Accounting has been around for centuries. It’s a critical part of the business. The earliest bookkeeping records were found more than 7,000 years ago. At the time, people used accounting to keep a record of crop and herd growth, and surplus or shortage after crops were harvested each season.
During the Middle Ages, the barter system was the primary form of money-changing, but when Europe changed to a monetary economy in the 13th Century, merchants started bookkeeping to keep a record of all the transactions. This is when double-entry bookkeeping got its start, which is when the debit and credit value concept was introduced for each transaction.
The bookkeeping provided constant information about their businesses that they could use in decision-making to grow their business as they saw fit. This established the groundwork of how we use and get bookkeeping today. Even though the fundamentals are the same, technology has changed accounting today.
Bookkeeping is now automated. All the statements are being recorded in computer-based software. For taxation, the present Indian tax system is based on the ancient tax system which was based on the theory of maximum social welfare. Income tax was introduced in 1860. Since then, taxation has changed a lot every year and it is necessary to stay updated with it.
In today’s world, each and every industry needs professionals with updated skillsets relating to accounting and taxation whether it is the automobile, manufacturing, FMCG, investment banking, or IT. To cater to this demand many prestigious institutes are offering a course in finance accounting and taxation.
What is Finance Accounting and Taxation?
Financial Accounting
Financial accounting is a particular type of accounting involving a process of documenting, analyzing, summarizing, and reporting the transaction generated through various business operations over a particular period.
These transactions are outlined in the various financial statements such as the cash flow statement, income statement, balance sheet, statement of retained earnings, etc. Internal and external shareholders use these statements to assess the stability of a company as it represents the financial performance of the organization.
Taxation
Taxation is a means by which a taxing authority, usually a government, imposes a tax or financial obligation on its citizens or business entities. In India, the tax structure is classified into two categories direct and indirect which include income, property, inheritance, corporate, capital gain, etc. The tax system has changed considerably over the period across jurisdictions.
Career Options
After the completion of the course in Finance Accounting and Taxation, one can find a plethora of work opportunities in both public and private sectors at different positions such as,
- Accounting Supervisor
- Accounting Manager
- Senior Accountant
- Junior Accountant
- Assistant Accountant
- Accounting Administrator
- Assistant of the Auditor
- Investment Analyst
- Corporate Analyst
- Taxation Manager
- Taxation Assistant
- Tax Analyst
- Tax advisor
- Revenue Manager
- Tax Consultant
Salary Scope
The field of accounting and taxation is going to have a higher demand for skilled professionals and freshers for a long time and specifically for those who are updated on recent advances and proof to back up those skills. The salary of a fresher after successfully completing the course in finance accounting and taxation in India ranges from 2 Lakh INR to 8 Lakh INR.
Candidate should have passed their 10 + 2 in the Commerce stream. Candidates who are in the final year or have passed their bachelor’s degree in the stream of B.Com, BBA, or commerce-related field with 50% and above are eligible for the course. Depending upon the institution prerequisite might differ.
Role of a Finance Accounting and Taxation Professionals
Monitoring financial transactions and keeping the record of the same. Conducting internal audits to prevent the mismanagement of the money, ensuring vigilance against fraud, identifying discrepancies in accounting, and taking corrective actions.
Provide advice and support related to the payment and reporting of taxes, to minimize the tax bills by utilizing all possible deductions and credits legally. Writing financial reports and analyses for the organization to ease the decision-making and be more productive for future planning.
List of the Top 9 Course in Finance Accounting and Taxation Offering Institutes in India
1. The Institute of Professional Accountants
The Institute of Professional Accountants (IPA) offers professional courses that enhances the knowledge and employable skills of undergraduate and graduate students to become successful professionals in the field of Finance, Accounting, Taxation, Banking, and Payroll.
Course Name: Diploma in Accounting Finance and Taxation (DFA)
Key Features of course in Finance Accounting and Taxation
- Industry experienced chartered accountants (CA) to teach practical aspects
- Flexible schedule
- Government registered institute
- Learn basic and advanced concepts of GST, Payroll, Taxation, Audit, Accounting, Tally
- Candidates can start their accounting, and tax consultancy after the successful completion of the course, and after gaining a few years of experience.
- It is a 100% job guarantee course
Course Curriculum
- Module 1: Concepts of Industrial Accounting
- Module 2: Accounting software training (Tally ERP and BUSY)
- Module 3: Tax filing (Online)
- Module 4: GST filing (Online)
- Module 5: Auditing
- Module 6: Labour laws pertaining to Provident Fund (PF)
- Module 7: The matters related to company law
- Module 8: Concepts of the stock and capital market
- Module 9: Basics of E-commerce and Banking
Duration of the course
12 months / 15 months / 18 months in daily, alternate, and weekend batches
Course Delivery Mode
Online and Classroom
Here are the Important Accounting Interview Questions Answers
2. EduPristine
Founded in 2008 by four industry professionals, EduPristine is a premier finance training provider in India. It offers courses in the field of accounting, marketing, finance, healthcare, and analytics. The courses are designed to cater to self-paced learning and practical knowledge enhancement in classrooms and on online platforms.
The curriculum provides exposure to new challenges and innovative ideas to develop a sustainable career in today’s VUCA world. The institute has trained more than 50000 students across the country.
Course Name
PGP in Business Accounting and Taxation
Key Features
- After the successful completion of the course students is awarded 4 accounting certificates
- 100% job assistance
- Industry-relevant curriculum with case-study based learning
- Project-based practical training by industry expert
- A dedicated discussion forum to solve doubts
- Accounting software training
- Soft skill training to enhance job opportunities
- Customized career guidelines for each candidate
Course Curriculum
- Module 1: Basics of Accounting and Tally
- Module 2: Basics of GST and Tally
- Module 3: Basics of tax and Tally
- Module 4: Payroll components understanding
- Module 5: Accounting in MS Excel and MIS
- Module 6: Financial statement preparation
- Module 7: BUSY Software
- Module 8: SAP simulation
- Module 9: Business and Interpersonal communication soft skills
Duration of the course
192 hours (3 – 4 months)
Course Delivery Mode
Classroom and Online
3. Oxford School of Accounting
Founded in 1997, Oxford School of Accounting, a division of Hindustan Soft Education Limited, a partner of National Skill Development Corporation (NSDC) is a leading institute of accounting classes at affordable charges. The institution provides various courses in online and classroom modes related to accounting and taxation. It is also an authorized cluster for the assessment and certification of various software such as Webtel, Tally, Taxmann, Busy, CompuTax, etc.
Course Name
E-Accounting
Key Features
- A training partner of NSDC-National Skill Development and Corporation
- Career-oriented course
- Training from industry-experienced experts
- Comprehensive learning with regular home assignments
- Placement guidance
Course Curriculum
- Module 1: Computer fundamentals and Microsoft Office
- Module 2: Manual Accounting
- Module 3: Computerized Accounting
- Module 4: Fundamentals of GST
- Module 5: Income Tax Return and TDS
- Module 6: ROC
- Module 7: Online banking fundamentals
- Module 8: Forex and Stock market
- Module 9: Soft skills development
Duration of the Course
12 Months
Course Delivery Mode
Classroom and Online
4. NIFM
Founded in 2010, the National Institute of Financial Market today offers both offline and e-learning platform-based courses. It has more than 100 different courses which include vocational courses, certification courses, specialized courses, diploma courses, development courses, etc. Online education is conducted through various mediums such as smart classes, recorded videos, study material, audio recordings, and web conferences.
Course Name
Diploma in Financial Accounting and Business Taxation
Key Features
- Industry-oriented curriculum
- The curriculum includes 20% theoretical and 80% practical training
- Learning from experts with 10 years of experience in the industry
- Lifetime support
- 100% placement assistance
- Customized guidance for the improvement of each individual
- Weekend batches available
Course Curriculum
- Module 1: Fundamentals of business accounting
- Module 2: GST and TDS/TCS filing with Tally ERP9
- Module 3: Income tax and Payroll with Tally ERP9
- Module 4: Understanding of GST
Duration of the Course
6 Months
Course Fee
₹ 45,000/- + GST (One-time payment) or ₹ 55,000/- + GST (In 4 Instalments)
Course Delivery Mode
Classroom
Recommended Read: Business Accounting and Taxation Course Colleges
5. Keerti Institute
Keerti Institute is a division of Keerti Knowledge And Skills LTD which conducts training sessions to help freshers understand the basics of the sector and hone their skills. The courses are designed by experts by ensuring that participants get theoretical and practical knowledge.
Course Name
Course in Finance accounting and taxation (K-FAT)
Key Features
- An updated industry-oriented curriculum
- Provision of PDF courseware
- Guaranteed placement assistance
- Practical training in simulation
- Certification provision on the successful completion of the course
- Training of an updated course by industry experts
- Learning through practical assignments of GST and ITR
Course Curriculum
- Module 1: Microsoft office tools
- Module 2: Advanced Excel
- Module 3: Basics of Business Accounting
- Module 4: Direct and Indirect Tax
- Module 5: Fundamentals of TDS
- Module 6: GST and Indirect Tax
- Module 7: Basics of Tally Prime
- Module 8: Application of Tally PRIME with Accounting
- Module 9: Application of Tally PRIME with Inventory
- Module 10: Fundaments of tax compliance
- Module 11: Tally PRIME with TDS (Tax deducted at source)
- Module 12: Tally PRIME with TCS (Tax collected at the source)
- Module 13: Data analysis and verification
- Module 14: MIS reports
- Module 15: Payroll and Tally PRIME
- Module 16: Financial Services, Banking, Insurance, and Investment
- Module 17: Auditing and costing
- Module 18: Personality development and soft skills
Duration of the Course
6 Months (288 Hrs)
Course Delivery Mode
Classroom
6. EduBridge
Started in October 2009 by IIM professors and alumni, EduBridge is a workforce development organization. It helps freshers and professionals to acquire futuristic skills required by the recruiters and build a sustainable career.
The institute has trained more than 1,50,000 youth and placed them in more than 300 organizations till now. The institution is focusing on the IT, BFSI, Hospitality, and Retail sectors over the last 10 years and planning to explore the healthcare sector in the coming years.
Course Name
Accounting and Taxation with GST and Tally
Key Features
- Training from experienced and qualified faculty
- Learning from real life-based case study
- Periodic assessment of training and projects to improve the knowledge implementation
- Job placement guidance
- Availability of weekend batch
- Mock interviews to increase job opportunity chances
- Doubt clearing sessions on a regular interval
Course Curriculum
- Module 1: Introduction to business accounting
- Module 2: Standards of accounting
- Module 3: Basics of Accounting
- Module 4: Source and Vouchers documents
- Module 5: Bookkeeping
- Module 6: Tally
- Module 7: Journal entries
- Module 8: Posting and ledger
- Module 9: Fundamentals of Trail balance
- Module 10: Adjusting financial entries
- Module 11: Inventory
- Module 12: Bank reconciliation statement
- Module 13: Financial reports
- Module 14: Accounts receivable and payable
- Module 15: Analysis of ratio
- Module 16: MS Excel for accounting
- Module 17: Introduction to taxation
- Module 18: TDS
- Module 19: TCS
- Module 20: GST
- Module 21: Process of the Payroll
- Module 22: ITR filing
- Module 23: Project
Duration of the course
300 Hrs
Course Fee
₹14,500*/-
Course Delivery Mode
Online
Recommended Read: Certificate Courses in Finance Accounting and Taxation in India
7. SLA Consultants INDIA
Structured Learning Assistance (SLA) Consultants India Pvt. Ltd. is an ISO certified training and developmental institute for IT and non-IT individuals for the last 10 years. In today’s changing world up-gradation is necessary for professionals and freshers and for that SLA provides industry-oriented and comprehensive courses to get new skillset through practical and project-based training. The trainers are CA, IIM, IIT, and NIT alumni who are experts in their fields.
Course Name
E-accounting and BAT
Key Features
- Provision of certificates signed by a CA
- Learning from the faculty having more than 10 years of experience in the industry
- 100% placement assistance
- Real-time projects and case study methodology
Course Curriculum
- Module 1: Advanced GST practitioner
- Module 2: Advanced income tax practitioner
- Module 3: Advanced TDS
- Module 4: Financial statement preparation
- Module 5: Banking and Finance
- Module 6: Fundamentals of custom – Import and Export
- Module 7: Tally PRIME and ERP
- Module 8: GST with Tally and ERP
- Module 9: Accounts and finance with MIS
- Module 10: SAP FICO
Duration of the Course
300 hours
Course Delivery Mode
Online and Classroom
8. GurukulMantra
It conducts online training sessions to enhance the skills and knowledge of professionals and individuals. The institute provides a holistic learning environment with a blend of practical, technical, and traditional training with an updated course curriculum. The institute has conducted 200+ batches and trained 2000+ students across 18 cities in India along with ensuring affordable course fees.
Course Name
Finance Accounting and Taxation
Key Features
- Flexible batch timing
- 100% placement assistance for certified students
- Availability of weekend batches
- Training through industry experts having a minimum of 5 years of experience
- Certification by Himalayiya University
Course Curriculum
- Module 1: Financial Accounting
- Module 2: Indirect tax and GST
- Module 3: Direct tax and Income tax
- Module 4: Direct tax and TDS
- Module 5: High market demand skills
Duration of the Course
90 Days
Course Fee
14,500*/-
Course Delivery Mode
Online and Classroom
Also Read: Skills Required for an Accountant
9. Henry Harvin
Founded in 2013, Henry Harvin is one of the top 500 global Edtech companies based out of the US and India having trained 3,00,000+ freshers and professionals in more than 7 countries. It offers both offline and online certification, degree, and diploma courses. It is also a training partner and education provider to many government entities, technology and business schools, and corporates.
Course Name
Business accounting and taxation
Key Features
- 100% Practical training with projects
- Industry graded project for in-depth learning
- Gold membership of 1-year of finance academy
- Access over the next 12 months in regular bootcamps
- Provision of internship and placement assistance
- Learning through industry expert team of CA and CS
- Industry recognized CATP certificate
- Provision of recorded video sessions
Course Curriculum
- Module 1: Goods and Services Tax (GST) practitioner
- Module 2: Income tax fundamentals
- Module 3: Analysis of financial statement
- Module 4: Tally ERP
- Module 5: Advanced MS Excel
- Module 6: Payroll management
Gold membership benefit
- Monthly Bootcamp by experts to brush up on the old concepts and introduce the recent advances in the field in order to make you industry ready
- Placement support and an internship opportunity with the partner firms
- Extended support to help with the interview process
- Free access to the complementary modules such as resume writing and personality development
- Access to case studies, recorded videos, projects, etc.
Duration of the Course
172 hrs
Course Fee
34500*/-
Course Delivery Mode
Online and Offline
Frequently Asked Questions (FAQs)
1. Can a course in finance accounting and taxation be pursued part-time?
The answer to this question is both yes and no. While the majority of the institutes have an option of weekend or evening batches in the online mode, many of the others don’t. Pursuing this course in online mode is very much productive for someone having to manage it along with regular study, job, or other major responsibilities, and in that case, he/she should go through the details provided by the institute on their website and also verify the availability of batches in flexible hours with the management of that institute by contacting them personally over a voice call or an e-mail.
2. Which one is better – an offline or online course in finance accounting and taxation?
Both offline and online mode of course delivery has their own pros and cons. Offline mode definitely has the advantage of one-to-one interactions but on the downside, it also demands traveling time, and sometimes it also requires compromising the daily schedule. While in the online mode a person can attend it anytime provided the availability of recording but on the other side staying consistent is challenging for those who are not self-driven. In order to decide between the two, one should understand his own needs, and depending upon that he/she should choose. There is no major difference in the way faculty helps students opting in any of the two modes.
3. What are the future aspects of the completion of a course in finance accounting and taxation?
As we mentioned earlier how finance accounting and taxation have remained a critical part of businesses till now, this field is going to generate great opportunities as long as the businesses exist in this world which is eternity. There is no doubt that the practices are going to advance over time and staying updated with such practices is going to be a crucial for brighter future. This is where the course in Finance Accounting and Taxation such as mentioned above become helpful to everyone. It can be concluded that on the completion of this course one would have acquired the industry-relevant skills and he/she will also have a certificate to prove those skills are being learned and tested by industry experts.
4. How to decide which institute to opt for the course in finance accounting and taxation?
Prior to enrolling in any institute, evaluation, and comparison of the course and institutes are necessary to make it a fruitful investment of your time and money. To make this process productive and easy one should keep in mind certain factors such as the relevancy of the course material along with your aim and expectations, expertise, experience and teaching methodology of the mentors, learning flexibility of the program to avoid being overloaded, services and certifications being provided on the completion of the program, reviews of previous students regarding the course, faculty and institution, etc.
5. Who should invest in the course in finance accounting and taxation?
It is necessary to have an understanding of the reasons for pursuing this course, the institutes offering this course, and its pros and cons of it. The above-mentioned details of this article will be helpful to the person planning to decide which institute to opt for the course. Although the eligibility criteria might vary for different institutes as far as eligibility is concerned the candidate should have or have been pursuing a bachelor’s degree in the commerce field and be enthusiastic to learn new concepts.
