Tally Pro - Advanced Financial Management and Banking Essentials

• In this course, you will learn to:
• Identify the basic components and features of Tally Prime 3.0
• Define the financial reports generated in Tally for effective decision-making
• Organize company data within Tally for efficient record-keeping and analysis
• Summarize the process of conducting purchase and sales transactions in Tally
• Explain the concept of cost categories and their significance in accounting
• Compare and contrast different types of cost centers within Tally
• Report on the utilization of cost centers in managing expenses and revenues
• Demonstrate the setup and utilization of cost center classes for expense allocation
• Operate Tally’s banking utilities for managing financial transactions
• Modify and adjust bank transactions using Tally’s reconciliation features
• Predict the outcomes of interest calculations for different financial scenarios
• Compare and contrast various interest calculation methods in Tally
• Differentiate between different types of data synchronization methods in Tally

• At the end of this course, learners will be able to:
• Interpret the financial reports generated in Tally Prime 3.0 to assess the financial health of a company
• Transform raw data into organized financial records using Tally’s accounting voucher system
• Compare different methods of cost center allocation within Tally to optimize resource utilization
• Report on the effectiveness of cost center classes in managing expenses across different departments
• Restate the procedures for utilizing Tally’s banking utilities for financial transactions
• Review and adjust bank transactions accurately using Tally’s reconciliation features
• Rewrite interest calculation parameters in Tally to suit specific financial scenarios
• Construct a comprehensive data synchronization plan for seamless integration across multiple branches using Tally
• Estimate the impact of interest rates on financial transactions within Tally Prime
• Illustrate the process of IP-based data synchronization in Tally
• Contrast IP-based and on-demand data synchronization methods in Tally to determine the most suitable approach
• Combine different financial parameters in Tally to solve complex accounting problems effectively
• Predict the outcomes of interest calculations for different financial scenarios using Tally

The academic approach of the course focuses on ‘work-centric’ education. With this hands-on approach, derive knowledge from and while working to make it more wholesome, delightful and useful. The ultimate objective is to empower learners to also engage in socially useful and productive work. It aims at bringing learners closer to their rewarding careers as well as to the development of the community.

• Step 1: Learners are given an overview of the course and its connection to life and work
• Step 2: Learners are exposed to the specific tool(s) used in the course through the various real-life applications of the tool(s).
• Step 3: Learners are acquainted with the careers and the hierarchy of roles they can perform at workplaces after attaining increasing levels of mastery over the tool(s).
• Step 4: Learners are acquainted with the architecture of the tool or tool map so as to appreciate various parts of the tool, their functions, utility and inter-relations.
• Step 5: Learners are exposed to simple application development methodology by using the tool at the beginner’s level.
• Step 6: Learners perform the differential skills related to the use of the tool to improve the given ready-made industry-standard outputs.
• Step 7: Learners are engaged in appreciation of real-life case studies developed by the experts.
• Step 8: Learners are encouraged to proceed from appreciation to imitation of the experts.
• Step 9: After the imitation experience, they are required to improve the expert’s outputs so that they proceed from mere imitation to emulation.
• Step 10: Emulation is taken a level further from working with differential skills towards the visualization and creation of a complete output according to the requirements provided. (Long Assignments)
• Step 11: Understanding the requirements, communicating one’s own thoughts and presenting are important skills required in facing an interview for securing a work order/job. For instilling these skills, learners are presented with various subject-specific technical as well as HR-oriented questions and encouraged to answer them.
• Step 12: Finally, they develop the integral skills involving optimal methods and best practices to produce useful outputs right from scratch, publish them in their ePortfolio and thereby proceed from emulation to self-expression, from self-expression to self-confidence and from self-confidence to self-reliance and self-esteem!