INSTITUTE FACULTY OF MANAGEMENT STUDIES

PROGRAM BACHELOR OF BUSINESS ADMINISTRATION

SEMESTER 4
COURSE TITLE ACCOUNTS EXECUTIVE
COURSE CODE 04SC0001
COURSE CREDITS 0

Course Outcomes: After completion of this course, student will be able to:
1 Ascertain different types of tax liabilities, evaluate tax compliance documents and prepare
tax challans and make tax payments.
2 Seek and receiver income tax declarations from employees, calculate net salaries after
deductions, prepare salary statements giving details of earnings and deductions.
3 Verify the receipt / payments related documents and record the receipt / payment
transactions in the book of accounts, prepare reconciliation statements and execute cash
and inventory management.
4 Obtain and verify documents related to purchases / sales and pass accounting entries in
journals.
5 Make provisions under various heads, prepare statement of depreciation, and prepare
reports on profit and loss account and balance sheet and other financial statements.
6 Communicate effectively with customers, superiors and colleagues, maintain service
orientation and achieve customer satisfaction.

Pre-requisite of course:NA

Teaching and Examination Scheme

Theory Tutorial Practical ESE IA CSE Viva Term
Hours Hours Hours Work
4 0 0 50 50 0 0 0

Contents : Contact
Topics
Unit Hours
1 Taxation related concepts 5
Basic concepts like due date, previous year, assessment year, rates
of taxes, TDS and TCS rates, time of deduction/collection • Comply
with TDS/TCS provisions, advance tax and filing of return of
income • E-filing tax returns.

DR. MONICA VERMA DR. SUNIL KUMAR JAKHORIA

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 Contents : Contact
Topics
Unit Hours
2 Understanding GST Concepts 5
Understanding GST Concepts: Comprehend the fundamental
concept of GST • The concept of supply • Differentiate between
taxable and non-taxable supply • The applicability of SGST, CGST
and IGST • Charge of GST including composition levy • Explain
how IGST is levied • Adjustment against Tax Payable and input tax
credit set-off • Exemptions of GST • Value of supply • The process
of making tax payment to the Government • Demonstrate E-Filing
Returns • Tax related concepts like • Time of supply of
goods/services • Place of supply • Location of supplier of goods •
Tax terminologies such as input tax credit, output tax, TDS, tax
collected at source (TCS) and rates of TDS, output tax, and/or
Goods and Services Tax (GST), etc. • Tax invoice
3 Incidence of Taxation 1
Incidence of Taxation: The incidences of taxation • Time of supply
of goods and services • The purpose of place of supply • Define
location of supplier of goods • Define the recipient with respect to
supplies involving payment and supplies not involving payment.
4 Registration under GST the optimum size 4
• Evaluate the PAN based Registration Process, its rules, and the
Purpose of registration • Differentiate between single registration
and multiple registrations for different business vertical •
Registration- centrally or selectively in each state • The details that
are to be furnished during registration • Common mistakes made
during registration • Differentiate between Taxable Person vs
Registered Person • The Registration Timelines – Migrations •
Record the benefits of registration • Form filling with case studies.
5 Calculation of Tax Liability 7
The concept of input credit • Input Tax Credit eligibility using case
studies • Set-offs under GST wherever applicable • Differentiate
between consideration and valuation
6 Payment under GST and Return filing 3
The types of payment, modes of payment, rules of collection of
taxes • Preparing different Challans, CPIN & CIN • Compare TDS
and TCS • Cases for reversal of credit • Calculate the tax liability
based on various case studies • The penalties for late payments •
Practice on the process of online payment • Return filing under
GST.

DR. MONICA VERMA DR. SUNIL KUMAR JAKHORIA

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 Contents : Contact
Topics
Unit Hours
7 Prepare and perform payroll function 3
The components of salary and their details • The process of
maintaining records of employees’ details • The deductions and
exemptions allowable in respect of allowances and perquisites • The
meaning and components of salary for the purpose of exemption,
valuation of perquisites etc. • Income Tax declarations submitted by
employee • Compute the deductions available under Chapter VI-A
Prepare tax computation sheet of employees • Prepare advice
statement relating to Income Tax and provident fund • Prepare net
salary Statement • Complete the joining formalities and record
maintenance of employee details • Prepare the exit formalities of
employees Prepare the full and final settlement- salary, incentives,
provident fund (employee’s contribution & employer’s
contribution), Gratuity, Superannuation, arrears, etc • Prepare the
full and final settlement- salary, incentives, provident fund
(employee’s contribution & employer’s contribution), Gratuity,
Superannuation, arrears, etc • Assess how incentives, bonus,
variable pay and incentives are calculated • Design and prepare
appraisal letters
8 Basics of accounting Prepare receipt and payment voucher 9
Basics of accounting Prepare receipt and payment voucher: •
Understand the basic concepts in accounting • Interpret the
objectives of financial accounting • The advantages and limitations
of financial accounting • Familiarize with the important accounting
terms and concepts • The double entry system • The different types
of accounts • Recognize business transactions and their source
documents • The method of recording business transactions •
Methods of recording business transactions • Pass different types of
journal entries • Prepare various ledger accounts • Compare
different types of receipts and payments in a business • Inspect
purchase orders, purchase journal, supplier and payment details •
Examine the documentation submitted along with purchase
order/invoice • Prepare delivery challans and vouchers • Create a
sales invoice • Recognize the concept and application of subsidiary
books • Record purchase/sales in respective journals • Operate the
Tally system and learn to pass entries in Tally • Analyze the process
of cash payments • Analyze the process of payments through
electronic channels (cheques, DD, PO, RTGS, NEFT, IMPS, ECS,
etc.) • The concept of reconciliation • Prepare reconciliation
statements • Determine opening and closing cash • The nuances of
handling cash Prepare cash-flow statements and reports.

DR. MONICA VERMA DR. SUNIL KUMAR JAKHORIA

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 Contents : Contact
Topics
Unit Hours
9 Prepare financial statements 10
Prepare financial statements: • The concept of trial balance and
reason • The process of maintaining stock ledgers, rejection in and
rejection out, delivery note, etc. • The process of physical
verification of stocks • The 5S model of filing records for easy
retrieval of the same • The concept of creating provisions for certain
expenses / doubtful debts • Prepare documentation required for
provisioning • The process of provisioning • Depreciation and the
methods to calculate depreciation • The cost capitalization concept •
The concept of block of assets • Prepare a statement of assets with
details such as purchase date, applicable rate of depreciation and
book value • Estimate the depreciation for each of the asset
contained in the list • Prepare a report/depreciation journal/or by any
other term referred to as, showing the details of depreciation
calculation • Verify the entries made in the Tally software • Identify
the nature of expenses and income covered in the profit and loss
account • Interpret in detail profit and loss account • Prepare profit
and loss statement using Tally software • The process of preparation
of final accounts/financial statements • Distinguish between trading,
manufacturing and profit & loss account • Understand balance sheet
and its formats as per Schedule III to the Companies Act, 2013 •
The classifications of items/elements of the balance sheet • Interpret
in detail about the major headings in the balance sheet • Prepare
various reports in Tally based on the financial data
10 Communicate effectively and achieve customer satisfaction 1
The art of active listening and paraphrase effectively in order to
understand the customers, superiors and colleagues • Sensitivity to:
language, gender, cultural and social differences in addressing
customers, superiors and colleagues • Positive attitude, correct body
language, dress code, gestures and etiquette • Value customer
satisfaction and aim to gain customer loyalty
11 Maintain Integrity and Ethics 1
Fair practices and unfair trade and/or corrupt practices • Maintain
records meticulously • Protect customer’s information • Protect data
and information related to business or commercial decisions • Avoid
misrepresentation or misinformation • Practice ethics in day-to-day
processes • Avoid defaming products and services of competition.
12 Focus on Teamwork 1
Share relevant inputs, feedback and insights to build mutual trust •
Exchange, defend and rethink ideas • Support team members to
accomplish goals • Facilitate group decision making and deal
productively with conflict.
Total Hours 50

Textbook :
1 BSFI- Study Material, BFSI, BFSI, 2022

DR. MONICA VERMA DR. SUNIL KUMAR JAKHORIA

Digitally signed by (Name of HOD) Digitally signed by (Name of Dean/ Principal)
References:
1 BFSI, BFSI, BFSI, BFSI, 2022

Suggested Theory Distribution:

The suggested theory distribution as per Bloom’s taxonomy is as follows. This distribution
serves as guidelines for teachers and students to achieve effective teaching-learning process

Distribution of Theory for course delivery and evaluation

Remember / Understand Apply Analyze Evaluate Higher order

Knowledge Thinking
20.00 30.00 25.00 15.00 10.00 0.00

Instructional Method:
1 Lecture

Supplementary Resources:
1 https://nsdcindia.org/accounts-executive-accounts-payable-receivable

DR. MONICA VERMA DR. SUNIL KUMAR JAKHORIA

Digitally signed by (Name of HOD) Digitally signed by (Name of Dean/ Principal)