ICA Edu Skills Blog

05 May, 2020 259 views

10 Books To Read During Lockdown

Covid-19 Lockdown 3.0 is underway as the coronavirus pandemic is showing no signs of being on the decline. Most of all, both students and professionals are having to spend their days locked up in their homes with their families. Apart from those of you ‘working from home’, there’s little to cast boredom aside – […]

30 Apr, 2020 1059 views

How Can Non-IT Students Pursue A Career in SAP FICO

The acronym SAP stands for System Application and Products in Data Processing. SAP is a leading ERP (Enterprise Resource Planning) software and curiously enough the mother company shares the name. Due to its liberal and open architecture, there are millions of programmers working around the world to provide interaction between thousands of major software and […]

28 Apr, 2020 1523 views

Preparing Balance Sheet in Tally

Balance Sheet is one of the most important financial statements prepared by a business firm. It’s like a one-stop shop for gauging the financal status and position of a company. The financial details of the balance sheet helps the business and the external stakeholders to evaluate the financial performance of the business on a […]

25 Apr, 2020 374 views

Weird Accounting Facts We Bet You Didn’t Know

Accounting and business success are two sides of the same coin. Accounting takes care of the financial aspects of the business. It is taught in colleges and accounting training institutes. Almost everything revolving around accounting deals with numbers, calculations, estimations, and decision making. So people generally take it as something serious, and it is. […]

23 Apr, 2020 632 views

Reverse Charge Mechanism Under GST

GST (Goods and Services Tax) was brought into existence on 1st July 2017 by the Statutory GST Act of 2017. Since then a lot of changes and reforms have been brought about to iron out the wrinkles prevalent in the GST regime. One such modification brought about is the introduction of Reverse Charge Mechanism […]

21 Apr, 2020 270 views

Accounting Vs Auditing

Accounting, as the art and science of systematically recording financial transactions, is a vast and diverse discipline. A lot of interrelated cogs work together to run the wheel of accounting. In order to make the best use of any accounts course, it is imperative to understand all of them properly. Today we deal with […]

18 Apr, 2020 185 views

How Can Accountants Help During COVID19 Crisis

The global coronavirus pandemic rages on with no end in sight. The effects of the disease have been devastating. The pandemic has transformed health, economic balances, and social norms around the globe. A number of small and medium scale businesses are wondering how to stay afloat given the conditions. Accountants are like the backbones […]

17 Apr, 2020 342 views

Best Accounting Courses For Commerce Students

Commerce is a popular stream among students in India. Having already studied the basics of Commerce in school allows candidates to choose from a multitude of courses at graduation level and beyond. It surely paves the way for a range of career choices, but finding the best accounting courses to pursue is often a […]

10 Apr, 2020 572 views

SAP Course: Top SAP FICO Questions

SAP FICO is a core functional component in SAP ERP Central Component that allows an organization to manage all of its financial data. The purpose of SAP FICO is to help companies generate and manage financial statements for analysis and reporting and help with effective business planning and decision-making. Today we will discuss top SAP […]

07 Apr, 2020 312 views

Learn How Tally.ERP 9 Allows GST Compliance

Tally.ERP 9 with around 1.6 million users around the globe is the numero uno ERP accounting software package. As you might know, it is used for recording the daily business data of a company. With the advent of the GST regime in India, Tally.ERP 9 has made strides to be GST-ready. Today our agenda is […]

30 Mar, 2020 279 views

A-Z Accounting Terms for Every Aspirant & Professional

Accounting is like the Swiss Army Knife of recording financial transactions. What we’re going to deal with today is the very basic terms of this profession. To pursue any accounting course or any form of accounts training we need to have a solid foundation of the terminologies used in accounting. Read on to know […]

28 Mar, 2020 425 views

5 SAP Training Myths Debunked

Among Enterprise resource planning (ERP) software available in the market, the one made by European multinational firm SAP SE is as good as it gets. SAP SE is the numero uno provider of business software solutions for better work and data management in businesses spanning across industries. SAP or System Application and Products (yes, like […]

26 Mar, 2020 280 views

GST Reforms: Anti-Profiteering Measures You Should Know

Goods and Services Tax (GST) as the poster boy of Indirect Taxation in India has been persistently in the news since its implementation. The tax came into effect from 1 July 2017 through the implementation of the 101st Amendment of the Indian Constitution. A thorough understanding of GST is a must for successfully pursuing […]

25 Mar, 2020 308 views

Learn The Fundamentals of Accounting

Accounting can be described by roughly 3 adjectives – irreplaceable, inevitable and unputdownable! Accounting is something that is required in every single organization but the fundamentals of accounting are rather easy to learn. Be it full-fledged graduation courses or professional accounting courses, there are ample opportunities available in the market to learn this trade. And […]

18 Mar, 2020 272 views

Winning The War Against COVID 19

COVID-19 is the deadly disease caused by novel Coronavirus has affected 162 countries and territories across the world. The facts and figures are changing rapidly and reportedly, Liberia, Africa is the latest country to have been affected. There are close to 14,000 new confirmed infections with 114 total cases and 3 deaths in India alone. […]

13 Mar, 2020 400 views

Tally Training – Keyboard Shortcuts in 2 Mins!

Tally.ERP9 is an MS Windows-only Enterprise Resource Planning (ERP) software, extensively utilized in the accounting industry. Deployed by no less than 16 lac users around the world, Tally training is also in high demand these days among students looking for job-oriented training programs from reputed institutes. The software supports accounting, inventory management, order management, tax […]

04 Mar, 2020 272 views

Accounting Careers : 8 Myths VS Facts

Accountancy is an age-old profession that can be traced back to ancient civilizations like that of Egypt and Mesopotamia. Over the years accounting careers have evolved considerably advanced techniques and features now in its inventory. For something which has been around for centuries, stereotypes and myths are bound to seep in. Many of […]

21 Feb, 2020 660 views

How to Become an Accounts Manager with a Non-Commerce Background

India is largely a land of the orthodox. There are too many stereotypes about education and careers to say the least. Even today many people strongly think that education is rigidly categorized and graduation in a particular stream is a must for establishing yourself as a professional in that stream. For example, it is generally […]

05 Feb, 2020 494 views

8 Qualities for Successful GST Professional

Goods & Services Tax (GST) launched in 2017, is one of the major economic reforms by the Indian Government to create a single indirect tax regime. It was the much-needed reform, as multiple taxes were hurting the business and customers both. It is a much less complicated system but still a complex process for average […]

21 Jan, 2020 491 views

How to Choose the Best Institute for SAP Training

System Application and Product (SAP) is the name of the software as well as the company’s name. It is one of the most used IT products in the business for different purposes. Broadly, SAP is the ERP system that aims to integrate all the different modules in the company. The robust SAP architecture can be […]

23 Dec, 2019 204 views

Becoming the World’s Skill Capital

India has made substantial economic strides in recent years. The growing economy needs a constant supply of skilled manpower. But our emphasis on degree rather than skill is a stumbling block in the way of economic growth. On the one hand, India has a large number of educated unemployed, and on the other, industry is desperately short […]

19 Sep, 2019 184 views

Why Accountancy Jobs Will Never Lose Steam

In every business, ledgers, bank reconciliation statements, profit and loss statements and income and balance sheets present an unbiased picture of the financial position of an organization. They tell the true position with regard to its liabilities,cash sources, viability of managerial and investor decisions and compliance with taxation and corporate laws. Further, accounting helps a […]

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