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About N I F A
National Institute of Finance and Accounts (NIFA), a division of NIFA Infocomp Services Pvt. Ltd., has been around for a decade. The Company is promoted, by a group of Professionals and has tie-ups with the most prevalent and extensively used Software Companies in this field. With these tie-ups in place, NIFA is now offering specific, tailor-made courses to students who aspire to make a place for themselves in the sunrise field of Finance and Accounts. The course is named NIFA-CPA (Certified Professional Accountant) and is the best bet for students who have completed their 12th standard and are looking for courses which are career oriented.
About NIFA-CPA
The course has been designed after extensive study & research by a team of professionals. During designing of the course due emphasis has been given to the industry requirements. NIFA-CPA course incorporate in itself the training in the field of accounts & finance in computerized environment with proper emphasis being given on practical & live exposure through taxation forms, projects, assignments etc..
NIFA course cater to students who wish to make career in any field related to Rupees and Paise. Students with any academic background can pursue it and hit the highway of success in their chosen career. It covers a wide range of related topics and enormous emphasis is laid on replicating day-to-day work as it happens in the world of Business, Finance and Accounts. In fact , our course can be described as an "On-the-Job-Training" in finance and Accounts.
SAMESTER-1
Module-1 : Compulearn
Computer fundamentals including MS Office (Word, Excel, Power-point, Internet etc.)
• Computers-an Introduction (Helps in better understanding to even a novice.)
• MS-Word, Excel, PowerPoint.
• Internet, E-mail & Outlook Express.
• Computer Hardware Overview.
• Installations Trouble Shooting.
• Back Up & Output Devices: Printer, Floppy, Pen drives.
Module-3 : e-Accounts
Financial Accounting Software.
• Computerised Accounting by using Nationwide accepted & widely used Tally Software (Latest Version).
• Enables a Student to Work on any other Accounting Package.
Software covered: Tally (Latest Version).
Module-4: Banking Revolution
Banking Fundamentals, which includes banking procedures, instrumentation, usage of plastic money, Internet banking, Project financing etc.
• Banking Fundamentals.
• Practical Overview of Banking, Instruments & Documents (Cheques, Pay-in-Slip, A/c Opening Forms etc.)
• E-banking, Mobile Banking.
• Plastic Money Usage (Debit & Credit Cards).
• Interest Calculations.
• Working Capital Financing.
• Preparation of Loan Project & Cash Flow Statements.
Project: For selfassessment of students & assessment by faculty.
Module-2: Business Accounting
Accounts Fundamentals, including basic accounting principles & other topics pertaining to Bank Reconciliation, Depreciation, Ledger Scrutiny, Profit Analysis with a tax planning perspective.
• Accounting Fundamentals (Better for non-commerce Student).
• Practical Overview of Accounting Documents (Bills, Vouchers etc.)
• Preparation of Journal, Ledger, Trial Balance & Final Accounts.
• Rectification of Errors, Provisions & Reserves, Concept of Capital & Revenue.
• Bank Reconciliation (BRS).
• Depreciation, Ratios.
• Introduction to some Important Accounting Standards (AS).
• Online Ledger Scrutiny.
• Profit Analysis with a Tax planning Perspective.
Module-3 : e-Accounts
Financial Accounting Software.
• Computerised Accounting by using Nationwide accepted & widely used Tally Software (Latest Version).
• Enables a Student to Work on any other Accounting Package.
Software covered: Tally (Latest Version).
Module-4: Banking Revolution
Banking Fundamentals, which includes banking procedures, instrumentation, usage of plastic money, Internet banking, Project financing etc.
• Banking Fundamentals.
• Practical Overview of Banking, Instruments & Documents (Cheques, Pay-in-Slip, A/c Opening Forms etc.)
• E-banking, Mobile Banking.
• Plastic Money Usage (Debit & Credit Cards).
• Interest Calculations.
• Working Capital Financing.
• Preparation of Loan Project & Cash Flow Statements.
Project: For selfassessment of students & assessment by faculty.
Module-5: Income Tax
Basic knowledge of taxation, includes computation of total income with the help of software.
• Basics of Income tax.
• Computation of Total Income, Deductions U/S80.
• Various Heads of Income.
• TDSATCS, FBT, BCTT.
• Advance Tax, Assessments.
• Computax + Computds Softwares for Tax Computation & e-filing of Returns.
• Manual Return Preparation & Filing of Forms, Challans etc.
Softwares Covered: CompuTax & Compu Tds.
Module-6 : VAT
Basic knowledge of VAT, with a grgat emphasis on Filing Tax Returns etc. has been covered.
• Applicability.
• Registration Procedure.
• VAT Computation.
• Return Filing.
• Assessment.
• Manually Filing of Forms, Challans etc.
• Computerised Preparation of VAT Returns (Using Softwares).
• VAT accounting.
Software covered: Incorporated in Tally.
Module - 7: Excise & Service Tax
Information relating to Excise (manufacturing & trading), Service tax, including the preparation of returns etc. with the use of software has been extensively covered.
• Applicability, Registration, Returns, Cenvat Credit etc.
• Preparation of Excise Returns of Manufacturers & Traders using Softwares (Udyog Excise Manufacturing & Trading for e-filing & Data Management).
• Manual Filing of Excise & Service Tax Forms, Challans Returns etc (For better understanding).
Service Tax:
• Applicability, Chargeable Services, Registration, Returns.
• Concept of Input Tax Credit.
Softwares Covered : Udyog Excise-Mfg. Trading, Compu Serve.
Module-8: Company Law
Basic knowledge of Company Law (ROC) matters, emphasizing on the preparation of returns & documents, updates on MCA 21 overview will be given.
• Statutory Provisions of Company Law, Company Incorporation Formalities.
• Concept of Share Capital, Annual General Meeting, Board of Directors, Resolutions, Articles & Memorandum of Association etc.
• Manual as well as Computerised Preparation of Forms & Returns using MCA-21.
Software covered: Online overview of MCA-21 using Internet.
Project: For self assessment of students & assessment by faculty.
S e m e s t e r - I I
Module-9: International Trade
The basics of Import & Export, with emphasis on documentation by using industry-relevant software.
• Concepts & Procedures related to Import & Export.
• Export, Import Documentation.
• Hands on Experience on "NIRYAT" Software for Documentation Purpose.
Softwares Covered: Nlryat.
Module-10: Industrywise Accounting
Industry differentiation (Trading, Manufacturing, Service & NQO) is taught, which includes industry specific accounting, financial statements, taxation, Costing & Auditing, use of payroll software etc.
• Industrywise overview of Accounting / Manufacturing / Trading / Service / NGO's / Construction Industry.
• Concept of Costing: Cost Sheet / Material / Labour / Overhead / etc.
• Auditing : Types of Audit / Procedure / Techniques.
• Industrial Laws: PF / ESI / Gratuity / Bonus.
• Working of Payroll with the use of Software.
• Schedule VI Balance Sheet.
• Annual Report Analysis (Ltd. & Pvt. Ltd. Companies).
• ERP
Softwares Covered: Payroll-Incorporated In Tally.
Module-11: Investment & Insurance
Basics of investment & insurance, with an emphasis on available investment options, Online Share Trading Overview Using Internet and the insurance scenario.
• Available Investment Options with ( Merits & Demerits).
• DEMAT Account Opening & it's Working.
• Insurance Sector Basics.
• Life Insurance Fundamentals : How to choose a good policy?
• Working as on Insurance Advisor (Advantages & Commission Structure).
• General Insurance Fundamentals.
Module -12: Legal Documentation
Basics of legal documentation, including drafting of deeds, agreements etc. are taught.
• Basics of Legal Documentation.
• Learn Drafting of Deeds/Agreements/etc.
• Act as a Hand Book for Students - very helpful during job.
Softwares Covered: Compu Forms.
LIVE Project:
Based on the industry specific guidelines students has to prepare a project devoting 2-3 months, followed by an industry visit.
Taxation Forms (Part I. II & III) : Apart from the knowledge in computerized environment through software's, manually filling of the Income Tax, VAT, Excise, Service Tax & Company Law forms being taught.
Accounts & Banking Documents: Account Documents: Practical overview of all the accounting documents like; Cash/ bank Vouchers, Journal Vouchers, VAT Invoice, Challan, Quotations, Debit/ Credit Notes, Confirmation of Accounts etc being given. Banking Documents: From the opening of the bank account, filling of cheque, Pay-in-slip, DD/Payorder slip etc.. being taught.
Assignments: Questions for practice of each & every Module with solutions being provided.
Hindi Course Material: Books are also available in Hindi which is beneficial for hindi Medium students.
Glossary : Meanings of the tough English words given in hindi at the end of the module for better understanding of the modules.
Live Project
At the end of all the above modules .every student has to submit a complete project (within a period of 2-3 months) based on the guidelines provided, which will be industry specific (Manufacturing & Trading or Service Industry & NGO) followed by an industry visit. This project will be like "On the Job Training for Students". On submission of the project final assessment will be done & grading will be awarded.
1:1 student computer ratio.
Individual attention.
Record Sheet being provided at the start of each
module.
Session wise break up of modules to ensure timely
completion.
Feedback forms at the end of each modules.
Internal tests to ensure seriousness amongst the
students.
Centralised Examinations : Monitored from the
H.O. with Subjective, Practical & Viva
examinations.
Special emphasis on Investment, Insurance &
Legal Documentation.
Annual Report Analysis of Limited & Private
Limited Companies.
The Focus Advantage
Spoken English and Business Communication Skills
Due to a special and exclusive arrangement that NIFA has with FOCUS, a specialized institute in the field of Spoken English (operating in 5 states of India), all NIFAstudents are provided with a comprehensive 3-months Course by expert full-time faculties. This not only prepares the students to function in a global working environment, it also boosts their confidence manifold.
FOCUS
English Traning Academy
100% Job Guarantee
With its exhaustive curriculum and exposure to latest accounting softwares NIFA makes sure that it's students are job ready right from day one. Owing to their edge over others NIFA students get a 100% job guarantee.
NIFA EDGE
1:1 Computer Ratio
Individual attention
Record Sheet being provided at the start of each module
Session wise break up of modules to ensure timely completion.
Feedback forms at the end of each modules.
Internal tests to ensure seriousness xamongst the students.
Centralised Examinations: Monitored from the H.O. with Subjective, Practical & Viva examinations.
Special emphasis on investment, Insurance & Legal Documentation.
Annual Report Analysis of Limited & Private Limited Companies.