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Nexora Group of companies, 62/4848, cross road, near spectrum towers, Karikkamuri, Shenoys, Kochi, Ernakulam, Kerala 682011

GLOBAL ACCOUNTING & TAXATION WITH SAP

DURATION: 6 MONTHS

OVERVIEW

This course provides students with an introduction to the essential principles, theories, and techniques of accounting and taxation using SAP. It explores the role of accounting and taxation in businesses, its development, and its importance in contemporary business environments. The course also covers topics such as business accounting, income tax, TCS, TDS, GST, and SAP S/4 HANA finance.

Course Modules

BUSINESS ACCOUNTING

Introduction
Legal Entities
Accounting Terms
Types of accounts & Golden rule of accounting
Accrual Concept
Accounting Cycle
Source Documents
Journal Entry
Ledger Accounts
Trail Balance
Trading and profit and loss account
Balance sheet
Adjustments: Outstanding expenses
Adjustments: Prepaid income
Adjustments: Accrued income
Adjustments: Income received in advance
GST Accounting
TDS & Advance Tax Accounting
Income Tax Accounting
Bank Reconciliation

INCOME TAX

Introduction
Persons and Tax rates
Heads of Income
Basics of Profits & Gains from business or profession
Residential status
Tax Deducted at Source(TDS)
Due dates – TDS Payment and TDS Return
TDS Certificate
Applicability of TDS on Payments
Advance Tax
Tax Collected at Source (TCS)

GST

Introduction
Supply
Schedules
Place of Supply
Time of Supply
Value of Supply
Input tax Credit
Reverse Charge Mechanism under GST
Levy and Collection Under GST
Invoicing
Credit note and Debit note
Composition Scheme
E –Way Bill
GST Returns

TALLY PRIME

Introduction
Tally Prime V/S Tally ERP 9
Installation & Activation
Company Creation, Alteration & Deletion
Migration from Tally ERP 9 to Tally Prime
Load Company on Start up
Masters
Vouchers
Bill Wise Details
Point of Sale
Cost Category & Cost Centre
TDS
GST Enabling
Manufacturing Journal & BOM
Cheque Register
Multi-Currency
Control User Access & Tally Vault
Export & Printing
Job Costing
Payroll
Bank Reconciliation

SAP FICO

Introduction
Basic Configuration
Customizing Settings For Ledgers
Parallel Accounting
Ledger Creation
Ledger Posting
Open Item Mangement
Revers Transaction
Accounts Payables
Accounts Receivable
Purchase Return
Sales Return
Terms Of Payment In Sap
Advance Payment To Vendor
Advance Payment To Customer
House Bank In Sap
Multi-Currency
Copy Company Code
Cash Journal
Tax On Purchase And Sales
App
Fsv
Bill Of Exchange

Learning Outcome

Upon completion of the course, students will:

Understanding of essential principles, theories, and techniques of accounting and taxation using SAP
Ability to apply accounting and taxation principles to real-world business
Proficiency in using SAP S/4 HANA finance for accounting and taxation
Knowledge of business accounting, income tax, TCS, TDS, GST, and their application within SAP
Development of strategic thinking and problem-solving skills in the context of accounting and
Effective communication and collaboration within accounting and taxation teams, especially when using SAP FICO.

Industry Expectations

The course is designed to equip students with the skills and knowledge needed to effectively utilize SAP S/4 HANA for accounting and taxation processes. By gaining a thorough understanding of SAP FICO, students will be prepared to apply this knowledge in professional roles within accounting and taxation departments.

Placement opportunities

These placements allow students to apply their knowledge of SAP S/4 HANA for accounting and taxation processes in a professional setting. This practical experience is invaluable for their future careers. Additionally, these placements provide students with the opportunity to connect with potential employers, which can lead to future job opportunities. Overall, these placement opportunities enrich the students' learning journey and prepare them for successful careers in accounting and taxation with SAP. It provides them with the practical skills and industry connections they need to succeed in the field.

Career Growth

The course equips students with the necessary technical skills and knowledge to SAP S/4 HANA Finance, Tally prime, GST, TDS and TCS Calculation. With a strong foundation in SAP S/4 HANA Finance, individuals can pursue various career paths within the accounting and taxation field. They can work as SAP power user, financial analysts, tax specialists, or even as finance managers within organizations. The ability to leverage SAP's technology for financial reporting, analysis, and compliance makes these professionals highly sought after in the job market. Overall, the career growth potential for individuals with expertise in accounting and taxation with SAP is significant. With the right skills and knowledge, professionals in this field can enjoy a rewarding and successful career with opportunities for continuous learning and advancement.