Accounting Course

Overview of Accounting Course

There are a lot of formal courses out there that profess the art of Accounting. There are programs in Bachelors level or the Masters level. Even in secondary school and high school, there are courses about accounting. With the exception of the more advanced programs, the curriculum surrounding accounting focuses more on the theoretical aspects of the discipline without actually teaching the students about how it is really practiced in the workplace. There is a gap. 

 

It is to fulfill this gap in academic and professional accounting that the Accounting Courses offered by independent institutions hope to fill. The Accounting Course taught in institutions are very job oriented and are mostly to get people ready for the workforce. The course is taught by professionals who have been working in the industry for many years. The course is not just to cater to the students who have been studying accounting academically. It can also be immensely helpful to entrepreneurs and business people looking to run their own organizations or understand the accounting reports of their organizations, now or in the future.

About the Accounting Course

The accounting courses run by independent institutions in Nepal are designed to impart not just the foundational concepts of the accounting system but also how to use the tools and technologies required to employ those foundational concepts in the workplace. The course is designed such that the trainees spend their time between attending lectures and practical sessions. The lectures impart the theoretical foundation to Accounting. This is done from the absolute basic level and is steadily built on over the course of the program. Hence, the course would not be overwhelming to people who are completely unaware of the accounting principles like students of arts or science backgrounds. Then, the practical sessions include creating books of accounting and analyzing the prepared books to understand what they imply. 

 

That’s not all, the course also trains the students to use modern computer based accounting tools such as Tally ERP and FACT.

Manual Accounting Module

The course starts with an introduction to Accounting as a discipline and then the basic concepts associated with accounting. Keep in mind, this course is not limited to students who have a management or business background in their academic careers. Hence, as previously stated, student with no prior knowledge or practical experience of accounting can also join the classes. There are a lot of professional and personal contexts where accounting can be an exceptionally nifty skill.

 

After the basic foundation of Accounting principles have been imparted, the training course would move on to teaching the methods & rules of accounting before getting to the core of accounting – understanding receivable & payables and finally recording the transactions. 

 

The students will be taught how to make journals, ledgers, trial balances, and balance sheets.

 

These have been the conventional and standard tools for double entry bookkeeping for a while now. 

 

To wrap up the Manual Accounting Training module, students will have to learn the concepts of Tax, VAT and TDS, as well as Inventory keeping and management. 

 

This module thus far is meant to establish the foundational concepts of accounting for students who do not come from an accounting background academically and a revision for those who do.

 

With everyone on common ground, the course then progresses into the Software training module. Here the students will be introduced to Tally—an industry standard when it comes to accounting softwares in Nepal.

Software Training Module

Tally is an accounting software that helps accountants manage cash flow, taxation, payrolls, bookkeeping, finances and performance evaluation, all without having to write a single line of code. What makes Tally so appealing to businesses is the fact that it is flexible, portable, easy to use and most importantly—secure. The software can enable the records to be accessed at multiple levels and from different locations. Meaning businesses that operate in branches can still sync their records in real time. 

 

Coming back to the topic at hand, the Software training module starts by introducing the students with the Tally ERP software suite and the features therein. The objective here is to teach them to create and maintain a real company’s records in realtime. 

 

After a few lectures on the ins-and-outs of the software, the actual training begins with creating a company on Tally. The students will then learn to add multiple companies and delete some of them. Once a company is created, the students will be instructed on how they can create and manage single or multiple ledgers within the suite. They will also learn to manage stock, record voucher payments, create receipts & journal vouchers, and calculate interest amongst other things.

Why Study Accounting Course

To start with, the Accounting Course in Nepal is specially designed to bridge the gap between the accountancy taught academically and the skills required to work efficiently in a professional setting. Meaning, the Accounting Course in Nepal would be immensely helpful to anyone looking to start a career in accounting or a relevant field. 

 

Now, a relevant field in this context means the entire management structure of any given business. After all, the books of accounts are one of the primary voices considered by a managerial position before taking any decision within an organization. So, for anyone who wants to have a more intimate understanding of a company’s growth and well being, this Accounting Course in Nepal is a must.

Career after Accounting Course

Careers after accounting training and certifications in Nepal are:

• Tax Accountant 

• Cost Accountant  

• Financial Advisor 

• Loan officer

• Treasury Analyst

• Payroll Manager Comptroller

• Forensic Accountant

• Budget Analyst

• Internal Auditor

• Senior Financial Analyst

• Director of Finance

• Tax Manager

• Valuation Manager

• Auditor

• Banker

Prerequisites after Accounting Course

While an academic understanding of accounting principles and methods can make the process of absorbing this course stupidly easy, there is no strict prerequisite to take up an Accounting Course in Nepal. As previously stated, this course can be helpful to entrepreneurs and business owners regardless of their academic backgrounds.

Where to study Accounting Course in Nepal

IT Training Nepal is one of the best places to take up the Accounting Course in Nepal if you are located within the Kathmandu valley. IT Training Nepal covers all of the necessary fundamental objectives of an accounting course and then some. IT Training Nepal takes objective measures to ensure that the classes are accessible to all students with handicap friendly classes, flexible class timings, video recordings of classes, reference materials for students to practice at home, and need-based scholarships for the economically disadvantaged.

 

The most advantageous thing about doing a course here is the fact that they help students find internships and even help them apply to accounting position so that graduates of the program can almost immediately get into the workforce.

 

Still, physical classes are not for everyone. If a student wishes to take up a professional accounting course but doesn’t have the time to physically make the commute to class everyday, there are platforms like Coursera and Udemy where they can enroll.