Description
Course Name: Certificate in Financial Accounting
Course Id: CFA/Q1001.
Eligibility: Completion of 10+2 (higher Secondary) or equivalent.
Objective: A Certificate in Financial Accounting is a valuable credential for those looking to build foundational accounting skills quickly and affordably. Whether you aim to start a career in finance, manage your business finances, or continue with advanced accounting studies, this program provides essential knowledge and practical tools to succeed in the field.
Duration: 90 Hrs (Equivalent to 3 months).
How You will Get Diploma Certificate:
Step 1- Select your Course for Certification.
Step 2- Click on Enroll Now.
Step 3- Proceed to Enroll Now.
Step 4- Fill Your Billing Details and Proceed to Pay.
Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.
Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.
Step 6- After Payment You will get Study Material Login id and Password on your email id.
Step 7- After Completion of Course Study give Online Examination.
Step 8- After Online Examination you will get Diploma Certificate soft copy(Scan Copy) and Hard Copy(Original With Seal and Sign).
Step 9- After Certification you will receive Prospect Job Opportunities as per your Interest Area.
Online Examination Detail:
Duration- 60 minutes.
No. of Questions- 30. (Multiple Choice Questions).
Maximum Marks- 100, Passing Marks- 40%.
There is no negative marking in this module.
| Marking System: | ||||||
| S.No. | No. of Questions | Marks Each Question | Total Marks | |||
| 1 | 10 | 5 | 50 | |||
| 2 | 5 | 4 | 20 | |||
| 3 | 5 | 3 | 15 | |||
| 4 | 5 | 2 | 10 | |||
| 5 | 5 | 1 | 5 | |||
| 30 | 100 | |||||
| How Students will be Graded: | ||||||
| S.No. | Marks | Grade | ||||
| 1 | 91-100 | O (Outstanding) | ||||
| 2 | 81-90 | A+ (Excellent) | ||||
| 3 | 71-80 | A (Very Good) | ||||
| 4 | 61-70 | B (Good) | ||||
| 5 | 51-60 | C (Average) | ||||
| 6 | 40-50 | P (Pass) | ||||
| 7 | 0-40 | F (Fail) | ||||
Benefits of Certification:
- Government Authorized Assessment Agency Certification.
- Certificate Valid for Lifetime.
- Lifetime Verification of Certificate.
- Free Job Assistance as per your Interest Area.
Certificate in Financial Accounting
Accounting Fundamental: Introduction, objectives, meaning of accounting, nature of accounting, branches of accounting, role of accounting, limitations of accounting, systems of accounting, role of accounting, origin and growth of accounting, distinction between book- keeping and accounting, distinction between accounting and accountancy.
Capital and revenue: Accounting basics, accounting for special transactions, preparation of final accounts, fundamentals of cost accounting.
Depreciation Provision and Reserve: Methods of depreciation, straight line method, diminishing balance method, double declining balance method, sinking fund method, annuity method, insurance policy method, discounted cash flow method of depreciation, other methods of depreciation, revaluation method, group or composite method, selection of a best depreciation method.
Introduction to Company Account: Objectives, meaning and scope of cost accounting, difference between financial accounting and cost accounting, limitations of cost accounting.
Inventory Control: Purchase objective and functions, inventory management, essential elements of contract, legal aspect of buying, fundamentals of quality management systems, steps of inventory control.
Business Statistics: Introduction, form of business organization and its relevance of accounting, definition of accounting and its role in making business decision, branches of accounting, accounting as an information system, accountant, organization for accounting and finance, importance of ethics in accounting.
Job Opportunities after completion of Certificate in Financial Accounting course:
After completing a Certificate in Financial Accounting, graduates have a wide array of career opportunities in the fields of accounting, finance, and auditing. This program provides foundational knowledge and practical skills in managing financial records, preparing financial statements, handling taxes, and understanding accounting principles. The demand for skilled financial professionals remains strong, as businesses and organizations require proper accounting practices for financial reporting, compliance, and decision-making. Below are the career options available to graduates of this program, along with salary ranges in India:
1. Accountant
- Role: Accountants are responsible for maintaining accurate financial records, preparing financial statements, handling tax returns, processing invoices, and managing accounts payable and receivable.
- Salary Range:
- Fresher: ₹1.8 to ₹3 lakh per annum
- Experienced: ₹3.5 to ₹6 lakh per annum
- Senior Accountant: ₹6 to ₹8 lakh per annum
2. Junior Accountant
- Role: Junior accountants assist senior accountants in managing financial documents, processing transactions, and ensuring accurate financial record-keeping. They handle basic bookkeeping tasks and may also help with payroll and tax filings.
- Salary Range:
- Fresher: ₹1.5 to ₹2.5 lakh per annum
- Experienced: ₹2.5 to ₹4 lakh per annum
- Senior Junior Accountant: ₹4 to ₹5 lakh per annum
3. Accounts Payable/Receivable Clerk
- Role: Accounts payable and receivable clerks manage the money owed to and by an organization. They ensure that payments are made to vendors on time and that client invoices are collected. They also help reconcile statements and maintain financial records.
- Salary Range:
- Fresher: ₹1.5 to ₹2.5 lakh per annum
- Experienced: ₹3 to ₹4 lakh per annum
- Senior Clerk: ₹4 to ₹6 lakh per annum
4. Tax Assistant
- Role: Tax assistants help in preparing tax returns for individuals and businesses. They ensure that taxes are calculated correctly and paid on time while assisting with compliance, audits, and maintaining records for tax purposes.
- Salary Range:
- Fresher: ₹2 to ₹3 lakh per annum
- Experienced: ₹3.5 to ₹5 lakh per annum
- Senior Tax Assistant: ₹5 to ₹7 lakh per annum
5. Payroll Specialist
- Role: Payroll specialists are responsible for ensuring that employees are paid accurately and on time. They handle calculations for wages, bonuses, deductions, and tax withholdings. They also manage employee benefits and ensure compliance with labor laws.
- Salary Range:
- Fresher: ₹2 to ₹3 lakh per annum
- Experienced: ₹3 to ₹5 lakh per annum
- Senior Payroll Specialist: ₹5 to ₹7 lakh per annum
6. Financial Analyst
- Role: Financial analysts assess financial data, prepare reports, and offer insights to help businesses make informed financial decisions. They evaluate investment opportunities, assess market trends, and assist with budgeting and forecasting.
- Salary Range:
- Fresher: ₹3 to ₹4 lakh per annum
- Experienced: ₹5 to ₹7 lakh per annum
- Senior Analyst: ₹7 to ₹10 lakh per annum
7. Internal Auditor
- Role: Internal auditors evaluate an organization’s financial records, internal controls, and compliance with regulations. They identify risks, inefficiencies, and areas for improvement, and make recommendations to senior management.
- Salary Range:
- Fresher: ₹3 to ₹4 lakh per annum
- Experienced: ₹5 to ₹8 lakh per annum
- Senior Auditor: ₹8 to ₹12 lakh per annum
8. Cost Accountant
- Role: Cost accountants focus on managing the costs of production or services within an organization. They prepare reports on cost structures, analyze cost variances, and help businesses optimize their expenses.
- Salary Range:
- Fresher: ₹2.5 to ₹4 lakh per annum
- Experienced: ₹4 to ₹6 lakh per annum
- Senior Cost Accountant: ₹6 to ₹8 lakh per annum
9. Management Accountant
- Role: Management accountants are responsible for budgeting, forecasting, and financial planning within an organization. They provide financial information that helps management make strategic decisions regarding business performance and growth.
- Salary Range:
- Fresher: ₹3 to ₹5 lakh per annum
- Experienced: ₹5 to ₹8 lakh per annum
- Senior Management Accountant: ₹8 to ₹12 lakh per annum
10. Bank Teller
- Role: Bank tellers process financial transactions for customers, such as deposits, withdrawals, and transfers. They ensure accuracy in processing and may provide basic banking services and customer support.
- Salary Range:
- Fresher: ₹1.8 to ₹3 lakh per annum
- Experienced: ₹3 to ₹4 lakh per annum
- Senior Teller: ₹4 to ₹6 lakh per annum
11. Bookkeeper
- Role: Bookkeepers record daily financial transactions, such as sales, purchases, and payments. They maintain ledgers and assist accountants with the preparation of financial statements.
- Salary Range:
- Fresher: ₹1.5 to ₹2.5 lakh per annum
- Experienced: ₹3 to ₹4 lakh per annum
- Senior Bookkeeper: ₹4 to ₹6 lakh per annum
12. Credit Analyst
- Role: Credit analysts evaluate the creditworthiness of individuals and businesses. They assess the risk of lending money by analyzing financial statements and credit reports.
- Salary Range:
- Fresher: ₹3 to ₹4 lakh per annum
- Experienced: ₹5 to ₹7 lakh per annum
- Senior Analyst: ₹7 to ₹10 lakh per annum
13. Financial Planner/Advisor
- Role: Financial planners help individuals or businesses manage their finances by providing investment advice, tax planning, and retirement planning. They create personalized financial plans based on the client’s goals.
- Salary Range:
- Fresher: ₹3 to ₹5 lakh per annum
- Experienced: ₹5 to ₹8 lakh per annum
- Senior Advisor: ₹8 to ₹12 lakh per annum
14. Compliance Officer
- Role: Compliance officers ensure that an organization adheres to external regulations and internal policies. They focus on compliance in areas such as financial reporting, taxes, and risk management.
- Salary Range:
- Fresher: ₹2.5 to ₹4 lakh per annum
- Experienced: ₹4 to ₹6 lakh per annum
- Senior Officer: ₹6 to ₹10 lakh per annum
15. Audit Assistant
- Role: Audit assistants support auditors by performing tasks such as preparing audit documentation, checking financial statements for accuracy, and helping with fieldwork during audits.
- Salary Range:
- Fresher: ₹2 to ₹3 lakh per annum
- Experienced: ₹3.5 to ₹5 lakh per annum
- Senior Assistant: ₹5 to ₹7 lakh per annum
16. Financial Controller
- Role: Financial controllers are responsible for overseeing the financial operations of an organization, including the preparation of financial statements, budgeting, and ensuring compliance with financial regulations.
- Salary Range:
- Fresher: ₹4 to ₹6 lakh per annum
- Experienced: ₹6 to ₹10 lakh per annum
- Senior Controller: ₹10 to ₹15 lakh per annum
Conclusion
Graduates of the Certificate in Financial Accounting program have numerous career options in accounting, finance, auditing, and taxation. Depending on their experience and specific interests, they can take on various roles in organizations ranging from small businesses to large corporations. The salary potential varies based on factors such as experience, location, the size of the company, and the specific industry. Starting with roles like junior accountant or bookkeeper, individuals can move into more specialized or managerial positions such as financial analyst, tax consultant, or financial controller. Additionally, with further education and certification, career prospects and salary potential can increase significantly.