Accounting & Tally
Accounting as it is actually performed in Indian businesses — double entry, Tally Prime, GST and TDS compliance, and the month-end and year-end routines a first job will hand a graduate in week one. The highestemployability single course available to a commerce student.
Enrolment is through our partner colleges. You will need the code your college issued.
- Course
- FIN-001
- Topic
- Finance & Accounting
- Modules
- 14
- Levels
- Foundation → Applied → Advanced
How this is shaped for your students
A second-year B.Com group and a final-semester M.Com group need very different versions of this course, and a college with a strong Tally background in its syllabus needs a different version again. We look at what has already been covered academically, how confident the group is with the accounting cycle, the size of the cohort, whether students are targeting practice firms or corporate accounts teams, the local employer base, and how many hours are available before the placement season. The level, the depth on GST and payroll, and the choice of business used in the exercises are all set from that.
Who this is for
- Strong fit
- B.Com, B.Com Computer Applications, BBA, BBM, MBA Finance, M.Com
- Also suitable
- B.Sc, BCA, hospitality
- Before you start
- None
What the course covers
Foundation5 modules
- 01Accounting principlesthe accounting equation, double entry, debit and credit reasoned rather than memorised, accounting concepts and conventions
- 02The booksjournal, ledger, subsidiary books, trial balance, error identification and rectification
- 03Final accountstrading and profit and loss, balance sheet, adjustments, depreciation, provisions
- 04Tally Prime fundamentalscompany creation, chart of accounts, vouchers, ledgers, groups, day-to-day entry
- 05Banking and reconciliationbank reconciliation statement, cash management, petty cash, payment instruments
Applied5 modules
- 01Inventory and costing in Tallystock groups and items, valuation methods, godowns, purchase and sales cycles
- 02GST in practiceregistration, invoice requirements, input tax credit, GSTR-1 and GSTR-3B, e-invoicing and e-way bill, GST in Tally end to end
- 03TDS and payrollTDS sections and rates, deduction and deposit, Form 16, payroll processing including PF and ESI, salary structures
- 04Month-end closeaccruals, prepayments, reconciliations, closing entries, the discipline of a repeatable close
- 05Reporting from Tallyfinancial statements, ratio and cash flow reports, MIS extracts, exporting to Excel for analysis
Advanced4 modules
- 01Company accounts and standardsshare capital, reserves, an introduction to Ind AS and where it diverges from what students were taught, consolidation concepts
- 02Audit and controlsinternal control, audit trail, vouching, statutory audit expectations, the documentation an auditor will request
- 03Tax and compliance calendarthe annual compliance cycle for a private limited company, filings, deadlines, penalties
- 04AI and automation in accounting with verificationautomated data entry and reconciliation, AI-assisted classification, and why every automated entry needs a control
Three levels, one continuous path
Foundation
You start from working vocabulary and first-hand contact with the tools. If you have never opened them before, you can start here. The work is guided, and you are assessed on knowing the material and applying it simply.
Applied
You turn knowledge into a way of working. You are given a brief with real constraints and incomplete information, you make decisions, and you explain why you made them. This is the level at which most students become useful on an internship.
Advanced
You handle the messy version: conflicting requirements, scale, cost, things going wrong, other people’s opinions, and knowing when not to do the obvious thing. The work is portfolio quality and you have to defend it.
Work you can show an employer
1Foundation
maintain complete books for a simulated small business through one quarter.
2Applied
a full GST cycle including invoicing, input credit reconciliation and return preparation.
3Advanced
a month-end close pack with reconciliations, MIS and variance commentary.
Capstone
Books of a Real Small Business. With permission, set up or clean up the accounting for a real small business through one full cycle — entry, reconciliation, GST, payroll, close and reporting — with a documented handover the owner can operate.
Tools you will use
Essential
- Tally Prime (educational licence)
- Excel
- the GST portal in demonstration mode
Recommended
- Zoho Books or Busy
- the income tax portal
- a compliance calendar template
Advanced
- Power BI for financial reporting
- an OCR-based data entry tool with a verification workflow
Jobs this points at
Roles this course is relevant to
Accounts Executive · Accounts Assistant · Junior Accountant · GST Executive · Payroll Executive · Accounts Payable and Receivable Associate · Audit Assistant.
What you can do when you finish
- Record a complete accounting cycle from journal to final accounts
- operate Tally Prime for a full business cycle including inventory
- prepare and reconcile GST returns from source data
- process payroll with statutory deductions
- perform a month-end close with reconciliations
Length and delivery
| Option | Typically used for | What it covers |
|---|---|---|
| 30 hours | Value Added Course, or a single-semester elective | All of Foundation |
| 45 hours | Skill Enhancement Course | Foundation, plus selected Applied modules |
| 60 hours | Standard cohort | Foundation, Applied, and the Applied project |
| 90 hours | Two semesters, or intensive | All three levels, plus the Advanced project |
| 120 hours | Full pathway | All three levels, capstone, and placement preparation |
The final option is agreed with your college during programme design.
Bring this course to your college
Enrolment is through our partner colleges. You will need the code your college issued.