Accounting has always been a fundamental pillar of any company, without it, no business would have the X-Ray of its finances and wouldn’t be able to make wise decisions to maximize its growth. According to the Economic Times India, the search engine Just Dial detected a 47% growth in demand for Chartered Accountants for this first quarter of the Fiscal year 2023, compared to the same quarter last year. Imagine gaining knowledge in Accountancy, Taxes, and the most demanded software, Tally. Getting a competitive advantage in today’s world is a must; business accounting and taxation courses in Mangalore are the door to it.
What is BAT?
Accounting is one of the oldest professions in history, some of its records date back to ancient civilizations due to its importance. Being such an ancient discipline, it has evolved in many ways, some examples are financial, managerial, and tax accounting.
BAT stands for Business, Accounting, and Taxation, to get a clear definition of BAT, let us start by defining Business Accounting and Taxation. Business Accounting is defined by the internet portal Business News Daily as “the process of collecting and analyzing financial information for a company”.
Investopedia defines Taxation as “when an authority imposes a financial obligation to its citizens or residents”. When put together, the aspiring candidate gets in-depth knowledge of Financial Accounting best practices and connects the dots to the most used software and tools such as Tally, BUSY, and Microsoft Office.
At the same time, it integrates the information with the most current taxation systems and concepts in India. As a financial professional, it is essential to dominate these concepts, especially, how these disciplines connect and interact with each other in the real world, therefore, it is a practical must-have knowledge to get ahead in your career.
BAT comes in a course or certification format, you decide which one adapts to your time and needs, as there are many options for business accounting and taxation courses in Mangalore.
Career Scope After a BAT Course
Globally, numerous industries are developing, including, Blockchain, AI, social media, and innovations in the IT Sector. Financial professionals will always have a place in the professional world, whether it’s freelance or working professionals. BAT programs broaden career prospects because they provide complementary knowledge. Here is a brief list of the options any professional may choose from:
- Auditing Assistant/Manager: Professionals are in charge of analyzing and monitoring the numbers within different accounts, and preparing reports on that work.
- Accounting Manager/Assistant: These professionals track down, and register the expenses, prepare budgets, and financial reports, and provide the financial scope of any company.
- Audit/Tax Specialist: Tax professionals evaluate financial systems, and tax reporting procedures, and contribute the fiscal well-being by respecting tax regulations.
- Risk Manager: With the uncertainty going on in the world, risk has become one of the most valued skills. To evaluate risk appropriately, it’s important to have a piece of comprehensive knowledge in all financial areas, to elaborate more accurate risk models and give companies a better vision for the future.
- Budget Specialists: Budgets are an essential part of any company, as they give clarity of where the spent categories are and give a future scope and vision of where money needs to be allocated.
Industries grow and develop worldwide, and global opportunities are out there, making the timing perfect for business accounting and taxation courses in Mangalore.
Rank #1. BAT Courses in Mangalore
1. Business Accounting and Taxation Course- IIM SKILLS (BAT)
In the educational field, IIM SKILLS has always been at the forefront, researching and understanding the market to provide the best education to its students. Understanding the importance of finance, IIM SKILLS has created one of the most competitive and holistic business accounting and taxation courses in Mangalore.
It’s a comprehensive program that complements itself well with other vital tools and fields like banking, business operations, financial data, accounting, taxation, payroll, and more. Those who are seeking a comprehensive approach to finance and accounting will find this course to be an invaluable program.
The BAT Course offers a four-month self-study structure and it is recognized by the Government of India. The program has six detailed and comprehensive modules, please keep in mind the concepts per module are extensive, and that, these are some of the main concepts taught:
Module 1 – Accounting and Accounting in Tally (25 hours): This module is divided into three sections: Accounting, Advance Tally ERP9, and Tally Prime and Advanced Accounting in Tally.
Among the concepts covered in this module are:
- Basics of Accounting and Types of Accounts in Tally
- Accounting Standard (GAAP)
- Creating Inventory Masters and Management
- Bills of Materials
- Balance Sheet and Review
Module 2- GST and GST in Tally (22 hours): This module is divided into three sections which are divided into three parts: Basics of GST, GST in Tally, and GST Filling online and offline.
Among the concepts covered in this module are:
- Introduction of Goods and Services (GST)
- Input Tax Credit and Payment
- Basics of GST in Tally
- Files GSTR3B from Tally in all its forms
- LUT
Module 3-TDS and TDS in Tally (20 hours): This module is divided into two sections which are divided into three parts: Basics of TDS and TDS in Tally.
Among the concepts covered in this module are:
- Introduction to TDS and the Process
- Payments, Inventory, Adjustments, and Sales in TDS
- TDS features in Tally
- Recording of Transactions in Tally
- Reversal of Excess in TDS
Module 4-Payroll and Payroll with Tally (12 hours): This module is divided in two sections: Basics Payroll and Payroll with Tally.
Among the concepts covered in this module are:
- Payroll Accounting, Compliance, and Paysheets
- Accounting for Employees
- Configuring Payroll in Tally
- Processing Payroll in Tally
Module 5-Payroll and Payroll with Tally (23 hours): This module is divided into two sections: Basics of Income Tax with Tally and Income Tax E-Tally.
Among the concepts covered in this module are:
- Introduction of Income Tax
- Pay Head creation, Process Salary for Income Tax deduction
- Computation and Filing ITR01,02,03,04,05,06.
- Income Tax Reports
Module 6-Payroll and Payroll with Tally (8 hours): This module is divided into two sections: Advanced Excel and MIS Reporting and Financials.
Among the concepts covered in this module are:
- Introduction to advances Excel tools (Data Tables, Graphs, Pivot Tables, Formulas, Macros, etc)
- Objective and Advantage in MIS
- MIS and Excel for financials
Apart from Excel and Tally, the other tools covered in the program are QuickBooks and BUSY. The program is tailored and made for professionals in all stages in Finance, Commerce, Business, Entrepreneurs, Accountants, or any other fields regarding Economics.
The sessions are completely live and interactive; however, IIM Skills understands the hectic world we live in so the sessions are recorded and the student has access 24/7, all year long with lifetime access. Besides traditional academics, IIM SKILLS offers interesting internship opportunities, career assistance through job referrals, interview preparation, resume instruction, and career orientation.
IIM SKILLS makes a lifelong commitment to its students, giving them lifetime support in case there’s any carrier dilemma or question post-program completion. These unique benefits make IIM SKILLS a top choice for business accounting and taxation courses in Mangalore.
Email: info@iimskills.com
Contact Number: +91 9580 740 40
Website: www.iimskills.com
Rank #2. BAT Courses in Mangalore
2. Postgraduate Program in Business Accounting and Taxation (PGP-BAT)-EduPristine
EduPristine is a good option for anyone looking to emerge and have a deeper knowledge of the complex accounting world. This institution was founded in 2008 by former MNCs from Goldman Sachs and Standard Chartered.
Over time, it has built a strong network of live classrooms in various cities in India. It currently has a strong network with online and classroom programs and it’s a viable choice to consider when it comes to business accounting and taxation courses in Mangalore.
The PGP-BAT offers an online and classroom modality and it is composed of 200 hours and 9 modules, with an implementation project per module to get the candidate hands-on experience in the real world. The concepts per module are extensive, therefore, some of the concepts in each module are:
Module 1: Basics of Accounting and Accounting in Tally Prime
- The importance and accounting
- The flow of business transactions
- Financial Statements and its components
- Overview of Accounting Standards
- Business organizations allowed in India
Module 2: Basics of GST and GST in Tally Prime
- Structure and GST concepts
- Tax Payment, interests, fees of GST
- Reconciliation with GST
- Types and GST rates
- Invoicing in GST
Module 3: Income Tax and Income Tax in Tally Prime
- Income Tax Concepts
- Types of Tax Incomes
- Modes of Tax Payments
- TDS rates payments and penalties.
- Taxation worldwide.
Module 4: Payroll
- Payroll Concepts and Components
- Payroll Cycle
- Modes of Tax Payments
Module 5: Excel for Accounting and MIS
- MS Excel for accountants
- Excel tools like Pivot Tables, Graphs, Charts
- Reports on Excel
Module 6: Finalisation of Financial Statements
- Balance Sheet and PL Statements
- Cashflow statements
- Ratio Analysis
Module 7: BUSY Software
- Concepts to get started with BUSY
- Creation of ledgers and inventory items in the software
- GST Reports and Extractions
- Trial Balance
Module 8: SAP
- SAP Usages
- Accounting module in accounts payable and accounts receivable.
Module 9: Soft Skills for Accountants
- Communication in the Business Place.
- Effective Written and Spoken Communication.
Please have in mind, that is course is best fitted for fresheners or Commerce Graduates with knowledge of Finance and Accounting.
By the end of the course, each candidate will receive a certificate and placement assistance and it’s definitely an option to consider when it comes to business accounting and taxation courses in Mangalore. For more information, please visit the official website.
Also, Check:
- Business Accounting and Taxation Courses in India
- Business Accounting and Taxation Courses in Hyderabad
- Business Accounting and Taxation Courses in Guwahati
- Business Accounting and Taxation Courses in Kochi
- Business Accounting and Taxation Courses in Tamil Nadu
Rank #3. BAT Courses in Mangalore
3. Business Accounting and Taxation (BAT)-ICA Edu Skills
Ica Edu Skills is a training institute focused on Computerized Accounts and Taxation Courses since 1999. It supports the Government in its skill agenda by offering practical training in each course to release proficient professionals into the market.
The BAT Programme offers 170-hour long program in live-class modality and it’s composed of 5 comprehensive modules that combine theory with practice. Some of the concepts taught per module are:
Module 1: Business Accounting (36 hours)
- Introduction to Accounting
- Accounting Concepts and Applications
- Capital Transactions
- Journal Data Entry
- Inventory Valuation
Module 2: Tally Prime (51 hours)
- Accounting Concepts in the Software
- Bill of materials, Purchases, and Sales
- GST using Tally Prime
- TDS and Reports
- Security in Tally
Module 3: GST (27 hours)
- Basic Concepts of GST
- Payments and Tax Returns
- GST using Tally Prime
- Tax returns
- Practice GSTN and Project
Module 4: TDS (11 hours)
- Basic Concepts of TDS
- Payments with TDS
- TDS with Tally
- TDS Return
Module 5: Microsoft Office (45 hours)
- Windows 10 concepts
- MS File Management
- Data Base Concepts
- Working with Google Drive.
The course has a 4-week duration, in which, the student will only get access to the platform for that period. In case, any student misses any class, the recording is available, but keep in mind, the access is only for those 4 weeks.
The program is suitable for a minimum of 10+2 graduate students. The eligibility is determined by a test conducted by ICA. In the end, the candidate will get a completion certificate. It is an option to consider when it comes to business accounting and taxation courses in Mangalore.
For further information, please go to the institute’s official website.
Phone: +9181007044872
Email: crm@icagroup.in
Rank #4. BAT Courses in Mangalore
4. Advance Diploma in Business Accounting and Taxation-National Institute of Financial Markets (NIFM)
The National Institute of Financial Markets is a pioneer in the financial education industry and offers job-oriented courses. This is a 12-month program with pre-recorded online lessons in Hindi, in which, the student can learn at their own pace. The offers 7 comprehensive modules Tally ERP 9 and Tally Prime, some of the concepts taught per module are:
Module 1: Basics of Accounts and Tally
- Accounting basics and concepts
- Basics of the Accounting System
- Practical Training in Tally ERP 9 and Tally Prime
- Advanced features of Tally ERP 9 and Tally Prime
Module 2: Goods and Service Tax (GST)
- Applications of GST
- GST Vouchers for Tally ERP 9 and Tally Prime
- Tax Collections and Tax Deductions
Module 3: Payroll Management in Tally ERP9
- Payroll Configurations
- Payroll Compliance in Tally ERP
Module 4: Payroll
- Payroll Concepts and Components
- Payroll Cycle
- Modes of Tax Payments
Module 5: Returns of Tax Deductions (TDS/TCS)
Module 6: Filing for Tax Returns
Module 7: Registration and Compliance with MCA Portal
- Tour and functioning of MCA Portal mca.gov.in
- Process of registration for companies
- Audit and Taxes
Even though the course is in Hindi, the materials are given in English. By the end of the program, the candidate will receive a lifetime validity certificate. If you are looking for a self-paced course, this is an option to consider for business accounting and taxation courses in Mangalore. Have in mind that this course is more suitable for students with commerce background, accounting and finance professionals, or any aspiring accounting professionals.
For more information, please visit the official site.
Email: info@nifm.in
Phone: 00-99-103-005-90
Rank #5. BAT Courses in Mangalore
5. Business Accounting and Taxation Basic Couse-Synergy
Synergy School of Business is a division Of CAD centers and it is one of India’s largest training institutes for short-term courses for professionals. Among its specializations include Kaizen, Six Sigma, and Project Management, and recently it has launched BAT as a new addition to its course family.
This newly released BAT program adds another option to the business accounting and taxation courses in Mangalore. This is a 2-month self-paced online course with a dedicated computer lab, and case studies to give the students real-life perspective of real-life situations.
The course consists of 5 sections, and some of the concepts taught per section, are:
Module 1: Practical Accounting
- Introduction to Accounting
- Accounting Concepts
- Company Creations in Tally Software
- Ledgers and Journals
Module 2: Advanced Excel Concepts
- Analysis
- Excel Tools: Pivot Tables, Graphs, Charts, etc.
- Validation of Data
Module 3: Payroll
- Payroll Process and Calculation
- Salary Concepts
- Payment Components
- Payroll in Excel
Module 4: Good and Service Tax (GST)
- Introduction to GST
- GST Structure in India
- Purchase and Sales
- GST Forms and Reports
Module 5: Income Tax
- Sources of Income
- Exemptions and Tax Deductions
- Tax Calculations
The program is suitable for fresheners in Accounting and Taxation, Professionals in Commerce background, or Accounting Professionals. This a short-term option to consider when it comes to business accounting and taxation courses in Mangalore.
For further information, please go to the institute’s official website.
FAQs
1. What is the difference between an Accounting and a BAT Course?
Although they are sister disciplines, there are some differences between both courses. Accounting covers topics like income statements, bookkeeping, balance sheets, profit and loss statements, bank reconciliation, accounts receivable and accounts payable, and taxes. The knowledge in these topics is extensive and it is recommended to take a long-term career or an extensive program that allows any professional to have the best insight and knowledge in that extensive discipline.
A BAT program is a complementary tool and the duration of the program go from 4 months to a year. It is recommended for professionals with a background in finance and accounting. This program familiarizes and helps students interconnect vital subjects: Income statements, Balance sheets, Cashflow statements Payroll with important software like Tally, BUSY, Excel, Taxes, and Tax legislation. It is a good opportunity to study business accounting and taxation courses in Mangalore.
2. What are the best BAT courses in Mangalore?
Choosing a course is a personal choice and it depends on your situation and career ambitions. When choosing a BAT course, consider the following:
- Duration: Consider the duration of the program and how much time and effort you are willing to commit.
- Content: When evaluating a program, transparency, and details are important as they are the main decision-maker factors. Make sure that the course content is clear and detailed and that it has a holistic approach that includes soft skills.
- Financing: In this life, there is no free lunch, and good education costs money. Evaluate financing costs and financial options and the program of your choice will pay off in the medium to long run.
There is a vast supply of business accounting and taxation courses in Mangalore. Among the options, IIM SKILLS offers one of the most comprehensive programs in the market.
3. What is the advantage of having a certificate recognized by the Government of India?
The supply of courses is vast, but when choosing one, it is important to take into account the credibility of the school you are choosing. Government accreditations are an important factor to take into account as they give more credibility to the student in the eyes of their future employer. A certificate recognized by the Government of India ensures the employer and the student itself that the knowledge and skills acquired meet the competencies required by industry standards.
Please keep in mind, that getting accreditation is not an easy task, as institutions that are granted such recognitions must meet multiple requirements and meet the minimum quality standards to get validated by the educational authorities in the country. Consider the credibility of the institution when choosing business accounting and taxation courses in Mangalore.
Conclusion
Accounting is a profession that has been around since the invention of the monetary system. Any business, anywhere in the world, must track, control, and document financial transactions. Accountants will always have a place in the labor market; however, the world is changing at a rapid pace, faster than one may realize. Even though the projected growth for accountants is promising, knowledge in simple accounting is not enough anymore, especially with the automation era here.
In this new Digitalization era, opportunities have risen, and so have innovation and competition. Today an accountant must have interdisciplinary knowledge not just in numbers, but in learning new technologies and tools, critical thinking, negotiation, psychology, and communication skills. It is crucial and one’s responsibility to update the learning, we set ourselves out to do.
Life is about evolution, and the job market is no exception. The new digital era enables us to learn whatever we want from wherever we want. A BAT Course is seriously competitive as its programs involve numbers, software, and soft skills. Consider taking business accounting and taxation courses in Mangalore for a serious career boost in the vast financial arena.