DFA

Course Overview

The Diploma in Financial Accounting (DFA) is a career-oriented program designed to provide in-depth knowledge of accounting principles, taxation, financial reporting, and computerized accounting systems. This course equips students with practical accounting skills required in today’s business environment and prepares them for roles in finance, accounts, and taxation across industries.

Detailed Course Curriculum

1. Fundamentals of Accounting

• Introduction to Accounting

• Objectives, Scope & Advantages of Accounting

• Types of Accounting

• Accounting Concepts & Conventions

• Accounting Standards (Basics)

• Users of Accounting Information

2. Basic Accounting Principles

• Debit & Credit Rules

• Journal Entries

• Ledger Posting

• Trial Balance

• Rectification of Errors

• Bank Reconciliation Statement (BRS)

3. Financial Accounting

• Final Accounts of Sole Proprietorship

• Trading Account

• Profit & Loss Account

• Balance Sheet Preparation

• Depreciation Accounting

• Provisions & Reserves

4. Cost Accounting

• Introduction to Cost Accounting

• Elements of Cost

• Cost Sheet Preparation

• Methods of Costing

• Marginal Costing (Basics)

• Break-Even Analysis

5. Computerized Accounting with Tally Prime

• Introduction to Tally Prime

• Company Creation & Configuration

• Ledger & Group Creation

• Voucher Entry (Payment, Receipt, Contra, Journal)

• Inventory Management

• Payroll Accounting

• Financial Reports in Tally

6. Goods & Services Tax (GST)

• Introduction to GST

• GST Registration Process

• Types of GST (CGST, SGST, IGST)

• GST Rates & HSN Codes

• GST Accounting in Tally

• GST Returns (GSTR-1, GSTR-3B)

7. Income Tax Fundamentals

• Basics of Income Tax

• Residential Status

• Heads of Income

• Deductions under Income Tax

• Computation of Taxable Income

• Filing Income Tax Returns (ITR)

8. Payroll & Compliance

• Salary Structure

• PF, ESI & Professional Tax

• Payroll Processing

• Statutory Compliance

• Employee Records Management

9. Banking & Financial Services

• Banking System in India

• Types of Bank Accounts

• Cheque & Negotiable Instruments

• Loan & Credit Facilities

• Digital Banking & Payments

10. Advanced Excel for Accounting

• Excel Basics for Accounting

• Accounting Formulas & Functions

• Pivot Tables

• Financial Reports & MIS

• Data Analysis & Automation