At Mount International Academy, our Diploma in Computer-Based Accounting equips students and job seekers with essential skills in financial management, bookkeeping, payroll, and tax calculations using modern accounting software like QuickBooks and Tally. This program enhances accuracy, efficiency, and compliance in financial reporting.

Ideal for those seeking careers in accounting, finance, and business, this diploma boosts employability in the corporate sector. Enroll today and step into the world of digital accounting with confidence!

Module 1: Introduction to Accounting & Basic Concepts (Weeks 1-4)

• Overview of Accounting and Bookkeeping Principles
• Types of Accounts (Assets, Liabilities, Equity, Revenues, Expenses)
• Basic Accounting Terminology & Principles (GAAP, IFRS)
• Introduction to Double-Entry Bookkeeping
• Understanding Journals, Ledgers, and Trial Balances
• Hands-on Session: Recording Basic Transactions in Journals

Module 2: Financial Statements & Reports (Weeks 5-8)

• Introduction to Financial Statements (Balance Sheet, Income Statement, Cash Flow Statement)
• Understanding Assets, Liabilities, and Equity in Financial Statements
• Analyzing Profit & Loss Statements
• Preparing and Interpreting Financial Reports
• Hands-on Session: Creating Financial Statements for a Business

Module 3: Introduction to Computerized Accounting (Weeks 9-12)

• Overview of Computerized Accounting Software
• Benefits of Using Accounting Software in Modern Business
• Introduction to QuickBooks and Tally ERP
• Setting Up a Company Profile & Ledger Accounts in QuickBooks
• Basic Functions: Recording Transactions, Posting to Ledgers, and Generating Reports
• Hands-on Session: Setting Up a Company and Recording Transactions in QuickBooks

Module 4: Managing Cash Flow & Bank Reconciliation (Weeks 13-16)

• Understanding Cash Flow Management and Cash Flow Statements
• Bank Reconciliation Process in Computerized Systems
• Managing Petty Cash, Bank Accounts, and Deposits
• Creating Cash Flow Forecasts & Managing Receivables and Payables
• Hands-on Session: Bank Reconciliation and Cash Flow Management in QuickBooks/Tally

Module 5: Payroll & Employee Benefits (Weeks 17-20)

• Payroll Calculation and Deductions (Income Tax, Social Security, etc.)
• Creating and Managing Payroll in QuickBooks/Tally
• Understanding Employee Benefits (Pension, Health Insurance, Bonuses)
• Generating Payslips and Payroll Reports
• Hands-on Session: Payroll Management and Generating Payslips

Module 6: Taxation – VAT, GST, and Other Tax Calculations (Weeks 21-24)

• Understanding Different Types of Taxes (VAT, GST, Income Tax)
• Tax Calculations & Filing Tax Returns (Indirect & Direct Taxes)
• Tax Reporting and Compliance in QuickBooks/Tally
• Preparing and Filing VAT/GST Returns
• Hands-on Session: Tax Calculations and Filing VAT/GST Returns in QuickBooks

Module 7: Advanced Computerized Accounting – Reports & Financial Analysis (Weeks 25-28)

• Generating Detailed Financial Reports (Profit & Loss, Balance Sheet)
• Using Accounting Software for Business Performance Analysis
• Advanced Functions in QuickBooks & Tally (Financial Forecasting, Budgeting)
• Introduction to Financial Ratios & Analysis Tools
• Hands-on Session: Using QuickBooks/Tally for Financial Analysis and Reporting

Module 8: Inventory Management & Stock Control (Weeks 29-32)

• Inventory Tracking and Valuation Methods (FIFO, LIFO, Weighted Average)
• Using QuickBooks/Tally for Stock Management
• Managing Purchase Orders, Sales Orders, and Stock Adjustments
• Generating Inventory Reports and Stock Valuations
• Hands-on Session: Managing Inventory & Generating Stock Reports in Tally

Module 9: Financial Management & Budgeting (Weeks 33-36)

• Financial Planning and Budgeting for Businesses
• Creating a Business Budget in QuickBooks/Tally
• Understanding Cost Accounting and Cost Control
• Budgeting for Different Departments (Operations, Marketing, Finance)
• Hands-on Session: Building Business Budgets and Costing in QuickBooks

Module 10: Ethics & Compliance in Accounting (Weeks 37-40)

• Accounting Ethics, Fraud Prevention, and Risk Management
• Understanding Corporate Governance and Compliance Regulations
• Regulatory Bodies & Standards (IFRS, GAAP, ICAEW)
• Legal Requirements for Accounting in Different Countries
• Hands-on Session: Ensuring Compliance in Financial Reporting

Module 11: Advanced Tally Features & Integration (Weeks 41-44)

• Advanced Features in Tally (Multi-Currency, Budgeting, Consolidation)
• Integrating Tally with Other Business Systems (CRM, ERP)
• Customizing Reports & Settings for Advanced Needs
• Hands-on Session: Integrating Tally with Inventory and Payroll Management

Module 12: Freelancing, Career Development & Real-World Applications (Weeks 45-48)

• Preparing a Professional Accounting Portfolio & Resume
• How to Start a Freelance Accounting Business or Consultancy
• Using Accounting Software for Freelance Clients
• Managing Clients, Communication, and Billing
• Hands-on Session: Final Project: Preparing Complete Financial Reports for a Business
• Final Exam, Certification & Career Guidance

Course Outcomes:

By the end of this diploma, students will:

✅  Master the use of QuickBooks and Tally for computerized accounting

✅  Be able to prepare financial reports, including income statements, balance sheets, and cash flow statements

✅  Manage payroll, tax calculations, and inventory using accounting software

✅  Understand financial analysis, budgeting, and cost control techniques

✅  Be prepared to start a career as an accountant, financial analyst, or freelancer in the accounting and finance industry