Certified Professional Accountant Course

Introduction of Accounting

Accounting is the process of identifying, measuring, recording, and communicating financial information about an entity to various stakeholders, including investors, creditors, and government agencies. The information provided by accounting helps stakeholders make informed decisions about the entity’s financial health, performance, and prospects.

Overall, accounting plays a critical role in the functioning of the business world, providing stakeholders with essential financial information to help them make informed decisions about investments, lending, and other economic activities.

Journal Entries in Tally Prime

In Tally Prime, a journal entry is used to record any financial transaction that cannot be recorded using a voucher type that is already available in the software. Journal entries are typically used to record adjustments, such as depreciation, prepaid expenses, accruals, or any other type of accounting entry that cannot be recorded using a regular voucher type.

you can also view, modify, or delete previously recorded journal entries by selecting the ‘Display’ option from the Gateway of Tally and then choosing ‘Daybook’ or ‘Ledger’ to view the transaction history for a particular date or ledger account.

Features & Shortcuts of Tally Prime


  1. Invoicing and Billing: Tally Prime provides a simple and intuitive interface for creating and managing invoices and bills.

  2. Financial Management: Tally Prime supports multiple financial transactions, such as receipt, payment, journal, and contra vouchers.

  3. Inventory Management: Tally Prime offers a comprehensive inventory management system that allows you to track stock levels, purchase orders, sales orders, and more.

  4. GST Compliance: Tally Prime is fully compliant with the Goods and Services Tax (GST) system in India, and supports all GST-related transactions and reporting.

  5. Payroll Management: Tally Prime provides an easy-to-use payroll management system that allows you to manage employee salaries, taxes, and other related information.

  6. Banking Integration: Tally Prime can be integrated with various banking systems to facilitate seamless financial transactions.

  7. Multi-lingual Support: Tally Prime supports multiple languages, making it easy to use for people who are not proficient in English.


  1. To create a new voucher, press F2.
  2. To delete a voucher, press Alt + D.
  3. To view the daybook, press Alt + F2.
  4. To view the ledger, press Alt + F5.
  5. To view the stock summary, press Alt + F7.
  6. To view the outstanding report, press Alt + F9.
  7. To close a report, press Esc.

Practical Accounting

The practical accounting training in the Certified Accountant course may involve real-world case studies, group projects, and simulations to help students develop their accounting skills and gain practical experience in accounting practices. By completing the practical accounting component of the course, students will be better equipped to handle accounting tasks and manage financial records in a professional environment.

Inventory Management

Inventory management is an important component of the Certified Accountant course, as it is a critical part of accounting for businesses that sell products. The inventory management component of the course may cover topics such as:’

Inventory control systems

Inventory valuation

Inventory tracking

Inventory audits

Inventory reporting

Inventory costing

Inventory forecasting

By completing the inventory management component of the Certified Accountant course, students will be equipped with the skills and knowledge necessary to manage inventory for businesses of all sizes. Effective inventory management is critical for businesses to maintain profitability, minimize waste, and improve customer satisfaction, making this a valuable component of the Certified Accountant course.

Banking & Reconciliations

Banking and reconciliations are important components of the Certified Accountant course, as they are critical for businesses to maintain accurate financial records and prevent fraud. The banking and reconciliations component of the course may cover topics such as:

  1. Bank transactions

  2. Bank reconciliation

  3. Cash management

  4. Loan management

  5. Foreign exchange management

  6. Fraud prevention

  7. Regulatory compliance

Expenditure Heads & Transactions

Expenditure heads and transactions are a critical component of the Certified Accountant course, as they are essential for managing a business’s finances and maintaining accurate financial records. The expenditure heads and transactions component of the course may cover topics such as:

  1. Expense categorization

  2. Expense recording

  3. Expense analysis

  4. Budgeting and forecasting

  5. Tax compliance

  6. Expense reports

  7. Cost control

GST Analysis and its working

GST (Goods and Services Tax) is an indirect tax that has replaced multiple indirect taxes in India. Understanding the GST and its analysis is an essential component of the Certified Accountant course. The GST analysis and working component of the course may cover topics such as:

  1. GST registration

  2. GST returns

  3. GST payment

  4. GST input tax credit

  5. GST audits

  6. GST compliance

  7. GST impact analysis

Basics of MS-Excel

MS Excel is a powerful spreadsheet application that is widely used in the business world. Understanding the basics of MS Excel is an essential skill for many professionals, including accountants. The basics of MS Excel that may be covered in a course could include the following topics:

  1. Introduction to MS Excel

  2. Data entry

  3. Formatting cells

  4. Formulas and functions

  5. Charts and graphs

  6. Filtering and sorting data

  7. PivotTables

  8. Conditional formatting

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