Executive (Finance and Accounts) Apprenticeship Course Syllabus

Course Title

Executive (Finance and Accounts) Apprenticeship Course

Course Code

EFA101

Description

This course, under the Apprenticeship Training Scheme (ATS), provides comprehensive training for finance and accounts executives, focusing on financial accounting, bookkeeping, taxation, and compliance with regulatory standards. Apprentices will gain hands-on experience in managing financial records, preparing financial statements, and using accounting software, preparing them for roles in corporate, banking, and service sectors. The course aligns with the National Apprenticeship Promotion Scheme (NAPS) and complies with the Apprentices Act, 1961.

Objectives

• Maintain accurate financial records and perform bookkeeping tasks efficiently.
• Prepare financial statements and reports in compliance with accounting standards.
• Process tax calculations and ensure compliance with GST and income tax regulations.
• Use accounting software to streamline financial operations and data management.

Schedule

The course spans 8 weeks, combining basic training and on-the-job practical training as per ATS guidelines. Each week focuses on specific skills essential for finance and accounts executives. Below is the detailed breakdown:

Week 1: Introduction to Finance and Accounting

Overview of finance and accounts roles, workplace ethics, accounting principles, and financial systems under ATS.

Week 2: Bookkeeping Fundamentals

Recording transactions, maintaining ledgers, and understanding double-entry bookkeeping.

Week 3: Financial Statements

Preparing balance sheets, income statements, and cash flow statements per Indian Accounting Standards (Ind AS).

Week 4: Taxation Basics

Understanding GST, TDS, and income tax calculations, and filing basic tax returns.

Week 5: Accounting Software

Using software like Tally, QuickBooks, or SAP for data entry, invoicing, and financial reporting.

Week 6: Budgeting and Financial Analysis

Assisting in budget preparation and performing basic financial analysis using ratios and trends.

Week 7: Compliance and Auditing

Ensuring compliance with financial regulations and assisting in internal audit processes.

Week 8: Final Project and Assessment

Completion of a comprehensive finance and accounts project and preparation for the All India Trade Test (AITT) under NCVT.

Assessment Methods

Apprentice performance is evaluated through a combination of practical, theoretical, and participatory components, preparing them for the National Apprenticeship Certificate (NAC):

• Weekly Assignments: 40%
• Midterm Project: 20%
• Final Project: 30%
• Participation and Attendance: 10%

Instructor

Prof. Rekha Sharma

Language

Available in: English

Status

Published

Additional Notes

Apprentices must be at least 14 years old and meet the minimum educational qualification (typically 12th grade passed or equivalent, preferably with a commerce background, as per trade requirements). The course includes basic training (20-25% of the program) and on-the-job training, with a stipend provided as per NAPS guidelines (e.g., Rs. 7700 per month for one-year ITI trade passed apprentices, as per Gazette notification dated 25th September 2019). Successful completion leads to the National Apprenticeship Certificate (NAC) upon passing the All India Trade Test (AITT), recognized for employment in government and private sectors. The training emphasizes accuracy in financial record-keeping and compliance with regulations, addressing the demand for skilled finance professionals in India’s corporate and banking sectors.