Top 7 Business Accounting and Taxation Courses in Nagpur

For any commerce graduate and a professional from an accounting background, if he has a keen interest to pursue a Business Accounting and Taxation Course, there is a huge scope and opportunities available in the industry. If you are looking for a good institute to study Business Accounting and Taxation courses in Nagpur, this article will help you to start your career in this field. This article will also take you through a brief understanding of what business accounting and taxation are and the top 7 institutes for studying business accounting and taxation courses in Nagpur or online.

Business accounting is nothing but business-related financial information and well-structured financial records. Businesses rely on accounting, which is an important aspect to help the overall business operations, such as making decisions and analyzing the financial information that is beneficial for running a business.

It is a systematic approach to interpreting, presenting, and reporting financial information. Business accounting can meet the internal needs of a company and can help with the revenue of the company. Accounting, in general terms, can be defined as the process of tracking income and expenses and saving them into documents.

It also has the balance sheets and income statements where the accountants monitor these processes and monetary transactions. Three types of business accounting help to determine its production costs: preparing financial documents or reports for the management, income statements, balance sheets, and cash-flow statements.

Examples of Business Accounting:

• Accounts receivable.

• Inventory levels.

• Accounts Payable.

• Internal reports: for budgets and forecasts.

Types of Business Accounting:

The Three Types of Business Accounting are:

• Financial Accounting.

• Cost Accounting.

• Managerial Accounting.

Financial Accounting:

Financial Accounting is the process of preparing financial statements that record, summarise, and create reports for a company’s business transactions. These financial statements are the income statements, balance sheet statements, and cash flow statements.

• Business accounting focuses on internal business needs.
• Financial accounting focuses on external business needs.

Examples of Financial Statements:

• General account books—general ledgers.

• Cashbook receipts and payments.

• Banking records: credit card statements, deposit books.

• Tax records: relevant tax invoices.

• Stock records.

• Records of expenses. 

Cost Accounting:

Cost accounting in general terms can be understood as any costs incurred by the company for its products or services. It further helps you to improve the business and make a decision in the future with company earnings or profit. The internal management team within the company identifies the costs associated with the production process.

Cost Accounting can be Further Classified into:

• Costing at a Standard Rate.

• Activity-Based Costing.

• Lean Accounting.

• Marginal Costing.

Accounting for Standard Costs:

The standard cost account is used by the manufacturer to plan their costs for the year. It uses different types of factors to compare how efficiently labor and direct materials are used under normal conditions. In the coming year, they have various expenses involved that can be labor, materials, or goods.

So the manufacturer compares the standard costs and actual costs and improves their production. To calculate the standard cost, you have to determine the cost of direct labor, direct labor, and overhead. Standard accounting also uses absorption or marginal costing in some conditions.

Standard Cost Accounting can be Further Classified into Various Types.

• Ideal Standard: Operating conditions are assumed perfectly in the Ideal Standard type.
• Although operating conditions are not perfect, efficiency is known in Attainable Standard.
• Current standard: The current standard type is the current working condition.
• Basic Standard: The basic standard never changes and remains constant over a while.

Activity-Based Costing:

Activity-based costing is used more in complex business environments where there are many machines involved. The process of Activity-Based Costing (ABC) breaks down the overhead costs. Companies with high overhead costs use this ABC method. Most manufacturing companies use this ABC system to get an understanding of where the money is going and to find the production costs.

Even though the ABC system is considered to be a complex process, it has got some benefits. They are:

• Product Pricing.

• Budgeting.

• Overhead expenses.

A product’s pricing:

In an ABC system, for each activity, costs are assigned in the production process. Since this process breaks down into activities, we can know all the costs for a specific product that goes into production, and this data helps to set a price for the product. This can eliminate the chances of setting the product price too low, which affects the profit.

Budgeting:

The Activity-Based Costing ABC system helps you to break down exactly where the money is going; it leads to a possible way to denote the incoming and outgoing money in your business.

Overhead Expenses:

If you are wasting money in your business, this Activity-Based Costing (ABC) system identifies it and helps you cut down on the costs that are necessary for production.

Lean Accounting: Using lean accounting practices, your business can eliminate non-value-added activities and improve by focusing more on efficiency. The main idea of lean manufacturing companies is to increase production.

Marginal Costing:

Marginal costing is the costing technique where there is a change in the total cost due to the change in the quantity of the product. This method can be used by managers for resource allocation, planning budgets, controlling manufacturing costs, and so on.

Examples of cost accounting:

• Rents.

• Loans.
• Lease Expenses.

Also Read: BAT Interview Questions Answers

Managerial Accounting:

The main focus of managerial accounting is to help the managers internally make future decisions for the company and to determine if they are accurate or not.

The Three Main Focuses of Managerial Accounting are:

• Planning.

• Controlling. 

• Decision-making.

Taxation:

Taxation in general terms can be defined as the process of collecting taxes. The government has a set of rules and regulations and every citizen has to pay their tax according to the money they earn from their business or job. Taxation applies to all levels; it can be income tax or goods and services tax (GST).

Tax Accounting is the process by which businesses comply with tax laws. A tax accountant files the income tax and plans for the company to comply with the rules of state tax laws. In India, taxes are imposed by the central government and state governments. Some of them are as follows:

Taxation by the Central Government

• Customs duty.

• Central excise duty.

• Income Tax.

• Service Tax.

 Taxation by the State Government

• Income tax on agricultural income.

• State excise duty.

• Land revenue.

• Stamp duty.

Types of taxes:

• Direct Tax.

• Indirect Tax.

Direct and indirect taxes have various consequences for the country. However, both sorts of taxes are significant to the government because taxes account for the majority of the government’s revenue. A direct tax is paid directly to the company that imposed it. Taxes on income, property, and assets are all examples of direct taxes. Indirect taxes, such as sales taxes, are imposed on the seller but paid by the buyer.

In general terms, indirect taxes are those that can be transferred from one person to another. It is not levied directly on the taxpayer’s income but rather on the expenses they spend. Sales tax, entertainment tax, excise duty, and some other service taxes are examples.

Types of Direct Taxes:

• Income Tax.
• Security Transaction Tax.
• Capital Gains Tax.

Types of Indirect Taxes:

• GST (Goods and Services Tax).

• Customs Duty.

• Value Added Tax (VAT).

Eligibility for the BAT Courses in Nagpur:

B.Com Graduates or graduates with a relevant diploma in finance or commerce are eligible to pursue the Business Accounting and Taxation (BAT) course. The Business Accounting and Taxation course is appropriate for applicants with 0–2 years of work experience or freshers.

BAT is a Good Career Choice:

Business Accounting and Taxation is a prosperous career-opener that unleashes heaps of possibilities in numerous domains. Among the many, accounting administrators, accounting managers, analysts, accounting supervisors, tax managers, and finance managers are some of the choices.

A commerce graduation degree student may not know the accounting subjects in detail, i.e., he may not know the industry-related experience or techniques. Today’s industry is expecting the employee to be well versed in the techniques that have been updated recently. Business Accounting and Taxation Courses in Nagpur give what the students and employees are looking for.

Many institutes give a high-class learning experience where the tutors are highly experienced in the relevant field. Business accounting and Taxation Course is fully beneficial if you choose to do this course from any good institute in Nagpur. 

The Below Mentioned Points are the Benefits of the BAT Course

• The income and expenses of a business are tracked and recorded.
• Costing, Budgeting, and other financial-related activities
• The entire Business process and performance.

Accounting vs Taxation:

• Accounting is the process of recording a company’s financial statements and the overall functioning of financial matters.
• Taxation is a process of paying taxes to the government according to the limits and following the tax laws.

Basic Ideas of Accounting Courses and Topics Covered

• A concept called Enterprise Resource Planning (ERP) uses Financial Reporting as one of its modules.
• Payroll functionalities
• Direct Tax
• MIS Reporting
• Indirect Tax
• Financial Statements
• Goods and services tax (GST)
• Value Added Tax (VAT)

Recommended Read: Business Accounting and Taxation Courses in India

The Below Mentioned Points are Some of the Benefits of Business Accounting and Taxation Courses in Nagpur:

• Tax returns with the appropriate format of ITR1, ITR2, ITR3, ITR4, ITR5, and ITR6.
• Get help to begin an enterprise as an accounting & profits tax expert if desired.
• 100% Placement opportunities.
• Campus Interviews.

BAT Professionals have an excellent range of career options. Students can get placed as the below-mentioned managers and accountants:

Accountant Role

1. Accounts Executive
2. Assistant Accountant

Manager Role

1. Accounts Manager
2. Finance Manager
3. Taxation Assistant
4. Taxation Manager

Duration of the Course:

Business Accounting and Taxation courses in Nagpur are especially for three to six months relying on the student’s dedication and also according to the Institute’s scheduling and working. 

Business Accounting and Taxation Specialists take care of the Below Terms-

• • Maintaining Books of Accounts
  • Internal Audit 
  • Taxation

Top Business Accounting and Taxation Courses in Nagpur

1. IIM Skills

IIM Skills is an institute that offers online courses including BAT, Content Writing, Technical Writing, Digital Marketing, Advanced SEO, GST Practitioner, and Financial Modeling. Their courses are beneficial for working professionals, students, and entrepreneurs. Its mission is to focus on providing world-class education with affordable pricing and teach its students in such a way that they can easily upgrade their skills for their rewarding careers. included in these professional courses are digital marketing courses, financial modeling courses in Nagpur, content writing, and many more. 

IIM Skills BAT Course Focus on:

• GST
• Income Tax
• Balance Sheet
• Tally
• Excel 
• Payroll
• MIS Reporting

Duration of IIM Skills BAT Courses in Nagpur:

The duration of the IIM Skills BAT course is 4 months which is fully online (recognized by Govt of India).  They ensure that they give 120+ Hours of lectures, and 60+ Hours of practical assignments.

Fees

₹ 49,900 + 18%GST

The Syllabus of IIM Skills Business Accounting and Taxation Courses in Nagpur:

There are 6 Modules covered in this course, they are:

Module 1– Accounting with Tally

Basics of Accounting (5 hours), Advance Tally ERP 9 and Tally Prime(15 hours), and Advanced Accounting in Tally concepts are covered in Module 1.

Module 2 – GST with Tally

Basics of GST (10 hours), GST in Tally (8 hours), GST Filing (Online/Offline using GST utility) – 4 hours. These GST-related concepts are covered in Module 2.

Module 3 – TDS (Tally), TDS filing (8 hours), Tax Deducted at Source (TDS)/Tax Collected at Source (TCS)E-Filing concepts are covered in Module 3.

Module 4 – Payroll with Tally Basics Payroll (8 hours), and Payroll with Tally (4 hours) concepts are covered in Module 4.

Module 5 – Income Tax with Tally Basics of Income Tax with Tally (15 hours) and Income Tax E-Filing (8 hours) concepts are covered in Module 5.

Module 6 – Advanced Excel and MIS Reporting

Advanced Excel (10 hours) and MIS Reporting and Financials (8 hours) concepts are covered in Module 6.

They guarantee their students lifetime support, 100% interview, and tool-based practical learning, mentorship by top-level CAs, community access to the alumni, and lifetime access to the live class recordings. With all its excellent courses and tutors, it tops the list of the best BAT courses in Nagpur. Go ahead and enroll in this course for the next upcoming batch to begin your career in the business accounting and taxation industry if you are interested.

Other Related Courses by IIM Skills

Financial Modeling Course

GST Certification Course

2. A.A.A.T (Alcon Academy of Accounts and Taxation)

A.A.A.T (Alcon Academy of Accounts and taxation) is under M.C.T.E.B (Maharashtra Computer & Technical Education Board) and it is one of the excellent institutes for Business Accounting and Taxation courses in Nagpur. They guarantee that their training institute gives excellent education training and job guarantee courses. Their testimonials have a pretty good rating for their training.

Course Name: Industrial Accounting Finance & Taxation Course.

They cover 6 Modules in this course they are:

• Manual/Computerized Accounting
• E-Banking & Finance
• Payroll
• Import & Export
• R.O.C
• Audit
• Tally ERP

Duration: 6 months

Contact: 099758 02989

Key Features of the BAT Courses in Nagpur

• Certification is provided on successful completion
• Experienced faculties
• 100% job guaranteed

Recommended Read: Financial Modeling Courses in Mumbai

3. APG Learning

APG learning provides online training for business accounting and taxation courses in Nagpur. They also provide online courses in Android App Development and Full Stack Development program for IT professionals or students.

About BAT Course: AGP Learning promises that they give excellent training for the students so that they will be 100% ready for a job after completion of this course. If accounting professionals complete this course, they can expect immediate promotion in their organization.

Eligibility criteria for BAT Couse in AGP Learning

• BCOM/MCOM/MBA Finance Graduates
• Students studying CA/CS/ICWA/CFA.
• 1 year of actual work experience if a non-commerce background

Course Syllabus of BAT Courses in Nagpur

• Industrial Accounting which(10 hours)
• Tally(30 hours)
• Direct Taxation(12 hours)
• Goods and service tax GST(12 hours)
• Payroll and its components
• Excel and MIS(15 Hours)
• Business Computer Application

Certification: They provide Tally Certification upon completion of the course and after clearing their exam successfully.

Course Duration: 3 months

Course Fee: 35000/-(Inclusive Taxes)

Contact: +91 735 000 1602 | +91 937 111 8008

4. AIAT – Advanced Institute of Accounts and Taxation Pvt Ltd

Another top institute on the listing offering Business Accounting and Taxation courses in Nagpur is AIAT- Advanced Institute of Accounts and Taxation Pvt Ltd. This course gives you the learning materials related to accounting and concepts of entire business-related entities. Accounting, Taxation, GST (Goods and Service Tax), Advanced Tally Prime, Advanced Excel training, and more are all available at AIAT that are related to accounting and give you a deep understanding of the business point of view.

Course Name: Accounting and Taxation

Course Syllabus of BAT Courses in Nagpur

• Account Writing(Computerised & Manual)
• GST
• Income Tax/TDS/TCS
• Computer
• E-Banking & Finance
• Payroll
• PDP & Job Interview Techniques

Course Eligibility in AIAT: 

• 12th pass
• Basic Computer Knowledge

Duration: 3 to 4 months (1.00 hours daily)

Other courses related to accounting in AIAT 

• Professional GST Training
• Advanced Excel Training
• Advanced Tally Prime

Key Features:

• 100% placement
• Academic support and facilities

They have an advanced computer lab with professional trainers and they give online study materials to their students. They also promise 100% placement with a dedicated placement cell for the recruitment process.

Recommended Read: GST Certification Courses in Pune

5. BAT Course, Madras University

Madras University is one of the best universities in India. The university was established in 1857. It has courses for regular and distance education, they follow the same standard courses for both regular and distance education.

Their Accounting Courses are listed below:

• Diploma in accounting and finance
• Diploma course in financial management
• Certification course in taxation

Duration and Eligibility of Business Accounting and Taxation courses in Nagpur at Madras University

All the above mentioned diploma courses duration is 1 year and the eligibility criteria will fall (10 + 2 + 3) or (11 + 1 + 3) or (11 + 2 + 2).

Key Features of BAT Courses in Nagpur:

• Placement opportunities are available in the private and government sectors. They have a dedicated placement cell and top companies like Infosys, TCS, CTS, and Banks like ICIC and HDFC banks recruit the candidates from Madras University.
• Students can also get the opportunity for teaching, they can also choose to become college lecturers.

Students can apply online in the Madras University portal, all the information is available in their portal regarding the courses, syllabus, and admission.

6. K-FAT (Keerti certified course in Financial Accounting and Taxation)

The Business Accounting and Taxation courses in Nagpur at K-FAT (Indian Certified BAT Course) helps students to upgrade their skills and meet the in and out needs of the business. They promise to provide training that will help you focus on the three sectors, Manufacturing, Trading, and Service Industries.

Subjects Covered in K-FAT BAT Courses in Nagpur

• Microsoft Office Tools
• Advanced Tools
• Business Accounting
• Direct Tax
• Income Tax
• Indirect Tax – GST

Tally Prime

• Tally Prime with ADVANCED ACCOUNTING
• Tally Prime with ADVANCE INVENTORY
• Tally Prime with Banking
• Tally Prime with GST
• Tally Prime with JOB COSTING
• Tally Prime with JOB WORKS
• Tally Prime with MIS Reports
• Tally Prime with Payroll
• BFSI(Bank, Financial Services, Insurance & Investment)

Eligibility for K-FAT BAT Course

• B.Com, BAF, BBI Graduates
• Final year Students of B.Com / BAF / BBI

Duration of the course: 6 months

Keerti Institute has a dedicated placement cell and always helps students with the recruitment process, if you are interested check out their website to contact them.

Recommended Read: Financial Modeling Courses in Kolkata

7. SLA – Online Business and Tax Accounting Training 

The SLA – Online Business and Tax Accounting Training offers Electronic Accounting, Electronic Tax (E-GST and Electronic Income Tax) program based on industry-related work training in the organizations. Every industry such as manufacturing, investment banking, automotive, IT, FMCG, etc., needs electronic accounts, finance, and tax assets. They offer online and offline courses so that according to your convenience you can opt for your timings.

BAT Courses in Nagpur Syllabus

• Module 1: Advanced Goods and Service Tax Practitioner Course – By CA-(Indirect Tax)
• Module 2-Part A-Advanced Income Tax Practitioner Certification
• Module 2-Part B-Advanced TDS Practical Course
• Module 3-Part A- Finalization of Balance Sheet/Preparation of Financial Statement & Banking by CA.
• Module 3-Part B- Banking & Finance
• Module 4-Customs/Import & Export Procedures – By Chattered Account
• Module 5-Part A-Tally Prime and ERP 9
• Module 5- Part B- Tally Prime & ERP 9 with GST Compliance.
• Module 6-Financial Reporting- Advanced Excel & MIS for Accounts and Finance – By Data Analyst Trainer
• Module 7- Advanced SAP FICO Certification.

E- Accounting and E-Taxation courses are currently available in 

• Delhi
• Gurugram/Gurgaon
• Starting soon in Noida

Key Features of BAT Courses in Nagpur

• Certificates signed by CA
• Experienced CA Faculty
• 100% Placement Assignment
• 2-3 hrs lab facility
• Live GST and Income Tax Portal
• Admin Support for 1 year
• Dedicated Placement Cell and Internship Programs.

Other Certified Programs that are relevant to Business Accounting and Taxation Courses in Nagpur are:

• Professional GST Training
• Advance Excel Training
• Advance Tally Prime

Key features of the Diploma Business Accounting and Taxation Courses in Nagpur are as follows –

• Certifications
• Hands-on Industrial Training
• Practical learning and education on Tally ERP
• Mock Interviews

Frequently Asked Questions Related to Business Accounting and Taxation Courses in Nagpur 

Q1. Is BAT a Career Oriented Course? 

Yes, BAT is a high-quality Career option.

Q2. Are BAT guides job-oriented? 

Yes, BAT guides are job-oriented. 

Q3. In which sector can I look for a job after the BAT Course? 

You could make a profession in monetary institutions, businesses, and banking sectors

Q4. What skills do I need to have a successful accounting career? 

The skills you need to succeed in this field are strong communication skills, problem-solving, analytical and research skills, leadership, motivation, a responsibility to achieve clear, timely, and measurable results, updated on emerging technologies such as e-commerce, image processing, and workflow technologies.

Conclusion:

Business Accounting and Taxation Courses in Nagpur are highly respected professions. It is an eye-opener for employers’ stability and progress. You can work there as an intern, clerk, fee accountant, currency expert, regulatory agency, account manager, and more. In any case, to accept each of these parts, you must attend the accounting and tax collection courses of a reputable organization to prepare for accounting and tax. So these top 7 institutes for Business Accounting and Taxation Courses in Nagpur discussed in this article give an understanding of them, now it’s time to find the institute that gives you confidence and trust, an institute that teaches good accounting and tax preparation and accreditation of accounting and tax collection courses.