About this course

Accounts and Taxation Course Description Course Overview: The Accounts and Taxation course is designed to equip students with fundamental knowledge and practical skills in accounting and tax-related matters. This course is ideal for individuals seeking to pursue careers in accounting, finance, taxation, or related fields. It combines theoretical knowledge with practical applications, ensuring that students are well-prepared to handle real-world accounting and taxation issues. Learning Objectives: By the end of this course, students will be able to: Understand the basic principles of accounting and financial reporting. Prepare and analyze financial statements in accordance with accounting standards. Apply accounting techniques to various business scenarios. Understand the structure and function of tax systems. Calculate individual and corporate taxes accurately. Comply with tax laws and regulations. Utilize accounting software for bookkeeping and tax preparation. Course Content: Module 1: Introduction to Accounting Overview of Accounting Principles The Accounting Cycle Double-Entry Bookkeeping Financial Statements: Income Statement, Balance Sheet, Cash Flow Statement Module 2: Financial Accounting Accrual vs. Cash Accounting Adjusting Entries and Closing Entries Depreciation and Amortization Inventory Accounting: FIFO, LIFO, and Weighted Average Module 3: Managerial Accounting Cost Behavior and Cost-Volume-Profit Analysis Budgeting and Forecasting Variance Analysis Performance Measurement Module 4: Taxation Principles Introduction to Taxation Systems Types of Taxes: Income Tax, TDS, GST, VAT, Sales Tax, Property Tax Tax Administration and Compliance Module 5: Individual Taxation Income Tax Calculation Tax Deductions and Credits Filing Status and Tax Brackets Tax Planning Strategies Module 6: Corporate Taxation Corporate Tax Structure Calculation of Corporate Tax Liability Taxation of Dividends and Retained Earnings Tax Planning and Avoidance Strategies Module 7: Taxation of Special Entities Partnerships and S Corporations Trusts and Estates International Taxation Issues Transfer Pricing Module 8: Practical Applications and Software Introduction to Accounting Software (Tally) Tax Preparation Software (e.g.,CompuTax) Case Studies and Practical Exercises Real-World Scenarios and Problem-Solving Assessment Methods: Quizzes and Tests Assignments and Projects Case Studies Analysis Final Examination Course Prerequisites: Basic understanding of mathematics and economics. Prior coursework in introductory accounting is beneficial but not required. Career Pathways: Graduates of the Accounts and Taxation course can pursue various career opportunities such as: Accountant Tax Consultant Financial Analyst Auditor Tax Preparer Finance Manager