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Fundamentals of Accounting and Reporting

Tally Education and Distribution Services Private Limited

Fundamentals of Accounting and Reporting

This course is part of Tally Bookkeeper Professional Certificate

Instructor: Tally Education and Distribution Services Private Limited

40,675 already enrolled

Included with

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8 modules

Gain insight into a topic and learn the fundamentals.

189 reviews

Beginner level

Recommended experience

Flexible schedule

4 weeks at 10 hours a week

Learn at your own pace

98%

Most learners liked this course

8 modules

Gain insight into a topic and learn the fundamentals.

189 reviews

Beginner level

Recommended experience

Flexible schedule

4 weeks at 10 hours a week

Learn at your own pace

98%

Most learners liked this course

Skills you'll gain

Tools you'll learn

Accounting Software

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

43 assignments

Taught in English

91%

of learners achieved a positive career outcome

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Build your Finance expertise

This course is part of the Tally Bookkeeper Professional Certificate

When you enroll in this course, you'll also be enrolled in this Professional Certificate.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate from Tally Education and Distribution Services Private Limited

There are 8 modules in this course

This course is for those interested in starting a career in bookkeeping. The course will help you learn and apply the basic concepts of computerized accounting using TallyPrime, fundamentals of accounting, book-keeping, day-to-day business transactions, creating charts of accounts, preparing and analyzing management information systems, and how to secure company data.

The course is enriched with numerous real business scenarios, screenshots, observations, solved illustrations, and practice scenarios to help you experience the simplicity and the power of technology of working on TallyPrime as you solve these real-life business scenarios. You will gain skills in the intricacies of business operations and learn to handle such transactions in the daily work environment with ease. By the end of the course, you will be able to: - Explain and apply the fundamentals of accounting - Use TallyPrime as an integrated business management software - Create and maintain chart of accounts - Record and maintain accounting transactions - Describe and manage banking payments - Generate and analyze financial statements - Implement security control to protect data - Backup and restore company data No prior experience in bookkeeping is required, but you should have an interest and aptitude in working with numbers.

Module details

At the end of the module Fundamentals of Accounting, you will be able to, Define the Concept of Accounting, Explain the six phases of Accounting Cycles, Demonstrate the Golden Rules of Accounting, Define and explain Trial Balance, Trading Account, Profit and Loss Account, and Balance Sheet.

What's included

13 videos6 readings4 assignments1 discussion prompt

13 videosTotal 24 minutes

Welcome Video - An Overview2 minutes
Welcome Video2 minutes
Meaning of Accounting1 minute
Accounting Cycle2 minutes
Golden Rules of Accounting2 minutes
Types of Personal Account1 minute
Golden Rules of Personal Account, Real Account, Nominal Account8 minutes
Trial Balance1 minute
Introduction to Financial Statements1 minute
Trading Account1 minute
Profit and Loss Account1 minute
Balance sheet1 minute
Conclusion1 minute

6 readingsTotal 160 minutes

Program and Course Overview10 minutes
Meaning of Accounting30 minutes
Golden Rules of Accounting30 minutes
Trial Balance30 minutes
Introduction to Financial Statements30 minutes
Conclusion30 minutes

4 assignmentsTotal 20 minutes

Meaning of Accounting1 minute
Golden Rules of Accounting3 minutes
Trial Balance and Financial Statements1 minute
Graded Assessment-Fundamentals of Accounting15 minutes

1 discussion promptTotal 10 minutes

You can make use of this Discussion Prompt to introduce yourself.10 minutes

At the end of the module introduction to TallyPrime, You will be able to, Demonstrate the TallyPrime, Explain the features of TallyPrime, Download and Install TallyPrime, Use and Operate TallyPrime, Create Company and Set up Company Features in TallyPrime, Navigate within TallyPrime, Alter the company, Shut the company

What's included

13 videos7 readings6 assignments

13 videosTotal 18 minutes

Introduction to Tally1 minute
Features of Tally3 minutes
Downloading and Installation of Tally2 minutes
Company Creation and Setting up Company4 minutes
Navigating from Anywhere to Anywhere in Tally1 minute
Top Menu2 minutes
Right Buttons1 minute
Go To2 minutes
Switch To1 minute
F12 Configuration in Tally1 minute
Alter Company Details0 minutes
Shut the Company0 minutes
Conclusion1 minute

7 readingsTotal 110 minutes

Introduction to Tally10 minutes
Features of Tally10 minutes
Downloading and Installation of Tally30 minutes
Company Creation and Setting up Company10 minutes
Getting Started with Tally30 minutes
F12 Configurations in TallyPrime10 minutes
Conclusion10 minutes

6 assignmentsTotal 21 minutes

Features of Tally1 minute
Downloading and Installation of Tally1 minute
Company Creation and Setting up Company1 minute
Getting Started with Tally2 minutes
Company Configuration1 minute
Graded Assessment-Introduction to TallyPrime15 minutes

At the end of the module Maintaing Chart of Accounts, You will be able to, Explain Chart of Accounts, Create Company Chart of Accounts, Create Accounting and Inventory Masters, Alter and Delete the Masters, Create the Multi-Masters and Display the Chart of Accounts

What's included

20 videos8 readings5 assignments

20 videosTotal 36 minutes

Introduction to Maintaining Chart of Accounts2 minutes
Chart of Accounts4 minutes
Overview of Creation of Masters in Tally1 minute
Introduction to Accounting Masters1 minute
Group Creation2 minutes
Ledger Creation2 minutes
Introduction to Inventory Masters1 minute
Creation of Stock Group3 minutes
Creation of Stock Category2 minutes
Creation of Unit of Measure3 minutes
Creation of Stock Item3 minutes
Creation of Godown2 minutes
Alteration of Masters in Tally1 minute
Deletion of Masters in Tally1 minute
Overview of Multi-Masters Creation and Display of Chart of Accounts1 minute
Multi Groups Creation2 minutes
Multi Ledgers Creation2 minutes
Multi Stock Groups Creation1 minute
Multi Stock Items Creation2 minutes
Conclusion1 minute

8 readingsTotal 130 minutes

Introduction to Maintaining Chart of Accounts10 minutes
Chart of Accounts10 minutes
Creation of Masters in TallyPrime- Accounting Masters20 minutes
Creation of Masters in TallyPrime- Inventory Masters30 minutes
Alteration of Masters in Tally10 minutes
Deletion of Masters in Tally10 minutes
Multi-Masters Creation and Display of Chart of Accounts30 minutes
Conclusion10 minutes

5 assignmentsTotal 21 minutes

Introduction to Maintaining Chart of Accounts1 minute
Chart of Accounts1 minute
Creation of Masters in TallyPrime3 minutes
Multi-Masters Creation and Display of Chart of Accounts1 minute
Graded Assessment-Maintaining Chart of Accounts15 minutes

At the end of the module Recording and Maintaining Accounting Transactions, you will be able to, Record Day-to-Day Transactions in an actual business scenario and Generate the Financial reports in Tally

What's included

13 videos13 readings4 assignments

13 videosTotal 67 minutes

Introduction to Recording and Maintaining Accounting Transactions0 minutes
Recording Transactions in Tally1 minute
Introduction to Recording Accounting Vouchers in Tally3 minutes
Receipt Voucher (F6)3 minutes
Contra Voucher (F4)4 minutes
Payment Voucher (F5)6 minutes
Purchase Voucher (F9)12 minutes
Sales Voucher (F8)7 minutes
Debit Note Voucher (Alt+F5)7 minutes
Credit Note Voucher (Alt+F6)7 minutes
Journal Voucher (F7)14 minutes
Recording for Provisions1 minute
Conclusion1 minute

13 readingsTotal 350 minutes

Introduction to Recording and Maintaining Accounting Transactions5 minutes
Recording Transactions in Tally5 minutes
Introduction to Recording Accounting Vouchers in Tally15 minutes
Receipt Voucher (F6)30 minutes
Contra Voucher (F4)30 minutes
Payment Voucher (F5)30 minutes
Purchase Voucher (F9)45 minutes
Sales Voucher (F8)45 minutes
Debit Note Voucher (Alt+F5)30 minutes
Credit Note Voucher (Alt+F6)30 minutes
Journal Voucher (F7)45 minutes
Recording for Provisions30 minutes
Conclusion10 minutes

4 assignmentsTotal 24 minutes

Recording Transactions in Tally.2 minutes
Introduction to Recording Accounting Vouchers in Tally- Part A3 minutes
Introduction to Recording Accounting Vouchers in Tally- Part B4 minutes
Graded Assessment-Recording and Maintaining Accounting Transactions15 minutes

At the end of the module Banking, you will be able to, Describe Banking Payments, Configure and Print the single and multiple Cheques, Generate and Print Deposit Slip, Generate Cheque Deposit Slip, Generate Cash Deposit Slip, Generate and Print Payment Advice, Prepare Bank Reconciliation Statement.

What's included

13 videos13 readings7 assignments

13 videosTotal 43 minutes

Introduction to Banking3 minutes
Banking Payments1 minute
Cheque Printing3 minutes
Single Cheque Printing3 minutes
Multi Cheque Printing3 minutes
Overview of Deposit Slip1 minute
Cheque Deposit Slip3 minutes
Cash Deposit Slip3 minutes
Payment Advice3 minutes
Overview of Bank Reconciliation2 minutes
Manual Bank Reconciliation5 minutes
Auto Bank Reconciliation13 minutes
Conclusion1 minute

13 readingsTotal 370 minutes

Introduction to Banking30 minutes
Banking Payments10 minutes
Cheque Printing30 minutes
Single Cheque Printing30 minutes
Multi Cheque Printing30 minutes
Overview of Deposit Slip30 minutes
Cheque Deposit Slip30 minutes
Cash Deposit Slip30 minutes
Payment Advice30 minutes
Overview of Bank Reconciliation30 minutes
Manual Bank Reconciliation30 minutes
Auto Bank Reconciliation30 minutes
Conclusion30 minutes

7 assignmentsTotal 26 minutes

Introduction to Banking1 minute
Banking Payments1 minute
Cheque Printing2 minutes
Deposit Slip3 minutes
Payment Advice1 minute
Bank Reconciliation3 minutes
Graded Assessment- Banking15 minutes

At the end of the module Generating Financial Statement and MIS Report, you will be able to: • Generate and interpret Final Accounts Reports in Tally such as, - Trial Balance - Profit and Loss Account - Balance Sheet - Cash Flow and Funds Flow - Receipts and Payments • Generate and Interpret MIS (Management Information System) Reports. - Stock Summary - Daybook - Cash and Bank Books - Purchase Register - Sales Register - Journal-Register

What's included

21 videos15 readings4 assignments

21 videosTotal 46 minutes

Introduction to MIS3 minutes
Trial Balance3 minutes
Profit and Loss Account4 minutes
Balance Sheet3 minutes
View working capital figures from Balance Sheet1 minute
Cash Flow Analysis Report3 minutes
Funds Flow Analysis Report2 minutes
Receipts and Payments2 minutes
MIS Reports in Tally0 minutes
Stock Summary Analysis1 minute
Stock Summary3 minutes
Item-wise Profitability Analysis1 minute
Godown-wise Stock Availability2 minutes
Stock Query1 minute
DayBook5 minutes
Cash and Bank Book3 minutes
Purchase Register2 minutes
Sales Register3 minutes
Journal Register1 minute
Bird’s eye view/Drill down display from anywhere to anywhere2 minutes
Conclusion1 minute

15 readingsTotal 450 minutes

Introduction to MIS30 minutes
Trial Balance30 minutes
Profit and Loss Account30 minutes
Balance Sheet30 minutes
Cash Flow & Fund Flow Analysis Report30 minutes
Receipts and Payments30 minutes
MIS Reports in Tally30 minutes
Stock Summary Analysis30 minutes
DayBook30 minutes
Cash and Bank Book30 minutes
Purchase Register30 minutes
Sales Register30 minutes
Journal Register30 minutes
Bird’s eye view/Drill down display from anywhere to anywhere30 minutes
Conclusion30 minutes

4 assignmentsTotal 23 minutes

Introduction to MIS1 minute
Final Accounts Reports in Tally5 minutes
MIS Reports in Tally2 minutes
Graded Assessment-Generating Financial Statements and MIS Report15 minutes

At the end of the module Data Security, you will be able to: • Describe Data Security & Security Control • Activate Security Control in Tally • Create the Security Levels, Assign the Users and Passwords for Company • Access the Company with Data Operators User Account • Change User feature in Tally • Activate the TallyVault Feature • Use Auto-Login option in Tally

What's included

13 videos9 readings7 assignments

13 videosTotal 37 minutes

Introduction to Data Security2 minutes
Security Control4 minutes
Activation of Security Control2 minutes
Creation of Security Levels in Tally (User Roles)9 minutes
Creation of Users And Passwords for Company1 minute
Accessing the company using Security Levels1 minute
Change User1 minute
Login to the company using the Security Level - Data Entry 13 minutes
Login to the company using the Security Level - Data Entry 24 minutes
Login to the company using the Security Level - Accountant4 minutes
Auto Login3 minutes
TallyVault3 minutes
Conclusion1 minute

9 readingsTotal 135 minutes

Introduction to Data Security5 minutes
Security Control10 minutes
Activation of Security Control10 minutes
Creation of Security Levels in Tally (User Roles)30 minutes
Creation of Users And Passwords for Company10 minutes
Accessing the company using Security Levels30 minutes
Auto Login10 minutes
TallyVault20 minutes
Conclusion10 minutes

7 assignmentsTotal 17 minutes

Activation of Security Control1 minute
Creation of Security Levels in Tally (User Roles)1 minute
Creation of Users And Passwords for Company1 minute
Accessing the company using Security Levels1 minute
Auto Login1 minute
TallyVault1 minute
Graded Assessment- Data Security11 minutes

At the end of the module Company Data Management, you will be able to: • Explain the Data Backup and Restore Procedure • Take the Data Backup of Company in Tally. • Restore the Company Data from a Backup file in TallyPrime. • Repair the Company Data. • Migrate the Tally.ERP 9 Data to TallyPrime.