NIFA - National Institute of Finance And Accounts
 
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Courses at NIFA
Trimester - 3
Module-9 : Banking, Investment and Insurance
Fundamental of Banking, Investment and Insurance which includes, Banking Procedures, Project Financing, Investment Option, Online Share Trading.
 
. BankingFundamental
. Practical over view of Banking,Instruments and Documents(cheques,Pay-in-slip,A/cOpeningetc.)
. Preparation of Loan Project
. Introduction of Investments,available investment option with important terminology
. Concept of Portfolio Management and its advantages
. Types of Market & Provision related to StockMarket
. DEMAT Account Opening & Itsworking
. Online Share trading
. Insurance sector Basics
. Life Insurance fundamentals:How to choose a good policy
. General Insurance Fundamentals
. AgencyLaw : Working as an Insurance advisor
Module-10 : Costing and Management Techniques
Fundamental of Costing with managerial techniques
 
. Introduction of Cost,Costing and Cost Accounting with its uses,advantages and disadvantages
. Cost Sheet
. Meaning and types of Costingincluding Concepts of Fixedcost, Variable Cost & Semi Variable cost.
. Marginal Costing including Break even Point concept and P/VRatio
. Meaning of Standard Costing and Budget with various related concepts
. Cash Flow Statement
. Ratio Analysis
. Concept of Decision making and its use
. Working Capital Management
Module-11: Inventory and Logistics Management
Concepts of Logistics management, inventory management & control, supply chain with import and export procedure.
 
. Meaning of logistics management and its importance for an organization.
. Area of logistics management with its important terminology
. Meaning of goods and procedure for its procurement and storing with labeling of material
. Meaning of Inventory, Various cost related to inventory and concept of Inventory management
. Level of stock- Maximum level, minimum level, average level, Reorder level, etc.
. Concept of Re ordering and with economic order quantity
. Supply of material- Quotation, Sales order, Packing, Transportation and accounting
. Goods delivery - Domestic & International
. Import & Export Procedure with its documentation.
Module -12 : Auditing
Meaning and need of auditing with various concepts related to topics
 
. Meaning of Auditing & auditor with its use and need
. Various concepts related to internal Control
. Concepts related to internal audit
. Concepts related to Statutory audit
 
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