Is BAT Course Worth It: Scope of BAT Course, Jobs, Salary
Business Accounting and Taxation(BAT) is a significant subtopic of the commerce domain. If you wish for a career in Finance, you should maintain firm elemental knowledge of accounting and taxation.
Accounting and taxation courses can help you as it prepares you sufficiently for an interview or examination in these domains. You can also acquaint yourself with the latest developments in these fields.
India has numerous experts in continuing education in Accounting and Taxation. In this article, we have tried to answer the question, “Is BAT course worth it” reasonably. Read on to know more about BAT courses.
What is a BAT course?
Business Accounting and Taxation course seek to impart to learners the fundamental understanding of Accounting ideas, taxation, payroll policies, and the integral specializations of Economics. It is a certification program offered by IIM SKILLS and a few other top-notch institutions in India.
Pursuing a BAT training program can provide you with the necessary knowledge and mastery of managing an institution and its various divisions of Accounting, Taxation, and Sales. Before we delve more in-depth into the curriculum of the BAT course and discuss the question “is BAT course worth it” let us first comprehend the two most important aspects of the course.
Also read: Business Accounting and Taxation (BAT) Course Details
What is Business Accounting?
Business Accounting is the method of auditing all the financial moves in a business. All financial records connected to the organization are systematically evaluated, recorded, and analyzed in business accounting. Accountants study economic events like investments and dealings through the bookkeeping process.
The number of people functioning in the accounting unit depends on the size of the company. One person can do the task in a small firm, whereas large companies may need various teams. An accounting report assists an entrepreneur make decisions after considering the financial soundness of the organization.
What is Taxation?
Governments worldwide observe the method of taxation. Taxation includes levying charges on an individual, a group of individuals, or institutions to generate revenue for developmental tasks in the country. The word “taxation” is a verb indicating the act of collection of a fee, and the resultant gain is called tax.
Payment of taxes to the assigned officials or the government is a linchpin of all societies. This payment is obligatory and is not associated directly with certain services delivered in return. People pay tax on material assets like transactions, property, and the sale of homes or stock. Property, Income, Capital gains, Sales, Corporate, and Inheritance are all various types of taxes.
Is BAT course worth it?
The response is yes! There are many job opportunities available in these domains. After having a degree in these domains, you can make a career in the government and private sectors. Professionally you can also opt for academic jobs in colleges and academies.
After finishing this intensive course program, you can select from an array of prospective job profiles, such as tax consultant, company law assistant, corporate legal assistant, account executive, finance manager, and tax analyst, to quote a few. The average earnings for BAT talents usually vary between Rs. 4 LPA.
In this world of fierce competition in accounting, it is worth doing a BAT course program. The BAT course is a practical course that will expose you to experiential education, problem-solving, and challenges in accounting and taxation domains.
Also read: Online BAT Course Programs
Is BAT course worth it: Responsibilities of a Business Accounting and Taxation Professional
You cannot answer, “is BAT course worth it” without mentioning the responsibilities of a Business Accounting and Taxation professional. Business Accounting and Taxation concern various roles and operations that a Business Accounting and Taxation expert performs. Here are the top five responsibilities of a Business Accounting and Taxation professional:
Keeping Books of Accounts
Keeping a systematic record of all the dealings related to Finance, Receivables, Inventory, and Payables is the primary role of Accounting.
Keeping a book of accounts enables management to ascertain the profits or losses, the financial situation of the company, the decision-making procedure, and future planning.
Internal Audits concern an examination of accounts and the inner system. BAT professionals do this regularly to save the company from fraud, errors in books of accounts, misappropriation of funds, etc.
Filing taxes is a critical function in the domain of accounting. A candidate should pay taxes punctually, file the tax payment papers, file tax returns, and considerably more for an organization. They also instruct organizations and individuals on lowering the tax burden by completing appropriate investments.
Cost Accounting involves analyzing the costing structure of a business by outlining and analyzing the cost data of the firm. Business Accounting and Taxation professionals perform cost accounting to manage the costs and distribute funds appropriately to the various processes and activities in the firm.
Management Accounting involves instructing the company management and studying the finances of the company, thus helping the decision-making process, controlling management, planning, etc.
Is BAT course worth it: Duration of BAT course
While responding to the question, “is BAT course worth it”, it is necessary to think about the duration of a BAT course program. If you’re toiling toward a professional career domain or advancing in the area you’re in right now, regard education as a method to get ahead. College degrees are not the only method to get a great job.
There are other options like a professional certification program. You can earn some certificates in Business Accounting and Taxation programs in just six months, while other programs take as long as two years to finish. The duration of a BAT course also depends a lot on the candidate’s dedication and focus.
Also read: Accounting Interview Questions & Answers
Is BAT course worth it: Jobs after a BAT course
A reasonable explanation for “is BAT course worth it” should include the descriptions of various jobs you can take after completing a Business Accounting and Taxation course.
Eventually, we have lighted on a question that will provide the answer for the job and salary after a BAT course. The job prospects after accounting and taxation can be manifold. Some of the jobs pertaining to Accounting and Taxation. There are also roles related to the company’s business growth. The positions related to business growth include finance managers, accounting managers, auditors, and tax managers.
Tax consultants and Accountants spend most of their time functioning and incorporating accounts units. They are usually required to complete accounting tasks, like recording and processing disbursements and receipts, drafting financial statements, and creating business decisions. They often function with other people in different accounting departments, such as purchasing, sales, and accounts departments. They may also have accountability for auditing other individuals’ company files, such as auditing a firm’s accounts inventory and receivables.
Also read: Skills Required for An Accountant
Now we will glance through the career profiles to comprehend the profession and salary after a BAT course-
Income tax officer is the most expected result in job search and salary after a Business Accounting and Taxation course. Income tax was the most typical type of tax paid. It was a tax levied by a government to assist their finances. Income tax was also known as a tax on the rich because the affluent paid more than the needy.
The primary role of the income tax officer is to amass the taxes that are due to the government. This responsibility is accomplished by running tax audits and delivering information to the administration on their behalf. The income tax officer also offers guidance to those employed in the state’s business.
Income tax officials help taxpayers ensure that they follow the tax regulations correctly. They are usually the first individuals to contact taxpayers to examine their finances. They also have a responsibility to ensure the completion of all applicable paperwork and the filing of tax returns correctly.
Auditing assistants are the same as auditors. The function of the auditor is to confirm that the accounting is accurate. With the growing internet usage and advancements in technology, the Auditing Assistant’s role is changing.
The function of an auditor is not only to confirm that the financial statements are accurate but also to ensure that the business is not overspending. The auditing assistant is accountable for overseeing the auditors and devising the financial reports.
The auditing assistant controls the daily preparation of the financial statements, reports, and records. He should confirm that all financial statements are precise and complete. The financial statements must get readied on time.
An auditing assistant is accountable for checking the precision of the financial information supplied by the company. They also examine potential fraud and probable issues with the establishment that may lead to further expenditures.
The accounting manager is accountable for the business’s documents and accounts. He is responsible for maintaining the books and records of the business; seeing that the books and documentation are correct and valid is the task. The manager is accountable for confirming that the company has sufficient funds in the treasury to disburse all of the taxes and other deficits.
Budget Analyst :
Another scholarly search result for the search on job and salary after a Business Accounting and Taxation course is Budget Analyst. The budget analyst is liable for providing the business with an allocation for the year.
The budget analyst determines the share of the money the business needs to pay for its function.
The budget analyst is furthermore responsible for deciding the budget for the firm for the upcoming year via the use of cost analysis methods. The budget analyst also organizes and publishes the company’s allocation, a record that shows the sum, the company will spend over the year.
The primary role of the senior accountant is to design financial reports, such as tax returns, income tax returns, and financial statements. The senior accountant functions with the other team members to prepare the financial reports. They also assist in preparing tax returns that the tax collector or government files.
This job is an essential role because it concerns organizing the accounting division, and you need to certainly regard it when learning about the job and salary after a Business Accounting and Taxation course. The primary duties of the tax manager are to manage the accounting division and draft tax returns. The taxes paid to the state relies on the accounting department’s statements.
A tax manager is accountable for the surveillance of all taxes in the company. A tax manager is also liable for tax preparation, confirming that all tax requirements are met, and the taxation of the business. A tax manager is accountable for confirming that the payment of taxes follows the right tax rates.
The tax manager ensures the organization and correct payment of tax bills. It also contains the collection of tax return forms and the collection of tax receipts. The tax manager can notice that the money collected is accurate and has the power to collect the tax on behalf of the business.
Financer Manager is also an employment role you can regard when exploring for a job and salary after a BAT course. The position of the finance manager is to design and oversee the budget of the firm. This includes collecting all financial statements and budgeting all business expenditures, and the management of the day-to-day functions of the company. The professional is also responsible for all parts of the company’s finance.
The finance manager is responsible for all executive and financial matters of the company, including preparing financial statements and tax returns, preparing the company’s allocation, and managing the company’s accounting division. The finance manager is accountable for preparing quarterly financial reports and financial documents. His job is to make sure that the company spends the funds wisely and avoids overspending.
Deputy General Manager:
The deputy general manager is the individual in charge of a marketing unit. The person is liable for managing the business’s marketing activity and controlling all marketing work. The deputy general manager’s assignment is to manage the company’s marketing activities and be liable for the whole marketing department.
Assistant General Manager:
An assistant general manager is accountable for the actions of the marketing division. The assistant general manager’s position is to oversee the department’s marketing actions and ensure that the marketing division is in good working order.
The chief role of an accounts executive is to manage an organization’s accounts. Because of the intricacy of accounting, most of the job of an account executive is accountancy. The primary responsibility of an account executive is to oversee the accounts of an establishment and function with the accounts.
The course instructor comes last as a career prospect for a Business Accounting and Taxation graduate. Nevertheless, becoming a BAT course instructor will be a massive decision you can make after searching for a job and salary after a BAT program. The course instructor will assist the students to learn how to improve their business acumen and business marketing strategies.
Is BAT course worth it: Salary of a BAT course graduate
MIS reports ERP systems, SAP, audits, accounting software, Service tax, understanding regarding payroll, and so on are several essential elements of a business accounting and taxation course. In India, the payment for a business accounting and taxation graduate ranges from 2 lakhs to 8 lakhs Indian rupees.
Also read: Business Accounting and Taxation Course Eligibility
Is BAT course worth it: Tools learned in a BAT course
The worth of a Business Accounting and Taxation course also depends on the tools and software it introduces to the students. Some of the best accounting and taxation tools that a BAT course introduces are:
- QuickBooks Online
- QuickBooks Self-Employed
- Oracle NetSuite ERP
- Vyapar – Accounting & Invoicing
- Output Books
- Deskera All in One
- Fraxinus Books ERP
- MProfit for Accounting
- Busy Accounting
- MARG ERP 9+ Accounting
- Horizon ERP
- HDPOS Smart Accounts and Billing
- Saral Accounts
- Book Keeper
- PACT Accounting
- Integra Trade Plus
- ANV Retail etc
Is BAT course worth it: An analysis of the BAT course by IIM SKILLS
IIM SKILLS is a multinational leader in skill development education, delivering training programs and extensive classes in some of the most significant fields. Their job-oriented course programs span up to twelve weeks and are appropriate for job seekers, students, specialists, homemakers, and freelancers.
The institute delivers placement services and helps to make the best resumes. The professional studies at IIM Skills encompass the most basic to the advanced ideas through a mix of theory and practicals. The learning structure delivers essential learning and understanding to the candidates.
The courses formed at IIM SKILLS are industry-relevant and career-oriented. The curriculum of each course program results from exhaustive research and guarantees the best upskilling and internship experience for students. The following are the course details of the Business Accounting and Taxation training by IIM Skills:
Course Name: Master BAT course
Duration: 3 months
Fees: INR 9900 + 18% GST
Download Business Accounting and Taxation Course Curriculum
FIND WHY 20,000+ PEOPLE LOVE IIM SKILLS
- Basics of Accounting and Accounting in Tally
- Basics of GST and GST in Tally
- Basics of TDS and TDS in Tally
- Payroll and Payroll with Tally
- Income Tax with Tally
- Advance Excel and MIS Reporting
Key elements of the BAT course by IIM SKills:
- Pre-recorded online sessions
- Interactive lectures
- Well-researched teaching strategies
- Industry experts-led classes
- Quick doubt explanations through discussion forums
- Practical assignments
- Weekly assessments
- Freelance opportunities
- Dedicated Placement Cell
- Free E-Books
- Invoicing Tools and Software
- Master certification from IIM Skills
- Flexible learning
- Backup classes
- Lifetime access to revised LMS
Who is this course for:
Students and new graduates of Commerce, Banking, Finance, Accounting, Law, CS, and more who are curious about a career in taxation
- Specialists in the Finance and Accounting fields
- Business individuals
- Start-up agencies or consultancies
To know more about this BAT course, you may contact IIM Skills at:
Phone no: + (91) 99 11 839503
Email Id: [email protected]
The following are the other certification programs by IIM Skills:
Frequently Asked Questions:
Is BAT course worth it?
The reply is yes! There are enormous job opportunities open in these fields. After holding a degree in this domain, you can take a career in the private and government sectors. Professionally one can also opt to teach in universities and colleges.
Can I start a career after completing a BAT course?
After completing an intensive course in Business Accounting and Taxation, you can select from an array of bright job profiles, like tax consultant, company law assistant, corporate legal assistant, account executive, tax analyst, and finance manager, to name a few. The average earnings for BAT skills usually range between Rs. 4 Lakhs Per Annum.
What is the salary for a BAT course?
You can choose between an array of potential job descriptions after finishing this state-of-the-art program. These jobs include company law assistant, tax consultant, financial manager, corporation legal secretary, accounting executive, and tax analyst, to cite a few. In India, the payment for a business accounting and taxation graduate ranges from 2 lakhs to 8 lakhs Indian Rupees.
Business Accounting and Taxation have forever been in-demand skills in the Accounting enterprise. With time businesses and individuals have understood the significance of bookkeeping and tax filing. The procedure and method in business accounting and taxation have altered much, making it a more intricate and detailed process.
Businesses need Business Accounting and Taxation experts for managing different accounts and tax filing in the enterprise related to clients, employees, vendors, inventory, etc. Not just with firms, but there is a demand for Business Accounting and Taxation experts among individuals.
With time and understanding, more and more people understand the significance of filing taxes. Filing taxes can be a tiresome process hence a majority of the people require Business Accounting and Taxation experts for filing taxes.
To conclude, we have to say that the answer to “is BAT course worth it” is an absolute yes. We hope that the article helped you to understand the ever-growing scope of a BAT course in the world of commerce. Have a good learning experience.