Financial Business Accounting and MIS Reports (Coursera)

By the end of the course, you will be able to:

- Gain proficiency in Bills Payable and Receivable

- Understand and account the Advanced Banking Transactions

- Learn to manage Cost and Profit Centres

- Record the Accounting Vouchers using Foreign Currency

- Manage the Interest Calculation, and the production of Essential Financial Statements

- Understand the fundamentals of Goods and Services Tax (GST)

What you'll learn

- Gain proficiency in Bills Payable and Receivable

- Understand and account the Advanced Banking Transactions

- Learn to manage Cost and Profit Centres

- Record the Accounting Vouchers using Foreign Currency

Syllabus

Storage and classification of inventory

Accounts Receivable and Payable Management

Multi-Currency

At the end of the module Multi-Currency, You will be able to: • Create Multiple Currencies • Access and Alter the Multiple Currencies • Set up and define exchange rates for various foreign currencies. • Record accounting transactions in foreign currency using the realization and unrealization basis. • Comprehend the methodology for calculating forex gain or loss . • Record adjustments for forex gain or loss • Differentiate between realized and unrealized transactions in multi-currency accounting. • Generate Multi-Currency Reports

Interest Calculation

At the end of the module Interest Calculation, you will be able to: • Comprehend the formula and methodology for calculating simple and compound interest. • Apply the simple and compound interest formula to calculate interest on principal amounts. • Record simple and compound interest transactions accurately in the company's books of accounts. • Identify outstanding balances and their relevance to interest calculations. • Generate Interest Calculation Reports • Apply interest calculation reports for financial analysis and strategic planning.

Advanced Banking Transactions

At the end of the module Advanced Banking Transactions, You will be able to: • Demonstrate the fundamentals of cheque management • Identifying the nuances of handling post-dated cheques in Tally • Explore the integration of Tally with electronic payment systems • Set up and configure e-payment options in Tally • Master the bank reconciliation process using Tally • Resolve discrepancies and ensuring accurate financial reporting

Generating Financial Statements and MIS Report

At the end of the module Generating Financial Statement and MIS Report, you will be able to: • Generate and interpret Final Accounts Reports in Tally such as, - Trial Balance - Profit and Loss Account - Balance Sheet - Cash Flow and Funds Flow - Receipts and Payments • Generate and Interpret MIS (Management Information System) Reports. - Stock Summary - Daybook - Cash and Bank Books - Purchase Register - Sales Register - Journal-Register

Goods and Services Tax (GST)

At the end of the module Goods and Services Tax (GST), you will be able to: • Define Goods and Services Tax (GST) and its significance in the Indian taxation system. • Identify the key principles and objectives behind the implementation of GST. • Examine the structure and components of the GST framework. • Differentiate between Central GST (CGST), State GST (SGST), and Integrated GST (IGST). • Classify goods and services based on their GST rates. • Recognize the components of a GST-compliant invoice. • Generate invoices adhering to GST guidelines. • Record various GST transactions using Tally. • Generating GST Returns for Regular Dealer in Tally