With the rising competition and professionalism in the corporate market, a specialized job-oriented course has become the need of every job seeker. The term BAT has become one of the trendiest topics in the market. In this article, we will learn about the term BAT and also explore what the business accounting and taxation course eligibility criteria are?
What is Meant by Business Accounting and Taxation?
The process of systematically analyzing and interpreting data and finally presenting them in a proper way through tally and charts is known as Business Accounting. Accounting has always been one of the integral departments of any company as the flow of money, revenue, losses, etc. are all part of it.
The process dealing with collecting money from various sectors to help the active governments run public sectors and departments like schools, hospitals, infrastructure, etc. is known as taxation. A Taxation course helps the learner get well acquainted with the various taxes being charged throughout the country and the execution of the taxation process at every level.
The acronym BAT is used for Business Accounting and Taxation Course. It is an important course that helps the learner to understand the nuances of the functioning of the economic sector and the financial important details that form the core of any industry. The major business accounting and taxation course eligibility criteria for any aspiring candidate are to hold a commerce background strictly.
The Different Types of Taxes Practiced in India
- Direct Tax
As the name suggests, direct taxes are the type of taxes that are directly paid off by the citizen to the government. The taxes which are included in Direct Tax are Income Tax, Property Tax, Gift Tax, etc. These types of taxes are non-transferrable in nature and must be paid by the citizen directly to the government.
- Indirect Tax
As the name suggests, indirect tax is the kind of tax which are not levied directly on an individual. These types of taxes are generally levied on goods and services and the entity purchasing that specific goods or service is liable for the payment of the tax. A clear difference between the direct and indirect tax is that, in the case of direct tax, the tax is directly levied from the income of the person whereas in the case of the indirect person the tax is levied on every citizen purchasing the product.
Direct tax is directly proportional to the income generated by the person. Therefore, we can conclude that the direct taxes are individual-specific in nature. However, in the case of indirect taxes, the taxes are always mass scaled taxes. Therefore, there is no differentiation taking place between people or entities involved.
Anyone who is purchasing or consuming a specific good or service is liable for the payment of tax. In the early days, up to 2017, India used to have around 7 different types of indirect taxes namely: Service Tax, Value Added Tax, Excise Tax, etc. In July 2017, a game-changer was brought by the government of India to the Indian market called GST.
GST is an acronym for Goods and Service Tax, and it serves as an umbrella term for all kinds of indirect taxes. GST was bought to the Indian market with the purpose of providing the Indian citizens with relief from the hassles of paying different taxes on different levels of purchase.
Value Added Tax, Service Tax, Excise duty, Customs, and all of these types of taxes became ineffective immediately after the introduction of GST. GST can be divided into 3 broad categories: IGST – Referring to Goods and Service Tax, where the taxes are collected in an integrated manner so that later on they can be distributed to the state and the center.
The second is CGST (Central Goods and Service Tax) in which the tax is collected on a particular service and the tax is later directly transferred to the center for the effective functioning of offices. The third is the SGST (State Goods and Services Tax) in which the tax is collected and transferred to the state directly.
This tax is used for the smooth functioning of the state functionaries. The difference between the direct tax, indirect tax, and good and services tax maybe not be clear to the laymen. But anyone who is interested in this field has to attain a detailed knowledge about these terms and their implementation as well as execution of them on each level in the country.
Although practical skills are always considered more important than theoretical knowledge in this field. But the theoretical knowledge becomes the foundation basis of practical experience. This knowledge is the very reason why students trying to make a career in business accounting and taxation take the aid of courses.
The Institutes That Offer Business Accounting and Taxation Courses Are as Follows:
1. IIM Skills
IIM Skills is considered one of the best online platforms in India. Its main focus is the provision of quality education to all its students. Their aim is to provide practical knowledge which can aid students who are seeking jobs. The BAT course provided by IIM Skills is exhaustive and is explicitly designed by well-trained industry experts with years of knowledge and professional experience.
The course offered is a tool-based course with practical learning where the students are taught and provided mentorship by knowledgeable chartered accountants. IIM Skills’ business accounting and taxation course eligibility include a degree in commerce or related field, basic computers, and communication skills.
It also offers students lifetime access to live classes and recording with internship opportunities. It even offers 100% interview support. The duration of the course is for the time period of four months. The course is available in online mode for the students.
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Edupristine was established in 2008. It has grabbed a leading spot when it comes to the provision of different accounting courses. The main target of the institute is the provision of practical knowledge with the use of case studies along with various accounting tools.
EduPristine’s business accounting and taxation course eligibility have been listed for the candidate to be having a commerce background in his academic profile. The course has a duration of a minimum of two months. The course is available in both online and classroom modes.
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3. National Institute of Financial Markets
National Institute of Financial Market is known as NIFM which is one of the premier institutes that have as many as 15 centers across India. They have adapted their institute’s learning method as live projects that help in uplifting the knowledge of the students. They also promise to provide their students with good placement opportunities.
NIFM’s business accounting and taxation course eligibility have been listed for the students as a minimum intermediary degree or graduation with prior knowledge of the MS Office, the internet, and the computer. The course has a duration of over six months and it is available in the classroom mode.
4. APG Learning
APG learning has been established in 2013. The central aim of the institute is to educate students while also ensuring stable economic development. It has a range of professional courses which are generally available for both long and short-term courses.
They provide a number of seminars and workshops and it gives a wide reach to the students as they have over 100,000 alumni worldwide. APG Learning’s business accounting and taxation course eligibility is either an academic background in commerce or a minimum of one year of work experience for a non-commerce student. It is available to its students in the online mode.
5. Keerti Institute
The institute aims the provision skill-based education to young job seekers. The institute holds a firm belief that a conventional college degree is not sufficient enough to educate the student and make the student job-ready with all required professional skills and knowledge.
Though theoretical knowledge is the basis of practical knowledge, only theoretical knowledge is not enough to fill in the gap created by no practical experience. Keerti Institute’s business accounting and taxation course eligibility are students who are from a commerce background. The duration of the course is around six months. The course is offered in online mode.
6. Tezpur University
Tezpur University is one of the central universities in India. It is located in northeast India, Assam. The aim of the department founded was the provision of professional skills and knowledge about the industry so that students can be job-ready. The University also provides a certificate for students who have cleared the examination conducted by the university at the end of the course.
The aim of the course is to help students gain practical knowledge and experience in taxation systems and revenue generation. The faculty is a team of trained experts and professors. Tezpur University’s business accounting and taxation course eligibility are students from commerce backgrounds in their academic profile.
Finprov has been founded by seasoned chartered accountants. It has finally become one of the leading providers of learning courses in the finance and accounting sector. Finprov provides two courses for BAT. The first is a certification course and while the other course is a post-graduate diploma course.
The faculty is a team of training experts. They focus on the practical aspect and practical learning of students in the course. Finprov’s business accounting and taxation course eligibility is academic background in the commerce field. The duration of the course is one year and it is available in hybrid mode.
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8. Institute of Professional Accountants
Institute of Professional Accountants is one the leading institutes providing freshers opportunities to upskill themselves. The faculty is a team of training experts with practical learning as their expertise. Institute of Professional Accountants’ business accounting and taxation course eligibility is for students with a background in commerce. The duration of this course is a minimum of twelve months. It is available for the students in both online and classroom modes.
9. Indian School of Technology and Management
Indian School of Technology and Management believes in the provision of superior quality of education for its students. They focus on the overall personality development of their candidates. The motive is to upskill students and impart the knowledge required in the current job market. Its business accounting and taxation course eligibility are for students who have a background in the commerce stream.
10. The Institute of Computer Accountants
ICA Edu Skills is one of India’s leading training and skill development institutes. It holds specialization in subjects like accounts, finance, taxation, and other job-oriented courses. Their aim is to make their students market-ready. Its mission is to minimize unemployability in India. The institute of computer accountants’ business accounting and taxation course eligibility is for students with an academic background in the commerce field.
11. Henry Harvin
It has been established in the year 2013. The sole motive of the institute is to provide professional skill-based knowledge to its students. The institute has its centers in Delhi as well as san Francisco. Their aim is to provide skills to freshers who are willing to be a part of the professional competitive industry.
They have a list of courses that are in demand because of the new digital new age. The courses are exclusively structured and organized with the main goal of providing jobs to the students successively. It has become one of the leading digital institutes in India.
It even upskills the students with the latest programs and industry knowledge. Henry Harvin’s business accounting and taxation course eligibility have been mentioned as students from commerce background or non-commerce background students with good comprehension skills.
What Are the Career Opportunities Available After Completing the Business Accounting and Taxation Course?
Any aspirant who has successfully completed the business accounting and taxation course are eligible for various posts in the corporate sector like an accounting assistant, accounting supervisor, accounting manager, senior accountant, junior accountant, auditing assistant, tax assistant, and tax manager.
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Scope of the Course
This course is exclusively beneficial for the aspirants who are willing to enter the corporate market that deals with business, finance, and accounting. All the students from the commerce stream and the students with a similar stream are able to enjoy the benefits of the course.
Anyone who is striving to enter the banking sector as well as those who are trying to enter into taxation industry would be able to draw benefits from it. In this advanced age with advancing technology a lot of new types of jobs have made it to the market. All these courses have paved the way for new jobs which have increased job opportunities for millennials.
All the courses that have been offered by the above institutes provide the candidates with course completion certificates after the student has cleared the course end examination. All the above institutions offer internship opportunities along with support with job placements.
Thus, a given advantage for anyone pursuing the course is the job opportunities with decent packages. Due to the increase in awareness of finance accounting and taxes the scope of a job after the business accounting and taxation course is widely increasing. All businesses big and small alike have learned the importance of account keeping, therefore, increasing the job opportunities related to the same.
1. How can I enroll myself in BAT courses?
Once you are certain about the course you wish to enroll in, you can simply head over to their website and get yourself enrolled in easy steps. The BAT courses are intended to be approachable to everyone who is interested. The only requirement is to have a Bachelor’s degree in Commerce field. This ensures a complete fundamental understanding of the specialization you will choose in BAT courses.
2. Which tools are required during the courses?
Apart from Microsoft Office tools. These tools are not absolutely mandatory, but they are required to make your growth process smoother. The proficiency with these tools adds up extra credibility to your profile.
3. Is doing a course in BAT necessary to crack a job interview?
It is never a compulsion that a person has to do a course to earn themselves a position, but the completion of these courses would only enhance the credibility of their skills. If a person is serious about investing in their self-growth and skillset and they have enough space for pursuing a course then one should definitely consider it too. You may have a perfect profile, but getting a job is tough without enough exposure. Therefore, it is concluded that these courses will also help you brush up and revise your basics.
4. Which other skills might help me to become a good technical writer with this course?
You must possess a strong affinity for writing and proofreading tasks, and you need to know to account very well. You must be good at editing and managing the space and be creative with strategizing and planning. If you like simplifying things and making them easy to comprehend is your skill then it will be an advantage to you.
We can conclude that the basic eligibility criteria for any business and accounting course are academic background in the field of commerce. However, some private institutions do not have such eligibility criteria. Some of the educational institutions have other criteria like the candidate should be well versed with the internet, MS Office, and computer.