After graduating from any discipline, the majority of students must have an abundance of choices but are unsure which course to take for specialization due to a lack of comprehension of the course material and its future reach. In this day and age of cutthroat rivalry, being on the cutting edge is essential for success, and for those striving high in the field of business, Business Accounting and Taxation is the thing to learn. Many government and commercial schools offer Business Accounting & Taxation courses, but the length and substance of the courses vary. Before beginning this training, one should have a firm understanding of Business Accounting and Taxation. Furthermore, Business Accounting and Taxation costs are a worry, as is whether the expenditure is worthwhile.
What is the difference between business accounting and taxation?
Business, as we all know, is a commercial activity that includes money transactions, such as purchasing and offering. This purchasing and selling could be of goods, skills, or both. As a result, we must properly watch the flow of cash, and accounting plays an important part in this regard because it methodically and accurately documents the cash flow, summaries, analyzes, and reports the financial transactions under various titles and subheadings.
Various taxes are levied by the government on various company activities, assets, and revenue made or purchased. To escape penalties and ensure the seamless operation of a company, it is necessary to be well-informed about tax rules. The taxation section of the curriculum provides a person with an in-depth understanding of the tax system.
In a nutshell, the company Accounting and Taxation training is a combined program that covers all facets of company accounting and taxation. The Business Accounting and Taxation course prepares students to be professionals with extensive expertise in both business and accounting. With so many opportunities for achievement, Business Accounting and Taxation expenses should not be a deterrent.
Course Eligibility for Business Accounting and Taxation
- The issue of who should participate in this course emerges. It works best for
- Students with a commerce background.
- People who have a flair for money and are numbers
- Students who are interested in taxes want to start their own companies.
The business accounting training prepares students for a wide range of financial planning, estimating, budgeting, and estimation tasks. This training covers MIS reporting, SAP, ERP software, Quickbooks, accounting, and payroll, GST, among other topics.
It also allows them to effectively analyze a company’s growth possibilities. After completing Business Accounting and Taxation, a person with such abilities can explore the following professions.
- Revenue Agent
- Marketing Manager
- Financial Analyst
- Tax Policy Analyst
- Employment Tax Specialist
- Personal Finance Consultant
- Assistant Manager – Taxation
- Senior Executive Taxation
- Executive Indirect Taxation
- Accountant Indirect Taxation
- Head – Corporate Taxation
- Corporate Legal Assistant
- Company Law Assistant
- Finance Manager
- Real Estate
- Budget Analyst
Aside from these work descriptions, there are chances to start one’s own Tax Consultancy Firm. This course is an essential component of any company, and a well-versed student in this field will always be in demand because he is the one who, through effective learning, will interpret and make money plans for a thriving business. Both the government and commercial sectors, including businesses such as Genpact, Adobe, and Bajaj, have openings and chances for Business Accounting and Taxation personnel.
Salary Range and Prospects for Advancement
If one desires, one can pursue higher degree programs after completing the Business Accounting and Taxation course. The salary of an employee differs according to his or her expertise. An executive’s compensation can range from Rs. 1.4 lakhs to Rs. 6.5 lakhs per year, with an average yearly salary of Rs. 3.5 lakhs.
The following are some of India’s highest-paying industries:
Engineering and construction — 2 lakh rupees per year
Pharmaceutical and Life Sciences — 1 lakh rupees per year
Financial Services — Rs. 8 lakhs per year
Power — 3 lakh rupees per year
IT Services and Consulting — Rs. 2 lakhs per year
Following are some of the top Institutes that conduct Business Accounting and Taxation Courses.
1. IIPTR Institute
IIPTR Institute is best leading online and offline educational institution that offers affordable world-class, in-demand skill development professional classes via live online and self-paced learning programs, allowing pros to upgrade effectively in a matter of months.
IIPTR Institute’s Business Accounting and Taxation online training is designed for students with a background in commerce. The information acquired from this training applies to the manufacturing, trading, and service sectors. Office Tools, Banking, Financial Services, Advance Excel, Insurance, Business Accounting, Income Tax, and other financial accounting and taxation online and offline classes are available.
- Expert faculty
- The course is designed considering the current industry trends
- The course caters to both fresh graduates and the Working Professionals
- Practical Exposure to Accounting and Tax
- 100% Interactive & Hands-on Learning
- The mode of teaching is Online/Offline
Basic requirements are
- A bachelor’s degree in commerce.
- Basic knowledge of computers.
- Basic written and communication skills
Who can join the Business Accounting & Taxation course?
- Fresh graduates
- Individuals wanting to establish careers in the field of accounting, taxation, and business.
- Already working professionals in the industry want to better their job opportunities in the market.
Established in 2008 EduPristine is a leading Institute for providing training for Business Accounting and Taxation courses. Their focus is on providing real-life application of knowledge using a mix of case studies and accounting tools. They also offer other certification courses like CMA, ACCA, CPA, FRM, CFA, etc. There is a provision for both online and offline learning sessions.
After the completion of the course, they provide career guidance and placement assistance. They have tie-ups with many companies like J.P. Morgan, ISB, ING, Barclays, Bank of America, PWC, etc.
- Commerce Graduates
- Working Professionals
3. National Institute of Financial Markets (NIFM)
The National Institute of Financial Markets is one of the many leading institutes in India that provides certified Business Accounting and Taxation Courses online as well as offline. The method of learning adopted by the Institute includes live projects. This Institute is preferred because of its ability to keep pace with the current trends in the market.
There is also a provision of good placement opportunities for the students. They also guide freelancing and provide assistance to set up businesses as income tax and accounting professionals. 100% placement assistance.
- Income Tax
- Tally ERP 9 with GST
4. APG Learning
APG, established in 2013, provides many ranges of courses, long-term or short-term, including workshops and seminars. Details of its syllabus and Business accounting and taxation fees are as follows
To be eligible for admission to this course, a student should fulfill any one of the following criteria
(i) Should be a B.Com/M.Com/MBA finance graduate
(ii) Should have a minimum of one year of experience if not having a commerce background.
(iii) Should have completed CA/ICWA/CS/CFA course or any similar course
5. Indian Institute of Taxation and Accounts (IITA)
Indian Institute of Taxation and Accounts is one of the best institutes for Business Accounting and Taxation courses conducted online. This Institute provides comprehensive study material, thorough training in Tally ERP 9 software (latest version), and placement support.
This Institute also helps in improving various soft skills. The Premium quality learning program provided by the institute helps the candidates to thoroughly enhance their accounting and taxation skills and either climb up the corporate level or become successful independent tax professionals.
6. SLA Consultants India
SLA Consultants India is an ISO 9001:2015 Certified Institute that conducts online Business Accounting and Taxation course and their training programs are specifically tailor-made for company jobs.
The course has a total of 11 Modules. In the E-Accounting course, they offer SAP FICO and Hana Finance courses for free.
7. Aptech Learning
The Business Accounting course provides training to familiarize the student with corporate processes in finance and accounting in collaboration with the banking domain. The virtual classroom helps to master the documentation processes and understand the various course concepts.
Highlights of Business Accounting and Taxation Course
- Office automation
- Financial data analysis with MS Excel
- Advanced presentation techniques
- Accounts receivable & accounts payable
- Recording & reporting
- Statutory compliance
8. Eduhome Institute
Eduhome Institute is an ISO 9001: 2015 certified institute and is one of the leading institutes which teaches Business Accounting and Taxation courses online with a specialization in GST, Finance, Accounts, Tally, and Taxation.
- Certified Professional Accountant Course is a six-month course,
- The Certified Taxation Expert Course is a three-month course.
- What is the minimum qualification required for Business Accounting and Taxation course?
Any Graduate of any stream can apply for this program.
- What are my job options after completing this course?
After completing this training, you could work as a tax consultant, business legal assistant, company law assistant, finance manager, accounts executive, tax analyst, monetary specialist, etc.
- What are business accounting and taxation fees?
The course fee varies as per the course duration and course content structured by the various institutes. It ranges anywhere between Rs. 2,295 to Rs. 1,18,000 for a course duration ranging from 40 days to 1 year.
- Do you have to be proficient in Mathematics to do this course?
No, this course doesn’t involve hard-core math. It has the basic concept of addition, subtraction, multiplication, and division.
Not all students are given the chance to work in big companies with high-paying jobs. But that should not prevent them from accomplishing their objectives. Many large and small institutes offer individuals ready to learn and develop the opportunity to register in their well-structured and thorough courses for very low costs. If a person desires and genuinely aims to achieve, they can select from the various available courses to improve their knowledge and update their skills from the comfort and safety of their own homes, as many Institutes are also providing online classes.
With the changing economic scenario and the “Atmanirbhar Bharat” drive the business sector is booming, resulting in an increasing number of possibilities for Accounting and Tax Professionals. This is an excellent opportunity for interested students to devote their time and resources to completing Business Accounting and Taxation training and launching a thriving profession. Accounting and taxation in business is a respected profession.