Course Overview
The Diploma in Accounts (DA) offers foundational knowledge in accounting principles, financial reporting, and taxation. It covers topics such as bookkeeping, financial statements, and audit practices. Ideal for aspiring accountants, it combines theoretical insights with practical skills.
Duration:
1 year (2 semesters)
Syllabus:
The syllabus for the Diploma in Accounts typically spans two semesters. Below is a sample outline:
Semester 1:
Introduction to Accounting:
Overview of basic accounting principles and concepts
Introduction to double-entry bookkeeping
Understanding ledgers, journal entries, and trial balances
Financial Accounting:
Preparation of financial statements: Income statement, balance sheet, cash flow statement
Recording financial transactions and maintaining accurate financial records
Adjustments and final accounts, including depreciation and provisions
Cost Accounting:
Introduction to cost accounting and its importance
Methods of costing: Job costing, process costing, and standard costing
Cost analysis and management for decision-making
Accounting Software (Tally/Busy):
Introduction to popular accounting software like Tally and Busy
Recording transactions, managing ledgers, and generating reports using accounting software
Introduction to payroll, inventory management, and GST compliance through accounting software
Semester 2:
Corporate Accounting:
Accounting for companies, share capital, and debentures
Preparation of financial statements for companies
Amalgamation, absorption, and reconstruction of companies
Taxation:
Introduction to income tax and GST (Goods and Services Tax)
Tax planning and filing returns for individuals and businesses
TDS (Tax Deducted at Source) and its implications on accounting
Auditing and Assurance:
Introduction to auditing principles and standards
Types of audits: Internal, statutory, and tax audits
Understanding audit reports, verification of assets, and liabilities
Project Work/Internship:
Practical experience through internships in accounting firms or companies
Project work involving financial analysis, preparation of accounts, or auditing tasks
Preparation of reports and presentations on accounting practices
Average Fees:
₹20,000 to ₹1,00,000 (varies by institution)
Exams to Attend:
Internal Assessments:
Regular assessments through assignments, practical accounting exercises, and software projects.
Final Semester Examinations:
End-of-semester exams assessing theoretical knowledge and practical accounting skills.
Professional Certifications (Optional):
Certified Public Accountant (CPA): Industry-recognized certification for accounting professionals.
Certified Management Accountant (CMA): Focuses on management accounting and strategic financial management.
Competitive Exams (Optional):
Entrance exams for further studies such as Bachelor’s in Commerce (B.Com) or MBA in Finance.
Top 10 Institutions in India:
Institute of Chartered Accountants of India (ICAI), New Delhi
Indian School of Business (ISB), Hyderabad
Xavier School of Management (XLRI), Jamshedpur
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
Symbiosis Institute of Business Management (SIBM), Pune
Christ University, Bangalore
Amity University, Noida
Loyola College, Chennai
St. Xavier's College, Kolkata
Faculty of Management Studies (FMS), Delhi University
Top 10 Institutions in Kerala:
St. Teresa's College, Ernakulam
Rajagiri College of Social Sciences, Kochi
Sacred Heart College, Kochi
Farook College, Kozhikode
Amrita School of Arts and Sciences, Kochi
Mahatma Gandhi University, Kottayam
Mar Ivanios College, Thiruvananthapuram
Kerala University, Thiruvananthapuram
MES College, Marampally
Bharata Mata College, Thrikkakara