Description
Course Name: Diploma in Financial Accounting & Tax Consultant
Course Id: DFATC/Q1001.
Eligibility: 10+2 or equivalent.
Objective: The Diploma in Financial Accounting & Tax Consultant is designed to equip students with advanced knowledge of financial accounting, management accounting, and financial reporting. It typically combines theoretical knowledge with practical skills in the use of accounting software, financial analysis, and decision-making in a business context.
Duration: Six 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- 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) |
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:
Fundamentals of Financial Accounting: Introduction to accounting, Accounting principles and concepts, Double-entry system of bookkeeping, Journal entries and ledger posting, Trial balance preparation, Rectification of errors, Preparation of financial statements, Depreciation accounting, Bank reconciliation statement, Final accounts of sole proprietorship.
Advanced Financial Accounting: Partnership accounting, Admission and retirement of partners, Dissolution of partnership firms, Accounting for non-profit organizations, Accounting for joint ventures and consignment, Branch and departmental accounting, Hire purchase and installment system, Royalty accounts, Investment accounts, Accounting for leases.
Computerized Accounting (Tally or Similar Software): Introduction to accounting software, Creating company and ledgers, Recording transactions, Inventory management, Bank reconciliation in software, Generating financial reports, GST compliance in accounting software, Payroll accounting, Backup and data security, MIS reports and analysis.
Direct Taxation (Income Tax): Basic concepts of income tax, Residential status and tax incidence, Heads of income, Deductions and exemptions, Computation of total income, Tax calculation for individuals and businesses, Filing of income tax returns, Advance tax and TDS provisions, Tax audit and compliance, Recent amendments in income tax law.
Indirect Taxation (GST): Introduction to GST and its structure, Registration process under GST, Taxable events and taxable persons, Input tax credit mechanism, Tax invoice and e-way bill system, GST returns filing process, Composition scheme, Reverse charge mechanism, GST audits and assessments, Penalties and appeals under GST.
Tax Planning and Consultancy: Concept and importance of tax planning, Tax saving instruments and strategies, Tax planning for individuals and businesses, Corporate tax planning, International taxation basics, Transfer pricing regulations, Tax consultancy ethics and responsibilities, Representation before tax authorities, Tax compliance management, Case studies on tax planning.
Job Opportunities after completion of Diploma in Financial Accounting & Tax Consultant course:
Graduates of a Diploma in Financial Accounting & Tax Consultant can explore careers in accounting, finance, and related fields. Below are the detailed career options:
Career Options
1. Accountant
- Manage financial records, bookkeeping, and reporting.
- Prepare budgets, financial statements, and tax returns.
2. Tax Consultant
- Assist individuals and businesses with tax planning and compliance.
- File income tax, GST, and other statutory returns.
3. Financial Analyst
- Analyze financial data and trends to guide investment decisions.
- Assist in budgeting, forecasting, and financial planning.
4. Internal Auditor
- Evaluate company operations and financial processes for compliance.
- Identify areas for improvement in risk management and controls.
5. Accounts Payable/Receivable Specialist
- Manage vendor payments and customer invoices.
- Reconcile accounts and maintain accurate records.
6. Payroll Specialist
- Process employee salaries, benefits, and deductions.
- Ensure compliance with labor laws and tax regulations.
7. Banking Professional
- Work in roles like loan officer, credit analyst, or branch manager.
- Handle financial operations and client relationship management.
8. Budget Analyst
- Monitor organizational budgets and spending.
- Ensure proper allocation of financial resources.
9. Cost Accountant
- Analyze costs related to production or services.
- Assist in pricing strategies and cost control.
10. Financial Planner
- Help clients with investment strategies, savings plans, and retirement goals.
Industries
- Accounting & Audit Firms
- Banking & Financial Services
- Corporate Finance Departments
- Tax Consulting Firms
- Government and NGOs
Certifications for Growth
- Tally ERP
- GST Certification
- Chartered Accountant (CA) or Certified Management Accountant (CMA) for advanced roles
The demand for financial professionals is consistent due to the critical role of accounting in all organizations.
In India, the salary range for Post Graduate Diploma in Financial Accounting graduates typically is:
- Entry-level: ₹2.5–5 LPA
- Mid-level: ₹5–10 LPA
- Senior-level: ₹10–20+ LPA
Specialized roles like Tax Consultant or Financial Analyst can command higher salaries, especially with relevant certifications or experience.
Internationally, entry-level salaries range from $30,000–$50,000/year, with senior roles earning significantly more depending on location and industry.