Bizops Insights

• In this course, you will learn to:
• Understand the structure and operations of businesses through the lens of accounting, inventory, and financial reporting.
• Develop a practical foundation in financial accounting, including transaction recording, ledger posting, and preparation of financial statements.
• Explore business operations such as order processing, inventory control, procurement, sales, and manufacturing cycles.
• Gain proficiency in using Tally Prime to manage and analyze day-to-day business transactions.
• Learn to manage bill-wise settlements, banking operations, multi-currency transactions, and reconciliation.
• Apply accounting principles and analytical skills to solve real-world business operation case studies.
• Understand documentation, compliance, and reporting standards relevant to businesses and financial systems.

• At the end of this course, learners will be able to:
• Apply accounting concepts, conventions, and principles to real-world business transactions and operational scenarios.
• Record and classify business transactions using manual methods and Tally Prime software.
• Create and maintain accounting masters, inventory masters, vouchers, and ledgers in a business setup.
• Prepare and interpret key financial statements such as Profit & Loss Account, Balance Sheet, and Cash Flow Statements.
• Handle comprehensive business operations including purchase and sales cycles, inventory valuation, and manufacturing processes.
• Reconcile debtors and creditors, manage bill-wise accounting, and generate outstanding reports using Tally.
• Manage business banking operations such as fund transfers, cheque printing, bank reconciliations, and post-dated transactions.
• Execute foreign currency-based transactions and calculate forex gain/loss using Tally’s multi-currency features.
• Analyze business data through practical case studies involving inventory, manufacturing, purchase orders, sales orders, and batch-wise tracking.
• Generate business insights using reports and dashboards to support decision-making and operational efficiency.

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