Interested in this College?
Get updates on Eligibility, Admission, Placements Fees Structure

Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video and Text Based

Course Overview

Financial accounting is a specialised and highly significant branch of accounting that involves maintenance of a company's financial transactions. The transactions are recorded, summarised, and presented in a financial statement or report commonly known as a balance sheet or income statement. SWAYAM's Certification Programme on Financial Accounting will help candidates achieve perfection in important concepts of the accounting system with the support of concrete rules and principles taught.

Learners would delve deep into the basic concepts, accounting standards and conventions of financial accounting which would include an understanding of the overall scope, role, and importance of the current domain in a business organisation. The course comes with a plethora of self-assessment tools and pedagogy like video lectures by experts, various case studies, free ebooks, quizzes, interaction, assignments, mentoring, assessments and much more that would go a long way in accentuating a candidate's understanding of financial accounting.

A detailed explanation of every topic coupled with the bonus of revisiting video modules for resolution of doubts and an active discussion forum will aid learning. Questions asked in the exam would be of a standard nature, furnishing learners with an academically-rich experience. Course takers can also avail detailed solutions to their weekly assignments on the course tab which would ensure timely progress.

The Highlights

Weekly self-assessments
The course duration of eight weeks
Free access to course material
Course delivery by Ph.D scholar
Certification from MHRD

Programme Offerings

assignments
video lectures
Reading Material
assessment

Courses and Certificate Fees

Certificate Availability	Certificate Providing Authority
yes	UNIPUNE (Pune University)

Eligibility Criteria

Certification Qualifying Details

Candidates will have to fulfil one criterion for attaining the certification in Certification Programme on Financial Accounting, which is sitting for the qualifying examination. Their marks in both course assessment and end-term proctored examination will be considered for the same. The candidates need to score a minimum of 30 % in course assessment and 70% in the end term proctored exam to get the certificate.

What you will learn

Financial knowledge

Candidates pursuing the Certification Programme on Financial Accounting will learn this course from the point of view of a professional accountant and with expert course delivery. They will acquire insights on the fundamentals of accounting including-

Meaning and causes of depreciation accounting
Analysing the financial statements critically
Rectification of errors in tally statement
Statement and application of ratio analysis
Thorough understanding of Inland branches
Factors affecting depreciation in joint ventures
Basics of Accounting for Hire Purchase Transactions

Who it is for

AccountantFinancial PlannerFinancial AdvisorFinancial AnalystFinance Executive

Admission Details

The admission process for Certification Programme on Financial Accounting is temporarily inactive but will resume in the upcoming semester so learners will have to keep a check on the course link and then abide by the following procedure-

Step 1: Select “Join” https://onlinecourses.swayam2.ac.in/cec20_mg23/preview) on the course link (the option will be active once admission reopens)

Step 2: Fill in the requested information and tap on “Review details and join the course” at the bottom of the webpage after checking the entered details.

Step 3: You will be directed to your course dashboard where you can check assignments, modules and relevant announcements.

The Syllabus

Role of Finance in Business
Financial Accounting - Nature, Scope, Limitations,
Basic Concepts and Conventions
Accounting Standards - Meaning and Significance

GAAP
Accounting Process
Journal Entries
Profit and Loss Accounts
Balance Sheet

Tally System - Introduction and Importance, Tally Operations, Rectification of Errors,
Banking Reconciliation Statement - Introduction and Importance,
Preparation of Bank Reconciliation Statement

Consignments - Meaning and Features,
Accounts Treatment in the Books of the Consignor and Consignee,
Joint Ventures - Accounting Procedures Part - 1

Joint Ventures - Accounting Procedures Part - 2, Inland Branches,
Depreciation Accounting - Meaning and Causes,
Objects of Providing Depreciation and Factors Affecting Depreciation

Accounting Treatment including Provision for Depreciation Accounting,
Methods of Depreciation (Straight line Method and Diminishing Balance Method),
Introduction of Accounting for Hire Purchase Transactions,
Accounting for Hire Purchase Transactions - Operations

Partnership - Introduction, Types, Admission and Retirement,
Dissolution of Partnership Firms - Legal Position, Accounting for Simple Dissolution,
Analysis of Financial Statements

Common Size Balance Sheet
Introduction
Statement and Application of Ratio Analysis
Introduction and Application of Cash Flow Statement

Instructors

UNIPUNE (Pune University) Frequently Asked Questions (FAQ's)

1: Do learners have to observe any code of conduct while learning on SWAYAM?

Learners have to keep the following in mind-

Comply with basic laws like abstaining from IP infringement.
They are respectful to others.
Refrain from retaliating against any SWAYAM member.
Avoid injuring the person or property of any individual by acting maliciously.
Treat their peers and faculty fairly without engaging in harassment.

2: Are self-assessments included in the qualifying examination?

Self-assessments are only for evaluating a course taker's learning from the course, so they do not carry any weightage in the final examination. However, they are important as revision.

3: Can foreign students apply for a Certification Programme on Financial Accounting?

Students residing outside India can also enrol in this course and sit for the examination. But given the fact that the examination is conducted in offline/online mode only in India, such students will have to appear for the exam in India.

4: Is there a provision for re-examination?

An exam once missed cannot be retaken, candidates can also not apply again in the same course with the same ID, so they have to stay careful.

5: Which articles are forbidden in the examination centre?

Mobile phones, calculators, electronic diaries, electronic gadgets, watches, clipboards, log-tables and blank papers are forbidden.

6: When are the results for the exam released?

For the offline subjective exam, both result and the e-certificate is accessible in 5 weeks after the exam date while in case of the objective online exam, the above things can be checked within 2-3 weeks from the exam date.

7: Can a candidate get his certificate corrected in case of an error?

Yes, the candidate needs to send a screenshot of the error via mail to SWAYAM support team describing the error and within a stipulated time. If the error is found to be genuine and reported on time, another certificate will be registered at an additional cost of Rs. 200.

8: What is the required age limit to enroll for Certification Programme on Financial Accounting?

The learner must be at least 13 years or older to join this course.

9: How can candidates withdraw from the course?

There is no option as such for withdrawal. However, candidates can select "Unsubscribe from Announcement and Forum" on their Progress tab to stop receiving email notifications.

10: What to do if a learner has connectivity issues?

The videos can be downloaded or the transcript of the modules given right below each video can be downloaded, which can be done easily.