Diploma in Financial & Foreign Accounting Syllabus

Module 1: Introduction to Accounting

• Basics of Accounting Principles
• Types of Accounting (Financial, Managerial, Cost)
• Accounting Terminology and Concepts
• Double-Entry System of Accounting

Module 2: Financial Accounting

• Preparation of Financial Statements
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement
• Adjusting Entries
• Closing Entries and Post-Closing Trial Balance
• Financial Statement Analysis

Module 3: Cost Accounting

• Introduction to Cost Accounting
• Cost Classification and Cost Behavior
• Costing Methods (Job Order, Process, Activity-Based)
• Cost-Volume-Profit Analysis
• Budgeting and Variance Analysis

Module 4: Advanced Financial Accounting

• Consolidated Financial Statements
• Accounting for Mergers and Acquisitions
• Segment Reporting
• International Financial Reporting Standards (IFRS)
• Generally Accepted Accounting Principles (GAAP)

Module 5: Foreign Accounting

• Basics of International Accounting
• Foreign Exchange and Currency Translation
• Accounting for Foreign Transactions
• Hedging Foreign Exchange Risk
• International Taxation

Module 6: Financial Management

• Principles of Financial Management
• Financial Planning and Forecasting
• Working Capital Management
• Capital Budgeting
• Risk and Return Analysis

Module 7: Financial Reporting and Analysis

• Financial Statement Analysis Techniques
  • Ratio Analysis
  • Trend Analysis
• Interpretation of Financial Statements
• Reporting Requirements and Disclosures
• Corporate Governance and Ethical Issues in Financial Reporting

Module 8: Taxation

• Basics of Direct and Indirect Taxes
• Corporate Tax Planning
• Taxation of International Transactions
• Double Taxation Avoidance Agreements (DTAA)
• GST and VAT Accounting

Module 9: Auditing

• Principles and Practices of Auditing
• Internal and External Auditing
• Auditing Standards and Procedures
• Audit Planning and Documentation
• Auditing in an International Context

Module 10: Financial Markets and Instruments

• Overview of Financial Markets
• Types of Financial Instruments
• Equity, Debt, and Derivative Markets
• Foreign Exchange Markets
• Regulatory Framework

Module 11: Software and Tools in Accounting

• Introduction to Accounting Software (e.g., Tally, QuickBooks, SAP)
• ERP Systems in Accounting
• Financial Modelling using Excel
• Using Database Management Systems for Accounting

Module 12: Practical Training and Projects

• Hands-on Training with Accounting Software
• Case Studies and Real-world Scenarios
• Project Work on Financial Analysis and Reporting
• Presentation and Report Writing Skills

Module 13: Career Development

• Resume Building for Accounting Professionals
• Job Search Strategies in Financial and Foreign Accounting
• Interview Preparation and Skills
• Professional Certifications and Further Studies