Course Code UCO2MC02
Course Title DIGITAL ACCOUNTING
Credits 6
Hours / Week 6
Category Major core (MC) – Theory
Semester II
Regulation 2024
Course Overview:
• This course provides students with a strong foundation in Microsoft Excel skills to
handle complex data and to create and format professional-looking Excel reports.
• This Course provides students with the essential Excel skills for data management,
analysis, and visualization through hands-on exercises and practical examples.
• This course is designed to provide students with a comprehensive understanding of
Tally Prime, the latest version of Tally's accounting software.
• This course covers the theoretical knowledge and hands-on practice which enables
the students to effectively utilize Tally Prime for various accounting and financial
tasks for businesses.
• This course offers a practical application of digital filing of financial data,
computerised payroll management for employees, and the creation of various reports.
Course Objectives:
• To understand the significance of digitalized accounting system and the spread sheet.
• To acquire knowledge of creating, formatting, and working with data and using
formulas and functions for calculations and data analysis in Excel worksheets.
• To apply the concept of accounting software and preparation of accounts in tally
software.
• To develop proficiency in navigating the Tally Prime interface in recording and
managing financial transactions.
• To evaluate the advanced features in tally prime software and the provisions for
various E-filing.
Prerequisites Basic understanding of accounting principles and basic computer
knowledge.
SYLLABUS
Cognitive
Unit Content Hrs COs
Level
Fundamentals of MS Excel: 18 CO1 K1, K2, K3,
Introduction to MS Excel – Entering, editing and CO2 K4, K5, K6
formatting of data & Charts, working with Excel Sheet – CO3
Cell References in Formulas, Data tools - Data Sort, Data
I
Filter, Conditional Formatting, Sparklines, Data Validation
and IFERROR, Remove duplicate records, managing
worksheets, changing views. Security Features - Protecting
worksheets and workbooks.
Advanced Formula and Functions: 18 CO1 K1, K2, K3,
Understanding Excel’s Functions – Text Functions - CO2 K4, K5, K6
CONCATENATE, TRIM, LEFT, RIGHT AND MID CO3
Functions, Mathematical Functions – SUM, AVERAGE,
MAX, MIN, COUNT, COUNTA, SUBTOTAL, Logical
Functions – IF, Nested IF, AND, OR. Perform statistical
II operations by using SUMIFS, AVERAGEIFS, and
COUNTIFS functions. Look up Functions - VLOOKUP,
HLOOKUP, INDEX MATCH. Perform what-if analysis by
using Goal Seek and Scenario Manager, Macros, Pivot
Tables.
AI Tools for Excel - How to use AI in Excel sheet,
ChatGPT for excel sheet.
Accounting & Tally Prime: 18 CO1 K1, K2, K3,
Introduction to Tally Prime – Company Creation, Select CO2 K4, K5, K6
and Shut a Company, Alter and Delete Company Details. CO3
Company Features and Configurations.
III Chart of Accounts - Ledger Creation, Group Creation,
Deletion of Ledgers and Groups. Accounting Vouchers -
Types of Accounting Vouchers. Voucher entries –
Recording basic accounting transactions sales, purchases,
payments, receipts, Bank and cash transactions. Preparation
of Final accounts with adjusting entries. Generating
financial reports.
Inventory & Payroll management, Cost Centres and 18 CO1 K1, K2, K3,
Cost Categories: CO2 K4, K5, K6
Inventory Masters - Creation of Stock Group, Units of CO3
Measure, Godown, Creation and alteration of Stock
Category and Stock Item. Inventory voucher types,
Generate inventory reports – Stock Summary.
IV
Payroll Masters - Employee Group, Employee, Units,
Attendance/Production type, Pay heads, Payroll Statutory
details. Create payroll vouchers to process salary payments.
Generate payroll reports - Payroll Summary, Pay slip.
Cost Centres and Cost Categories - Allocation of Expenses
and Incomes Using Cost Centres.
TDS, GST and Reporting: 18 CO1 K1, K2, K3,
TDS – Creation of TDS Masters and Recording TDS CO2 K4, K5, K6
transactions, E-Filing of TDS returns. CO3
GST - Introduction to GST, Classifications, GST Rates and
Place of Supply, Enabling GST in Tally Prime - Recording
V GST transactions - Accounting intrastate Supply of Goods
and Services - Accounting interstate Supply of Goods and
Services - Purchase and Sales Returns of Goods and
Services - Input Tax Credit, E-Filing of GST returns. E-
Way Bill – Contents. Split of Company Data, Backup and
Restore of Company Data.
Text Books:
1. Learn Tally. ERP 9 with GST and E-way bill, Rajesh Chedda, Ane Books Pvt. Ltd. 3rd Edn.
2. Microsoft Excel 2016 Data analysis and business modeling, Wayne L. Winston, Microsoft
Press.
3. John, G. (2023). Tally Prime, Joseph’s Institute of tally Education, Trichy.
4. Tax Sarthi, Basic Accounting & Inventory Tally Prime Book, Notion Press, Chennai, 2020.
Suggested Readings:
1. Alexis Leon, Enterprise resource planning, Mc Graw Hill Education, 3rd edition.
2. Excel 2019 All-In-One: Master The New Features Of Excel 2019 / Office 365 January
2019 by Lokesh Lalwani.
3. Microsoft 365 in easy steps Covers MS Office 365 and Office 2019 by Michael Price;
Publisher: Learning on Spa: In Easy Steps, 2021.
4. Soumya Ranjan Behera, Learn Tally ERP 9, B.K. Publication Pvt Ltd, Bhubaneswar 2020.
5. Shraddha Singh and Navneet Mehra, Tally ERP 9 – Power of simplicity, V & S Publishers,
New Delhi 2020.
6. Tax Sarthi, GST & Taxation in TallyPrime, Notion Press, Chennai, 2020.
7. Tally Prime with GST - A Complete Training Guide with Assignment (English) [Paperback]
T Balaji Publication.
Web Resources:
1. http://www.functionx.com/excel/Lesson01.htm
2. https://www.sgul.ac.uk/about/our-professional-services/information-
services/library/documents/training-manuals/Excel-Fundamentals-Manual.pdf
3. https://www.excel-exercise.com/
4. https://www.tally.com.sg/download
5. https://help.tallysolutions.com/tally-prime/
6. https://tallysolutions.com/features/#gref
7. https://tallysolutions.com/accounting/accounting-software-india/
8. https://tallysolutions.com/tally/how-to-create-business-invoices-on-tallyprime/
9. https://tallysolutions.com/tally/easy-analysis-of-business-reports-with-tallyprime/
10. https://tallysolutions.com/features/banking/
11. https://tallysolutions.com/gst/gst-return/
COURSE OUTCOMES
COs Statements Bloom’s Level
Understand and recall the concept of Tally accounting software
CO1 and spreadsheet to manage the financial records, prepare
financial statements and maintain other registers and reports K1, K2
pertaining to accounts and Inventory.
Analyse and apply the advanced features in tally software for
CO2
K3, K4
various E-filing of returns and comply with taxation regulations.
Create a digitalized system for processing and recording various
CO3 transactions and accomplish day-to-day tasks for efficient
K5, K6
management of business.
