Description
Course Name: Diploma in Financial Accounting
Course Id: DFA/Q1001.
Education Qualification: 10th Pass.
Duration: 370 Hrs.
How You will Get Diploma Certificate:
Step 1- Select your Course for Certification.
Step 2- Click on Enroll Now.
Step 3- Proceed to Enroll Now.
Step 4- Fill Your Billing Details and Proceed to Pay.
Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.
Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.
Step 6- After Payment You will receive Study Material on your email id.
Step 7- After Completion of Course Study give Online Examination.
Step 8- After Online Examination you will get Diploma Certificate soft copy(Scan Copy) and Hard Copy(Original With Seal and Sign).
Step 9- After Certification you will receive Prospect Job Opportunities as per your Interest Area.
Online Examination Detail:
- Duration- 120 minutes.
- No. of Questions- 60. (Multiple Choice Questions).
- 10 Questions from each module, each carry 10 marks.
- Maximum Marks- 600, Passing Marks- 40%.
- There is no negative marking in this module.
| How Students will be Graded: | ||
| S.No. | Marks | Grade |
| 1 | 91-100 | O (Outstanding) |
| 2 | 81-90 | A (Excellent) |
| 3 | 71-80 | A (Very Good) |
| 4 | 61-70 | B (Good) |
| 5 | 51-60 | C (Average) |
| 6 | 41-50 | P (Pass) |
| 7 | 0-40 | F (Fail) |
Benefits of Certification:
- Government Authorized Assessment Agency Certification.
- Certificate Valid for Lifetime.
- Lifetime Verification of Certificate.
- Free Job Assistance as per your Interest Area.
Syllabus
Diploma in Financial Accounting
Financial Accounting
Accounting, Basic of Accounting, Definition, Concepts and Conventions, Functions, Advantages, Limitations, Branches, Double Entry Principle, Accounting As An Information System, Users of Accounting Information, Essential Features of Accounting Principles, Accounting Standards, Utility of Accounting Standards, Procedure of Preparing, Propagation, Preface To Statements, Indian Accounting Standards, Disclosure of Accounting Policies, Accounting Process, Subsidiary Books, Illustration of Purchase Book, Purchase Book, Sales Book, Purchase Return Book, Sales Return Book, Cash Book, Triple Column cash book, Petty Cash book, Trial Balance.
Cost Accounting
Definition, Scope, objectives and significance of cost accounting, its relationship with financial accounting and management accounting, Cost Objects, Cost centers and Cost Units, Elements of cost, Classification of costs, cast ascertainment- elements of cost, Procurement of Materials, Inventory Management and Control, Inventory Accounting & Valuation, Physical Verification, treatment of losses, Scrap, spoilage, defectives and wastage, Employee Costs, Time keeping, Time booking and payroll, Labour Turnover, Overtime and idle time, Principles and methods of remuneration and incentive schemes, Employee cost reporting and measurement of efficiency.
Financial Reporting
Intellectual levels, Learning hours and educational recognition, Relational diagram linking Financial, The conceptual and regulatory framework for financial reporting, Recognition and measurement, Regulatory framework, Accounting for transactions in financial statements, Tangible non-current assets, Intangible assets, Impairment of assets, Inventory and biological assets, Financial instruments, Leasing, Provisions and events after the reporting period, Reporting financial performance, Government grants, Foreign currency transactions.
Management Accounting
Meaning, Concepts and Objectives, Merits and Demerits of Standard costing, Prerequisite for establishment of standard costing, Efficiency and Activity Ratios, Variance Analysis and Control, Definition, Assumptions and Uses, Marginal Costing Vs. Absorption Costing, CVP /BEP Analysis, Key factors and Safety Margin, Managerial Decision Making Areas – Product Mix, Make or Buy, Pricing Decisions, Concepts and Objectives, Merits and Demerits of Budgetary Control, Fixed and Flexible Budget, Cash Budget and master Budget, Zero based Budgeting, Need of reconciliation, Remodeling Financial Records, Reconciliation of Profits, Methods of Reconciliation.
Taxation
Basic Concepts and definitions, Capital and Revenue Receipts, Basis of charge and scope of total income, Residential status and incidence of tax, Income, which do not form part of total income, Introduction, Direct Tax & Indirect Tax, Constitutional Validity of Taxes, Administration of Tax Laws, Sources of Income Tax Laws in India, Basic Principles for Charging Income Tax, Assessment Year, General Points to be kept in Mind Regarding Residential Status of a Person, Determination of Residential Status, Incidence of Tax, Income Received in India.
Principal of Auditing & Governance & Company Law
Detection and prevention of Errors, Detection and prevention of frauds, Advantages of audit to the owners of the business, Advantages of Auditing to others, Limitations of Auditing, Non-detection of errors or frauds, Dependence on explanation by others, Dependence on opinions of others, Conflict with others, Effect of inflation, Corrupt practices to influence the auditors, No assurance, Inherent limitations of the financial statements, Detailed checking not possible, Auditing is a post mortem examination of accounts, Distinction between accounting and auditing