Diploma in Financial Accounting & Taxation [DFAT] - AKB Institute of Finance & Management, Faridabad

  • Years 0 Years
  • Type Course Diploma
  • stream Commerce
  • Delivery Mode

The Diploma in Financial Accounting and Taxation (DFAT) is a graduate-level course that covers the core principles of accounting and taxation. This course is taught in English and is available in both the Fall and Spring terms. It focuses on advanced issues and topics in accounting and taxation, including the role of professional bodies, consolidated tax returns, income tax accrual work papers, and deferred taxes. The program is limited to Graduate level students and is offered every term.

This course builds upon ACC 5110 and covers advanced topics in financial reporting. It also incorporates concepts from other accounting courses and introduces topics in income taxes, pensions, leases, and disclosure issues. This course is only offered for Graduate level students, and it is not an undergraduate course. ACC 5110 is the prerequisite for the ACC 5110 class. The ACC 5110 elective is equivalent to the ACC 5110 course and is required for all graduates.

In addition to the basic courses, the DFAT program includes an internship during the work semester. The internship is not credited toward the degree, but it is an essential part of the course. In this course, students will be assigned to a cooperating business organization for a semester-long internship. The program is offered only in the School of Business Administration. A student will enroll in a full-time MBA program before they can complete the DFAT.

Benefits of Diploma in Financial Accounting and Taxation (DFAT)

The Diploma in Financial Accounting & Taxation (DFAT) provides a comprehensive understanding of federal income taxation. This course covers a range of topics, including capital asset transactions, property transactions, accounting periods, and the alternative minimum tax system. Students learn about the principles and practical applications of accounting and auditing. During the course, students develop critical reasoning and data analytics skills. They also engage in teamwork and written communication to improve their communication skills.

The Diploma in Financial Accounting & Taxation equips students with technical accounting systems. The goal of the program is to train students on par with MBAs and CAs. The program was developed to assist commerce graduates in pursuing careers in accounting. Top employers of the course include Adobe, Genpact, and Bajaj. During the course, students will learn the fundamentals of financial reporting and auditing, as well as the Goods and Services Tax.

The program offers a diverse portfolio of career opportunities for graduates of the degree. The curriculum of the program focuses on financial accounting and taxation, as well as the law and economics of government and business. Whether you want to pursue a career in public accounting or in the private sector, a DFAT program will provide you with the knowledge and experience you need to be successful.

Future Scope of Diploma in Financial Accounting and Taxation (DFAT)

The Diploma in Financial Accounting and Taxation (DFAT) is a one-year course offered at a number of institutes. This program prepares students for lucrative career profiles as accountants and tax law specialists. The programme emphasizes the business income of individuals and introduces business entities, including corporations and partnerships. The Diploma in Finance and Accountancy is also useful for those wishing to pursue careers in management and entry-level accounting.

The course includes the design of cost measurement systems, and the implementation of management controls. The course also examines new technologies and approaches related to big-data analytics. Students learn about cost-efficient cost-reduction techniques and how to monitor their performance and profitability. The course is taught by university-level faculty members. The program includes three credits in accounting, finance, and tax. This elective is offered both in fall and spring terms.

This program focuses on the fundamentals of financial reporting, financial analysis, and corporate finance. It also covers the application of accounting concepts to assess business units. The course covers various topics related to the design and development of financial reporting systems. The course also develops an understanding of financial reporting and investment decisions. The curriculum also teaches students how to evaluate the financial health of a business.

Career Opportunities and Job Prospects of Diploma in Financial Accounting and Taxation

The U.S. Department of Labor has listed several high-demand careers in finance and accounting. Assistant controllers prepare financial statements and forecast business activity. They also develop and implement internal policies and procedures. Those who complete this course will be well-equipped to work in any sector. This diploma is an excellent option for those looking for a higher-level career in accounting.

Upon graduation, you can seek entry-level positions with the federal government, state, or municipal government agencies. As a new hire, you can start out as staff accountants, junior auditors, or tax examiners. With experience, you can move up to management positions or senior positions. You can also become an internal auditor. As a financial auditor, you will conduct a thorough analysis of an organization's financial records. Your primary goal will be to determine whether the financial information that you have obtained is accurate and that there is no fraud or mismanagement.

Once you complete this course, you'll be able to enter the workforce. You can pursue a career in accounting as an attest accountant, forensic accountant, or tax preparer. There are also specialized programs available for those who already have work experience. For example, if you're interested in financial modeling, you can become a financial analyst in a nonprofit organization.

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