ROI)
    9) Project Finance and Methodology
    10) Project Assesment
    11) Project completion
    12) Credit Management
    13) Terms of Payment
    14) Credit evaluation
    15) Credit Policy
    16) Close relation between the above need to be explained
  • Operational Reports and its importance:
    1) Daily Cash and Bank Reports (Sources & Utilisations)
    2) Bank Reconciliation
    3) Inter-company transactons
    4) Management Information System
    5) Monthly Performance Report( Bud vs. Actual)
    6) Quarterly P&L Report( Limited Review)
    7) Project Report and Status
    8) Fund Utilisation
Introduction

After tightening up your foundation with Working with Tally.ERP 9 - Level 1, it seems only fitting that you built your expertise with Level 2. Level 2 territorially deals with the domain of tax and payroll management so that you attain finesse in the statutory compliance and implementation of payroll using Tally.ERP 9. Exit level 2, you are bound to be the pharaoh of payrolls.

Audience

Graduates

Pre-requisites

Completed Working with Tally.ERP 9 - Level 1 program or should be proficient in Contents of working with Tally ERP 9- Level 1. Commerce graduate with ability to interact in English in a classroom environment.

Exit Profile

After completing this course, the learner acquires the necessary knowledge and skills required for to apply statutory compliance and implement payroll using Tally.ERP 9.

Course Name

Working with Tally.ERP Level 2

Course Description
After completing this module, the students will be able to:
  • Record Service Tax transactions and generate Service Tax reports and challans
  • Record TDS/TCS transactions and generate TDS reports and challans
  • Describe various terms related with excise
  • Record excise transactions for dealers
  • Generate excise invoice and related statutory reports
  • Record excise purchase and sales for manufacturers
  • Accounting on Computers Using Tally.ERP 9 - Volume 4
After completing this module, the students will be able to:
  • Use payroll accounting features in Tally.ERP 9
  • Understand and use payroll-related statutory features in Tally.ERP 9