Fundamentals of Accounting and Reporting (Coursera)

The course is enriched with numerous real business scenarios, screenshots, observations, solved illustrations, and practice scenarios to help you experience the simplicity and the power of technology of working on TallyPrime as you solve these real-life business scenarios.

You will gain skills in the intricacies of business operations and learn to handle such transactions in the daily work environment with ease.

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

- Explain and apply the fundamentals of accounting

- Use TallyPrime as an integrated business management software

- Create and maintain chart of accounts

- Record and maintain accounting transactions

- Describe and manage banking payments

- Generate and analyze financial statements

- Implement security control to protect data

- Backup and restore company data

No prior experience in bookkeeping is required, but you should have an interest and aptitude in working with numbers.

Course 1 of 3 in the Tally Bookkeeper Professional Certificate.

Syllabus

WEEK 1

Fundamentals of Accounting

At the end of the module Fundamentals of Accounting, you will be able to, Define the Concept of Accounting, Explain the six phases of Accounting Cycles, Demonstrate the Golden Rules of Accounting, Define and explain Trial Balance, Trading Account, Profit and Loss Account, and Balance Sheet.

WEEK 2

Introduction to TallyPrime

At the end of the module introduction to TallyPrime, You will be able to, Demonstrate the TallyPrime, Explain the features of TallyPrime, Download and Install TallyPrime, Use and Operate TallyPrime, Create Company and Set up Company Features in TallyPrime, Navigate within TallyPrime, Alter the company, Shut the company

WEEK 3

Maintaining Chart of Accounts

At the end of the module Maintaing Chart of Accounts, You will be able to, Explain Chart of Accounts, Create Company Chart of Accounts, Create Accounting and Inventory Masters, Alter and Delete the Masters, Create the Multi-Masters and Display the Chart of Accounts

WEEK 4

Recording and Maintaining Accounting Transactions

At the end of the module Recording and Maintaining Accounting Transactions, you will be able to, Record Day-to-Day Transactions in an actual business scenario and Generate the Financial reports in Tally

WEEK 5

Banking

At the end of the module Banking, you will be able to, Describe Banking Payments, Configure and Print the single and multiple Cheques, Generate and Print Deposit Slip, Generate Cheque Deposit Slip, Generate Cash Deposit Slip, Generate and Print Payment Advice, Prepare Bank Reconciliation Statement.

WEEK 6

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

WEEK 7

Data Security

At the end of the module Data Security, you will be able to:

• Describe Data Security & Security Control • Activate Security Control in Tally • Create the Security Levels, Assign the Users and Passwords for Company • Access the Company with Data Operators User Account • Change User feature in Tally • Activate the TallyVault Feature • Use Auto-Login option in Tally

WEEK 8

Company Data Management

At the end of the module Company Data Management, you will be able to:

• Explain the Data Backup and Restore Procedure • Take the Data Backup of Company in Tally. • Restore the Company Data from a Backup file in TallyPrime. • Repair the Company Data. • Migrate the Tally.ERP 9 Data to TallyPrime.