Accounting

Hi,
The central government has created an all-India cadre known as Indian Cost Accounts Service, at par with class I services of the central government to advise the government on various fiscal matters. A Central Cost Accounts (CCA) pool was set up in 1961 and in 1978. The pool was converted into Indian Cost Accounts Service, which has been organised on the pattern of Participating Officers Scheme.
Out of 146 sanctioned duty posts in the service, 38 are in the office of the Chief Adviser Cost and the remaining posts are in various Ministries/Departments. Recruitment to the service is made through UPSC at class I level i.e., Assistant Director (Cost), and only Professional Cost/Chartered Accountants are recruited to the service.
Chief Adviser (Cost) is the cadre controller and Head of the Indian Cost Accounts Service. Office of Chief Adviser Cost is the Headquarter of the Indian Cost Accounts Service and deals with matters relating to the cadre administration, including training requirements of the officers for continuous upgradation of their knowledge and skills. The officers perform special functions themselves and do not have support of Group II officers like other finance services.

1. One year Diploma in accounting finance taxation banking and payroll management course.
2. Diploma in financial management.
3. Diploma in accounting and auditing Diploma in taxation and Diploma in accountancy
4. Chhattisgarh University - Diploma in accounting.
5. Chhattisgarh University - Diploma in audit and control.
6. Chhattisgarh University - Diploma in financial decision and analysis.
7. Davangere University - Diploma in accounting and taxation.
8. Dr. Babasaheb Ambedkar Open University - Diploma in advance accounting.
9. Henry Baker College, Kottayam - Certificate course in accounting package-Tally.
10. TSF Institute Computer Education - Diploma in accounting through Tally.
11. University of Mumbai - Diploma in tax procedure and practice.
12. University of Mumbai - Diploma course in tax procedure and practice.
13. University of Pune - Post graduate Diploma in accountancy.

Financial accounting:
Financial accounting is mostly known as accrual-based accounting. Under the accrual method, companies record sales revenues and purchase expenses, when they are earned and incurred, regardless of whether cash from sales has been collected and cash for purchases has been paid. To determine a sale or purchase transaction date for recording, companies need to ascertain the completeness of a sale or purchase. Unfinished delivery of goods or services and partially receiving from a purchase don't account for an earned revenue and incurred expense. Recording doesn't take place until the completion of the sale or purchase orders.
Tax accounting:
Tax accounting often is referred to as cash-based accounting, and thus focuses primarily on actual cash receipts and cash payments, rather than their related sale or purchase transactions. Companies don't record a sale or purchase transaction at the time of the transaction until cash is received or paid later. Small businesses with annual sales of $5 million or less may elect to use the tax accounting to help them better manage their cash positions, which hold more significance to a small business's survival than a larger company.