Business Accounting and Taxation Course Details 

Enterprises prefer Business Accounting and Taxation professionals to manage the company’s accounts and tax filings connected to clients, vendors, employees, inventories, etc. Individuals require professionals to file taxes as tax filing is a tiresome process. It is essential to understand the Business Accounting and Taxation course details as these modules give students a strong understanding of accounting concepts, taxation, payroll procedures, and the core economic sciences.

This blog strives to provide you with all of the information you need. Business accounting and Taxation course Details with eligibility criteria, fee structure, tremendous career opportunities after completing the course, and the average expected remuneration.

With a lot of awareness of taxation and digitalization, it has become imperative to know how to file taxes correctly or hire a professional who would do it for you or the business. This frenzy of being updated with taxes has only increased the demand for BAT professionals.

What Are Business Accounting and Taxation Course Details?

The fundamental elements and accounting procedures that make up the statements are explained in the BAT courses. The course should provide you with the essential tools needed to estimate profitability and break down costs to evaluate any business, covering crucial aspects of accounting such as GST, Income Tax, and TDS, which significantly impact financial business operations in India. 

Basics of Accounting & Accounting in Tally, Basics of GST & GST in Tally, Income Tax & Income Tax in Tally, Payroll and its components, Excel for Accounting & MIS, Finalisation of Financial Statements, BUSY Practicals, SAP, and Soft Skills are among the topics covered in the BAT course.

The BAT Course is made for individuals who want to pursue a career in accounting or taxation. And it is advisable to go through the precise Business Accounting and Taxation course details before zeroing in on any institute.

Eligibility Criteria to Pursue BAT Course

The business accounting and taxation (BAT) program is a postgraduate diploma curriculum. You must have a bachelor’s degree before enrolling. Although a degree in Commerce is not required, having a degree in Commerce streams such as BBA or B. Com can be beneficial because they provide a foundational understanding of economics, finance, or accounting.

Furthermore, some institutes impose a bachelor’s degree in Commerce as a prerequisite for enrolling in BAT courses. Institutes may also establish additional criteria to determine who is eligible for this course. 

The Business Accounting and Taxation Course Details

• Financial Reporting Using ERP Software:

Documenting and discussing financial operations and results over defined periods, usually quarterly or yearly, is known as financial reporting. Financial Businesses use reports to aggregate accounting data and update their current financial status. Financial statements are also crucial for forecasting future profitability, industry position, and growth, and many financial reports are open to the public.

An ERP software system collects financial data and generates reports such as ledgers, trail balance data, income statements, overall balance sheets, and quarterly financials. 

• Direct Taxation: 

This module has all the aspects of Direct tax. A direct tax is paid to the institution that imposed it. Income, real property, personal property, and asset taxes are all returned directly to the government by an individual taxpayer.

• Payroll and its Components:

Payroll is the entire amount of remuneration a company must pay its employees on a specific date for a stipulated period. It can be described as a list of all the employees who work for a company. Furthermore, it could relate to calculating and distributing earnings and taxes.

The payroll components are employee details, benefits, working hours, salaries and wages, time off, overtime, Additional pay, payroll taxes, fringe benefits, and net and gross revenue. 

• SAP:

You will learn the usage of SAP to make accounting and financials, purchasing, inventory, sales, customer relations, and reporting and analytics simpler in business.

• Finalization of Financial statements:

At the end of the year, the account books are generally closed. Accounts are finalized when they have been examined and reconciled. These are correct, perfect, and exact—testing and reconciling accounts regularly, such as monthly or quarterly, is preferred to make it manageable. 

• Excel and MIS

Data from everyday tasks and overall company processes is collected, compared, and analyzed to create MIS reports for efficient management of an organization. 

• GST:

GST accounting is fundamental accounting that includes liabilities such as GST payable, cash and sales revenue, assets, and income.

• Basics of Accounting and Accounting in Tally:

Learn about different types of Accounts and the Double Entry Accounting System; Generally Accepted Accounting Principles; Transaction Flow; and the Expense and Purchase Process.

• Basics of Income-tax:

You would learn about Tax Law Assessment Order and Litigation Management. Understand the strategies to handle TDS and TCS. You would also be taught how to file an Income tax return/tax audit and the solutions to deal with the issues that spring up during the process.

• BUSY software:

 Busy is a fully integrated accounting software for micro, small, and medium-sized businesses.

 The above-stated modules are usually covered under any BAT course; however, they are liable to change depending on the duration and the institute. 

Different Kinds of BAT Courses Available in the Market

When we talk about the kinds of BAT courses available in the market, we stress the course duration and the certification. There are short-term courses ranging from 3-6 months, and there are diploma courses that continue for an entire academic year.  

No university or college approves the short-term courses. The said course provider provides the certificate most accredited by the top institutes. However, the diploma courses are certified by the university where you would be pursuing the course. There are online and offline classes, Choose as per your preferences.

Learn the Importance of Bookkeeping and Accountancy

Factors Determining the Popularity of Business Accounting and Taxation Course Details

• Sudden Spurt in the Demand for Accountants and Tax Consultants:

Accounting and taxation are essential requirements of any organization and ought to be handled by professionals. As a result,  BAT-certified professionals are in demand for numerous work opportunities in various fields.

• Separate MS Office Training is not a Requisite

Regarding the accounting business, most companies prefer to hire applicants proficient in Microsoft Office, particularly MS Excel. The majority of institutes include this as one of their BAT syllabus topics. As a result, no more Microsoft Office training is necessary.

• Training in Business Communication and Soft Skills:

Another significant part of this course is business communication and soft skills training. It will help you build your professional and personal qualities, prepare you for job interviews, and manage day-to-day corporate communications.

• Digital Accounting Tool Practical learning Training:

The course prepares you to master digital accounting methods and other software such as Systems Application Product, putting you on a scale with Chartered Accountants and MBA experts. ERP software and MIS reporting are also covered in the course. The advanced study will prepare you to compete in a constantly changing industry.

• Exposure to a Broad Spectrum of Subjects:

The BAT course will address traditional accounting topics and essential areas of auditing and taxation, broadening your scope and professional opportunities.

• specific Skills-oriented Practical-based Course:

Traditional bachelor’s degrees, such as a BBA or a B. Com, may not provide enough depth and practical experience in business accounting. On the other hand, the BAT course is tailored to meet the needs of a specific sector. It prepares you for the industry by providing intensive hands-on training and practical knowledge.

• Digital Accounting Tool Practical learning Training:

The course prepares you to comprehend digital accounting methods and other software such as Systems Application Product, putting you on par with Chartered Accountants and MBA experts. ERP software, MIS reporting, and other topics are also covered in the course. The advanced study will prepare you to compete in a quickly changing industry.

Check out the best Online Business Accounting and Taxation Courses

BAT Certified Professional’s Responsibilities

Companies increasingly prefer hiring people with specialized training in a specific industry. Additionally, the more practical exposure and hands-on training you gain during your study, the more qualified you are for a particular career. After being certified as a BAT professional and scrutinizing the Business Accounting and Taxation Course Details, based on your work experience you may be hired for positions such as tax assistant, accounting assistant, audit assistant, junior or senior accountant, financial advisor, and the likes of these.

As a qualified BAT professional, your responsibilities could include everything from simple accounting to audits, tax planning, and administration. Depending on the organization, you may be required to participate in more than one of these activities. Companies with an accounting department usually hire a BAT professional as a part of their team, while at the same time, smaller organizations would extend a wide range of activities.

Job Opportunities

Upon completing the BAT Course, you can explore significant job opportunities in accounting, auditing, corporate taxation, real estate finance, and personal finance, in both the private and public sectors. A few of the popular in-demand positions open for a BAT professional are as follows:

• Assistant in Accounting:

Assistant in accounting: This is a ground-level position for BAT-qualified professionals. An assistant accountant’s primary responsibilities include:

• To take care of the smooth operation of the accounting department.
• Keep track of revenue and expenses, assess budgets, and so on.
• Account papers, such as tax invoices and financial statements, are processed

• Tax Consultant

In addition to a thorough understanding of tax laws and considerable expertise in managing the taxes of high-net-worth people or organizations, a tax accountant should be proficient in MS Excel and MS Word. A tax accountant’s primary responsibilities include:

• Filing Income tax returns on time.
• They Minimize high-net-worth individuals’ or corporations’ tax liability while remaining consistent with India’s tax regime’s legislative structure.
• Representing their customers in front of the  tax courts to resolve tax conflicts
• They Provide tax advice to their clients and represent them in fiscal court proceedings.

• Wealth Manager

Their clients are typically high-net-worth individuals or those with many investable assets. Among the services they provide are:

• On behalf of their clients, they plan equity investments.
• Budgeting and tax planning
• Management of real estate
• On behalf of their clients, they communicate with bankers, tax authorities, insurance agents, etc.

• Financial Advisor

A financial advisor helps a customer plan or make financial decisions. A financial advisor’s primary responsibilities include:

• On behalf of the client, they execute a trade.
• They make financial strategies for their client regarding investing, saving, budgeting, taxation, and insurance, among other things.
• Assessing and analyzing their client’s financial situation

• Accounting Supervisor: 

Employers may require a few years of experience for this role. An accounting supervisor’s responsibilities include:

• Transactions, due and receivable quantities, and the accounts department’s operation are all monitored.
• Accounts policies and procedures are drafted with the company’s goals and objectives in mind
• converting financial data into a piece of value-added information and updating it in front of firm decision-makers.

Also Read: Benefits of BAT Courses

Business Accounting and Taxation (BAT) Course Details

1. IIM Skills:

IIM Skills is one of the renowned institutes in India where one may study BAT. They are the most well-known institution in India that offers a variety of degrees. The IIM Skills BAT Course is the Best Course in India because it is designed with an eye toward industry norms and calibrated to prepare students for the real world.

Highlights of the Business Accounting and Taxation Course Details Include:

The course curriculum includes 6 modules: accounting and accounting in tally, GST and GST in Tally, TDS and TDS in Tally, Payroll and Payroll with Tally, and Income tax with Tally advanced Excel and MIS reporting. With the help of the IIM Skills course, you will gain the expertise and detailed understanding which is necessary to succeed in your field.

To maximize your potential and produce impressive achievements, develop the correct use of the essential tools and software. Utilize cutting-edge software tools like Quickbooks, Advanced Excel, Tally, and BUSY to learn how to be the boss of the accountants. They Offer 100%  cash back if the student changes their mind after the first session. 

Eligibility:

A bachelor’s degree in Commerce or related field from a recognized university, knowledge of basic computer skills, written and communication skills.

Duration:

4 months  (120+ hours of lecture) of LIVE online BAT course (Recognised by the GOVT. Of India)

2. EduPristine

EduPristine is regarded as one of the premier Accounting and Financial training providers with over a decade of expertise. Aside from financial accounting classes, the college offers soft skills training and resume building. EduPristine is one of India’s best online Business Accounting and Taxation course training institutes.

Highlights of the Business Accounting and Taxation Course Details  Include:

The course consists of nine modules, including Basics of Accounting and Accounting in Tally, Income Tax, Goods and Services Tax, etc. Depending on your employment requirements, you can select any of the modules. If you choose a minimum of six programs, the institute will provide complimentary soft skills training at no extra charge.

Eligibility

A business administration degree is a prerequisite.

Duration

Minimum of 5 months. (maybe extended depending on the number of modules taken and the student’s dedication).

Recommended Read: Business Accounting and Taxation Courses in Delhi

3. The National Institute of Financial Markets (NIFM)

The National Institute of Financial Markets (NIFM) is a non-profit organization dedicated to the study of financial markets. The National Institute of Financial Markets (NIFM) is a renowned private sector vocational training institute that offers a variety of job-oriented courses in financial markets, equity markets, accounting, and taxation, including BAT.

Highlights of the Business Accounting and Taxation Course Details  Include:

Accountancy, GST, TDS, Tally ERP, Income tax, and auditing are the six modules that make NIFM’s commercial accounting and taxes courses. They provide both weekday and weekend batches with flexible times. The practical portion of the study accounts for about 80% of the total time.

Eligibility

MS Office competency is required as a minimum level of 10+2 or a degree.

Course Duration: 6 months.

4. APG Learning:

The institution offers many classrooms and online courses in technology, business, lifestyle, entrepreneurship, the stock market, and agriculture. APG Learning’s certificate training in business BAT encompasses the fundamentals of accounting and taxation and knowledge of digital technologies, including practical Excel and MIS skills.

Highlights of the Business Accounting and Taxation Course Details Include:

The five-course modules are industrial accounting, tally, direct taxation, goods and services tax, payroll and its components, Excel, and MIS. After clearing the exam, you will receive your Tally certification.

Eligibility:

• Graduates and postgraduates in the subject of Commerce
• A minimum of one year of professional experience in finance or accounting is required for a candidate with a non-commerce background.
• Students enrolled in or who have finished CA, CS, CWA, or CFA programs

Course Duration: 2 months

FAQ

Q1. What are the Eligibility criteria for pursuing a BAT course?

It is mandatory to have a B.Com degree for most institutions. However, a handful of them accept students who have passed their 12th exam.

Q2. What is the average salary of a BAT professional?

The minimum salary of a BAT analyst is 3,00,000 Rs for a fresher, which grows with years of experience in the said field. 

Q3. What is the scope for business analysts in India?

Business analysts have excellent career opportunities, and most companies have a high demand for professionals. 

Q4. How to apply for a BAT course?

Download the online form from the official site of the said institute and submit it either online or in person.