Sales Tax Related to Tally Entries

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					The Academy Of Accounting Professionals ™
                (TAAP)
          ISO 9001-2008 Certified



            Year 2011-2012




                     1
STUDYING ACCOUNTING, TAXATION & FINANCE

The purpose of accounting is to provide financial and non-financial information
to facilitate decision-making relating to the management of, and investment in,
public or private sector entities, and to provide some accountability to
shareholders, stakeholders, and taxpayers. The major role of an accountant is
to measure, interpret and communicate information relevant to these
decisions. Employment prospects for graduates in accounting are wide-
ranging.

Financial accountants provide information to external parties for assessing the
expected return and risk from investing in or providing resources to the entity,
and/or monitoring the performance of management of the entity. Internal
auditors review compliance with policy decisions, while external auditors
provide an independent opinion on the credibility of financial statements that
summaries the results and the financial position of an organization.
Management accountants concentrate on the provision of information to
management for planning, control and decision-making. Accountants
specialising in taxation assist a wide range of taxpayers to comply with tax
laws and provide advice on how to limit tax liabilities to the legal minimum.



About The Academy of Accounting Professionals (TAAP)

THE ACADEMY OF ACCOUNTING PROFESSIONALS (TAAP) is a
Vocational Training Institute which conducts practical work training in the field
of Accountancy, Taxation (Direct & Indirect) and Investments & Finance with
an objective to enable students to get employed OR to become self-
employed.

At TAAP we offer a focused course for CAREER in Accounts, Taxation and
Finance. Our aim is to provide knowledge form very basics to practical work
in today’s competitive world.

We have a team of experienced professionals in the field of Accountancy and
Taxation which includes Chartered Accountants, Company Secretary, Legal
Professionals, IT Professionals and also members who have years of work
experience in industry. This team continuously works for development of
course contents so as to make it highly practice oriented.



“The whole art of teaching is only the art of awakening the natural curiosity of
young minds for the purpose of satisfying it afterwards.”
                                                              Anatole France




                                       2
TEAM OF KEY FACULTIES / CONSULTANTS

CA Sudarshan Chaudhary
REAL VALUE ADDITON to Students, Learning from Basics to Practice and Quality
in Course Contents are the most important factors for him. He is practicing
Chartered Account in the areas of all Direct and Indirect Taxes along with
Accountancy and Auditing.

CA Nicky Milani
He is associated with Ace Consultancy and has rich and varied experience in
Direct Taxes, Accounts & Internal Audits. He also holds experience in the area of
ERP (SAP). He adds logic to his teachings gained in during the course of practice
and otherwise."

Leena Chaudhary
She is the backbone of the academy, dedicated to the students with unlimited
energy at work. She has an outstanding record in Academics – B.Com, LLB, MBA-
HR, Diploma in Information Technology from National Institute of Information
Technology (Pune), Diploma in Export Import Management, Diploma in Central
Excise Law and Procedures.

R.E Kulkarni
His 25 years of experience in the field of payroll, salary & labor laws as a HR
manager & management consultant is his core experience. He adds his
experience to his teaching which is an added advantage to our students for
gaining practical knowledge on the subject.

CA Mohnish Katre
He is associated with capital markets for years and also has experience in Equity
Research working with a leading investment research company. He is involved in
investment advisory services to the needs of Corporate and Retail segment.

PEOPLE BEHIND TAAP
“Experience is not what happens to you. It is what you do with what happens to you”

Mr. Mukund Chaudhary

      Chief Representative of Unit Trust of India
      Practicing Sales Tax Consultant since last 37 years.

His immense practical experience is an added advantage to TAAP students for empowering them with
practical knowledge in Taxation.

Mr. Yogendra Phalak
      Today a successful businessman since 32 years
      Owner of ISO Certified manufacturing units in Pune

His different encounters with various phases of business have mastered him in handling all aspects of
business. His manufacturing experience has added significantly to TAAP.

Mr. Yogesh Jain
      Qualified as Bachelor of Engineering (Mechanical )
      Serving at Top Management Team in a Multi National Company
He is a firm pillar in foundation and standing of TAAP and always a solid support in all future plans of
the Academy. His Management experience has a valuable contribution to the growth of the Academy.




                                                        3
EXECUTIVE DIPLOMA IN FINANCIAL ACCOUNTING & TAXATION
                        (Training Program Highlights)

GROUP 1                                       GROUP 2
FINANCIAL ACCOUNTING                          INDIRECT TAXATION
  Fundamentals of Accounting                     VAT Act (Maharashtra)
  Indian Accounting Standards                    WCT & Lease Tax under MVAT
  Accounting for Proprietary Business            Central Sales Tax
  Accounting for Partnership Firms               Service Tax
  Accounting for Companies                       Central Excise
  Accounting for Service, Trading &              CENVAT Credit Rules
  Manufacturing organizations                    Accounting for all Indirect Taxes
  Accounting on Tally.ERP                        Computations & Returns
                ,
  MIS Reporting, Ratios, Budgets                                              ERP
                                                 Indirect Taxation with Tally9ERP
Duration: 4 months                             Duration: 4 months

GROUP 3                                       GROUP 4
INCOME TAX & WEALTH TAX                       PAYROLL & SALARY COMPUTATION
  Important Concepts & Definitions               Payroll Process Concepts
  Heads of Income                                Salary Structure Planning
  Computation of Taxable Income                  EPF, ESI & PT,
  Exemptions & Deductions                        Gratuity & Superannuation
  TDS/ e-TDS - Salary & Other Payments           Payroll MIS Reports
                                  Company
  IT of Individual, Partnership & Co             Salary Accounting
      off
  Set-off & Carry Forward of Losses              Payroll using Tally9/ERP
  IT on Salary Income & Form 16                                            Salary
                                                 Income Tax Computation –Salary Income
  Wealth Tax Act                                          TDS
                                                 TDS / e-TDS from Salary payment
Duration: 1 month                              Duration: 2 months

GROUP 5                                       GROUP 6
INTERVIEW SKILLS & ATTITUDE in                INVESTMENT, FINANCE & ERP
JOB-LIFE
                                                 Banking
  Interview skills                               Mutual Funds
  Resume Building                                Demat Services
  Presentation Skills                            Insurance: Risk management, types etc
  Communication Skills                           Equity & Stock exchanges
  Approach towards work                          Stock Derivatives
  Attitude in Job-life                           Concept of ERP
  SWOT Analysis                                  Business Processes in EPR Environment
  GDP Sessions                                   Role of an Accountant in ERP
(Part of Executive Diploma Program)           (Part of Executive Diploma Program)




                     Duration               •12 Months


                      Fees                  •Rs 21000
                         - SUMMARY –

DIPLOMA & CERTIFICATION TRAINING PROGRAMS

  EXECUTIVE DIPLOMA IN FINANCIAL ACCOUNTING & TAXATION
  (Financial Accounting, Inventory Recording, Direct & Indirect Taxes,
  TDS, Payroll Processing, Interview skills & Presentations)
  Groups:        1, 2, 3, 4, 5 & 6
  Duration:      12 months
  Fees:          ` 21000
  (Installment: ` 6000 / ` 6000 / ` 6000 / ` 5000)


  PROFESSIONAL CERTIFICATION IN ACCOUNITNG & INDIRECT
  TAXES (Financial Accounting, Inventory Recording & Indirect taxes)
  Group :        1&2
  Duration:      8 months
  Fees:          ` 17500
  (Installment: ` 6000 / ` 6000 / ` 6000 monthly)


  PROFESSIONAL CERTIFICATION IN TALLY 9 ERP
  (Financial Accounting, Inventory Recording, Cost Center, Various
  Reports & Tally ERP Functions)
  Group :      1
  Duration:    3 months
  Fees:        ` 7500


  PROFESSIONAL CERTIFICATION IN INDIRECT TAXES
  (MVAT, CST, WCT, Service Tax, Central Excise)
  Group:     2
  Duration:  4 months
  Fees:      ` 14500


  PROFESSIONAL CERTIFICATION IN PAYROLL
  (IT Salary Computation, Important Labour Laws, Form 16, TDS
  calculation, Payroll Process using TALLY 9 ERP)
  Group:        4
  Duration:     2 months
  Fees:         ` 7000




                                 5
DAILY BATCH SCHEDULE:

                                               Monday, Tuesday, Thursday
          1st Batch     08:00 am to 10:00 am
                                                  Friday (4 days a wk)
                                               Monday, Tuesday, Thursday
          2nd Batch     10:30 am to 12:30 pm
                                                  Friday (4 days a wk)
           th                                  Monday, Tuesday, Thursday,
          3     Batch   12:00 pm to 2:00 pm
                                                  Friday (4 days a wk)
                                                Tuesday, Thursday, Friday
          4rth Batch     07 pm to 09:00 pm
                                                      (3 days a wk)
          SUNDAY         9:00 am to 1:00 pm             SUNDAY
                                               For PCMC working students
      THURSDAY           8:00 am to 2:00 pm
                                               having holiday on Thursday.




PAYMENT TERMS:

     Payment will be accepted by Cheque by name of THE ACADEMY OF
     ACCOUNTING PROFESSIONALS

     Post Dated Cheques should be provided, in case of payment by installments.

     Fees once paid will not be refunded in any case.

     If cheque bounced for any reason additional amount of Rs 300 will be
     charged.


REGISTRATION & ADMISSION REQUISITS:

     Documents required at the time of Admission:

     1) Five Passport Photographs
     2) Latest Mark sheet photocopy
     3) Address & Identification proof (Driving license, Passport, PAN etc)
     4) Last drawn Salary Slip / Appointment Letter (in case of working
        candidates)
     5) E-mail Latest Bio-data / Resume to info@taap.co.in (after Registration)




                                          6
GROUP 1:
FINANCIAL ACCOUNTING
Module 1: Introduction to Accounting & Tally

   1.    Basic Principles, Concepts & Conventions of Accounts
   2.    Accounting on Computer & introduction to Tally Accounting Software
   3.    Creation / Setting up Company in Tally
   4.    Processing Transactions in Tally – Receipt, Payment, Journal etc.
   5.    Creating Groups, Ledgers & different Vouchers
   6.    Recording day to day transactions
   7.    Monthly Sample Entries for 2 years
   8.    Trial Balance Preparation
   9.    Profit & Loss Account
   10.   Balance Sheet
   11.   Finalization Entries – Provisions, Depreciation and Adjustment entries
   12.   Practice Exercise
   13.   Financial Reports Generation in Tally
   14.   Various Function Keys in Tally


Module 2: Trading Organization

   1.    Nature and Transactions in Trading Organizations
   2.    Introduction to Inventory, Inventory Systems and Methods of Valuation
   3.    Accounting for Purchases & Sales with integrated Inventory System
   4.    Accounting of Bills of Exchange
   5.    Setting different Price Levels
   6.    Creating Units of Measure
   7.    Set up of masters for Accounting of Value Added Tax
   8.    Accounting of Purchases and Sales with VAT
   9.    Set up of masters for Accounting of Central Sales Tax
   10.   Accounting of Purchases and sales with CST
   11.   Masters & Voucher configuration
   12.   Preparation of Bank Reconciliation Statement
   13.   Age-wise analysis of debtors & creditors
   14.   Introduction & Creation of Cost Centres
   15.   Cheque Printing configuration
   16.   Interest Calculation for debtors & Creditors accounts
   17.   Concept and preparation of Debit & Credit Notes
   18.   Use of Voucher Class in Tally
   19.   Valuation of Closing Stock with / without integration to accounts
   20.   Finalization Entries – Provisions, Depreciation and Adjustment entries
   21.   Practice Exercise
   22.   Financial Reports Generation in Tally
   23.   Various Function Keys in Tally




                                           7
Module 3: Manufacturing Organization

   1.    Nature and Transactions in Manufacturing Organizations
   2.    Inventory in manufacturing organization
   3.    Why does manufacturing organization require costing?
   4.    Purchase Procedure – Purchase Order, Goods Receipt Note and Invoice
   5.    Sales Procedure – Sales Order, Goods Delivery Note and Sales Invoice
   6.    Creating and Maintaining Godowns in Tally
   7.    Stock Journal Entries – Inter-Godown transfer, Manufacturing Journal
   8.    Manufacturing Entries for Process Industry, Job Work, By-products and Multiple
         Finished Goods from Single Raw Material
   9.    Concept and use of Bill of Material for manufacturing
   10.   Accounting of Purchase & Sales with VAT & CST
   11.   Accounting of Central Excise duty and Reports for Dealers
   12.   Accounting of Fringe Benefit Tax (FBT) and related Reports
   13.   Advanced use of Cost Centers & Cost Categories
   14.   Concept and Use of Rejection Notes in Tally
   15.   Accounting for Foreign Exchange Transaction in Tally
   16.   Introduction to Inventory, Inventory Systems and Methods of Valuation
   17.   Accounting for Purchases & Sales with integrated Inventory System
   18.   Setting different Price Levels
   19.   Creating Units of Measure
   20.   Accounting for Tax Deducted at Source
   21.   Accounting for Service Tax
   22.   Security Controls in Tally
   23.   Preparation of TDS Challan & Form No. 16A
   24.   Preparation of Service Tax Challan & Return in Tally
   25.   Interest Calculation for debtors & Creditors accounts
   26.   Concept and preparation of Debit & Credit Notes
   27.   Use of Voucher Class in Tally
   28.   Valuation of Closing Stock with / without integration to accounts
   29.   Finalization Entries – Provisions, Depreciation and Adjustment entries


Module 4: MIS Reporting

   1. Creating Budgets in Tally
   2. Variance Analysis
   3. Introduction and Concepts of Cost Accounting, Job Costing, Processing Costing,
      Overhead Allocation, Activity Base Costing, Standard Costing,
   4. Important Ratio Analysis with the help of Tally
   5. Cash flow Statement
   6. Fund Flow Statement
   7. Analyzing and managing Inventory in Tally
   8. System Administration Utilities – Consolidation of Accounts, Split Company Data,
      Import and Export of Data, using ODBC in Tally




                                          8
Module 5: Important Indian Accounting Standards


  AS 1     Disclosure of Accounting Policies

  AS 2     Valuation of Inventories

  AS 4     Contingencies and Events Occurring After the Balance
           Sheet Date

  AS 6     Depreciation Accounting

  AS 7     Construction Contracts

  AS 9     Revenue Recognition

  AS 10    Accounting for Fixed Assets

  AS 11    The Effects of Changes in Foreign Exchange Rates

  AS 12     Accounting for Government Grants

  AS 13    Accounting for Investments

  AS 14    Accounting for Amalgamations

  AS 16    Borrowing Costs

  AS 19    Leases (Refer Note 2)

  AS 22    Accounting for Taxes on Income

  AS 26    Intangible Assets

  AS 29    Provisions, Contingent Liabilities and Contingent Assets




                                    9
GROUP 2:
INDIRECT TAXATION

Module 1: Maharashta VAT Act (including WCT & Lease Tax)

      1.    Important Concepts & Definitions under MVAT Act
      2.    General Terminologies Used in VAT
      3.    VAT Rates & Computation of VAT
      4.    Registration under MVAT Act
      5.    Schedules & Rates of Tax
      6.    Exemptions under MVAT
      7.    Set-off (Input Credit) Rules –
      8.    Retention (Reduction) in Set-off Rules
      9.    Non-Admissibility of Set-off Rules
      10.   Tax Invoice / Bill / Cash Memo
      11.   Composition Schemes for –
                 a. Retailers
                 b. Restaurants & Caterers
                 c. Bakers,
                 d. Dealers in second hand motor vehicles
                 e. Mandap Decorators
      12.   Tax liability on Works Contract Transactions
      13.   TDS on Works Contract Transactions
      14.   Tax Liability on Lease Transactions
      15.   Filing Returns & Payments under MVAT Act
      16.   Assessment Procedure
      17.   Refunds Rules & Provisions
      18.   Maintenance of Records & Audit
      19.   Interests & Penalties
      20.   Creating VAT Masters in Tally
      21.   Accounting for MVAT – Purchases, Sales, and Input Credit Adjustment etc.
      22.   VAT Reports – Purchase Register & Sales Register
      23.   VAT Computation
      24.   Online Return Preparation & Payment of tax



Module 2 : Central Sales Tax Act
      1.    Introduction & Concept of CST
      2.    Exemptions under CST Act
      3.    CST Transaction Forms
      4.    Rates under CST
      5.    Registration Application for TIN,
      6.    Form – C, E-1,E-2, F,G,H & I
      7.    C-From Purchases
      8.    CST Features & Configuration in Tally
      9.    Creating CST Masters
      10.   Accounting entries for CST
      11.   CST Reports – Forms, Payment Challan & Return in Tally
      12.   Online Return preparation and payment of Tax
      13.   Case study and solution




                                            10
Module 3: SERVICE TAX

     1.    Introduction and Concept of Service Tax
     2.    General Exemptions under Service Tax
     3.    Threshold Limit Exemption
     4.    Rate of Service Tax
     5.    Registration Requirements
     6.    Services liable for service tax
     7.    Valuation of Taxable Services
     8.    Value of Services for Works Contract Services
     9.    Issue of Bill for Service Charges
     10.   Import & Export of Services Rules
     11.   Payment of Tax & Filing of Returns
     12.   Cenvat (Input Tax) Credit Rules
     13.   Refund Rules & Procedures
     14.   Service Tax Transactions & Work flow
     15.   Creating Service Tax Masters & Configuration in Tally
     16.   Different Service Categories
     17.   Accounting Entries for Service Tax Transaction
     18.   Payment of Service Tax & Credit Adjustment
     19.   Service Tax Reports – Service Tax Payable & Credit Available Report
     20.   Service Tax Challan
     21.   Online Return Preparation and filing
     22.   ST-1, ST-2,ST-3, ST Credit Form,GAR-7 Challan, etc
     23.   Other topics relevant to Service Tax



Module 4: CENTRAL EXCISE
     1.    Basic Concepts Of Central Excise Act 1944
     2.    Assesses under Central Excise.
     3.    Application of Central Excise Act
     4.    Basic Exemptions and clearances under Central Excise
     5.    Registration forms & procedure
     6.    Maintenance of books of accounts as per Central Excise Laws
     7.    DSA, PLA, CENVAT credit register maintenance.
     8.    Payment of Duty. GAR-7
     9.    Accounting entries in financial books & excise Books
     10.   ER1,ER3 – Monthly/ quarterly return preparation
     11.   ARE 3 forms/ Rebate claiming
     12.   Countervailing duty, captive consumption
     13.   Preparation of Invoice
     14.   Other related topics in Excise
     15.   Capital Goods in excise.
     16.   Treatment of purchase returns & Sales returns.
     17.   Removal of goods without payment of duty.
     18.   Undertaking for manufacturer / CT 1 for Merchant Exporters
     19.   ARE 1 form.
     20.   Rebate claiming.
     21.   Captive Consumption treatment
     22.   Warehousing treatment in Central Excise
     23.   Central Excise for Manufacturers on Tally ERP.
     24.   Central Excise for Dealers
     25.   Central Excise for Job worker




                                           11
GROUP 3
INCOME TAX & WEALTH TAX

 1.    Introduction & Fundamental Concepts
 2.    Important Definitions under Income Tax Act
 3.    Residential Status
 4.    Income Exempt under Income Tax
 5.    Income from Salary
 6.    Income from House Property
 7.    Income from Business & Profession
 8.    Depreciation & Block of Assets
 9.    Income from Capital Gains
 10.   Income from Other Sources
 11.   Computation of Total Income
 12.   Set-off and Carry Forward of Losses
 13.   Deduction under Chapter VIA – 80 C/ CCD & 80D
 14.   Taxation of Individual s & HUF
 15.   Taxation of Partnership Firms
 16.   Taxation of Companies
 17.   Taxation of Non-Residents
 18.   Dividend Distribution Tax
 19.   Securities Transaction Tax
 20.   Important Due Dates under Income Tax
 21.   Income Tax Returns & Audit u/s 44 AB
 22.   Assessment Procedures
 23.   Double Tax Avoidance Agreement (DTAA)
 24.   Income Tax Rates
 25.   TDS / e-TDS on Salary Payments
 26.   TDS / e-TDS on other Payments
 27.    TDS Masters & Configuration in Tally
 28.   Accounting Entries for TDS
 29.   TDS Reports – TDS Computation & Forms Reconciliation
 30.   TDS Challan, Form No. 16 & 16A, TDS Return
 31.   Wealth Tax –
            a. Applicability
            b. Important Definitions
            c. Exemptions
            d. Computation of tax liability




                                     12
GROUP 4:
PAYROLL PROCESS & SALARY COMPUTATION

Module 1: PAYROLL PREPARATION WITH TALLY ERP

  1.    Introduction and Concept of Payroll
  2.    Creating Payroll Masters & Configuration in Tally
  3.    Defining Salary Structure of Employees
  4.    Accounting Entries for Salaries Payment
  5.    Accounting Entries for PF payments
  6.    Accounting Entries for ESI Payments
  7.    Accounting Entries for Gratuity payments
  8.    Entries of Attendance
  9.    Increments & Arrears Processing
  10.   Accounting of Loans to Employees
  11.   Salary Disbursement
  12.   Payroll Reports – Pay slip, Pay Sheet, Payroll Statements, Payment Advice
  13.   Expat Reports, Payroll Register, Attendance Sheet and Gratuity Report etc.
  14.   Working of PF, ESI, PT, Gratuity & Superannuation
  15.   Important provisions of Income Tax on Salaries
  16.   Computation of Income Tax on Salary Income
  17.   TDS from Salary Payments
  18.   Online e-TDS Returns Preparation and filing
  19.   Practice Exercises



Module 2: INCOME TAX TDS on SALARY PAYMETNS
  1.    Important provisions of Income Tax on Salaries
  2.    Understanding of House Property & Other Sources Income for Salary Computation
  3.    Allowances & Perquisites
  4.    Computation of Income Tax on Salary Income
  5.    Deductions under Chapter VI-A
  6.    TDS from Salary Payments
  7.    Online e-TDS Returns Preparation
  8.    Preparation of Form 16
  9.    Due dates of Payments and Return filing
  10.   Practice Exercises




                                            13
GROUP 5:

INTERVIEW SKILLS & ATTITUDE IN JOB-LIFE
        Session 1
        Introduction to every session
        Confidence check
        Body language
        Vocal control in Interview
        Attitude at an Interview

        Session 2
        Rate of speech
        Articulation
        Building Rapport
        Grooming for an interview
        Sample questions asked to Accountants & Replies
        Levels of Interview
        Sample questions in every level & Replies
        Attitude while on job

        Session 3
        Preparing cover letter Resume
        Communication skills, Effective emailing
        Exercises for improving communication
        Project work for 1 week in group

        Session 4
        Discussion on Presentation skills & Communication

        Session 5
        15 minutes presentation. Marking by judges.

        Session 6 & 7
        Personal interview on basis of SWOT analysis of
        every candidate

        Session 8
        Technical round of Interview

        Session 9 – Dos & Don’ts at Interview




                                  14
GROUP 6:

INVESTMENT, FINANCE & ERP CONCEPTS

  I.     Understanding Banking beyond Savings Accounts and Fixed Deposits
            • Introduction to Various banking Functions
            • Understanding various banking terminologies

  II.    Means of Financing
            • Types of Debt Financing (Term Loan, Loan against Property, Working
               capital Loans, Fund based / Non-Fund based financing etc.)
            • Types of Equity Financing

  III.   Mutual Funds
            • Introduction to Mutual Funds
            • History of Indian Mutual Funds Industry
            • Types of Mutual Funds
            • Taxation Effect
            • Process of Application for Mutual Fund

  IV.    Demat Services
            • Introduction to Depositories
            • Depositories in India
            • Features and Facilities of Depository Participants (DP) Accounts
            • Trading Account-Operational Aspects
            • Process and Application of DP Accounts

  V.     Insurance
             • Introduction to Risk Management
             • Insurance and Risk & History of Indian Insurance Industry
             • Principals of insurance
             • Types of Insurance
                    o Life Insurance
                    o General Insurance
                    o ULIPS
             • Insurance Documents
             • Claims

  VI.    Equity
            •     Equity Capital
            •     Introduction to Stock Exchanges
            •     Investing in Equities: Risk – Return
            •     Brief on Private Equity




                                           15
             FREQUENTLY ASKED QUESTIONS (FAQs)

1) What is TAAP?

   THE ACADEMY OF ACCOUNTING PROFESSIONALS (TAAP) is a Vocational Training
   Institute which conducts practical work training in the field of Accountancy, Taxation (Direct &
   Indirect) and Investments & Finance with an objective to enable students to get employed OR
   to become self-employed.

2) What are the courses offered by The Academy?

   Complete in-detailed information in given on our website – www.taap.co.in along with the
   prospectus. You can download the prospectus.

3) Who can do the course? Can a non commerce person do this course?

   Our courses are designed and developed on zero-base. Our courses are generally suitable
   for all persons who wish to gain professional knowledge in the areas of accounts, taxation
   and finance.

   We have students –

   - Having 10-15 years of industry experience for updating knowledge and keeping in touch with
   concurrent developments
   - Having 3-7 years of industry experience for getting professional approach and thereby
   advancement in career
   - Having 0-3 years of Accounting / Non-accounting experience to get into respectable job in
   accounting, taxation and finance domain.
   - Who are complete fresher (Post Graduate & Graduate in any stream) to gain practical
   industry endorsed training and thereby they will be eligible to begin career with confidence
   - Who are studying (Under-Graduates, CA, CWA, MBA students) to get in touch with
   pragmatic view of academic knowledge. This is important because, these days all
   professional degree courses have adopted practical knowledge based examination system.
   - And the last but not the least, people having their own business, profession and self-
   employed to gain knowledge so as to apply it in day to day business decisions.

4) Can I do only one Level from above mentioned levels?

   YES. Any person can opt for fresher level. But if anyone wants to go for Professional Level
   directly, s/he should have enough knowledge of prior modules. Person opting directly for
   professional level must clear Fresher level examination.

5) Can I do only one / two module/s from all modules?

   Yes. But there will not be any separate batch for individual module. S/he will join regular batch
   when such module is up for teaching.




                                                  16
6) How will I benefit by joining your Academy?

   You will be definitely benefited, if you are looking at any of the following objectives in
   Accountancy, Payroll, Business Taxation (Direct & Indirect), Investment and Finance –
            - Quality and factual value creating education
            - Gain and/or update knowledge to apply in regular job / practice
            - Develop professional approach towards job / career
            - Advancement in job career for working people
            - Better job prospects for fresher in industry
            - Begin a new career in accounts & taxation (for non-finance people)

7) How is your Academy different from other Academies?

   We do not want to praise us by comparing and indicating others lacunas. It’s only YOU who
   can experience and then give an opinion. However, one can visit The Academy and meet
   existing students to know facts.

   We do not posses any positive/negative opinion about others. We believe that there should
   not be a comparison between academic institutes because everyone aspire to provide the
   best possible.

8) How is the training given to each student? What is your training methodology?

   We have adopted a very personalized training process where attention is given to each
   individual student on the basis of – previous educational background, work experience (if
   any), grasping and understating capacity.

   We do not have culture batch oriented learning process. Over the years, we have observed
   that each person has his own way and pace of learning. Therefore, we have given flexibility to
   individual student to start Training Program at any time during the year. Any person who joins
   the academy is given 45 days grace period from due date to complete the course.

   Discussion with faculties and lectures are conducted in groups, but practical work training
   which consists of 75-80% of entire course duration, is done 100% by every student with
   his/her own pace of learning.

   Learning process will flow in following stages –
           1. Overview of the concept - preliminary discussion with learned faculty
           2. Self-reading & understanding of contents individually
           3. Practice on individual computer with experienced faculty guidance
           4. Secondary review – discussion, question-answers with learned faculty
           5. Self-learning Practice once again, if required (optional)
           6. Final lecture with discussion – conducted by qualified CA / CS / CWA / LLB
           faculties

9) How many students accommodate in one batch?

   We have maximum 16 students in one batch. Although 15-16 students work together, as
   mentioned above we treat EVERY student as a batch. Each student study and practice with
   his / her individual tempo and level of understanding. The ultimate aim is to transform every
   student of us into a professional.




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10) What is the proficiency of trainers & faculties in your Academy?

   Faculties in the academy are three-level hierarchy. We have –
   - Assistant Faculties (Grad / PG having minimum 2 years of industry experience)
   - Training Faculties (Grad / PG / having minimum 5 years and Semi Qualified CA/CWA/CA
   having minimum 3 years of industry experience)
   - Qualified Professionals (CA/CWA/CS having specialized for the particular area)

   Complete industry endorsed training is possible only with the help of these learned faculties.
   We really thank them for their honest efforts.

11) How are the Training contents selected and designed?

   Training contents are identifies and developed by practicing finance professionals
   (CA/CWA/CS). These consulting professionals identify the most concurrent topics and related
   practices largely followed in the industry.

   Our course contents are designed to provide maximum practical insights to learners. Learning
   material is designed in a way to give demonstration and practice of all routine, non-routine
   and critical business transactions. Every student practices all these transaction by creating
   relevant Firm / Company in Tally, enters transactions systematically for the entire year and
   finalizes accounts.

12) Does every student gets individual computer for practice?
    Yes. Absolutely throughout course duration..!

13) What is the duration of the courses offered in your Academy?

   Please refer to Prospectus document. You can download the same from our website
   www.taap.co.in. Detailed Information is provided in prospectus.

14) What are the batch timings for courses?

   Please refer to Prospectus document. You can download the same from our website
   www.taap.co.in. Detailed Information is provided in prospectus.

15) Can a student combine batches if he/she wishes to complete the course early?

   Yes. One can accelerate the course by attending multiple sessions. This is subject to
   availability of seat in other batches.

16) What are the course fees? Is there a facility of installments?

   Fees schedule is clearly given in prospectus document. You can download from our website
   www.taap.co.in. Fees can be paid in installments. Detail Information in provided in
   prospectus.

17) Are there any concessions or discounts available?

   Concession or negotiation is possible only in case of Corporate / Group training involving
   minimum 5 persons.




                                                18
18) How the exam conducted and what is the passing percentage?

   Academic examination is conducted on online on computerized e-examination system.
   Passing percentage in this examination is 50% average of all the subjects.
   Examination marking criteria will be:
      1) Sincerity & Consistency
      2) Technical Skills
      3) Presentation Skills


    1. Sincere and consistent
     - Wholehearted and honest efforts to learn / work
     - Punctuality / attendance
     - Reliability / Responsibility - inform if not attending the class

    2. Technical skill
     - Academic Record and performance
     - Accounting and taxation knowledge
     - Performance during the training period

    3. Personality
     - Confidence
     - Communication skill
     - Positive Attitude


19) What if a student fails in the exam?

   A student can appear for the examination for 5 maximum times. There must be a gap of
   minimum ONE month in subsequent attempts. If a student fails for 5 times, he/she may quit
   OR rejoin for the entire course afresh.

20) Your training fees are very high…!

   We believe that our offerings are absolutely value for money. One may observe following
   facts –
                                         Approx           Average     No. Months to
     Private Educational Institutes      Cost             Salary P/M  Recover Cost

   - MBA from any Premier Institute            Rs.10 lacs       Rs.100000/-     10
   - MBA from well-Known Institute             Rs. 8 lacs       Rs. 50000/-     16
   - MBA from Average Institute                Rs. 6 lacs       Rs. 20000/-     30
   - CA / CWA / CS                             Rs. 2 lacs       Rs. 30000/-      7
   - Engineer from well-known Institute        Rs. 2.5 Lacs     Rs. 15000/-     17
   - Certification from TAAP                   Rs. 21,000/-     Rs. 8000/-        3




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FEEL FREE TO CONTACT US IF YOU HAVE FUTHER QUESTIONS / QURRIES..!




         THE ACADEMY OF ACCOUNTING PROFESSIONALS
      SAMPADA Building, 2nd Floor, Behind Vidya Sahkari Bank,
Opposite Ratna Memorial Hospital, Senapati Bapat Road, Pune – 411016


                      Mobile: +91 98502 88732
                   Tele / Fax : +91 20 25660474

                       Email: info@taap.co.in
                        url: www.taap.co.in

                          Office Timings:
               Monday to Friday: 9:30 am to 7:00 pm
                     Sunday : 10 am to 2 pm

                      (Holiday on SATURDAY)




                                                  F/Mkt/00/04 (April 2011)

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