Maintenance of Information in Books of Accounts

• In this course, you will learn to:
• Understand the fundamentals of maintaining accurate financial records in compliance with business standards and regulatory frameworks.
• Gain expertise in banking transactions, multi-currency operations, inventory management, and purchase/sales order cycles using Tally Prime.
• Develop practical skills in managing and analyzing financial information through vouchers, ledgers, and reports.
• Explore specialized Tally features like batch-wise inventory, manufacturing processes, cost methods, and bill settlements.
• Build competence in performing reconciliations, generating reports, and interpreting accounting data for operational insights.
• Apply accounting tools and techniques to case-based business operations across domains like manufacturing, trading, and service sectors.

• At the end of this course, learners will be able to:
• Execute a wide range of banking transactions (receipts, payments, contra, and post-dated) using Tally Prime and generate banking reports such as cheque registers and reconciliation statements.
• Manage international business operations using multi-currency features including exchange rate adjustments and forex gain/loss accounting.
• Track and process purchase and sales orders with related transactions such as invoice creation, returns, pre-closures, and outstanding reports.
• Maintain cost-effective inventory systems using various stock valuation methods (FIFO, LIFO, standard cost, etc.) and batch-wise tracking mechanisms.
• Integrate and automate manufacturing workflows with Tally’s Bill of Material (BOM), stock transfers, scrap accounting, and journal entries.
• Apply financial data analysis to solve real-world scenarios through business case studies covering procurement, sales, and production cycles.
• Ensure data integrity through proper setup of company masters, voucher configurations, and document-based audit trails.
• Present complete and accurate financial records that support business decision-making and ensure operational accountability.

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