Enroll Course: https://www.coursera.org/learn/statutory-and-taxation
Are you looking to kickstart a career in bookkeeping or deepen your understanding of financial regulations? Look no further than Coursera’s ‘Basics of Statutory Compliance and Taxation’ course. This program is expertly designed for aspiring bookkeeping professionals, building upon foundational knowledge to provide a comprehensive dive into the critical areas of taxation.
What sets this course apart is its practical, hands-on approach. It doesn’t just present theory; it immerses you in real-life business scenarios, complete with charts, images, and solved illustrations. The star of the show is the TallyPrime software, with which you’ll be actively applying learned concepts. This ensures that by the time you complete the course, you’re not just knowledgeable, but also skilled in using industry-standard tools.
The syllabus is thoughtfully structured to cover essential topics. You’ll gain a solid grasp of Goods and Services Tax (GST), learning everything from its conceptual framework and structure to registration processes, HSN/SAC codes, rate structures, and the crucial aspects of invoicing. The course meticulously guides you through activating GST in TallyPrime, recording compliant transactions, generating e-way bills, and preparing accurate GST returns and e-invoices. For those dealing with composition schemes, the course also covers recording compliant transactions for these dealers.
Another significant module focuses on Tax Deducted at Source (TDS). Here, you’ll learn to activate and manage TDS within TallyPrime, configure it at various levels, and record diverse TDS transactions, including those involving expenses partly subject to TDS. The practical application extends to accounting for multiple expenses and subsequent TDS deduction, as well as the process of paying TDS to the government and generating necessary reports and challans for e-TDS filing.
Beyond specific tax types, the course also equips you with crucial skills in Management of Business Data. You’ll master exporting data in various formats like XML, Excel, and PDF, and learn the efficient import/export of data between companies. The utility of the Open Database Connectivity (ODBC) feature for data extraction is also covered, along with the practical touch of printing company logos on vouchers and invoices.
Finally, the module on Moving to the Next Financial Year is invaluable for any accounting professional. It details the process of splitting company data, creating new companies for new financial years, and consolidating data through group companies. The ability to generate comparative final accounts reports for multiple companies on a single page is a significant takeaway.
In summary, ‘Basics of Statutory Compliance and Taxation’ on Coursera is a highly recommended course for anyone serious about a career in bookkeeping or accounting. Its blend of theoretical knowledge, practical software application, and comprehensive syllabus makes it an excellent investment for building a strong foundation in financial compliance and taxation.
Enroll Course: https://www.coursera.org/learn/statutory-and-taxation