With changing times and the required skills in the industry, the demand for specialized resources has increased, be it software, automation, production, or finance, need for specialized technical personnel is souring like never before. The business accounting and taxation courses in Hyderabad have brought a plethora of opportunities for those looking to start a breakthrough career in the field of finance, accounting, and taxation.
The course makes you conversant with recent development in business accounting and taxation norms and brings up employable skills in top-tier companies. This ultimately helps you add many essential skills that will help you start your journey to an illustrious career in the field of finance and accounting.
This article is focused on
- What are business accounting and taxation courses?
- Relevance of a BAT course in today’s dynamic business environment
- Who can pursue BAT courses in Hyderabad?
- What job profile one should expect after the BAT courses in Hyderabad?
- Top 4 institutes offering business accounting and taxation courses in Hyderabad
- FAQs About BAT Courses in Hyderabad.
What Are Business Accounting and Taxation Courses?
A business accounting and taxation course is a specialized course designed to help students and professionals related to any field of finance. It imparts knowledge of the fundamentals of finance, accounting, and taxation.
The business accounting part of the course helps to understand different operations carried out in the business process, accounting structures adopted by the companies, and financial positions of the companies by reading and interpreting financial statements.
All these skills enable participants to understand the financial standing of companies in-depth and make sound decisions like investments, forecasting, etc. The taxation part of the course helps participants to understand the regulatory framework of the business. What are the different taxes applicable while executing the business process? Multiple tax implications and how to deal with them.
This knowledge can play a vital role for companies doing business from local to global platforms. It can help companies prevent various tax implications and devise impeccable business strategies that can open lucrative business opportunities for the companies.
For someone who wishes to make a sound start in the field of finance, accounting, or taxation, business accounting and taxation courses in Hyderabad can prove to be the perfect head start over their peers. A student and working professionals can benefit from this course as it can help them understand the depth of multiple aspects of finance, accounting, and taxation.
Relevance of BAT Courses in Hyderabad in Today’s Dynamic Business Environment
Every business-related aspect has found a dynamic role in the changing business environment and the advent of new business landscapes. Accounting and taxation are no different from any of such business aspects. Accounting is one of the most important aspects of the business, it enables businesses to keep the financial aspects in a structured form.
Accounting keeps all the relevant business data stored in a structured form for further use. Accounting is a process of recording, summarizing, analyzing, and reporting financial and business transactions. Financial accounting has a few very essential statements that mark the basis of financial accounting, those are:
1. Profit and loss account statement: – this statement shows, what are the different expenses the company has encountered and what are the different avenues of income, it ultimately gives information about are profits and losses incurred by the company.
2. Balance sheets: – Balance sheet balances the business’s assets and liabilities on a given date. It tells about the position of a business in terms of what the business owns and what the business owes on a given date.
3. Cash flow statement: – Cash flow statement talks about what is the actual flow of cash, inflow, or outflow. It is used to signify cash usage for operations, investments, and other financial activities, all this is recorded in the cash flow statement.
These three financial statements form part of financial accounting, which is essential and mandatory for businesses to maintain by statute. It gives away all the past and present financial information about the entity. All these financial statements provide quantitative information to all the involved stakeholders of the business.
This information helps stakeholders to understand the financial position of a business entity and evaluate it. The new environment has found new applications for this process. All this available information enables stakeholders to understand businesses in-depth and transform the available historical data into an essential piece of information that helps stakeholders to make important business decisions.
These decisions are based on sound information derived from accounts of the company. Financial accounting becomes the basis of such decisions making process. These decisions enable stakeholders to spend on operations, marketing, capital assets, etc.
It also enables them to invest in the right direction, flourish, generate revenue, and add value to the business. Transforming available information into essential business decisions is the function of business accounting. Taxation is a dynamic process that keeps on changing with time.
The introduction of multiple tax regimes by the government with time has made it an ongoing and perpetual process. To handle the dynamic nature of the taxation process, the requirement for expertise in taxation is more evident than ever.
There Are Different Types of Taxation
1. Direct tax: – income tax, corporate tax, and capital gains tax are the type of direct taxes. Income tax is a taxation method for individuals having income over a pre-determined level of income. In India, the progressive taxation method has followed that means, with the increase in income, taxation increases.
Corporate tax is levied on the earnings of companies. Capital gain tax is levied on the gains earned by individuals or entities over a while. Long-term and short-term capital gains tax differentiates the time taken from the profits to accumulate.
2. Indirect tax: – Indirect taxes are different from direct taxes as it is not levied on any pre-identified individuals or entities, it is paid by the consumer of any product or service. There are multiple types of indirect taxes.
- Excise duty
- Sales tax
- Custom duty
- Goods and Service tax
- Service tax
- Stamp duty
- Entertainment tax
In recent years, the Indian government has decided to merge multiple taxes into one which is the Goods and Services tax. Barring a few goods and services, every other was indirectly taxed by the way of GST.
The government keeps on updating statutes related to the taxation process like the percentage of taxes levied on the baskets of goods and services, and the introduction and exclusion of certain goods and services from the tax regime.
There are other different types of taxes too like wealth tax, gift tax, infrastructure cess, toll, and road tax, etc. The dynamic nature of direct and indirect taxes has made the companies have a team of taxation experts. This keeps them on the right side of the statute and helps them to avoid hefty penalties that could have been imposed by government departments.
All these reasons make a course on Business accounting and taxation an essential course for someone related to the field of finance and accounting. It’s a way to go for those who wish to have a strong foundation in finance, accounting, and taxation.
Who Can Pursue a Course on Business Accounting and Taxation?
Most of the courses on business accounting and taxation are designed to suit students from the field of commerce and finance. A degree in commerce or finance will make it easier for participants to pursue the course. This course can prove beneficial for students looking to make a career in the field of finance as well as for working professional who wants to specialize in the field of business accounting and taxation.
It is not a necessity to have a degree in the field of commerce. some of the courses start with elementary levels that can be useful to those who have little understanding of finance, taxation, accounting, and commerce. Here, a background in commerce and accounting can be a plus point but cannot be termed a prerequisite. Someone with a background in the higher secondary can also pursue this course.
What Job Profile is Expected After Completing the BAT Courses in Hyderabad?
After completing a course on business accounting and taxation, one has a plethora of options to work. The profiles can vary with the level of knowledge earned and the interest level of every individual. The profiles that are offered to individuals who pursue courses in business accounting and taxation are
- Tax consultant
- Account officer
- Account manager
- Accounts consultant
- Finance consultant
- Bank manager
- Audit officer
- Payroll officer
- GST officer
- Financial accounting executive
With all these profiles, there are immense opportunities available for individuals with knowledge of business accounting and taxation. This course enables participants to work in the capacity of various profiles about the financial domain.
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Top 4 Institutes Offering Business Accounting and Taxation Courses in Hyderabad
Several institutes offer business accounting and taxation courses in Hyderabad, let us look into the top offering.
Rank #1. Business Accounting and Taxation Courses in Hyderabad
1. IIM SKILLS
IIM SKILLS is one of the most prestigious online learning providers in recent times. It offers courses on multiple domains like business accounting and taxation, content writing, digital marketing, financial modeling course, etc. The business accounting and taxation courses in Hyderabad offered by IIM SKILLS are one of the most sought-after and highly rated courses by the participants.
It has got a rating of 9.9 out of 10 rated by more than 10 thousand individuals. This is a comprehensive course that covers GST, Income tax, tally, excel, balance sheet, payroll accounting, MIS reporting, etc. It’s a 4-month course that can be done self-paced. It’s a government of India-recognized course that has internship opportunities and a dedicated placement cell for job opportunities.
This course enables hands-on learning to its participants and provides 120+ hours of lectures and 60+ hours of practical assignments that help participants to get a good grip on the subject matter. This course provides 100% tool-driven training for the participants that makes it easier for the participants to transition to industries.
It’s an online course that enables lifetime access that makes it easier for them to access the course material anytime from anywhere and makes it easier for them to revise the concepts of business accounting and taxation. This course provides 24×7 support through the community of 2000+ experts. This enables practical learning for all. They provide globally accredited master certification in business accounting and taxation.
The cost of BAT courses in Hyderabad is 9900/- + GST.
Their BAT Courses in Hyderabad are Covered in Six Modules
1. Accounting and Accounting in Tally
This module is approximately 25 hours long, divided into two sections. The first section covers the basics of accounting, accounting fundamentals, accounting principles, accounting equations, the meaning of accounting equations, accounting standards (generally accepted accounting principles), types of accounts, etc. the second section covers the Tally. Basics of tally, setting up the tally, account creation in tally, setting up account heads, group and ledger creation, debit credit note, etc.
2. GST and GST in Tally
This module is approximately 22 hours long module and it has been divided into three different sections. The first section covers the basics of GST, the introduction of GST, the structure of GST, registration under GST, types of taxes covered under GST, composition scheme under GST, reverse charge mechanism, point of sale, input tax credit, and payment in GST, invoicing in GST, credit note in GST, bill of supply in GST, E-way bill in GST, GST return, GST input reconciliation, GST output reconciliation, GST 1 and 3B correction.
The second section covers the tally part, basics of GST in tally, recording of GST in tally, input and output tax reconciliation in tally, filing GSTR3B form in tally, filing GSTR1 form using tally, and generating Eway bills using tally. The third section covers GST filling, filling of GSTR-1, filling GSTR-3B, filling GSTR-9 and 9C, CMP-08, GSTR-4, and LUT.
3. TDS and TDS in Tally
This module is approximately 20 hours long module and it is also covered in three sections like the previous one. The first section of this module covers the basics of TDS, the introduction of TDS, TDS processing, transactions involving TDS, payments of TDS, generating TDS challan, adjustments in TDS, TDS on expenses and inventory, TDS on fixed assets, TDS on sales commission, TDS computation, TDS and challan reconciliation, TDS return, TDS payable, TDS not deducted.
The second section of this module is about TDS in tally, TDS features in tally, enabling TDS in tally, recording basic TDS transactions, recording advance TDS transactions, TDS reports, and reversal of excess TDS deducted. The third section deal with TDS filling, TDS return form 26Q, salary composite with payroll, tax collection at source, TDS on property and rent, payment to non-resident 27Q, interest and penalties, etc
4. Payroll and Payroll in Tally
This module is approximately 12 hours long and It is divided into two sections. The first section is about the basics of payroll, it covers payroll accounting and compliance, accounting for PF contribution, processing employer’s ESI contribution, payment of ESI, payment of professional tax, generating payroll reports, etc. the second section is about payroll with tally and it contains the configuration of payroll in tally, processing payroll in tally, and accounting for employer ESI contribution.
5. Income Tax with Tally
This module can be covered in approximately 23 hours and it’s bifurcated into two sections. The first section is about the basics of income tax with a tally that contains the introduction of income tax, the configuration of income tax in tally, income tax master configuration, overhead income tax, income tax reports, income tax returns, etc.
The second section covers income tax filling, it comprises of computation and filling of ITR01, computation, and filling of ITR02 (house and property), computation and filling of ITR02 (Capital gains, agriculture), computation and filling of ITR03, computation of presumptive income and E-filling of ITR04, etc.
6. Advance Excel and MIS Reporting
This is the final module of this course, it can be covered in approximately 18 hours and this module is also bifurcated into two sections. The first section deals with advanced excel. It covers the introduction of excel, formatting numbers, managing workshops, modifying rows and columns, understanding formulas, and tables, conditional formatting, the introduction of charts, adding graphics to spreadsheets, etc.
The second section deal with MIS reporting and financials, it covers the objectives and advantages of MIS, MIS reporting using excel, and financials in excel.
Business Accounting and Taxation Courses in Hyderabad Offered by IIM SKILLS Aims for:
- To inculcate useful fundamentals of accounting, taxation, and payroll.
- To give a wholesome perspective to the participants
- To give a multi-facet dimension to business management
- To enable the learning of book-keeping and account keeping
This business accounting and taxation course can prove to be an excellent way to keep your first foot forward to a glorious career in the field of finance, accounting, and taxation.
- Business Accounting and Taxation Course in Guwahati
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- Business Accounting and Taxation Course in Tamil Nadu
Rank #2. Business Accounting and Taxation Courses in Hyderabad
2. PGP Business Accounting and Taxation by EduPristine
They provide a post-graduation program that is provided in online mode. There is minimum eligibility to enroll for this course – one has to hold a degree in finance, commerce, or accounting to apply for this course. Someone with relevant experience can also apply for this course.
Aspirants can either apply for the course online through their websites or they can visit their office and apply via offline mode. This course can prove to be an essential element to bridge that gap. This business accounting and taxation course are suitable for any fresher from a commerce background and it can also be helpful to boost the career of laterals from the field of finance, accounting, and taxation.
This course can be self-paced as per participants learning, with a normal speed, aspirants can complete this course in 5 months. This course is divided into nine different modules that cover multiple aspects as given below:
- Module 1
This module covers the basics of accounting and accounting in a licensed version of TallyPrime
- Module 2
This module covers the basics of GST and GST in the licensed version of TallyPrime
- Module 3
This covers the basics of income tax and income tax in the licensed version of TallyPrime
- Module 4
This module covers the basics of payroll and payroll in a licensed version of TallyPrime and excel
- Module 5
This module covers excel and MIS reporting
- Module 6
This module covers the format of financials and financials of excel
- Module 7
This module covers setting up busy software and extraction of GST reports
- Module 8
This module covers SAP and it comprises of purchase and sales process and practical simulation
- Module 9
This module covers soft skills and it comprises business communication and interpersonal communication
The lectures in their business accounting and taxation courses in Hyderabad are based on practical learning and conceptual understanding. These online lectures are followed by Lab based classroom training which is essential as it provides hands-on experience on industry projects and case studies that is executed in a highly interactive environment at the EduPristine centers.
To appear in these classroom training, one has to complete all the modules through online lectures provided by experienced faculties. This methodology makes sure to give practical, conceptual, and industry-oriented exposure to the participant.
Rank #3. Business Accounting and Taxation Courses in Hyderabad
3. Institute of Professional Accountant
The institute of Professional Accountants is one of the premier institutes offering its flagship business and accounting courses in Hyderabad. It offers accounting finance and taxation courses with conceptual knowledge and a practical approach using multiple software.
IPA is committed to imparting fundamental knowledge and helping participants to acquire employable skills with the perfect blend of practical and theoretical skills required in the industry. IPA is working towards helping undergraduate and graduate students to acquire essential skills like financial accounting, business accounting, payroll management, taxation, etc. required for industries.
Along with the business accounting and taxation courses in Hyderabad, it offers multiple diploma courses and specialized courses on different topics essential for accounting, finance, commerce, and taxation.
With changing times, the business accounting and taxation profession has increasing demand in the industry. This demand is going north with time, to cater to this ever-rising demand, IPM offers a comprehensive course that bridges the gap between a graduate from college to the requirement in the industry.
Features of Business Accountant and Taxation Courses in Hyderabad by IPA
- This course is a 100% job-guaranteed course
- All the faculties are highly experienced CA
- This course is a government of India-recognized diploma course
- This course is available in offline and online mode
- It’s a flexible course, and aspirants can complete it on their peace with the convenience
Who is Eligible for This Course
- Any graduate or Postgraduate
- Anyone with 10+2 in any discipline
- Working professional
- Anyone with Age between 18-30
To enroll in this course, aspirants have to register on the website and the IPA team will contact them. Once the registration process is done, aspirants will have to attend the training either online or offline in IPA centers nearest to their location. Once the training is done, certification is completed and they are job ready for the industry.
Rank #4. Business Accounting and Taxation Courses in Hyderabad
4. Henry Harvin
Henry Harvin is one of the most sought-after names among online learners. It offers various courses ranging from content writing, digital marketing, data, science, six sigma certification, etc. Its course in business accounting and taxation is one of the highly demanded and popular among students and working professionals from the finance domain.
The business accounting and taxation courses in Hyderabad offered by Henry Harvin is a comprehensive course that comprises vital elements of accounting. This course covers GST, income tax, balance sheet, TDS, etc. This course is one of the coveted courses for individuals aspiring to start a successful career in the field of accounting and finance.
Salient Features of Business Accounting and Taxation Courses in Hyderabad
- This is a 9-in-1 course which means it covers
- Gold Membership
- An integrated curriculum enables an in-depth understanding
- Industry-oriented project learning
- Hands-on training experience
- Record of 2100+ hirings
Henry Harvin has highly experienced faculty with a blend of industrial and teaching experience. This course is covered in 7 different modules, that cover almost all the facets of business accounting and taxation.
- Module 1: – GST Practitioner course
- Module 2: – Income tax Specialist
- Module 3: – Financial statement analysis
- Module 4: – Tally ERP9
- Module 5: – Advance Excel for accounting and MIS
- Module 6: – HR Payroll
- Module 7: – Simulated Accounting and Taxation
Frequently Asked Questions About Business Accounting and Taxation Courses in Hyderabad
Q1. What are Business accounting and taxation courses?
Ans: – Business accounting and taxation course is one of the most relevant courses in the current environment that imparts employable skills to its participants. It comprises various fundamentals of finance, accounting, and taxation, such as GST, Income tax, TDS, Payrolls, statement analysis, etc. it also covers much-needed software like Tally, spreadsheets, busy software, ERP, etc. This course is a perfect blend of conceptual knowledge and industrial orientation for anyone looking to start a successful career in the field of finance.
Q2. What is the minimum qualification to do business accounting and taxation courses in Hyderabad?
Ans: – This varies from institute to institute. Certain courses are PGP where graduation is a must but, in most institutes, 10+2 from any discipline is sufficient to enroll in the course. Working experience personals can also enroll for this course and get benefited in their career. This course is suitable for anyone between the age of 18 to 30 and who wants to make a successful career in the field of finance, accounting, and taxation.
Q3. What are the career opportunities, one should expect after completing business accounting and taxation courses in Hyderabad?
Ans: – This course can provide immense opportunities for the participant. One can start their respective career as:
- Tax consultant
- Account manager
- Accounts consultant
- Finance consultant
- Bank manager
- Audit officer
- Payroll officer
- GST officer
- Financial accounting executive