Learning Objectives:

• Understand the history, setting, and general framework of Industry 4.0, and its application areas.
• Understand the academic fields that support Industry 4.0, including automation, cloud computing, blockchain, and artificial intelligence.
• Analyze the state of Industry 4.0 today and its advances towards Industry 5.0.
• Understand the various business entities, including sole proprietorship, partnership, limited liability partnership, private limited company, public limited company, one person company, Hindu Undivided Family, and co-operative society.
• Acquire knowledge about computer systems, including operating systems, computer networks, internet, email, cloud-based data storage solutions, mobile computing, and cloud computing.
• Develop proficiency in using office suite applications, such as Microsoft Excel, Word, PowerPoint, Outlook, Teams, and Google Workspace.
• Understand the basics of accounting, accounting standards (GAAP, IFRS), accounting for assets and sales transactions, accounting for liabilities, equity, and purchase transactions, reconciliation, and financial statements
• Learn financial analysis techniques, including financial statement analysis, financial ratios, trend analysis, cash flow analysis, and financial forecasting.
• Understand taxation, including direct and indirect taxes, GST, tax planning, tax compliance, and reporting.
• Develop proficiency in using computerized accounting systems, such as Tally ERP 9, for tasks such as company setup, ledger and group maintenance, accounting and inventory entries, taxation and compliance, financial statement generation, backup and restore data, customizing reports and statements, and using Tally add-ons and third-party integrations.
• Acquire practical knowledge about GST through real-time simulation on GST portal.
• Learn data analytics, including data sources and collection, data cleaning and transformation, data visualization, and data interpretation, using Microsoft Excel.
• Develop proficiency in using Power BI for data visualization and reporting, including importing and cleaning data, creating visualizations, building dashboards, and sharing reports.
• Understand Enterprise Resource Planning, including ERP implementation, types of ERP, their pros and cons, and benefits.
• Learn about SAP Finance and Controls, including basic settings, master data, document control, posting control, clearing, parking documents, automatic payments, dunning program, correspondence, parallel accounting, ledger approach, financial closing overview and basic settings, financial statements, receivables and payables, accruals and deferrals, technical, organizational, and documentary closing activities, accounts approach, financial closing cockpit, asset transactions, periodic processing and valuation, information system, reporting requirements in financial, standard reports in financial and management accounting, SAP list viewer, drilldown reporting, and special general ledger transactions.
• Understand the cybersecurity landscape and its importance in enterprises, including organizational preparations, red team, blue team, cyber security strategy in business, growing cyber security threats, impact of cyber-attacks on businesses finances, reputation, operations, valuation, and staff.
• Develop project management skills, including recognizing core terminology, identifying concepts and terminology of project management planning, identifying project roles and responsibilities, identifying tools and systems used for or associated with project management, traditional plan-based methodologies, agile frameworks/methodologies, identifying attributes of a project management plan schedule, executing and controlling traditional plan-based projects, identifying attributes of plan iterations of a project, agile roles and responsibilities, identifying attributes of agile executing and controlling, and identifying attributes of closing a project.
• Develop a comprehensive understanding of entrepreneurship, including business planning, organizational structure, financial management, and scaling and growth strategies.
• Learn how to apply artificial intelligence and machine learning in accounting, including problem definition, data collection, processing, and engineering, as well as algorithm and model selection, application, integration, and deployment.
• Develop 21st century skills such as critical thinking, creativity and innovation, collaboration and cooperation, and lifelong learning.
• Understand the various applications of financial technology (FinTech) in India, including digital payments, cryptocurrencies, and blockchain, and analyze case studies of successful implementations.
• Develop soft skills and employability skills such as effective communication, presentation, time management, emotional intelligence, leadership, and workplace etiquette, as well as preparing for employment through role play and mock sessions.
• Understand professional codes of ethics for accountants, including standards of integrity and objectivity in financial reporting, confidentiality and data protection, ethical issues in financial auditing, whistleblowing and reporting ethical violations, and corporate social responsibility and sustainability in accounting.