Description
Course Name: Diploma in Financial Accounting and Computer Applications
Course Id: DFACA/Q1001.
Eligibility: Completion of 10+2 (higher Secondary) or equivalent.
Objective: The Diploma in Financial Accounting and Computer Applications is a professional course that combines knowledge of accounting principles with practical training in computer applications used for financial management. The program is designed to equip students with the skills required for managing financial records, performing accounting tasks, and leveraging computer software for efficient financial operations.
Duration: 370 Hrs (Equivalent to One Year).
Total Credits: 18.
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- 120 minutes.
- No. of Questions- 60. (Multiple Choice Questions).
- 10 Questions from each module, each carry 10 marks.
- Maximum Marks- 600, Passing Marks- 40%.
- There is no negative marking in this module.
| 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 | 41-50 | 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.
Syllabus
Fundamentals of Financial Accounting: Introduction to Accounting Principles, Double-Entry System and Journal Entries, Ledger and Trial Balance, Financial Statements (Balance Sheet & P&L Account), Depreciation Accounting and Valuation, Accounting for Inventory and Fixed Assets, Bank Reconciliation Statement (BRS), Accounting for Partnerships and Sole Proprietorship, Basics of Tax Accounting, Financial Reporting Standards.
Computerized Accounting with Tally: Introduction to Tally and its Features, Creating and Managing Company Accounts, Ledger and Voucher Entries in Tally, Inventory Management in Tally, Taxation in Tally (GST, TDS, VAT), Generating Financial Statements, Payroll and Salary Management, Bank Reconciliation in Tally, Customizing Reports and Analysis, Backup and Data Security in Tally.
Business Taxation and Compliance: Introduction to Direct and Indirect Taxes, Goods and Services Tax (GST) Framework, Income Tax Calculation and Filing, Tax Deducted at Source (TDS) Compliance, Corporate Taxation and Returns, Tax Audit and Assessment, E-Filing Procedures for Individuals and Businesses, Customs and Import/Export Taxes, Case Studies on Tax Compliance, Recent Amendments in Tax Laws.
Financial Management and Cost Accounting: Costing Concepts and Methods, Budgeting and Forecasting, Working Capital Management, Break-even Analysis and Marginal Costing, Financial Ratio Analysis, Capital Budgeting and Investment Decisions, Risk Management in Finance, Corporate Finance and Fund Flow Analysis, Performance Evaluation Techniques, Profitability and Liquidity Management.
Banking and Financial Services: Banking System and Regulations, Digital Banking and Online Transactions, Understanding Loans and Credit Facilities, Investment Banking and Financial Instruments, Insurance and Risk Management, Stock Market Basics and Trading, Mutual Funds and Investment Planning, Foreign Exchange and International Finance, Anti-Money Laundering (AML) and Compliance, Financial Fraud and Cybersecurity in Banking.
Microsoft Office for Financial Applications: MS Excel for Accounting and Finance, Creating and Managing Financial Spreadsheets, Data Analysis with Pivot Tables, Financial Formulas and Functions, Graphs and Charts for Financial Reporting, MS Word for Business Documentation, MS PowerPoint for Financial Presentations, MS Access for Database Management, Automating Reports with Macros, Cloud-Based Financial Applications.
A Diploma in Financial Accounting and Computer Applications program equips graduates with a solid foundation in both financial accounting and the use of various software tools (such as Tally, Excel, and other accounting applications) to manage and record financial transactions, create reports, and analyze financial data. This combination of accounting knowledge and computer application skills makes graduates valuable assets to organizations in sectors like finance, accounting, business management, and corporate administration.
Below is a detailed breakdown of career options and salary ranges for graduates in India:
1. Accountant
- Role: Accountants are responsible for managing financial records, preparing financial statements, and ensuring compliance with tax laws. They use accounting software to record transactions, reconcile accounts, and prepare reports.
- Salary Range: ₹2.5 – ₹5 LPA (entry-level); ₹5 – ₹8 LPA (mid-level); ₹8 LPA and above (senior roles).
2. Tax Consultant
- Role: Tax Consultants assist businesses and individuals with tax planning, filing returns, and ensuring compliance with tax laws. They advise clients on how to minimize tax liabilities while adhering to regulations.
- Salary Range: ₹3 – ₹6 LPA (entry-level); ₹6 – ₹10 LPA (mid-level); ₹10 LPA and above (senior roles).
3. Payroll Manager
- Role: Payroll Managers oversee the payroll process, ensuring that employees are paid on time, tax deductions are made accurately, and compliance with labor laws is maintained. They also handle benefits and leave management.
- Salary Range: ₹3.5 – ₹6 LPA (entry-level); ₹6 – ₹10 LPA (mid-level); ₹10 LPA and above (senior roles).
4. Financial Analyst
- Role: Financial Analysts evaluate financial data to help organizations make informed business decisions. They use accounting software and spreadsheets to track financial performance, create financial models, and forecast future financial outcomes.
- Salary Range: ₹4 – ₹7 LPA (entry-level); ₹7 – ₹12 LPA (mid-level); ₹12 LPA and above (senior roles).
5. Accounts Executive
- Role: Accounts Executives handle the day-to-day financial operations, including bookkeeping, maintaining ledgers, invoicing, and processing payments. They are usually responsible for assisting senior accountants in managing financial records.
- Salary Range: ₹2.5 – ₹5 LPA (entry-level); ₹5 – ₹8 LPA (mid-level); ₹8 LPA and above (senior roles).
6. Internal Auditor
- Role: Internal Auditors assess and evaluate an organization’s internal controls, processes, and financial systems to ensure efficiency, compliance, and accuracy. They identify potential risks and make recommendations for improvements.
- Salary Range: ₹4 – ₹7 LPA (entry-level); ₹7 – ₹12 LPA (mid-level); ₹12 LPA and above (senior roles).
7. Business Accountant
- Role: Business Accountants are responsible for managing the financial records and transactions of a business. They handle accounting tasks like invoicing, maintaining accounts payable and receivable, and preparing financial statements.
- Salary Range: ₹3 – ₹6 LPA (entry-level); ₹6 – ₹10 LPA (mid-level); ₹10 LPA and above (senior roles).
8. Bookkeeper
- Role: Bookkeepers maintain accurate financial records for small and large organizations. They are responsible for recording day-to-day transactions, reconciling bank statements, and preparing financial reports for accountants.
- Salary Range: ₹2.5 – ₹4.5 LPA (entry-level); ₹4.5 – ₹7 LPA (mid-level); ₹7 LPA and above (senior roles).
9. Financial Consultant
- Role: Financial Consultants provide expert advice to individuals or businesses on financial planning, investment strategies, budgeting, and other financial matters. They use accounting and financial tools to assess clients’ financial situations and recommend solutions.
- Salary Range: ₹4 – ₹7 LPA (entry-level); ₹7 – ₹12 LPA (mid-level); ₹12 LPA and above (senior roles).
10. Bank Teller
- Role: Bank Tellers handle routine customer transactions, including deposits, withdrawals, and account inquiries. They also assist with balance verification and the issuance of checks and money orders.
- Salary Range: ₹2 – ₹3.5 LPA (entry-level); ₹3.5 – ₹5 LPA (mid-level); ₹5 LPA and above (senior roles).
11. Accounts Manager
- Role: Accounts Managers oversee the accounting department’s operations. They ensure accurate financial reporting, handle budgeting, monitor cash flow, and supervise junior accountants. They also ensure compliance with financial regulations.
- Salary Range: ₹6 – ₹12 LPA (entry-level); ₹12 – ₹18 LPA (mid-level); ₹18 LPA and above (senior roles).
12. Finance Manager
- Role: Finance Managers oversee financial operations in an organization, including budgeting, financial reporting, risk management, and investment strategies. They provide insights to the management team based on financial data.
- Salary Range: ₹6 – ₹10 LPA (entry-level); ₹10 – ₹18 LPA (mid-level); ₹18 LPA and above (senior roles).
13. Cost Accountant
- Role: Cost Accountants analyze the costs associated with production and business operations. They evaluate cost structures, control expenditures, and help optimize financial performance by identifying cost-saving opportunities.
- Salary Range: ₹4 – ₹7 LPA (entry-level); ₹7 – ₹12 LPA (mid-level); ₹12 LPA and above (senior roles).
14. Financial Controller
- Role: Financial Controllers are responsible for managing the financial health of an organization. They supervise accounting activities, ensure the accuracy of financial reports, and ensure compliance with financial regulations.
- Salary Range: ₹8 – ₹15 LPA (entry-level); ₹15 – ₹25 LPA (mid-level); ₹25 LPA and above (senior roles).
15. Financial Planner
- Role: Financial Planners help individuals and organizations manage their finances, including retirement planning, investment management, and budgeting. They create tailored financial plans based on clients’ goals and risk tolerance.
- Salary Range: ₹3 – ₹7 LPA (entry-level); ₹7 – ₹12 LPA (mid-level); ₹12 LPA and above (senior roles).
Key Factors Influencing Salaries:
- Experience: With experience in financial management or accounting roles, professionals can advance to higher-paying positions such as finance manager or financial controller.
- Certifications: Holding certifications such as Tally, CA (Chartered Accountant), CMA (Cost Management Accounting), or CPA (Certified Public Accountant) can significantly increase salary potential and career advancement opportunities.
- Location: Larger cities such as Mumbai, Delhi, Bengaluru, Hyderabad, and Pune typically offer higher salaries due to the presence of corporate offices, financial institutions, and multinational companies.
- Industry: Professionals working in finance, banking, consulting, and multinational corporations tend to earn higher salaries compared to those in small businesses or local firms.
Emerging Trends:
- Automation in Accounting: With the rise of accounting software, automation tools like Tally, QuickBooks, and Xero are becoming more widespread, enabling accountants to perform tasks more efficiently and opening doors for automation-focused roles.
- Data Analytics and Financial Modeling: Financial professionals who possess skills in data analytics, financial modeling, and data visualization (using tools like Excel, Power BI, and Tableau) are highly sought after in sectors like investment banking and corporate finance.
- Growth of Digital Finance: The digitization of financial services, including mobile banking and fintech startups, is creating new career opportunities in digital finance, accounting automation, and blockchain.
Graduates with a Diploma in Financial Accounting and Computer Applications can explore a variety of career options in accounting, finance, and business management. With further experience, education, or certifications, they can rise to managerial or specialized roles in the finance industry.
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