Top 5 BAT Training Course With Practical Training
Are you looking for a BAT training course that provides the best understanding of concepts in accounting, taxation, and payroll policies, as well as the core ideas within the discipline of economics? Then it’s time for you to check out this lucid article of ours, which helps you choose the best of all BAT courses that suit you to acquire the necessary knowledge and skillset to manage an organization across many of its divisions like sales, accounting, and taxation. It is essential to understand what Business Accounting and Taxation is all about, the central part of the training course so that the course specifics can be seen later. Let’s get started and see what are all the key concepts of this discipline.
Accounting information is used by every business-driven organization that possesses economic resources such as money, machinery, and infrastructure and so it is known as the “language of business”. Accounting is also used by non-profit organizations like government institutions, religious institutions, charities, and other service-oriented bodies to communicate financial statements.
Through the financial data delivered by the business accountants, a wide range of important people concerning the business study, analyze and evaluate the performance of the companies. For example, the banks examine a company’s financial statements to assess its ability to repay a loan.
Investors might compare accounting data from various businesses to plan out their investments. Accounting also gives key financial data to management, which assists them in making decisions. Overall, one can say that Business Accounting helps render thorough data of an organization’s financial affairs so that various kinds of evaluation and decision-making processes at different stages become easier.
Uses of Business Accounting
From the financial statement generated by business accounting, one can get to know –
o Is the firm profitable enough that its revenue exceeds its expenditure or is it running at loss?
o How much money does the company require to pay its bills and employees
o What are the daily, monthly, and annual expenses of the company?
o What is the cost of producing the goods or providing the service?
o How much of a specific product (or combination of many) should the company manufacture & sell?
o How much money is owed to vendors (suppliers), banks, or other investors by the company?
o Do customers owe the company money and do they pay on time?
Taxes are the government’s most important and great source of revenue, aimed at the nation’s growth. When the companies follow the tax rules of a country or a state, the business would be highly esteemed, since paying taxes is a way of contributing back to the country’s development.
For a successful business, the firms should follow an effective tax policy and strategy so that they don’t have any tax liability and in turn, their profits scale up. When it comes to taxes in India, there are two types: direct and indirect taxes. Income tax, gift tax, capital gain tax, etc are examples of direct taxes, whereas indirect taxes include value-added tax, service tax, goods and service tax, customs duty, and other indirect taxes.
Tax accountants are essential in resolving a company’s tax-related challenges. They are well-versed in the policies and regulations of the taxes that dynamically change from time to time. Tax accountants can give timely advice to the decision-makers of companies, allowing them to avoid unnecessary tax risks and concerns.
Job Opportunities After Completing the BAT Training Course
Accounting and taxation experts play a paramount role in business firms, organizations, and industries and help in regulating and scaling up the business by providing the necessary data for making important decisions. They help in maintaining clean and clarified tax payments.
The BAT training course provides a strong foundation for all the candidates who aspire to have an eminent career in the accounting discipline. After finishing a BAT training course, one can expect to land in any one of the following job roles –
1. Finance Accounts Executives:
Finishing this course successfully, you will be hired as a financial account executive in any of the top companies, where your work will be to design the budgets for the company by solid forecasts and create rigorous programs to manage the tax procedures elegantly.
The executive will prepare quarterly and annual reports and conduct an audit to monitor and regulate internal issues of the company’s finance. By the completion of the BAT training course, the candidate will have developed hands-on experience in handling real-time issues in the world of auditing.
2. Auditing Assistant
As a fresher, completing the BAT training course, s/he will be recruited as an auditing assistant in big firms. Though the candidate will be involved in simple auditing tasks, s/he will grow his skills enough to curate all the audits of the company. Auditing assistants learn to analyze and monitor the financial statements and reports over time.
3. Tax Assistant
As a tax assistant being employed in a company, s/he will focus on whether the company has filed all its taxes duly within the deadline dates; not risking to account for the failed tax pays. The tax assistant who is working in the environment of finance and accounting of a company will compute, report and file the taxes payable by the company.
4. Accounting Assistant
A potential accounting assistant after the completion of the BAT training course will be recruited by organizations and firms in their accounting departments for tasks like budget evaluation, balance sheet preparation, documentation of important financial statements, and tracking of company expenses.
An Accounting Assistant’s primary responsibility at a company is to ensure that the accounting department operates efficiently. Their work includes assessing budgets, keeping track of account expenses, making balance sheets, and checking important documents like invoices, financial statements, and confirming balance sheets.
Also Read: Accounting Interview Questions Answers
Salary of a BAT Professional
The average salary of a candidate who finishes the BAT training course professionally will be around 1.5 LPA if his experience is less than 1 year. The higher end of the pay scale may be from 8.5 LPA and above when s/he has a great deal of experience. This will vary from one company to another.
Who is Eligible for BAT Course?
The BAT training course can be considered a post-graduate diploma program. A stream-specific degree isn’t mandatory but having one in the field of commerce, like B. Com or BBA is of great use, as it boosts one’s learning curve in the certification by giving an advantage to the participants.
Though it’s not an obligatory need to have a bachelor’s degree in the field of commerce, certain academies and training institutes consider it an absolute requirement to keep the standards of their education high. You may find yourself eligible if:
- If you are recently graduated in the field of commerce and are seeking a job upskilling yourself.
- If you have only less experience in your current job and so you want to switch to a high-paying job.
- If you want to acquire expertise in using various tools in the field of accountancy so that your skillset matches a job that requires efficiency in the industrial BAT practices.
What Do You Learn in the BAT Training Course?
1. Goods and Service Tax (GST)
Goods and service tax is a well-organized taxation structure levied on various articles. In this method of taxation, the articles are not taxed in multiple ways and so avoids complication. It is observed to be well structured because the taxes are broadly aggregated into four different slabs, in which the first one is null charge at 0%, where few items are excepted from GST completely.
The second slab ranges from 5% up to 12%. The next slab accommodates articles charging them with 18% tax. The final one is the highest slab with 28%, in which all luxury items are included. This is sometimes considered a demerit of this system. And it is followed by 18% which is the second-highest slab and pushes the luxury items in this slab.
GST is payable in two stages, namely, CGST (Central Goods and Services Tax) and SGST (State Goods and Services Tax). At times both these are integrated into one called IGST (Integrated Goods and Services Tax). By doing this course, you will be able to remodel prices and register the business, and e-file the taxes.
2. Direct Tax
Under direct taxes, there aren’t any intermediary bodies as it is in indirect taxes. They are levied on the income of various business firms and individuals over a financial year. There are quite a lot of slabs under which thousands of individual and corporate taxpayers are registered with the Income-tax department, for whom the tax-pay rates vary.
Different types of direct taxes are collected by the government like –
- Property tax
- Capital gains taxes
- Income tax
- Corporate taxes, etc.
Read here the BAT Course Details
Various Components of Payroll
You will get to learn in detail about various components of payroll by which you will be able to decide upon the salaries payable to the employees. There are some intricacies in the calculation of an annual payroll which is further divided into a monthly and daily basis. A few important components of the payroll are:
LWF – Labour Welfare Fund
HRA – House Rent Allowance
TA – Travelling Allowance
PPF – Provident Fund
In the old school, commerce tallying methods were done manually to report the credits and debits. But nowadays, with the assistance of enhanced software called Quickbooks complicated list of functions like management of accounts, entrees, crediting & debiting, liabilities, GST and loans are performed.
By using this software reports of accounting are created palatable to present to the banks for transactions. You will learn to balance the input and output cash flows, fix the company’s financial positioning, maintain balance sheets and other important statements
Excel Application in MIS Reporting
The entire accounting happens on super-powerful software that was designed and developed by Microsoft, called Microsoft Excel. This offers powerful features such as linking many sheets simultaneously and doing complex calculations, as well as generating reports, which is an integral part of the Management Information System (MIS), which is called MIS Reporting.
MIS Reporting and Excel
An important tool in the kit of Microsoft Office kit is Microsoft Excel which is a wonderful software powerful enough to do complicated tasks of accounting like linking multiple sheets in which complex calculations are carried out, to prepare a solid report. This process is an integral part of Management Information Systems (MIS) and it is called MIS reporting.
Local and Cloud Software for Accounting
Certain localized Software like CRMS, HRMS tools, Telephony, etc., that are tailormade to manage an entire system in an organization are introduced to you in the classes. Few other software like Bitrix24, Kredily, and Cloud Telephony which best suit the accounting environment; hosted on the clouds rather than physical installment are also introduced.
Top 5 Institutes Providing BAT Training Course
1. IIM Skills
IIM Skills, a leading online training provider offers the best BAT training course with staggering features. The quality-driven training curriculum is designed by the experts keeping in mind the latest industry trends. More so, it is periodically updated with the new elements coming up in the industry. Besides, the course program is practically-oriented and offers you 24*7 support via online LMS.
Duration: 4 months
Course Fees: 49900+taxes
Mode of Teaching: Exclusively online
The exhaustive and all-encompassing curriculum of Master BAT Course consists of 6 modules in total, which are:
- Accounting and Tally accounting
- Goods and Services Tax
- Payroll and its elements
- Income Tax
- Advanced Excel and MIS Reporting
Each module consists of the number of topics, download the detailed curriculum from the below-mentioned link:
Download Business Accounting and Taxation Course Curriculum
FIND WHY 20,000+ PEOPLE LOVE IIM SKILLS
There are no specific standards to apply for the course. The course is open to people from all walks of life and career stages.
Established in 2008, EduPristine with over an experience of 10 years in the field of Financial training and skill development provides the best BAT training course. It provides application-oriented knowledge by giving real-life case studies to the students. It also provides courses in soft skills and resume building.
Duration: Minimum 5 months (May vary based on the modules chosen and student’s commitment). Minimum 6 modules can be chosen + free soft skill training.
Course Fees: The cost of the program depends on the number of modules selected. To acquire a more precise idea of the fee structure, contact EduPristine’s support team.
Mode of Teaching: Since both theoretical and practical classes are offered, the institute has integrated both online and offline modes of learning. In theory, attending online classes is mandatory, followed by direct classes.
In total there are 9 modules in the EduPristine BAT course, of which 6 are mandatory. The modules are –
- Basics of Accounting with Tally
- Basics of GST & GST in Tally
- Basics of Income Tax & their analysis in Tally
- Payroll and its components
- Excel for Accounting & MIS
- Finalization of Financial Statements
- BUSY Practicals
- Soft Skills
A bachelor’s degree in accounting and finance is mandatory.
3. National Institute of Financial Markets (NIFM):
With over 15 centers all over India, NIFM is one of the pioneers among the Private Sectors Vocational Training Institutes providing various job-oriented courses in the field of Finance & accounting, equity market, and taxation. The placement opportunities are certain for the students as they provide live projects for upskilling the students with hands-on expertise in their BAT course Flexibility in batch days and schedule is given to the students enrolling.
Duration: 6 months (6 modules)
Course Fees: INR 45,000 + GST (one-time payment) (or) INR 55,000 + GST (In 4 instalments)
Mode of Teaching: one-on-one classrooms
In total there are 6 modules in the APG BAT course, they are –
- Goods & Services Tax (GST)
- TDS / TCS
- Tally ERP 9 with GST
- Income Tax
(After every module, a practical workshop is conducted)
Min. qualification: 10+2
proficiency in MS Office and other basics of computer.
Recommended Read: Business Accounting and Taxation Course Colleges
4. APG Learning
APG learning, established in 2013, provides many online and offline courses, workshops, and seminars in various fields like business, stock marketing, technology, and agriculture, aiming to educate students in diverse sectors and bring about a stable economic development in India.
With more than 100,000 alumni worldwide, it has reached out to a lot of people. Being a well-established learning institute, it has over 100 thousand alumni all over the world.
Duration: 3 months, 90 hours (7 modules)
Course Fees: INR 35,000 (tax inclusive)
Mode of Teaching: Online
In total there are 7 modules in the APG BAT course, they are –
- Industrial accounting
- Direct taxation
- Goods and services tax
- Payroll and its components
- Excel and mis
- Business computer application
- Graduates or Postgraduates in the commerce field
- If the candidate is from a non-commerce background, s/he must have at least 1 year of work experience in the field of finance or accounting
- Students who pursue or have completed CA, CS, CWA, or CFA courses
Here is a Guide to Cost Management Accounting
The BAT training course in the Coursera platform cannot be taken as a complete package but different modules which are essentials of finance and accounting can be taken separately at your own pace. The students learn to do accounting and produce precise financial statements. Coursera offers courses to practice, interpret and analyze financial statements and make major business decisions.
The 4 professional courses offered by Coursera are –
- Assets in Accounting
- Basics of Book Keeping
- Liabilities and Equities in Accounting
- Financial Statement Analysis
Duration: Each course is for 4 weeks and on average, each course provides 20 hours of study materials and practice work.
Course Fees: Each course’s cost may range between USD 30 to USD 80. Coursera courses are free, but if you want to get access to graded assignments and gain a course completion certificate for profile validation, you will have to pay.
Mode of Teaching: Online
Eligibility: – Certifications range from beginners to advanced levels.
Recommended Read: Online Business Accounting and Taxation Courses
6. Henry Harvin
Henry Harvin is a global Edtech company established in the United States and India, with customers from over 97 countries. It is one of the top 500 Edtech companies in the world and ranks within the top 100 in India. Public Programs, College Programs, Corporate Programs, Skill Development Programs, Books, Consulting Services, and Assessments are some of their business domains.
Henry Harvin is also known to be a great platform for candidates to upskill and reskill themselves for their career competency. They have been providing a standard BAT course for a long time.
Duration: The whole course is spread out for 1 year with weekend boot camps (6 main modules + 2 complimentary modules)
Course Fees: Two packages are provided:
- Basic – INR 31,050 (tax inclusive, one-time payment)
- Premium – INR 34,500 (tax inclusive, in O EMI installments)
(Premium pack has perks like mentorship, 1-year golden membership, flexible schedules, boot camps, etc.)
Mode of Teaching: Both one-on-one and online classes
There are 6 main modules in the Henry Harvin BAT course, they are –
- GST Practitioner Course
- Income Tax Course
- Financial Statement Analysis
- Advanced Tally ERP 9
- Advanced Excel
- HR Payroll Management
In addition, 2 complimentary modules are given. They are –
- Soft Skills Development
- Resume Writing
After every module, a practical workshop is conducted)
Graduation in the field of finance and commerce is highly preferred.
Q-1. Is it necessary to have experience in accounting to enroll in a BAT training course?
Answer: While most institutes require a bachelor’s degree in commerce as a pre-requisite for entering their program, others may accept non-commerce graduates too with a minimum required work experience.
Q-2. What job do I get after a BAT training course?
Government bodies – federal, state, and local; public accounting and financial services; insurance agencies; banks, and non-profit organizations are few of the many places of employment. You can find a job within the Big Four companies – Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG, which are the largest international accountancy firms that do audits for large multinational companies.
Q-3. What salary do I get in India after finishing a BAT course?
Once you are certified as a BAT professional by a reputed institute, you may be placed on a pay scale ranging anywhere from 1.5 LPA to 8.5 LPA as per your experience.
Q-4. What are the best CA firms in India?
- Deloitte India
- PwC- Price Waterhouse Coopers India
- Ernst & Young India – EY, India
- KPMG India
- BDO India