cfap certificate course in financial accounting program

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C-FAP (Certificate Course in Financial Accounting Program) is a 3-month program tailored for commerce students, aiming to provide them with the necessary skills and knowledge to efficiently manage day-to-day accounting tasks across different company types. Through hands-on training with industry-standard software like Tally Prime, participants will gain practical experience in financial reporting, inventory management, banking transactions, GST compliance, payroll accounting, and other essential areas. By enrolling in C-FAP, students open doors to diverse opportunities within the finance industry.

Key Highlights

Practical Approach

Practical training in Tally Prime, the leading accounting software.

Financial Concepts

Learn financial reporting concepts and practices for all types of companies.

Expertise in Inventory

Gain expertise in inventory management, budgeting, and cost control.

GST

Understand GST compliance and TDS (Tax Deducted at Source) processes.

Statutory compliance

Develop payroll accounting skills and learn about statutory compliance.

Certification

Receive a comprehensive course completion certificate.

About the Course

Practical Skills

Master financial accounting principles & Tally Prime for diverse companies. Gain practical skills.

Advanced Accounting

Learn advanced accounting, inventory techniques, MIS reporting, and secure financial data.

Expertise in Banking & GST

Develop expertise in banking transactions, GST compliance, TDS processes, and payroll accounting.

Accounting tasks

Handle accounting tasks confidently in manufacturing, trading, and service-oriented industries.

Essential skills

Acquire essential skills in audit trail management and ensure transparent financial records.

Career Growth

Commerce students get a strong foundation in financial accounting for future career growth.

Content

The primary aim of this certificate course is to build a strong foundation in accounting principles, financial statement preparation, and the understanding of various financial transactions. This course provides in-depth training in financial accounting using Tally Prime with GST and payroll, covering both theoretical concepts and practical applications. It includes end-to-end accounting processes such as transaction recording, inventory management, banking operations, and statutory compliance. Learners gain hands- on experience in generating financial statements, MIS reports, and handling real-time business scenarios, ensuring job-ready skills through exposure to industry-relevant tools and practices.

Fundamentals of Accounting

Introduction
Terminology used in Accounting
Concept of Accounting
Golden Rules of Accounting

Journalising Transactions
Trial Balance
Financial Statements
Subsidiary Books & Control Accounts

Tally Prime Basics

Download Tally Prime Setup File
Tally Prime Installation,
Company Creation, Alteration, Deletion

Tally Prime Ledgers Creation
Tally Prime Inventory (Creation, Stock Items, Groups, Units)

Recording and Maintaining Accounting Transactions

Recording Transaction in Tally
Recording Accounting Vouchers in Tally Prime
Receipt Voucher
Contra Voucher
Payment Voucher

Sales Voucher
Debit Note Voucher
Credit Note Voucher
Journal Voucher
Recording for Provisions

Tally Prime with Advanced Accounting

Bill Wise details
Cost Centre & Cost Categories
Voucher Class & Cost Centre Class
Multiple Currency

Interest Calculation (a. Simple b. compound)
Budgets & Controls
Scenario Management

Tally Prime with Advanced Inventory

Order Processing Reorder Levels
Tracking Number Batch- wise Details
Rejection in/Out
Delivery & Receipt Note
Additional Cost Details Bill of Materials (BOM)
Price Levels and Price Lists Stock Valuation
Stock Journal & Physical Journal

Different Actual and Billed Quantities
Zero Valued Entries
Stock Valuation
Point of Sale, Single & Multiple Payment Mode,
Invoice Printing

Tally Prime with Banking

Cheque Book Configuration in Tally Prime
Banking Transaction Types
Post Dated Cheque Management

Post Dated Cheque Note Video
BRS Note
Bank Reconciliation

Generating Financial Statements & MIS Reports

Advantages of Management Information Systems
MIS Reports in Tally Prime
Trial Balance & Balance Sheet
Profit and Loss Account
Cash Flow Statement
Ratio Analysis & Books and Reports

Day Book & Receipts and Payments
Purchase Register
Sales Register
Bills Receivable and Bills Payable

Data Security

Security Control
Activation of Security Control
Creation of Security Control (User Roles)

Creation of Uses & Passwords for Company
Tally Vault

Company Data Management

Backup of Company Data
Restoring of Company Data

Company Data Repair
Migration of Tally EPR 9.0 Company Data to Tally Prime

Tally Prime with GST

Activation of GST in Tally Prime
Accounting of GST Transactions
Purchase from URD & Imports
Advance Receipt and Payments
Mixed Supply & Composite Supply under GST
MRP Transaction
Defining GST Rate - Slab Rate or Price Range
Accounting of Supply of Services
Input Credit & GST Tax payment
E-Way Bill
Components of E-Way Bill
Who must generate E-Way Bill

Validity of E-Way Bill
E-Way Bill Process Flow
Export for e-Way Bill Report
Update e-Way Bill Information
Input Tax Credit Set Off against Liability
GST Tax Payment
Generating GST Returns for Regular Dealer in Tally
GST Reports & GSTR-1
GSTR 3B
GSTR 9 -GST Annual Computation
Filing GST Returns in Tally
Filing GSTR-1 Returns
Generating the JSON file from Tally and uploading the same in the GST portal
Filing GSTR-9 Returns - GST Annual Computation
Generating e-Invoice in Tally Prime
Recording Outward Supply and Generating e-Invoice without e-Way Bill
Recording Outward Supply and Generating e-Invoice with e-Way Bill

Tally Prime with TAX DEDUCTED AT SOURCE (TDS)

Introduction to TDS
Basic Concepts of TDS
TDS Process
Enabling TDS in Tally Prime
TDS Statutory Masters
Configuration of TDS at Different levels

Recording TDS Compliant Transactions in Tally Prime
TDS Exceptions
TDS Deduction
Payment of TDS in Tally Prime
TDS Reports

Payroll Accounting & Compliance

Configuring Payroll in Tally Prime
Enable Payroll in Tally Prime
Payroll Masters
Payroll Transaction

Statutory Reports
Generate Pay Slips & Pay Sheet
Payroll Statement

Tally Prime with Audit Trail

Importance of Audit Trail in Accounting

Enable Audit Trail in Tally Prime
Purpose of Audit Trail in Tally Prime

Generating & Printing Reports

Drill Down Display
Date/Period Based Reporting & Comparing
Inventory Report
Stock Summary

Go down Wise Stock Availability
Movement Analysis
Stock Query
Printing of Invoice & Reports

Management of Business Data

Exporting of data in available formats
Export and Import of Data
Export and Import of Masters from one company to another in XML format
Export and Import of Transactions from one company to another in XML format

Exporting Reports to MS Excel
Exporting Reports to PDF
Open Database Connectivity (ODBC)
Printing of Company Logo on Vouchers, Invoices & Reports

Learners Outcome

Understanding of fundamental accounting principles and concepts, including the accounting equation, double-entry system, and the preparation of financial statements (income statement, balance sheet, and cash flow statement).
Proficiency in applying accounting techniques and tools, such as journal entries, general ledger maintenance, and reconciliations, to record and analyze financial transactions.
Ability to interpret and analyze financial statements to assess the financial performance and position of an organization.
Ability to apply financial analysis techniques, such as ratio analysis, trend analysis, and cash flow analysis, to evaluate the financial health and performance of an organization.

Career Outcome

Tally Accountant
Staff Accountant
Financial Analyst
Financial Controller
Financial Educator/Trainer

Account & Taxation Certificate

G TEC Jain Keerti:The primary aim of this certificate course is to establish a strong grounding in accounting principles, financial statement preparation, and the comprehension of diverse financial transactions

Our Affiliations & Associations

We believe people are at the centre of every solution, leading us to the right solution just waiting to be delivered.

G-Tec Jain Education information-technology-specialist

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G-Tec Jain Education microsoft-office-specialist

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TESTIMONIALS OF THE ACCOUNT & TAXATION COURSE

The Certificate in Financial Accounting course was outstanding! It covered all crucial aspects of accounting, and I feel confident to handle financial tasks professionally. Highly recommended!

Aditya Singh

Student

I am thrilled with the Certificate in Financial Accounting course. It provided a solid foundation in financial principles, and the certification has boosted my career prospects. Thank you!

Kritika Sharma

Student

Frequently Asked Questions

What is a Certificate Course in Financial Accounting Program?

A Certificate Course in Financial Accounting Program is a short-term educational program that focuses on providing foundational knowledge and skills in financial accounting.

Who should consider enrolling in this course?

Aspiring accountants, finance professionals, business owners, and individuals seeking to gain a basic understanding of financial accounting.

What are the key topics covered in the program?

The program covers Advanced financial reporting, inventory management, banking transactions, GST compliance, payroll accounting, and more.

Is prior knowledge of accounting required to enrol?

No, the program is designed for beginners and assumes little to no prior knowledge of accounting.

How does this program benefit a career in finance or business?

This program enhances employability by equipping individuals with essential financial accounting skills applicable to various roles.

Are certifications provided upon completion of the program?

Yes, most certificate programs offer a completion certificate, which can add value to your resume.

What is the typical duration of the program?

The program duration is 80 Hrs. Or 3 Month Program

Does the program include practical exercises?

Yes, many certificate programs include practical exercises and assignments to reinforce learning.

What career opportunities are available after completing this program?

Graduates can explore entry-level positions in accounting, bookkeeping, financial administration, Tally Accountant and related roles.

keerti Learner Support

Throughout the course, learners will have access to dedicated support from instructors and course mentors. They can ask questions, seek clarification, and receive guidance to enhance their learning experience.
Additionally, the course provides a collaborative learning environment where students can interact with peers, share insights, and learn from each other's experiences.

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