Business Accounting and Taxation (BAT) Course Details

With the rapid surge in the number of startups coming up day by day, the role of an accountant in the functioning of any business has evolved from simple bookkeeping to ensuring the accountability and vitality of the same. Business Accounting and Taxation (BAT) course details are one of the most sought-after post-graduate certifications in the field of commerce since it provides in-depth knowledge of the field and creates industry-ready skilled professionals. Increased technology penetration and growing focus on digital learning have now enabled individuals to pursue this course from the ease of their homes through the various online institutes for BAT courses in India. 

What are Business Accounting and Taxation (BAT) Course Details?

Accounting, in very simple words, may be referred to as maintaining a systematic record of a business’s financial information including income, expenditure, profit or loss, company’s assets or liabilities, and further interpretation of these records to gain meaningful insight into a company’s financial performance.

Such a piece of information is crucial for the top management or decision-makers to devise a future strategy or manage business operations effectively. Hence, the accounting process primarily deals with the identification of financial events to be recorded, their measurement in terms of monetary value, and finally, communication of this entire information to head management.

With further evolution in this field, the role of an accountant has become diverse in the sense that an accountant might not only be involved in bookkeeping but also in auditing a company’s accounts or planning taxation. Tax planning is again an important aspect of a company’s financial management.

An accountant through his expertise in this area helps to file tax returns as per the legal framework and to maximize savings. Business accounting and taxation (BAT) course details is a practical and application-based post-graduate program in the field of accounting designed to create industry-ready accountant professionals.

The postgraduate BAT course focuses more on business accounting which deals with financial modeling, budget estimations, and implementation of the same in the decision-making of any company or organization. The primary objective of the course is to equip students with detailed knowledge of the taxation system, payroll policies, auditing accounting procedures, and other related fundamental principles of economics.

These areas are generally not covered in-depth in various graduation levels commerce programs like BBA and B Com and hence, you might require attaining higher qualifications to bag a nice job in this industry.

Such post-graduate certification courses are conducted throughout India in both offline and online modes for the duration of two to six months in general. In this article, we shall summarize all the relevant information you might need before enrolling in this course including the online institutes for the BAT course in India.

Role of a BAT Certified Professional 

Many organizations nowadays prefer to hire individuals with more specialized training in a particular field. Also, the more practical exposure and hands-on training you receive during your education more suitable you are considered for a particular job.

Usually, after completing a post-graduate program in business accounting and taxation you might get hired for various positions such as tax assistant, accounting assistant, audit assistant, junior or senior accountant, financial advisor, wealth manager, etc. depending upon your work experience.

Your function as a certified BAT professional may range from simple accounting activities to audits, tax planning, and management. Depending upon the organization you might also get involved in more than one of such activities.

Many big organizations have an entire accounts department and being a BAT certified professional you might be a part of it. However, in small businesses, you might need to look after a wide range of activities as mentioned before.

Also Read: Business Accounting and Taxation Course Eligibility

Why is Business Accounting and Taxation (BAT) Course Details popular?

Accounting is an important aspect of all kinds of businesses in any industry worldwide whether the large, medium, or small scale, and every business requires some critical decision making and policy planning. Such activities can’t be carried out without the exact idea of the current financial health of an organization and interpretation of the same.

Generating this sort of information requires a very specific set of skills that traditional commerce degrees might not impart to students. The Business Accounting and Taxation (BAT) course is professionally curated and formalized keeping in mind the need of the industry.

In the highly competitive world as now the conventional graduation level degree might not set you at par with industry requirements and it’s always worth upskilling using such short-term specialization courses. Also due to the rise in the number of many online institutes for BAT courses in India, you can now pursue this course from the comfort of your home through live online sessions.

Some of the key reasons why the Business Accounting and Taxation course details are becoming popular day by day are:

Specific Skills-oriented Practical-based Course Structure:

Conventional graduation programs like BBA or B. Com might not provide a depth and practical-based focus in the areas of business accounting. BAT course on the other hand is designed to deal with specific industry needs. It makes you ready for the industry through extensive practical-based learning and real-time exposure to the industry.

Coverage of a Wide Range of Areas: 

Business Accounting and Taxation (BAT) course details not only covers conventional accounting areas but also key areas of auditing and taxation enhancing a wide range of scope and career options after you complete this course.

Duration of the Course:

As a short-term course of not more than six months Business Accounting and Taxation (BAT) course details create skilled professionals in a very short time frame. You don’t need to spend a year or two to get a job of your choice. The shorter duration also means less amount of money invested.

Hands-on Training for Digital Accounting Tools:

The course equips you with the understanding of digital means of accounting and other software like Systems Application Product which trains them at par with Chartered Accountants or MBA professionals. The course also covers ERP software, MIS reporting, etc. The advanced level of learning will help you to compete in a rapidly evolving industry.

Increase in Demand for Accounting Professionals and Taxation Consultants:

Accounting and taxation are key and primary requisites of any kind of business and require professionally trained individuals to take care of these responsibilities. Hence, having a BAT certification will open the gates of ample job avenues for you in these niches.

Business Communication and Soft Skill Training: 

The training in business communication and soft skills is another impressive module of this course. It will assist you with professional and personality development, will prepare you better for any job interviews, and managing day to day corporate communications.

Training in MS Office:

Most organizations prefer to hire candidates with proficiency in MS Office, especially MS Excel when it comes to the accounting industry. Most of the institutes cover this area as one of their syllabus modules. Therefore, no additional training for the MS office is required.

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Who can pursue it?

The business accounting and taxation (BAT) course is a post-graduate diploma program hence, you must have a graduation degree before getting yourself enrolled in the same. A degree in the field of commerce is not mandatory but possessing a degree in commerce streams like BBA or B. Com may turn useful since these impart foundational knowledge regarding core concepts of economics, finance, or accounting.

Moreover, some institutes make a bachelor’s degree in commerce a mandatory eligibility condition for joining BAT courses. Institutes may lay down certain other guidelines too to define the eligibility for this course. You can consider getting enrolled in this course if:

• You have graduated recently and want to upskill yourself with a better understanding of accounting and related concepts in detail.
• You have a little experience in the field and want to switch to a high-profile job
• You wish to acquire proficiency in accounting tools that form the backbone of the accounting industry

Duration of the Course 

The duration of the course is different as per different institutes. Usually, it varies from two to six months. Many online institutes for BAT courses in India often calculate the duration of the training in terms of the number of teaching hours.

Components of Business Accounting and Taxation (BAT) Course Details

Goods and Service Tax (GST)

Goods and service tax is an organized and structured way of levying taxes over various articles. This tax avoids multiple charges over the same article. The best part about GST is that the charges are calculated over defined slabs starting from 0% where certain services are exempted followed by a four-tier structure starting from 5% which is the lowest slab moving up to the ladder to 12%.

And it is followed by 18% which is the second-highest slab and pushes the luxury items in this slab. 28% stands out to be the highest slab which includes all luxury items which is also the demerit of this regime. GST is also charged on a compensatory basis wherein only a limited amount of GST is charged and can be paid in advance as per certain calculations.

GST is charged in two parts. Firstly, CGST stands for Central Goods and Services Tax, and secondly, SGST is State Goods and Services Tax. At times IGST is also seen which is for Integrated Goods and Services Tax.

In limited cases where there are intrastate supplies, where you might find Union Territory Good and Services Tax that is applicable to Union Territories like Chandigarh, Goa, etc. Detailed knowledge of GST will help you in price remodeling, GST registration of businesses, tax e filing, etc.

Direct Taxation

Unlike indirect taxes, there are no intermediaries in Direct Tax collection. Direct taxes are collected directly by the government like property tax, capital gain taxes, income tax, corporate taxes, etc.

Payroll and its Components

Certain components other than taxes are necessary expenditures. One of them is paying off salaries. It is a complicated procedure that includes the calculation of salaries on an annual basis which is further divided into months and calculated further on daily basis. Salary has various taxable and non-taxable components. All of these are accounted for under payroll. A few components of payroll are :

• HRA – House Rent Allowance
• TA – Travelling Allowance
• PPF – Provident Fund
• LWF – Labour Welfare Fund
• Professional Tax
• Tax Deduction on additional components like incentives etc and much more.

Financial Reporting Using Tally

Certain reporting of credits and debits are easily managed by software like Tally which was used more commonly until QuickBooks was launched which is an affordable and extremely competent software capable of performing a list of functions like

• Managing the account
• Managing all the entrees
• Credit and debit management
• Liabilities
• Loans
• GST calculation
• The payoff of GST directly from the linked corporate bank account Settlements etc.

Financial Statements Finalizing

All sorts of entries are managed and then calculated to balance the flow of inputs and outputs, cash flows, financial positioning, and much more, accounting for the income statement, balance sheet, and miscellaneous statements.

Excel and MIS Reporting

The entire accounting happens on super-powerful software that was designed and developed by Microsoft. This software is Excel which is a part of Microsoft Office also known as MS Office. This software has advanced features like linking various sheets and doing complex calculations and storing the data as well as presenting them in form of reporting which is a part of the Management Information System commonly known as MIS and such reporting is known as MIS Reporting.

SAP Modules and BUSY Software

Certain software is there for managing the entire system in an organization that is only possible by Software as a Product and hence these are localized software that is required to be installed on the premises, need servers, and are set up in the local offices. E.g., CRMS, HRMS tools, Telephony, etc.

However, there is certain software that is required and provided as Software as A Service since they are hosted on the cloud hence the physical installations are not mandatory. Any browser on any computer can permit easy operations. E.g. Bitrix24, Kredily, Cloud Telephony.

Scope and Career prospects 

After successful completion of the Business Accounting and Taxation (BAT) Course details, you can explore lucrative career avenues in both public and private sectors in the field of accounting, auditing, corporate taxation real estate finances, personal finance consultant, and much more. Some of these options include:

Accounting assistant: It is an entry-level position for BAT certified professionals. The key roles of an assistant accountant involve:

• Ensuring smooth functioning of the accounting department
• Keeping track of income and expenditure, evaluating budgets, etc.
• Processing account documents such as tax invoices, financial statements, etc.

Auditing assistant: A job auditing assistant is primarily an entry-level job given to freshers or those with less experience in the field. The key role of the accounting assistant includes.

• Analyzing and assessing the financial statement, balance sheet, etc.
• Assisting in all the auditing processes
• Reviewing and providing recommendations on the policies of the company

Tax Consultant: Apart from a sound knowledge of the taxation laws and extensive experience in managing taxes of high-net-worth individuals or companies, a tax accountant must possess a sound knowledge of MS Excel and MS Word. The key roles of a tax accountant include:

• Timely filing of income tax returns
• Minimizing the tax liability of high-net-worth individuals or companies while being compliant with the legal framework of the tax regime of India
• Representing their clients before respective tax authorities in tax courts to resolve taxation related disputes
• Advising their clients in all tax matters while representing them through fiscal court processes

Accounting Supervisor: Companies may demand the experience of a few years for this position. The role of an accounting supervisor involves:

• Monitoring transactions, payable and receivable amounts, and functioning of the accounts department
• Drafting accounts policies and procedures keeping in mind the company’s targets and aspirations
• Transforming the financial data into a piece of value-added information and updating the same in front of company policymakers

Financial Advisor: A financial advisor is the one who plans or guides her client in money matters. The key responsibility of a financial advisor includes:

• Executing a trade on behalf of her client
• Making financial plans for her client in terms of investment, saving, budgeting, tax, insurance, etc.
• Evaluating and examining the financial well-being of their clients

Wealth Manager:  Their clientele generally includes persons with a huge amount of investable assets or high-net-worth individuals. Their services include:

• Planning equity investments on the behalf of their clients
• Financial and tax planning
• Real estate management
• Communicating with bankers, tax authorities, insurance agents, etc. on behalf of their clients.

There are various other jobs you can take up after successful completion of the Business Accounting and Taxation (BAT) course details vis, Junior or Senior Accountant, Accounting Administrator, Tax Manager, etc. The category of jobs you might get hired for depends upon your number of years of experience and as you grow in this field.

At the entry level, you are likely to get hired as a junior accountant, tax assistant, auditing accounting assistant, etc. Such entry-level jobs again prepare you for a better career in the field of business accounting.

Find here Business Accounting and Taxation Course Colleges

Salary of a BAT Professional

The salary of a bat professional may range from 2 lacs to 8 lacs per annum and is decided as per the experience in the field. It may also vary from one company to another.

Top 3 Institutes for Business Accounting and Taxation (BAT) Course Details in India 

1. IIM Skills

IIM Skills is a leading online course provider offering job-oriented courses in the domains of finance, taxation, business, marketing, and writing. Under the umbrella of taxation and finance courses, they offer a mastery-level BAT Course. The Business accounting and taxation (BAT) course details of the institute are as follows:

Course Highlights:

After thorough research and a thoughtful understanding of the subject, the industry experts have curated the explicit curriculum into a six-module structure formula. Each module covers A to Z concerts of that particular module in each section. Aspirants get a clear conception of each topic as the topics are defined into small digestible chunks of knowledge.

Delivery Mode: The mode of delivery is entirely online via zoom sessions. Aspirants are provided with the link details beforehand, and they are expected to simply log in and join at the time of sessions. The process is a breeze, with no enduring hassles.

Eligibility: No specific eligibility criteria. Whosoever is interested to clear the concepts of business accounting and taxation can join the course.

Duration: 4 months

Fees: 49900

2. EduPristine:

With 10+ years of experience, EduPristine is considered one of the best Accounting and Financial training providers. The institute also offers soft skills training and resume building training apart from various financial accounting courses. It is one of the online institutes for BAT courses in India.

Course Highlights:

The course offers nine modules related to the subject matter such as Basics of Accounting and Accounting in Tally, Income Tax, Goods, and Services Tax, and so on. You can choose any of the modules depending upon your job requirements. If you choose a minimum of six modules the institute also offers complimentary soft skills training without any additional costs.

Delivery Mode

Training methodology includes two key components. Firstly, conceptual understanding of the theoretical aspects of the subject through live online lectures. Secondly, classroom-based practical sessions involve hands-on training on real-life scenario-based projects.

Hence, the course will be delivered in both online and offline mode. Attending live online sessions is compulsory for practical classroom-based sessions to enhance the understanding of the core concept before its application in the industry.

Eligibility

Graduation in commerce background is mandatory

Duration

Minimum 5 months (May increase based on several chosen modules and student’s hard work).

Fee Structure 

The total cost of the program depends upon the number of chosen modules. You may get in touch with EduPristine’s support team to get an exact idea about the fee structure.

3.  APG Learning:

The organization runs many classroom and online courses in the field of technology, business, lifestyle, entrepreneurship, stock market, and agriculture. Certificate training in business accounting and taxation (BAT) course details, provided by APG Learning includes both basics of accounting and taxation and knowledge of digital technology including practical knowledge of excel and MIS.

Course Highlights

The course is divided into five modules viz, industrial accounting, tally, direct taxation, goods and services tax, payroll and its components, Excel, and MIS. The certification for Tally will be provided after the clearance of the exam.

Eligibility: following candidates are eligible for certification in business accounting and taxation.

• Graduates or Postgraduates in the commerce field
• Non-commerce background with at least one year of work experience in the field of finance or accounting
• Students pursuing or completed CA, CS, CWA, or CFA courses

Delivery mode: Live online training sessions

Duration of the course:2 months

Fee structure

INR 12000 (inclusive of taxes)

FAQs

Question: Is a commerce background compulsory to get trained in business Accounting and Taxation (BAT) course details?

Answer: Most of the institutes seek a graduation degree in commerce as a pre-requisite for admission in this course however, certain institutes may allow admission to non-commerce graduates with or without relaxant work experience.

Question: What is the minimum duration of the BAT course? 

Answer: The duration of the BAT course is 2-6 months.

Question: Are there any online institutes for BAT courses in India? 

Answer: Yes, institutes like APG learning and Edu pristine are some of the online institutes for BAT courses in India.

Question: What is the average salary of a BAT certified professional?

Answer: The salary of a BAT certified professional varies from 2 lacs to 8 lacs PA. depending upon work experience.