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What is Financial Accounting?

Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet.

Scope in Financial Accounting

In the modern world, accounting system is practiced no only in all the business institutions but also in many non-trading institutions like Schools, Colleges, Hospitals, Charitable Trust Clubs, Co-operative Society etc.and also Government and Local Self-Government in the form of Municipality, Panchayat.The professional persons like Medical practitioners, practicing Lawyers, Chartered Accountants etc.also adopt some suitable types of accounting methods. As a matter of fact, accounting methods are used by all who are involved in a series of financial transactions. The scope of accounting as it was in earlier days has undergone lots of changes in recent times. As accounting is a dynamic subject, its scope and area of operation have been always increasing keeping pace with the changes in socio-economic changes. As a result of continuous research in this field the new areas of application of accounting principles and policies are emerged. National accounting, human resources accounting and social Accounting are examples of the new areas of application of accounting systems.

Duration: 12 months
Accounts Management
Inventory Management
Tally ERP.9
Balancesheet Creation
Import/ Export
Work on other accounting Softwares


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Eligibility: 10+2, Under Graduates/ Graduates of any discipline

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S.No. Course Duration Syllabus
1. Advanced Diploma in Financial Accounting.  (ADFA) 1 Year Download
2. Diploma in Financial Accounting;  1 Year Download
3. Financial Accounting 6 Month Download
4. Tally Erp.9 2 Month Download