Author: Arghya Dutta

Top Career Opportunities For Accountants
Top Career Opportunities For Accountants

Professionals with proper accounts training are the human equivalent of Swiss Army Knives. They can venture out into many fields, be it entrepreneurship or service-based careers. Accountants are needed in every type of establishment whether large or small, public or private. A lot of career avenues are open for accounting professionals today, both in India and abroad.

Let us take a look at a few of the career avenues open to the accountancy professionals who have undergone extensive accounts training and are masters of their art.

Data Security in Tally.ERP 9
Data Security in Tally.ERP 9

Data security of any software suite should be nothing other than robust, of Tally.ERP 9 no less. Tally is responsible for housing the sensitive and crucial data of any business organization. But what if one fine day the accountant/ Tally user comes to realize all of the data is just… gone? All of the hard work in vain. Besides features, the security aspect of any software suite especially of the stature of Tally should be reliable and strong. A good Tally training institute like ours often focusses on modular Tally courses that focus as much on the security aspect as anything else.

Understanding Product Costing in SAP FICO
Understanding Product Costing in SAP FICO

You know the essential stuff about SAP FICO by now if you have been a regular follower of our blog. We are a reputed SAP training institute in India and provide modular courses on Excel, Accounting, GST, SAP among others.

SAP FICO is one of the 25 odd modules that SAP has to offer. It is one of the most useful in the industry as well. 

Product costing is the cost accounting methodology for evaluating the expenses of creating company products. These costs include worker wagers, raw material purchases, transportation costs, production costs, and even retail or wholesale stocking fees.

Product costing comes under the ambit of the controlling module (CO in FICO). It ascertains the quantitative value of the internal cost of materials and production for the purposes of management accounting.

Know About Top SAP FI Reports
Know About Top SAP FI Reports

SAP FI is one of the most important modules of SAP. It stands for Financial Accounting and is one of the most important modules of SAP ERP. SAP FICO is primarily for storing the financial data of an organization, although it has more functions. SAP FI also helps analyze the financial conditions of any business at a given point in time. It also has the capability to integrate with other SAP modules like SAP SD, SAP PP, SAP MM, SAP SCM, etc. Today we deal with SAP FI reports and report generation. In any SAP training whether online or offline, knowledge of reports is of paramount importance to understand how the FI specific reporting works.

Know All About Important Tally Reports
Know All About Important Tally Reports

Tally.ERP 9 as we know is a powerful ERP (Enterprise Resource Planning) and business accounting software suite. There are many accounting software available on the market today which we have already covered here. However, Tally remains the most popular of the lot with around 1.6 million users internationally. A Tally training course these days is in high demand because of the career avenues it opens up for students and even professionals.

Nonetheless, our agenda today is to discuss about the various reports generated by Tally software suite. These help decision makers unleash the full functionality of the software.

Role of Artificial Intelligence in Accounting
Role of Artificial Intelligence in Accounting

As Artificial Intelligence (A) has done for almost every other industry, it’s poised to make a significant impact in the world of accounting and finance. From saving time and money and providing insights, AI-enabled systems for accounting and finance are the way finance professionals and their firms will stay competitive and attract the next generation as employees and customers. AI will be incorporated into accounting course modules in most accounts training institutes in the coming years.

Artificial Intelligence (AI) extends the capabilities of computing to a whole new level. It lets systems to make predictions and make changes accordingly – just as humans would. It enables computers to perform machine-based learning, which earlier was left to humans.

Hypertension 101: What, Why and Prevention
Hypertension 101: What, Why and Prevention

World Hypertension Day (WHD) is upon us. Every year, 17th May is dedicated to World Hypertension Day. This is an initiative of the World Hypertension League (WHL), an affiliated section of the International Society of Hypertension (ISH).

The World Hypertension League (WHL) has announced that it will postpone the celebration of World Hypertension Day (WHD) 2020 until October 17, 2020, due to global COVID-19 pandemic. The WHD was first celebrated on May 2005 and has become an annual event ever since. The purpose of the WHD is to promote public awareness of hypertension and to encourage citizens of all countries to prevent and control this silent killer, the modern epidemic.

The expanded theme for World Hypertension Day 2020 is “Measure Your Blood Pressure, Control It, Live Longer”, with a goal of increasing hypertension awareness in all populations around the world.

Indian Tax Structure Simplified
Indian Tax Structure Simplified

Wherever you may live around the world, you cannot avoid having to pay taxes to the local or national government. If you look at the etymology, the word tax comes from a Latin word “taxare” meaning ‘to censure/ charge/ compute’. Taxes come in various shapes and sizes like state taxes, central government taxes, direct taxes, indirect taxes and so on. In India, GST is the most ‘famous’ and functional tax. That’s the reason GST training to pursue various GST careers like GST consultant among others is quite popular in our country. 

What is a tax anyway? In layman terms, tax is a compulsory fee or financial charge levied by a government on an individual or an organisation to raise revenue for public works. The amount collected is then used to fund different public expenditure programs. Thus indirectly the money paid for only contributes to general public value in return. Inability or failure to pay taxes in any way sooner or later invites punishment under the law of the land.

Know All About Indian Accounting Standards
Know All About Indian Accounting Standards

Accounting is the art of accumulating, analyzing, recording, publishing and communicating financial information that reflects the financial standing of a company at a given point in time. It can be treated like a language with its own set of semantics and lingo. As such, it is a complex procedure and understanding it fully involves understanding a lot of inter-related parameters. More importantly, it is of paramount importance that accounting follow specific standardization. If a proper convention is not followed there is a high probability that financial statements become uninterpretable. This is why an accounting course generally has modules on accounting standards.

Role of Accounting In Corporate Governance
Role of Accounting In Corporate Governance

Accounting is a vast discipline which primarily takes care of publishing and communicating the financial information of companies at or over a given period of time. Financial Statements like Balance Sheet can fairly reflect the financial standing of a company but there is more than meets the eye here. Accounting is much more than just the numbers. A decent Accounts training institute teaches not only the basics of Accounting but also how to interpret the financial data to take all-encompassing business decisions and even day-to-day business administration. Today we take a look at how Accounting can help in Corporate Governance.

First things first, in order to understand the role of Accounting in Corporate Governance we must first understand, you guessed it, Corporate Governance.