Analysis of Accounting Information

• In this course, you will learn to:
• Develop a comprehensive understanding of how accounting information is recorded, analyzed, and interpreted for business decision-making.
• Gain practical skills in using advanced features of Tally Prime such as batch-wise inventory, cost centers, price levels, interest calculations, and scenario management.
• Learn to integrate accounting with inventory and generate complex financial reports and insights using real business cases.
• Understand and apply specialized accounting practices like depreciation, bad debts, prepaid/provisional expenses, GST, and loan interest.
• Explore tools for budgeting, forecasting, and financial performance measurement, using reports like ratio analysis and cost estimations.
• Build efficiency in financial documentation and reporting using Tally Prime and Microsoft Excel for business analysis.

• At the end of this course, learners will be able to:
• Perform advanced accounting and inventory analysis using Tally Prime features like cost centres, budget management, and price lists.
• Manage and analyze batch-wise, manufacturing, and special transactions including depreciation, bad debts, and provisions.
• Generate and interpret financial and operational reports (e.g., P&L, Balance Sheet, ageing analysis, movement analysis, ratio analysis).
• Configure and use scenario management and reversing journals for planning and forecasting.
• Handle GST configuration and compliance reporting in Tally, including GSTR returns.
• Apply interest calculation features for loans, receivables, and payables, including complex multi-rate settlements.
• Execute cost estimation and analyze business performance through various registers and summaries.
• Use Excel efficiently for basic data entry, formatting, and reporting to complement accounting analysis.

The academic approach of the courses focuses on the “work-centric” education i.e. begin with work (and not from a book!), derive knowledge from work and apply that knowledge to make the work more wholesome, useful and delightful. The ultimate objective is to empower the Learner to engage in socially useful and productive work. It aims at leading the learner to his/her rewarding career as an employee or entrepreneur as well as development of the community to which s/he belongs. Learning methodology:

• 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!

Evaluation Pattern of KLiC Courses consists of 4 Sections as per below table:

YCMOU Mark Sheet

Printed Mark Sheet will be issued by YCMOU on successful completion of Section 1, Section 2 and Section 3 and will be delivered to the learner by MKCL.
YCMOU Mark Sheet will be available only for Maharashtra jurisdiction learners

MKCL's KLiC Certificate

The certificate will be provided to the learner who will satisfy the below criteria:

1. Learners who have successfully completed above mentioned 3 Sections i.e. Section 1, Section 2 and Section 3
2. Additionally, learner should have completed Section 4 (i.e. Section 4 will comprise of SUPWs i.e. Socially Useful and Productive Work in form of Assignments)
   • Learner has to complete and upload minimum 2 out of 5 Assignments