iti 4 April 2025
Finance Executive

ITI Finance Executive Trade Syllabus (English)

The ITI "Finance Executive" trade is a one-year vocational training program under the Craftsman Training Scheme (CTS), governed by the National Council for Vocational Training (NCVT). This course equips trainees with skills in financial accounting, bookkeeping, taxation, banking procedures, and financial documentation to assist organizations in managing their finances effectively. The syllabus integrates theoretical knowledge, practical financial operations, and employability skills to prepare students for roles such as finance assistants, accounts clerks, tax assistants, or banking support staff in businesses, accounting firms, banks, or as self-employed professionals offering financial services.

Course Overview

  • Duration: 1 year (2 semesters, each 6 months)
  • NSQF Level: Level 4
  • Eligibility: Minimum 10th grade pass with Mathematics (or equivalent)
  • Objective: To train individuals in financial record-keeping, compliance with tax regulations, banking operations, and basic financial analysis to support organizational financial management.

Detailed Syllabus Breakdown (English)

1. Trade Theory (Theoretical Knowledge)

Covers foundational concepts in finance, accounting, taxation, and banking.

  • Semester 1
    • Introduction to Finance and Accounting
      • Overview of financial management: scope, importance, career opportunities.
      • Role of a finance executive: record-keeping, financial reporting, compliance.
      • Basic accounting concepts: assets, liabilities, equity, revenue, expenses.
    • Bookkeeping Fundamentals
      • Double-entry system: debit, credit, ledger entries.
      • Books of accounts: journal, ledger, cash book, trial balance.
      • Accounting standards: Indian Accounting Standards (Ind AS), GAAP basics.
    • Financial Transactions
      • Types of transactions: cash, credit, barter.
      • Vouchers: preparation of payment, receipt, journal vouchers.
      • Bills and invoices: formats, verification, recording.
    • Banking Basics
      • Banking system: types of banks (commercial, cooperative, regional).
      • Bank accounts: savings, current, fixed deposit, recurring deposit.
      • Banking instruments: cheques, demand drafts, NEFT, RTGS.
    • Safety and Compliance
      • Workplace safety: handling financial documents, data security.
      • Personal hygiene: maintaining clean workstations, organized records.
      • Ethical practices: confidentiality, fraud prevention, audit compliance.
    • Computerized Accounting
      • Accounting software: Tally, QuickBooks – features, uses.
      • Data entry: recording transactions, generating reports.
      • Backup and security: protecting financial data, cloud storage basics.
  • Semester 2
    • Advanced Accounting
      • Final accounts: preparation of profit & loss account, balance sheet.
      • Depreciation: methods (straight line, reducing balance), calculations.
      • Reconciliation: bank reconciliation statement, ledger balancing.
    • Taxation
      • Direct taxes: Income Tax – slabs, exemptions, TDS basics.
      • Indirect taxes: GST – structure, rates, input tax credit, filing returns.
      • Tax compliance: e-filing, challan preparation, deadlines.
    • Cost and Management Accounting
      • Cost concepts: fixed, variable, direct, indirect costs.
      • Budgeting: types (cash, sales, production), preparation.
      • Break-even analysis: calculating break-even point, margin of safety.
    • Banking Operations
      • Loan processing: types (personal, home, business), documentation.
      • KYC norms: verification, compliance requirements.
      • Digital banking: UPI, mobile banking, internet banking operations.
    • Financial Analysis Basics
      • Financial statements: reading income statements, balance sheets.
      • Ratios: liquidity, profitability, solvency ratios – calculations, interpretation.
      • Cash flow: understanding inflows, outflows, cash flow statements.
    • Professional Skills
      • Entrepreneurship: starting a bookkeeping or tax consultancy service.
      • Communication: liaising with clients, auditors, tax authorities.
      • Industry trends: fintech, blockchain in finance, automation in accounting.

2. Trade Practical (Hands-On Skills)

Focuses on practical financial operations, accounting, and documentation.

  • Semester 1
    • Bookkeeping Practice
      • Preparing journal entries: recording cash, credit transactions.
      • Maintaining ledgers: posting entries, balancing accounts.
      • Preparing cash book: single column, double column, petty cash book.
    • Voucher and Invoice Handling
      • Creating vouchers: payment, receipt, contra vouchers.
      • Verifying invoices: checking details, matching with purchase orders.
      • Filing documents: organizing bills, receipts systematically.
    • Banking Operations Practice
      • Filling banking forms: account opening, cheque requisition, deposit slips.
      • Preparing cheques: writing, endorsing, crossing cheques.
      • Simulating transactions: NEFT, RTGS, demand draft issuance.
    • Computerized Accounting
      • Using Tally: creating company profiles, entering transactions.
      • Generating reports: trial balance, daybook, ledger summaries.
      • Backing up data: saving files, securing financial records.
    • Safety and Ethics Practice
      • Securing documents: locking files, using passwords for software.
      • Handling cash: maintaining petty cash, reconciling receipts.
      • Ethical scenarios: practicing confidentiality, avoiding data leaks.
    • Project Work
      • Preparing a mock company’s books: journal, ledger, trial balance.
      • Documenting transactions: vouchers, invoices for a small business.
  • Semester 2
    • Advanced Accounting Practice
      • Preparing final accounts: trading account, profit & loss, balance sheet.
      • Calculating depreciation: applying straight line, reducing balance methods.
      • Reconciling accounts: preparing bank reconciliation statements.
    • Taxation Practice
      • Calculating TDS: deducting tax, preparing TDS challans.
      • Filing GST returns: entering invoices, claiming input tax credit.
      • E-filing practice: simulating income tax, GST return submissions.
    • Costing and Budgeting
      • Preparing budgets: cash budget, sales budget for mock scenarios.
      • Calculating costs: determining material, labor, overhead costs.
      • Break-even analysis: computing break-even point for a product.
    • Banking and Financial Transactions
      • Processing loans: preparing mock loan applications, verifying documents.
      • KYC verification: checking IDs, address proofs in simulations.
      • Digital banking: performing UPI transactions, mobile banking setups.
    • Financial Analysis Practice
      • Analyzing statements: interpreting mock balance sheets, income statements.
      • Calculating ratios: computing current ratio, debt-equity ratio.
      • Preparing cash flow: tracking inflows, outflows for a mock business.
    • Project Work
      • Managing finances for a mock organization: full accounting cycle, tax filing.
      • Presenting a portfolio: including ledgers, tax returns, financial reports.

3. Workshop Calculation and Science

Provides mathematical and scientific support for financial tasks.

  • Semester 1
    • Arithmetic: calculating interest, discounts, ledger balances.
    • Measurements: converting currencies, percentages, tax rates.
    • Science: basics of data security, encryption for financial systems.
  • Semester 2
    • Calculations: computing depreciation, break-even points, ratios.
    • Statistics: analyzing financial data, averages, trends.
    • Science: principles of fintech, digital transaction security.

4. Engineering Drawing

Focuses on diagrammatic representation for financial processes (optional, minimal focus).

  • Semester 1: Sketching flowcharts for accounting processes, transaction cycles.
  • Semester 2: Preparing charts for budgeting, financial analysis, tax workflows.

5. Employability Skills

Enhances job readiness and soft skills.

  • Semester 1
    • Communication skills: drafting emails, reporting to supervisors.
    • Time management: prioritizing accounting tasks, meeting deadlines.
    • Basic IT skills: using Excel, accounting software, email platforms.
  • Semester 2
    • Entrepreneurship: planning a financial consultancy or bookkeeping service.
    • Teamwork: collaborating with accountants, auditors, bankers.
    • Problem-solving: resolving discrepancies in accounts, tax issues.

Assessment and Certification

  • Examinations: Conducted semester-wise with theoretical and practical components.
  • Certification: Successful candidates receive the National Trade Certificate (NTC) from NCVT, recognized nationally and internationally.
  • Evaluation: Based on accounting accuracy, tax compliance, banking operations, and project work.

Career Opportunities

  • Employment: Finance assistant, accounts clerk, tax assistant, banking support staff in businesses, accounting firms, or banks.
  • Self-Employment: Starting a bookkeeping service, tax consultancy, or freelance financial support.
  • Further Studies: Diploma in Accounting, B.Com, or certifications like Tally, GST Practitioner.

Note

  • This syllabus aligns with the latest NCVT guidelines and may vary slightly based on institutional or state-specific requirements.
  • For the most current version, refer to the Directorate General of Training (DGT) or consult your local ITI.

 

Trade Type

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