List of best business accounting and taxation courses in Bangalore

Top 3 Business Accounting and Taxation Courses in Bangalore

November 2, 2024 Baydahi Roy

There is always a dilemma in students’ minds about what they should do after their studies and graduation. Some of them intend to change their career field and do something out of the box and some decide to continue their studies, yet many searches for courses that will be easy for learning and getting a job. So, this article enlists the best business accounting and taxation courses in Bangalore, which is one of the in-demand learning niches.

These courses provide such a platform for students where they can have a place that will help them to learn practically. These courses are available all over India, and among so many places, business accounting and taxation courses in Bangalore are quite popular. Now before approaching business accounting and taxation courses in Bangalore, let us know the know-how about this course.

What is Business Accounting and Taxation?

To learn vividly about BAT, one has to understand this topic one by one, and according to this, let’s put light on what business accounting is. So, business accounting is a systematic learning of how to create, maintain, and audit details that present an accurate financial information system of an organization or business.

And on the other hand, the term taxation means to the levies that the citizen has to pay to the taxing authority, which is Government. Now the relationship between business accounting and taxation is a little complicated but it’s said that both of these topics are different from each other, yet they are interlinked or related.

All taxation involves an accounting process, but accounting is necessarily linked to tax until its aim is tax accounting or auditing where tax is being calculated. Now learning Business Accounting and Taxation creates a huge scope for new graduates. Below we will learn what is the importance of learning BAT courses in Bangalore, what are the criteria for this course, and along with these factors, we will get to know which institutes are better for business accounting and taxation courses in Bangalore.

What is the Importance of the Business Accounting and Taxation Courses in Bangalore

Many institutions out there promise to provide you with jobs with certified BAT courses in Bangalore, and you can go and apply for any of them. Still, in this case, your prime duty in this situation is to gather knowledge about the importance of this course. Back in your mind when you decide to pursue this course, you must understand its wide use.

It has a great impact on industries and organizations, naturally to run a company one of the thumb rules is to have sustainable financial strategies which are monitored by certain people whose work and dealings are surrounded by this business accounting and taxation. With a sustainable, flexible, and yet rigid accounting and taxation system, a business or an organization can run smoothly.

To be an efficient worker in this field, one must learn BAT courses in Bangalore very attentively. To learn this course, it is important for one to graduate in the commerce stream and must have a vast knowledge of the accounting arena.

The knowledge and skills that will be provided through these courses help people in certain ways that you can monitor the distribution of finance and incomes, ensure cooperation with the laws, resolve all complicated problems, provides a sustainable solution, and operate the financial data and provide it to the potential authorities and investors.

Along with this accounting course, the taxation learning course is very important, usually, it manages a vast amount of revenue of the government, for which it engages several including legal interpretation, analysis, calculation, and giving advice.

Learning business accounting and taxation courses in Bangalore gives students the skills to exhibit their knowledge while simultaneously practicing accounting broadly. This is the reason for the huge demand for business accounting and taxation courses in Bangalore.

What Are the Types of Business Accounting?

Now when we are talking about business accounting, we must understand its role. Business accounting is the fuel for an organization or any company it helps it to grow and develop at every level. There are 3 types of business accounting -cost, marginal and financial accounting. These types play an individual important role to make a business successful. They carry their own respective meanings and have their own different purpose.

Financial Accounting
Managerial Accounting
Cost Accounting

What is Financial Accounting?

When we talk about financial accounting, we realize that it takes the responsibility of tracking, recording, and recapping all the daily transactions monthly, quarterly, and yearly financial statements. This helps the financial manager perform many more financial analyses such as the common file statement analysis or rational analysis, etc., and comes up with some result that goes further to the stakeholders afterward.

Well in a few words, financial accounting put the improved performance of the business from time to time on the financial statements like the balance sheet, income statement, and statement of cash flow.

Financial accounting is kinda based on the accounting cycle which is a step-by-step order like recording the daily financial transactions in chronicle order in an accounting journal, conveying the financial transactions to the general ledger of the company after the end of the accounting cycle, assorting the financial transaction by the account.

According to the farm’s chart of accounts, these further helps in preparing financial statements such as income statement, balance statements, and statement of cash flow by using those general ledgers which help the company to track its financial transactions.

Now there are a few terms that might not make sense to you or need more explanations like balance sheet, income statement, then the statement of cash flow. So here is the clarification of these terms:

Balance Sheet

The balance sheet is a report of the financial statement which gives information on the assets and liabilities and along with this it also enlights about the amount that the owners of the company have invested in that business, which means it gives an all-over report on the money that has been directly invested by the owner and accruals the income of the company which is reinvested after the inspection.

Income Statement

The income statement is known by various names like earning statement, profit and loss statement, or statement of operation. But their work is the same, the work of this statement is to show the income and the expenditures of the company, and it also reports if the company is going through profit or loss within a period.

Overall, it helps to understand the financial health of the business. An income statement helps the owner to examine the decision to increase the revenue of the business is good for it or not, also along with that, it examines whether the strategies are effective enough or not, which they have built during the initial financial period to grow the business. This way the owner can identify that the applied strategies paid off well.

Cash Flow Statement

To maintain the company’s finances and cash flow, the cash flow statement is used, which is one of the key features along with the balance sheet and income statement. Together they help to determine the better performance of the companies or organizations from time to time.

Sometimes the companies have their short-term plans, so the cash flow statement is the crucial tool that helps with the cash forecast which further helps with plans.

It helps to monitor the incoming and outgoing money, it tracks the incoming cash flow which comes from the investment activities, and the outgoing cash flow which is the investment done by the company which is the expenses for the business. This information on the cash flow statement is most beneficial for the company to make a business decision.

What is Managerial Accounting?

It is a little confusing at the beginning when people cannot differentiate between managerial accounting and financial accounting. They are completely two different aspects yet work together for the growth of the business. So managerial accounting is a process of organizing and reporting the financial status to the manager.

With the help of the statement of cash, the manager can identify the flows and make corrections within time. Managerial accounting turns out to be an important type because it not only helps in operating a project but also, at the same time serves to control and evaluate the business.

Its nature is very sensitive so the pieces of information of this managerial accounting are not allowed to share publicly or with stakeholders, only financial accounting details are allowed to share publicly and with shareholders.

There Are Three Common Types of Managerial Accounting:

Strategic management.
Performance management.
Risk management.

Strategic Management:

Strategic management refers to the advancing methodology of external information regarding the competitors in various arenas, like a marketplace, politics, or the monetary policies that somehow affect the market, correcting trends in price, share, and cost.

The result you get with this evaluation afterward tends to focus on the available sources of the firm so that the management can identify the necessary response for the company or the organization for the sake of being at the top in the market.

Performance Management:

A performance management program helps the manager and the employees to inspect the goals, expectations, career program, working atmosphere, and overall vision which will be directly or indirectly beneficial. The managers use this as a tool to control the workflow and provide new courses and help the employees to achieve their objectives which obviously turns out to be a great deal of profit for the company.

In very simple words, performance management is the collaborating management tool that is used by managers to monitor or evaluate the work of the employees. Managers use this tool to provide a healthy environment for the employees so they can put out their best at work in a very effective and efficient way.

Risk Management:

Risk management is the practice of assessing issues and risks and solving them for the betterment of the company or the firm’s business. It is used to identify different types of risk like financial, legal, strategic, or security that can affect the business by affecting their capital earnings.

Avoiding the practice of risk management can lead to a very bad impact, it can lead the company under a huge financial burden which won’t be a good idea for the expansion of the company in the market. So to reduce the risk for the company, the application of risk management will be a very wise idea. It will minimize the negative impact and maximize the positive impact.

What is Cost Accounting?

The work of cost accounting is to check out the actual expense taken for the achievements of the business. Cost accounting is responsible for the optimization of the production process so that it can earn or make a good profit out of each product sale at a very minified cost.

It is very closely related to managerial accounting, where it just has to aim for the company’s total products and evaluate the varying cost of the product at every step of production, and also fix the cost. With the help of cost accounting, the internal management team identifies the variable and fixed costs, they are responsible for producing the products for business.

Fixed Cost

The fixed cost is the costs that don’t change with the variety of products. Well, this is considered a mortgage or lease payment in any property that gets diminished in value over a specific period. There will be zero changes in the product value if the production amount of the products increases or decreases.

Direct Cost

The direct cost is all about the cost of the product and the production of the product. This means the charge will be for the finished product and also the process which includes the time, and labor for the outcome of the finished product. In very simple words a bakery will charge you for bread and also it will charge you for the time and the process of baking the bread.

Indirect Cost

The indirect cost is all about the indirect connection of cost with the products. This means there will not be any direct link between the outcome product and the energy spent in making the product. For example, when the bakery serves you bread then the cost of the energy for baking will be indirect because it will be difficult to calculate the energy that is spent on baking the bread.

A few other courses you should consider in Bangalore:

What is Taxation?

From the ancient period, the process of taxation has been one of the important reasons for the very existence of civilization, in very simple words, taxation is a process of collection of payments by the organization (in this situation it’s the government) from their citizen.

There Are Different Types of Tax:

Income tax
Corporate tax
Capital gain
Property tax
Inheritance
Sales tax

Income Tax:

The income tax is a tax that is imposed on the income that comes from the business or individuals by the government under some jurisdictions. There is a law that taxpayers, that they have to file an income tax return annually so that they can determine their responsibilities for paying the tax.

Corporate Tax:

The basic meaning of this tax is that it imposes a levy on the net income of the company. The money is collected by the corporate tax and further used as a source of revenue for the country.

Capital Gain:

This tax is imposed on any sale of certain assets let it be real estate, bonds, or stock, which creates a capital income or profit by the people or any company.

Property Tax:

Property tax is a tax that is paid by the citizen to the local government for material assets like houses, real estate properties, etc. the local govt. Calculates the tax on the property and the land value.

Inheritance Tax:

This is a type of tax that an individual has to pay levies for what they inherit.

Sales Tax:

This is the tax that is imposed by the government on the sale of goods and services, it can be of any form like GST or VAT.

Institutes That Provide Business Accounting and Taxation Courses in Bangalore

There are many institutions available for business accounting and taxation courses in Bangalore. So here are some names of the institutes that can provide you with a very promising career.

Rank# 1. BAT Courses in Bangalore

1. IIM SKILLS

IIM SKILLS is one of the most promising institutions to provide business accounting and taxation courses in Bangalore. They deliver the BAT Course in a total of 6 modules, and each module consists of-

Module 1

Accounting and accounting in tally, which is a total of 25 hours of class. Under this, they will provide you with 5 hours of training in business accounting and 15 hours of advanced tally ERP and tally prime.

Module 2

This will teach you the basics of GST and GST in tally. The time duration of this module is a total of 22 hours. They have created separate sections for the basic GST. In the first section, there will be an introduction to GST, its types, and its structure too. It will take 10 hours to complete this section.

Then the 2nd section is about the GST in tally, which is about 8 hours, and the last section of this module 2 consists of GST filling which is online/ offline using GST utility, and the duration is 4 hours.

Module 3

Module 3 consists of the basics of TDS and TDS in tally which covers 20 hours. It also consists of 3 sections – the basics of TDS, which is of 8 hours, then it has the TDS in tally, which is of 4 hours, and lastly, the 3rd section is about TDS filling which is of again 8 hours.

Module 4

The fourth module consists of the topic of payroll and payroll in tally, which includes 12 hours. It has two sections, where the 1st one is the basics of payroll which covers 8 hours, and then the 2nd one is payroll with a tally that covers around 4 hours to complete.

Module 5

It is all about the income tax and tally, and the duration of this module is 23 hours. It is also divided into two sections -the first section covers the basics of income tax with tally, which takes about 15 hours to complete, and the second section takes 8 hours to cover the income tax E- filling.

Module 6

The final module consists of advanced excel and MIS reporting which takes 18 hours of class. The first one is for advanced excel which covers 10 hours of class and the second one is MIS reporting and financials, which consists of 8 hours of class. Their BAT courses in Bangalore are certified. They will arrange the class at the end of the week which is very convenient for everyone as it will be held at weekend, otherwise, they also hold classes on weekdays too.

The course fee is 9900/- +18% of GST.

Recommended Read: Business Accounting and Taxation Courses in Mumbai

Rank# 2. BAT Courses in Bangalore

2. EduPristine

This is another institute for business accounting and taxation courses in Bangalore. This institute gets counted under many prominent institutes for BAT courses. Here is the concise version that this institute covers as its syllabus.

They Have a Total of 9 Modules and Each Module Consists of the:

Module 1

Basics of Accounting & Accounting in Tally,

Basics of Accounting
Accounting in Tally

Module 2

Basics of GST & GST in Tally
Basics of GST
GST in Tally

Module 3

The basics of Income Tax and also income tax in Tally

Basics of Income Tax
Income Tax in Tally

Module 4

Payroll and its components

Basics of Payroll
Payroll in Tally and Excel

Module 5

Excel for Accounting & MIS

Excel and MIS Reporting
MS Excel for Accountants

Module 6

Finalization of Financial Statements

Format of Financials
Financials on Excel

Module 7

BUSY Practicals

Setting up of Busy Software
Extraction of GST reports

Module 8

SAP

Purchase & Sales Process
Practical Simulations

Module 9

Soft Skills

Effective Business Communication
Interpersonal Communication

They also provide you with a certified course, and they have a bulk of supplies for workers all over the world. This course is free.

Recommended Read: Business Accounting and Taxation Courses in Delhi

Rank# 3. BAT Courses in Bangalore

3. APG learning

They take the responsibility for building the career of the student and up-skill in learning. They provide 250+ courses in various areas and cover the most technical courses. They give exposure to accounting and taxation which includes the latest knowledge. This is a job-based course. The duration of this course is around three months and the mode of delivery of this course will be offline, which is in-campus.

Here is the Curriculum of Business Accounting and Taxation Courses in Bangalore:

Industrial Accounting

History & Introduction
Principals & Importance
Basic Concepts in Accounting
Types of Accounts & Double Entry System
Accounting Process with old & new – Flow of Transaction
Finalization of accounts & various statements (Overview)
Chart of accounts
List of Accounting standards
Examples & Formats

Tally

Introduction to Tally and Shortcuts
Creation of company
Creation of Ledger and Posting of vouchers/ Transaction posting
Balance sheet and P/L, A/c
Example for Practice

Direct Taxation

The Income Tax Act, 1961
Income Heads
ITR introduction and Types
Tax Deducted at Source (TDS) & Returns
Demo Example & Format

Goods and Service Tax GST

GST Concept, Meaning & Types
Registration of GST
Types of GST Returns (Demo Examples)
Input Tax Credit Mechanism
Reverse Charge Mechanism
Examples & Format to maintain GST

Payroll and Its Components

Basic Concepts of Payroll
Demo Example & Format

Excel and MIS

Introduction to Excel & Shortcuts
MIS Concept & MIS reporting using excel
Demo Example & Format

Business Computer Application

Hardware/Software
Pivot Table / Pivot Chart
Header & Footer
Mail Merge/ MS-Office
Lookup, Drafting & Formatting

The fee for this course is around 33,900/- +GST.

Recommended Read: Business Accounting and Taxation Courses in Goa

Why is Business Accounting and Taxation Course Important?

There is a huge opportunity in this field for students with a commerce background. This course enables students to apply for jobs like Analyst or Senior Associate, Assistant or Senior Manager, and Accounts Executive and gives a rigid knowledge of Business Accounting and Taxation throughout the courses.

After getting a degree in B.com, it turns out to be a very helpful PG course for a diploma. So to teach vividly about the course, many institutions have opened up business accounting and taxation courses in Bangalore.

Who Else Can Apply for Business Accounting and Taxation Courses in Bangalore?

This course is available for B.com, BBA, or any commerce-specialized background students.

Salary and Job Profiles You Can Apply

The salary of a tax accountant is around 1.5 to 12.6 lakhs and 3.6 lakhs on average annually.
The salary of an Analyst or a Senior Associate ranges from 2.3 lakhs to 10.0 lakhs and on average it is 4.1 lakhs annually.
For Assistant or Senior Managers, the salary ranges from 2.5 lakhs to 15.0 lakhs but is average it is 6.1 lakhs annually.
Accounts Executives have a salary range which is about 2.0 lakhs to 6.5 lakhs and the average is 3.4 lakhs annually.

FAQs

Q1. Is there any good reason to learn business accounting and taxation courses in Bangalore?

YES! There are many companies waiting to hire freshers in this sector who have completed business accounting and taxation courses in Bangalore. Especially this job has a huge demand, and the companies are setting up at a fast pace.

Q2. What are the different job profiles one can have after learning business accounting and taxation courses in Bangalore?

Job profiles after business accounting and taxation courses in Bangalore:

Tax consultant,
Company law assistant,
Corporate legal assistant,
Account executive,
Finance manager,
Tax analyst.

Q3. What is the salary of a corporate legal assistant?

It is around 1.0 lakhs to 5.8 lakhs and the annual salary is 2.8 lakhs

Conclusion On BAT Courses in Bangalore

Learning business accounting and taxation courses in Bangalore is a great idea. There will be more closure to different jobs with high packages which increases the chance of different jobs too.

Vaibhav Kakkar