Course Overview
Advanced Accounting in P2P-O2R-R2R with GST using TallyPrime is designed to help you build practical accounting, business operations, compliance, and digital finance skills required to manage end-to-end business processes using TallyPrime.
Aligned with the NEP 2020 outcome-based education framework, the course combines conceptual learning with hands-on application and real-world business scenarios to help you develop industry-relevant skills.
You will learn to set up companies, manage charts of accounts, record day-to-day business transactions, maintain books of accounts, manage cash flow, perform financial reconciliations, and generate real-time financial reports and dashboards using TallyPrime.
The course builds your understanding of key business processes, including Procure-to-Pay (P2P), Order-to-Receipt (O2R/O2C), and Record-to-Report (R2R). You will also gain practical exposure to inventory management, purchase cost analysis, sales order and customer credit management, budgeting, variance analysis, and What-If Scenario Analysis.
You will further learn about Job Work and Job Costing, including material movement, production costs, project profitability, and operational performance, along with importing, exporting, and sharing business data through Excel, PDF, XML, ODBC, and integrated digital communication tools.
Additionally, the course covers GST compliance, including GST configuration, tax calculations, e-Invoicing, e-Way Bill generation, Invoice Management System (IMS), and GST return filing in TallyPrime. You will also gain exposure to role-based security, data management, and digital accounting practices relevant to accounting, finance, inventory, taxation, and business reporting responsibilities.
Why Choose This Course
Gain exposure to business processes and workflows including P2P, O2R/O2C, R2R, inventory management, GST compliance, and financial reporting to strengthen your professional capabilities and career readiness.
Learn to manage day-to-day accounting activities, maintain books of accounts, record business transactions, perform year-end reconciliations, and generate financial reports using TallyPrime.
Develop practical understanding through hands-on exercises covering purchasing, inventory management, sales operations, budgeting, Job Work, Job Costing, and GST-related business transactions.
Learn to generate and interpret Trial Balance, Balance Sheet, Profit & Loss Account, Ratio Analysis, KPI dashboards, and comparative reports to evaluate business performance.
Understand inventory valuation, batch tracking, warehouse replenishment, price management, and stock movement analysis to support efficient inventory control and operations.
Build knowledge of GST accounting, compliance requirements, return preparation, and transaction-level controls while understanding how taxation impacts business operations.
Develop practical skills across accounting, business processes, inventory management, GST, and reporting that can support your readiness for roles in accounting, finance, taxation, and business operations.
Skills You Will Gain
Learning Outcomes
By the end of this course, you will be able to:
- Understand fundamental accounting concepts, business structures, and the role of accounting in business operations.
- Create and configure a company in TallyPrime and manage the chart of accounts, ledgers, and accounting masters.
- Understand the Procure-to-Pay (P2P) process, including purchase requisition, purchase orders, goods receipt, purchase accounting, vendor payments, and purchase cost tracking.
- Manage the complete Order-to-Receipt (O2R/O2C) cycle, including quotations, sales orders, deliveries, invoicing, collections, receivables tracking, and customer credit management.
- Perform Record-to-Report (R2R) activities, including recording transactions, maintaining books of accounts, reconciling financial data, generating financial reports, defining Key Performance Indicators (KPIs), and analysing business performance using ratio analysis.
- Generate and analyse financial statements, including Trial Balance, Balance Sheet, Profit & Loss Account, Ratio Analysis, and other business reports to evaluate organisational performance.
- Monitor business performance using dashboards, KPIs, comparative reports, and real-time reporting tools available in TallyPrime.
- Perform year-end reconciliations to ensure the accuracy, completeness, and reliability of financial records.
- Import, export, and manage masters, transactions, and reports using Excel, PDF, XML, and other supported formats.
- Create budgets, analyse variances, and perform What-If Scenario Analysis to support business planning and decision-making.
- Manage inventory through stock valuation, batch and lot tracking, warehouse operations, replenishment planning, expiry management, and pricing strategies.
- Process outsourced production and Job Work transactions, including material movement, job order processing, cost estimation, and Job Work accounting.
- Apply Job Costing techniques to track project costs, allocate expenses, measure profitability, and analyse product or project performance.
- Apply GST concepts to business transactions, maintain GST-compliant records, and generate GST-related reports for statutory compliance.
- Use TallyPrime to manage accounting, taxation, inventory, reporting, and end-to-end business processes in a professional environment.
Course Syllabus
Explore the key modules covered in this credit course, from accounting fundamentals to GST compliance and financial reporting using TallyPrime.
| Module Name | Topic Name | Module-wise Training Hours | ||
|---|---|---|---|---|
| Theory | Practical | Total | ||
| Set up Financial Structure & Capital for Business Operations | Understanding Capital & Financial Structure | 2 | 4 | 6 |
| Recording of Business Day to Day Transactions | ||||
| Module Name | Topic Name | Module-wise Training Hours | ||
|---|---|---|---|---|
| Theory | Practical | Total | ||
| Record-to-Report (R2R) – Business Performance Reporting in TallyPrime | Generation and analysis of financial statements (Balance Sheet, P&L) | 1 | 2 | 3 |
| Management Information System (MIS) reporting | ||||
| Module Name | Topic Name | Module-wise Training Hours | ||
|---|---|---|---|---|
| Theory | Practical | Total | ||
| Export & Import Masters, Transactions, and Reports in Excel, PDF and XML | Export/import of masters such as ledgers, stock items, stock groups etc. | 1 | 2 | 3 |
| Module Name | Topic Name | Module-wise Training Hours | ||
|---|---|---|---|---|
| Theory | Practical | Total | ||
| Budgeting & “What-If” Scenario Analysis | Understanding Budgeting Concepts & Controls | 2 | 4 | 6 |
| “What-If” Scenario Planning for Decision-Making | ||||
| Module Name | Topic Name | Module-wise Training Hours | ||
|---|---|---|---|---|
| Theory | Practical | Total | ||
| Inventory Management & Control | Inventory Classification and Stock Management | 2 | 4 | 6 |
| Inventory Tracking, Batches, Godowns, Price Levels, and Price List | ||||
| Module Name | Topic Name | Module-wise Training Hours | ||
|---|---|---|---|---|
| Theory | Practical | Total | ||
| Procure-to-Pay (P2P) & Purchase Cost Analysis | Purchase Order Processing , Goods Receipt Note (GRN) and Purchase Return | 2 | 4 | 6 |
| Purchase Costing and Incidental Expenses Allocation | ||||
| Module Name | Topic Name | Module-wise Training Hours | ||
|---|---|---|---|---|
| Theory | Practical | Total | ||
| Order-to-Receipt (O2R) – Sales Order & Credit Management | Sales Order Processing and Delivery Management | 2 | 4 | 6 |
| Return Management (Sales Returns) | ||||
| Module Name | Topic Name | Module-wise Training Hours | ||
|---|---|---|---|---|
| Theory | Practical | Total | ||
| Outsourced Production & Material Handling – Job Work | Job Work Process and Documentation | 2 | 5 | 7 |
| Material Handling and Movement Tracking | ||||
| Module Name | Topic Name | Module-wise Training Hours | ||
|---|---|---|---|---|
| Theory | Practical | Total | ||
| Job Costing & Product Profitability – Manufacturing to Sales | Job Costing and Work-in-Progress Tracking | 2 | 5 | 7 |
| Product Profitability and Manufacturing-to-Sales Analysis | ||||
| Module Name | Topic Name | Module-wise Training Hours | ||
|---|---|---|---|---|
| Theory | Practical | Total | ||
| GST Compliance & e-Return Filing | GST Structure, Registration, and Compliance Framework | 3 | 7 | 10 |
| GST Return Preparation, Reconciliation, and e-Filing | ||||
Assessment Structure
The assessment for this course is conducted online and is designed to evaluate both theoretical understanding and practical knowledge. The total assessment score is 100 marks, divided into two sections.
| Assessment Detail | Information |
|---|---|
| Mode of Assessment | Online |
| Type of Questions | Multiple Choice Questions (MCQs) |
| Total Number of Questions | 44 |
| Total Marks | 100 |
| Duration | 90 Minutes |
| Skill Test | Yes |
| Passing Percentage | 50% |
Assessment Breakdown
| Section | Assessment Type | Questions | Marks | Duration |
|---|---|---|---|---|
| Section A | Theory-Based Assessment | 30 Questions | 30 Marks | 30 Minutes |
| Section B | Practical-Based Assessment | 14 Questions | 70 Marks | 60 Minutes |
Section A focuses on knowledge-based evaluation. It consists of 30 multiple-choice questions, with 1 mark assigned to each question, making a total of 30 marks. The duration for this section is 30 minutes.
Section B evaluates practical understanding through scenario-based multiple-choice questions. This section includes 14 questions, with 5 marks assigned to each question, making a total of 70 marks. The duration for this section is 60 minutes.
Grading System
| Grade | Score Range |
|---|---|
| O | 90% and above |
| A+ | 80% to 89% |
| A | 70% to 79% |
| B+ | 60% to 69% |
| B | 50% to 59% |
Certification & Credits
Upon successfully completing the Advanced Accounting in P2P-O2R-R2R with GST using TallyPrime course and securing 50% or above in the assessment, you will earn 2 credits. These credits are stored in your Academic Bank of Credits (ABC) account.
You will also receive:
- Certificate of Merit from Tally Education
- Certificate for credits from MSU (Medhavi Skills University)
Certificate of Merit from Tally Education
Certificate for credits from MSU
(Medhavi Skills
University)
Recognised Credit-Based Learning
This course is aligned with national education and skill development frameworks to ensure structured, recognised, and industry-relevant learning.
Framework Alignment
National Education Policy (NEP) 2020: Supports outcome-based learning with a focus on practical skill development and academic recognition.
National Credit Framework (NCrF): Enables recognition of learning through credit-based progression across academic, vocational, and professional education pathways.
National Higher Education Qualifications Framework (NHEQF): Supports a structured and standardised learning approach and recognised credits across academic, vocational, and professional education pathways.
National Skills Qualifications Framework (NSQF) Level 5: Aligns the course with nationally recognised skill competency standards.
National Occupational Standards (NOS): Helps ensure industry-relevant learning for roles in Accounting, Inventory, and GST Compliance.
Quick Course Credit Details
| Detail | Information |
|---|---|
| Skill Sector | BFSI |
| NSQF Level | 5 |
| Credits | 2 |
| Learning Hours | 60 |
Career Opportunities
Build practical skills across accounting, inventory, GST compliance, and business operations that can prepare you for roles across finance and business functions.
This course is aligned with the BFSI sector and supports roles related to accounting, inventory, and GST compliance.
Explore Career Opportunities Such As:
Industries Where You Can Explore Opportunitie
Who Is This Course Suitable For?
This course is suitable for learners who want to build practical skills across accounting, finance, inventory, GST, and business operations.
It is especially suitable for:
- Students from commerce or non-commerce backgrounds
- Graduates or working professionals in accounting, finance, or business operations
- Entrepreneurs, small business owners, and freelancers
Frequently Asked Questions (FAQs)
Anyone who has completed 12th grade or a Pre-University Course (PUC) is eligible to enroll in this course.
This course is especially suitable for learners who want to build a successful career in accounting, inventory, or taxation, as well as aspiring entrepreneurs looking to develop practical skills relevant to these areas.
Yes. Beginners can build practical skills in managing end-to-end business processes such as Procure-to-Pay (P2P), Order-to-Receipt (O2R), and Record-to-Report (R2R), along with Job Work, Manufacturing Costing, and Inventory Control.
Professionals can strengthen their existing knowledge and upgrade their skills to align with current industry requirements.
No. The course starts with basic accounting concepts and core business processes such as Procure-to-Pay (P2P), Order-to-Receipt (O2R), and Record-to-Report (R2R) and gradually progresses to practical training in TallyPrime and GST.
This step-by-step approach makes it suitable for beginners as well as learners who want to strengthen their accounting skills.
Yes. The course includes practical exercises and hands-on activities that allow you to work on real-world accounting scenarios, GST calculations, and practical tasks using TallyPrime.
After completing this course, you can explore opportunities across accounting, inventory, and GST compliance, including roles such as Accounts Executive, Accounts Assistant, Financial Operations Executive, and GST Tax Practitioner.
The course content can be accessed through the LMS portal, where you can view course materials and other learning resources throughout the course.
The total duration of the Advanced Accounting in P2P-O2R-R2R with GST using TallyPrime course is 60 notional learning hours.
Yes. This course is aligned with the National Education Policy (NEP) 2020, National Credit Framework (NCrF), National Higher Education Qualifications Framework (NHEQF), and National Skills Qualifications Framework (NSQF) Level 5.
The course is also mapped to National Occupational Standards (NOS) and aligned with the BFSI sector, supporting structured and industry-relevant learning.
Yes. The course covers core accounting principles and builds practical skills in managing end-to-end business processes such as Procure-to-Pay (P2P), Order-to-Receipt (O2R), and Record-to-Report (R2R).
It also covers Job Work, Manufacturing Costing, Inventory Control, and GST compliance using TallyPrime, helping you build practical skills relevant to real-world accounting and business operations.
Yes. You can access course content and supporting learning resources through the LMS portal throughout the course.
Upon successful completion of the course and securing 50% or above in the assessment, you will earn 2 credits and receive:
- Certificate of Merit from Tally Education
- Certificate for credits from MSU (Medhavi Skills University)
The Academic Bank of Credits (ABC) is a secure digital system that allows learners to store, track, and manage their academic credits in one place.
Once you successfully complete the course and earn credits, they are reflected in your ABC account, making it easier to track your academic progress, manage credits, and support verification across recognised institutions.
You can create an Academic Bank of Credits (ABC) account through the DigiLocker platform by generating your APAAR ID (Automated Permanent Academic Account Registry).
Guide to Generating Your APAAR ID
