Detailed course syllabus for
Basic Accounting & Tally Foundation
Chapter 1: Basic Accounting
Introduction
- Accounting
- Finance
- Difference between Accounting & Finance
Accounting Cycle
- Accounting Cycle
Methods and Classification
- Method of Accounting
- Single entry accounting
- Double Entry Accounting
- Assets – Liabilities = Capital
- Classification of Accounts
- Traditional Approach (also known as the Golden Accounting Rule)
- Personal Accounts
- Impersonal Accounts
- Real Accounts
- Nominal Accounts
US Accounting Rule
- Practical/US Accounting/Modern Rule
- Modern/US Accounting Rule
- Accounting Entry Process
- Examples
Case Study 1
Case Study 2
Assignment 1
Assignment 2
Chapter 2: Company creation and data management
Introduction
- What is TallyPrime?
- History of TallyPrime
- Uses of TallyPrime
- Install TallyPrime
Creation of New Company
- Steps to create a new Company
- Company Creation in Tally
Data Backup & Restore
- Backup & Restore of Company Data
Case Study
Assignment 2
Chapter 3: Voucher Entries in Tally
Introduction
- Voucher Entry
- Voucher
- Voucher Types in Tally Prime
- View the list of Voucher Types in Tally Prime
Ledger Grouping
- Ledger
- Groups
- Mapping a Ledger to a Group
- Hierarchy in Tally
- Default Groups / Sub-Groups in Tally
- Create a Ledger
- Alter the ledger
- Delete the ledger
Asset Grouping
- Assets Detailed Grouping in tally
- Primary Group: Fixed Asset
- Primary Group: Investment
- Primary Group: Loans & Advances
- Primary Group: Current Asset
Liability Grouping
- Liabilities Detailed Grouping in Tally
- Primary Group : Capital Account
- Primary Group: Reserve & Surplus
- Primary Group: Loans & Liability
- Primary Group: Current Liabilities
P & L Grouping
- P & L Detailed Grouping in tally
- Primary Group: Purchase Account
- Primary Group: Direct Expenses
- Primary Group: Sales Account
- Primary Group: Indirect Expenses
Shortcut Keys
- Shortcut Keys
- Keyboard Shortcuts to Open Vouchers
- Keyboard Shortcuts – Vouchers & Masters
Voucher Entry Process
- Voucher Entry Process in TallyPrime
- Contra
- Receipt
- Payment
- Journal
- Purchase
Case Study
Assignment
Chapter 4: Concept of Dual Entry
Introduction
- Method of Accounting
- Cash based accounting
Accrual Based Accounting
- Accrual Based Accounting
- Features of Accrual Basis of Accounting
- When to Avoid the Accrual Basis of Accounting?
- Due & Payment Entries
Cash Based Accounting
- Cash Based Accounting
- Cash Based Accounting
Case Study
Assignment
Chapter 5: Finalisation of ledger balances
Introduction
- Finalisation of Ledger Balances
Payroll Ledgers
- Payroll Ledgers Finalisation
TDS Finalisation
- TDS Entry Finalization:
GST Finalisation
- GST Ledger Finalisation:
Special Cases
- Special Cases
- Goods Returns
- Fixed Assets and Depreciation
- Bad Debts
Case Study 1
Case Study 2
- Company Details
- Transactions
- Annexure 1: Salary Statement for the month of July
Assignment
- Assignment
- Transactions
- Annexure 1: Salary Statement for the month of July
Chapter 6: Bank Reconciliation Statement
Introduction
- Bank Reconciliation Statement (BRS):
Steps in BRS
- Steps for Bank Reconciliation in Tally Prime:
Case Study
- TDS Entry Finalization: