Financial Business Accounting and MIS Reports from Coursera

This course is for those interested in starting a career in Financial Business Accounting. The course builds on the knowledge and skills gained in this professional certificate to dive deeper into concepts related to Business and MIS Reports. You will apply those concepts in scenarios using the TallyPrime software.The course includes several real-life business scenarios, charts, images, observations, solved illustrations, and practice scenarios on TallyPrime.

By the end of the course, you will be able to:

- Gain proficiency in Bills Payable and Receivable

- Understand and account the Advanced Banking Transactions

- Learn to manage Cost and Profit Centres

- Record the Accounting Vouchers using Foreign Currency

- Manage the Interest Calculation, and the production of Essential Financial Statements

- Understand the fundamentals of Goods and Services Tax (GST)

What's inside

Syllabus

Storage and classification of inventory

Accounts Receivable and Payable Management

Multi-Currency

At the end of the module Multi-Currency, You will be able to: • Create Multiple Currencies • Access and Alter the Multiple Currencies • Set up and define exchange rates for various foreign currencies. • Record accounting transactions in foreign currency using the realization and unrealization basis. • Comprehend the methodology for calculating forex gain or loss . • Record adjustments for forex gain or loss • Differentiate between realized and unrealized transactions in multi-currency accounting. • Generate Multi-Currency Reports

Interest Calculation

At the end of the module Interest Calculation, you will be able to: • Comprehend the formula and methodology for calculating simple and compound interest. • Apply the simple and compound interest formula to calculate interest on principal amounts. • Record simple and compound interest transactions accurately in the company's books of accounts. • Identify outstanding balances and their relevance to interest calculations. • Generate Interest Calculation Reports • Apply interest calculation reports for financial analysis and strategic planning.

Advanced Banking Transactions

At the end of the module Advanced Banking Transactions, You will be able to: • Demonstrate the fundamentals of cheque management • Identifying the nuances of handling post-dated cheques in Tally • Explore the integration of Tally with electronic payment systems • Set up and configure e-payment options in Tally • Master the bank reconciliation process using Tally • Resolve discrepancies and ensuring accurate financial reporting

Generating Financial Statements and MIS Report

At the end of the module Generating Financial Statement and MIS Report, you will be able to: • Generate and interpret Final Accounts Reports in Tally such as, - Trial Balance - Profit and Loss Account - Balance Sheet - Cash Flow and Funds Flow - Receipts and Payments • Generate and Interpret MIS (Management Information System) Reports. - Stock Summary - Daybook - Cash and Bank Books - Purchase Register - Sales Register - Journal-Register

Goods and Services Tax (GST)

At the end of the module Goods and Services Tax (GST), you will be able to: • Define Goods and Services Tax (GST) and its significance in the Indian taxation system. • Identify the key principles and objectives behind the implementation of GST. • Examine the structure and components of the GST framework. • Differentiate between Central GST (CGST), State GST (SGST), and Integrated GST (IGST). • Classify goods and services based on their GST rates. • Recognize the components of a GST-compliant invoice. • Generate invoices adhering to GST guidelines. • Record various GST transactions using Tally. • Generating GST Returns for Regular Dealer in Tally

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Intended for beginners with an interest in a career in accounting, this course provides a foundational knowledge of the subject

Builds on concepts from the Financial Business Accounting professional certificate, offering a deeper dive into business and management information systems (MIS) reports

Utilizes real-world business scenarios, charts, images, and practice simulations on TallyPrime software to enhance understanding and application of concepts

Equips learners with proficiency in managing bills payable and receivable, handling advanced banking transactions, and managing cost and profit centers

Introduces learners to foreign currency accounting, interest calculations, and the production of essential financial statements

Offers a comprehensive understanding of the Goods and Services Tax (GST) framework in India

Career center

Learners who complete Financial Business Accounting and MIS Reports will develop knowledge and skills that may be useful to these careers:

Chief Financial Officer (CFO)

CFOs are responsible for the overall financial health of organizations. They oversee financial planning, budgeting, and reporting, and they make strategic decisions about how to allocate financial resources. This course provides an overview of key financial accounting principles and reporting, which are essential for understanding the financial health of an organization and making informed financial decisions.

See salaries and explore the career path for Chief Financial Officer (CFO)

Staff Accountant

Staff accountants perform a variety of accounting tasks, such as recording transactions, preparing financial reports, and ensuring compliance with financial regulations. This course provides an introduction to financial accounting and reporting, which are essential for performing these tasks accurately and efficiently.

See salaries and explore the career path for Staff Accountant

Management Accountant

Management accountants provide financial information and analysis to support decision-making within organizations. They may also be responsible for preparing financial reports and ensuring compliance with financial regulations. This course provides an introduction to financial accounting and reporting, which are essential for understanding the financial health of an organization and making informed business decisions.

See salaries and explore the career path for Management Accountant

Financial Manager

Financial managers oversee the financial operations of organizations. They plan and implement financial strategies, manage financial resources, and ensure compliance with financial regulations. This course provides an overview of key financial accounting principles and reporting, which are essential for understanding the financial health of an organization and making informed financial decisions.

See salaries and explore the career path for Financial Manager

Bookkeeper

Bookkeepers record and maintain financial transactions for organizations. They may also prepare financial reports and ensure compliance with financial regulations. This course can help build a foundation in financial accounting and reporting, which are essential for performing these tasks accurately and efficiently.

See salaries and explore the career path for Bookkeeper

Controller

Controllers oversee the financial operations of organizations. They are responsible for preparing financial statements, managing financial resources, and ensuring compliance with financial regulations. This course provides an overview of key financial accounting principles and reporting, which are essential for understanding the financial health of an organization and making informed financial decisions.

See salaries and explore the career path for Controller

Auditor

Auditors examine and evaluate financial records and internal controls to ensure that they are accurate and compliant with regulations. They may also provide consulting services to improve financial management and internal controls. This course can help build a foundation in accounting principles and financial reporting, which are essential for success as an auditor.

See salaries and explore the career path for Auditor

Tax Accountant

Tax accountants prepare and file tax returns for individuals and businesses. They also advise clients on tax laws and strategies. This course can help build a foundation in financial accounting and reporting, which is essential for understanding tax laws and preparing accurate tax returns.

See salaries and explore the career path for Tax Accountant

Financial Analyst

Financial analysts evaluate and make recommendations on investments, such as stocks and bonds. They also provide advice to businesses and individuals on financial planning and management. This course can help build a foundation in financial accounting and reporting, which are essential for understanding financial markets and making sound investment decisions.

See salaries and explore the career path for Financial Analyst

Financial Planner

Financial planners help individuals and families plan for their financial future. They provide advice on investments, retirement planning, and estate planning. This course provides an overview of financial accounting and reporting, which is essential for understanding financial markets and making sound financial planning decisions.

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Budget Analyst

Budget analysts prepare and manage budgets for organizations. They analyze financial data, identify trends, and make recommendations for efficient use of resources. This course provides an overview of financial accounting and reporting, which is essential for understanding the budgeting process and making informed decisions.

See salaries and explore the career path for Budget Analyst

Accountant

Accountants track and maintain financial records for organizations. They compile and analyze financial data, prepare financial reports, and make recommendations for the allocation of financial resources. They also ensure compliance with financial regulations. This course provides an introduction to important accounting principles, such as the preparation of financial statements and the management of accounts receivable and payable.

See salaries and explore the career path for Accountant

Investment Banker

Investment bankers advise companies on mergers and acquisitions, capital raising, and other financial transactions. This course may be useful for those who wish to pursue a career in investment banking, as it provides an overview of financial accounting and reporting, which are essential for understanding the financial health of companies and making sound investment decisions.

See salaries and explore the career path for Investment Banker

Business Analyst

Business analysts analyze business processes and make recommendations for improvement. They may also develop and implement new systems and procedures. This course may be useful for those who wish to pursue a career in business analysis, as it provides an overview of financial accounting and reporting, which are essential for understanding the financial impact of business decisions.

See salaries and explore the career path for Business Analyst

Risk Manager

Risk managers identify and assess risks that could impact an organization's financial health. They develop and implement strategies to mitigate these risks. This course may be useful for those who wish to pursue a career in risk management, as it provides an overview of financial accounting and reporting, which are essential for understanding the financial impact of risks.

See salaries and explore the career path for Risk Manager

Data Analyst

Data analysts collect, analyze, and interpret data to identify trends and patterns. This information is used to make informed decisions about products, services, and marketing campaigns. This course may be useful for those who wish to pursue a career in data analysis, as it provides an overview of financial accounting and reporting, which are essential for understanding the financial implications of data-driven decisions.

See salaries and explore the career path for Data Analyst

Financial Business Accounting and MIS Reports

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