Blog

In today's dynamic world, understanding finance, taxation, and the ever-changing world of GST is essential for professional success in an array of industries. Yugen School of Accounting & Taxation's Master in Finance, Taxation, and GST (MFTG) course in Calicut prepares you to confidently traverse these complex fields. This blog delves into the program's core elements, providing you with the information and skills you need to succeed in your chosen career field.

Unveiling the Essentials: Core Modules of the MFTG Program

1. Business Manual Accounts: This module lays the foundation for your understanding of financial transactions. You'll learn the fundamentals of double-entry bookkeeping, journaling, ledger posting, and preparing financial statements like the Balance Sheet and Income Statement. Mastering this module equips you to analyze financial data and gain crucial insights into the financial health of a business.

2. Tally Prime: As you delve deeper, you'll gain proficiency in Tally Prime, a leading accounting software. This interactive module guides you through utilizing Tally's features to efficiently manage various business operations like accounting, invoicing, inventory management, and payroll. Mastering Tally streamlines your accounting processes and prepares you to handle real-world scenarios effectively.

3. Goods and Services Tax (GST): Understanding the complexities of GST is essential for businesses and individuals alike. This module provides a comprehensive understanding of the GST framework, covering:

• GST Registration: Learn the process of registering for GST and ensuring compliance with regulations.

• Supply under GST: Understand the different types of supplies, their taxability, and the applicable GST rates.

• Input Tax Credit (ITC): Grasp the concept of ITC, its importance in reducing tax liabilities, and the processes involved in claiming it.

• GST Return Filing: Master the procedures for filing various GST returns like GSTR-1, GSTR-3B, and others, ensuring timely and accurate compliance.

4. Income Tax: This module delves into the intricacies of income tax for individuals and businesses. You'll gain expertise in:

• Heads of Income: Understand the different categories of income that are subject to tax.

• Deductions and Exemptions: Learn about various deductions and exemptions that can be claimed to reduce taxable income.

• Income Tax Return (ITR) Filing: Master the process of filing ITRs for different categories of taxpayers, ensuring compliance with tax regulations.

5. Tax Deducted at Source (TDS): This module equips you with the knowledge and skills to manage TDS effectively. You'll learn about:

• TDS Rates and Applicability: Understand the different TDS rates applicable to various income sources and the situations where TDS needs to be deducted.

• TDS Deposit and Return Filing: Master the procedures for depositing TDS and filing TDS returns, ensuring compliance with regulations.

6. Tax Collection at Source (TCS): This module helps you understand the concept of TCS, which is similar to TDS but applies to specific transactions, like the sale of specific goods. You'll learn about:

• TCS Rates and Applicability: Understand the different TCS rates applicable to various transactions and the situations where TCS needs to be collected.

• TCS Deposit and Return Filing: Master the procedures for depositing TCS and filing TCS returns, adhering to relevant regulations.

7. Employee's State Insurance (ESI) and the Employee's Provident Fund Organization (EPFO):This module offers insights on social security systems in India, including:

• ESI: Understand the objective of ESI, its advantages to employees, and the registration and contribution methods.

• EPFO: Discover the role of EPFO, its contribution structure, and the perks available to employees.

8. Advanced Excel: The course will provide you with advanced skills in Microsoft Excel, an important tool for financial professionals. You will learn to leverage:

• Advanced Formulas and Functions: Master powerful formulas and functions, including VLOOKUP, INDEX MATCH, SUMIFS, and others, to automate complex tasks and analyze data more effectively.

• Data Visualization and Charts: Create attractive charts and graphs that present data in a clear and engaging manner for effective communication.

Beyond the Curriculum: Advantages of Choosing Yugen's MFTG Program

Expert Faculty: Learn from experienced professionals and academicians who bring their industry knowledge and real-world experience into the classroom, ensuring practical learning and valuable insights.

Interactive Learning: Engage in active learning through interactive sessions, case studies, and practical assignments that allow you to apply your understanding to real-world scenarios.

Career-Oriented Approach: The MFTG curriculum is designed to equip you with the skills and qualifications.

Internship Opportunities: Gain valuable practical experience through internship placements arranged by Yugen. These internships provide the chance to apply your newly acquired knowledge and skills in a professional setting, enhancing your resume and offering valuable industry exposure.

Dedicated Placement Assistance: Our dedicated placement team is committed to connecting qualified graduates with potential employers. They offer career counseling, resume and interview preparation, and job placement assistance, maximizing your chances of securing a fulfilling career. With Yugen by your side, you'll graduate with not just knowledge, but also the tools and support needed to land your dream job.

100% Job Assurance: Yugen's commitment to your success is reinforced by our 100% job assurance. We understand the significance of a stable career, and we stand by our promise to provide every graduate with the necessary support to secure a job in their chosen field. This assurance is a testament to the confidence we have in the quality of our education and the capabilities of our graduates.

Your Journey Begins Here!

If you are ready to embark on a transformative journey in finance, taxation, and GST, Yugen School of Accounting & Taxation invites you to apply for the Master In Finance, Taxation, and GST (MFTG) course. Visit our website or contact our admissions office to learn more about the MFTG program, faculty, and the vibrant learning community at Yugen School of Accounting & Taxation in Calicut. Join us, and let your journey to financial mastery begin!