Certificate in Financial & Cost Accounting

Description

Course Name: Certificate in Financial & Cost Accounting

Course Id: CFCA/Q1001.

Eligibility: 10+2 Grade (Higher Secondary) or Equivalent.

Objective: A Certificate in Financial & Cost Accounting course is designed to provide students with a comprehensive understanding of both financial accounting and cost accounting. This course is ideal for individuals who want to pursue careers in accounting, finance, or business management, and it covers the skills necessary to handle financial transactions, prepare financial statements, and analyze costs within an organization.

Duration: Three Months.

 How to Enroll and Get Certified in Your Chosen Course:

 Step 1: Choose the course you wish to get certified in.

 Step 2: Click on the “Enroll Now” button.

 Step 3: Proceed with the enrollment process.

 Step 4: Enter your billing details and continue to course fee payment.

 Step 5: You will be redirected to the payment gateway. Pay the course and exam fee using one of the following methods:
Debit/Credit Card, Wallet, Paytm, Net Banking, UPI, or Google Pay.

 Step 6: After successful payment, you will receive your study material login ID and password via email within 48 hours of fee payment.

 Step 7: Once you complete the course, take the online examination.

 Step 8: Upon passing the examination, you will receive:
• A soft copy (scanned) of your certificate via email within 7 days of examination.
• A hard copy (original with official seal and signature) sent to your address within 45 day of declaration of result.

 Step 9: After certification, you will be offered job opportunities aligned with your area of interest.

Online Examination Detail:

Duration- 60 minutes.
No. of Questions- 30. (Multiple Choice Questions).
Maximum Marks- 100, Passing Marks- 40%.
There is no negative marking in this module.

Marking System:
S.No.	No. of Questions			Marks Each Question		Total Marks
1	10			5		50
2	5			4		20
3	5			3		15
4	5			2		10
5	5			1		5
	30					100
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		40-50	P (Pass)
7		0-40	F (Fail)

 Key Benefits of Certification- Earning a professional certification not only validates your skills but also enhances your employability. Here are the major benefits you gain:

 Practical, Job-Ready Skills – Our certifications are designed to equip you with real-world, hands-on skills that match current industry demands — helping you become employment-ready from day one.

 Lifetime Validity – Your certification is valid for a lifetime — no renewals or expirations. It serves as a permanent proof of your skills and training.

 Lifetime Certificate Verification – Employers and institutions can verify your certification anytime through a secure and reliable verification system — adding credibility to your qualifications.

 Industry-Aligned Certification –All certifications are developed in consultation with industry experts to ensure that what you learn is current, relevant, and aligned with market needs.

 Preferred by Employers – Candidates from ISO-certified institutes are often prioritized by recruiters due to their exposure to standardized, high-quality training.

 Free Job Assistance Based on Your Career Interests – Receive personalized job assistance and career guidance in your preferred domain, helping you land the right role faster.

Syllabus:

Introduction to Financial Accounting: Basics of financial accounting, Accounting principles and concepts, Double-entry bookkeeping system, Journal entries and ledger accounts, Trial balance and adjustments, Preparation of financial statements, Bank reconciliation statement, Depreciation accounting methods, Accounting errors and rectifications, Overview of accounting software.

Business Transactions and Final Accounts: Types of business transactions, Purchase and sales accounting, Cash book and petty cash management, Accounts receivable and payable, Inventory valuation and stock management, Adjusting and closing entries, Preparation of Profit & Loss Account, Balance Sheet preparation and analysis, Financial statement interpretation, Impact of accounting policies on financial reporting.

Cost Accounting Fundamentals: Introduction to cost accounting, Difference between financial and cost accounting, Costing methods and techniques, Elements of cost – materials, labor, and overheads, Classification of costs – fixed, variable, direct, and indirect, Cost control and cost reduction techniques, Cost sheet preparation, Marginal costing and break-even analysis, Standard costing and variance analysis, Importance of cost accounting in decision-making.

Costing Methods and Techniques: Job costing and batch costing, Process costing and contract costing, Activity-based costing (ABC), Absorption costing vs. marginal costing, Budgetary control and forecasting, Target costing and lifecycle costing, Cost-volume-profit analysis, Pricing decisions and cost behavior, Cost allocation and apportionment, Practical applications of costing in business.

Budgeting and Financial Planning: Introduction to budgeting, Types of budgets – cash, sales, production, flexible budgets, Master budget preparation, Budget variance analysis, Capital budgeting techniques, Working capital management, Cash flow and fund flow analysis, Investment decision-making, Financial planning and forecasting, Role of budgeting in strategic management.

Taxation and Compliance: Basics of direct and indirect taxes, Overview of GST and tax compliance, Income tax fundamentals for businesses, TDS and its applicability, Filing tax returns and due dates, Input tax credit and tax deductions, Understanding tax slabs and exemptions, Payroll taxation and professional tax, Handling tax audits and scrutiny, Importance of ethical tax practices.

After successful completion of the Certificate in Financial & Cost Accounting program, graduates are equipped with knowledge in financial statements, ledger management, budgeting, cost control, and accounting standards. This makes them suitable for roles in finance departments, manufacturing units, accounting firms, and consultancy services across India.

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🎓 Career Options After Certificate in Financial & Cost Accounting

1. Accounts Executive / Accountant

• Role: Maintain financial records, prepare P&L statements, handle ledger entries, bank reconciliation, and assist in audits.

• Salary Range: ₹2 – ₹4.5 LPA (fresher); ₹5 – ₹7.5 LPA (2–4 years)

2. Cost Accountant Assistant

• Role: Help in tracking production costs, variance analysis, budgeting, and maintaining cost records.

• Salary Range: ₹2.5 – ₹5 LPA

• Preferred in manufacturing and production companies.

3. Finance Assistant / Executive

• Role: Support in financial planning, forecasting, and monitoring company expenditures.

• Salary Range: ₹2.2 – ₹4.8 LPA

4. Budget Analyst (Junior Level)

• Role: Assist in preparing departmental budgets, monitoring variances, and suggesting cost-saving strategies.

• Salary Range: ₹2.5 – ₹5.5 LPA

5. Audit Assistant

• Role: Work under auditors to verify financial records, cost books, and compliance reports.

• Salary Range: ₹2 – ₹4.5 LPA

6. Inventory & Cost Control Executive

• Role: Analyze inventory levels, control waste, and optimize material costing.

• Salary Range: ₹2.5 – ₹5 LPA

7. Payroll Officer

• Role: Prepare employee payroll, handle PF, ESI, TDS deductions, and maintain salary records.

• Salary Range: ₹2 – ₹4.5 LPA

8. Tally or ERP-Based Accountant

• Role: Use Tally/Busy/Zoho Books to manage books of accounts, handle GST entries, and prepare reports.

• Salary Range: ₹1.8 – ₹4 LPA

9. Freelance Financial Accountant / Consultant

• Role: Handle accounts for small firms, prepare balance sheets, cost analysis, and GST filing.

• Earning Potential: ₹15,000 – ₹70,000/month depending on clients

10. Back Office Executive (Finance Domain)

• Role: Perform data entry, voucher processing, invoice verification, and reporting support.

• Salary Range: ₹1.5 – ₹3.5 LPA

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🏢 Industries That Hire Financial & Cost Accounting Professionals

• Manufacturing & Production Units

• Accounting & Tax Consultancy Firms

• IT/ITES Companies

• E-commerce and Retail Firms

• Hospitals, Schools, and NGOs

• Government Contractual Projects (Finance Clerks)

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📘 Key Skills Acquired

• Finalization of Accounts

• Cost Sheet Preparation

• Budgeting and Variance Analysis

• Marginal Costing, Standard Costing

• Journal, Ledger, Trial Balance

• Tally ERP or other Accounting Software

• GST and TDS Calculations

• Payroll Accounting

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📈 Career Growth Path