Course:

SUBJECT

MODULE NO. UNIT - 1

(a) Theoretical Framework

1 Module 1.1 Accounting as an information systemand users of financial acc

2 Module 1.2 Qualitative characteristics of accounting information, function
3 Module 1.3 The nature of financial accounting principles, basic concepts a
4 Module 1.4 Financial accounting standards, IFRS and IND AS.

(b) Accounting Process

5 Module 1.5 Recording of business transaction in a journal

6 Module 1.6 Ledger posting
7 Module 1.8 Preparatiomn of Trial balance
8 Module 1.7 Preparation of profit & loss account and balance sheet ( only s

( c) Computerized Accounting Systems

9 Module 1.8 Creating a company, configure and features setting

10 Module 1.9 Creating accounting ledgers and groups, stock items and group
11 Module 1.10 Generating reports- cash book , ledger accounts, trial balance,
12 Module 1.11 Funds flow statement and cash flow statement
13 Module 1.12 Selecting and shutting a company. Backup and restore data

UNIT - 2 Business Income

14 Module 2.1 Measurement of business income - net income: the accountin

15 Module 2.2 Objectives of income measurement. Concept of revenue, reve
16 Module 2.3 The nature of depreciation, the accounting concept of deprec
17 Module 2.4 Methods of computing depreciation:straight line method and
18 Module 2.6 Inventories meaning, significamce of inventory valuation, inve
19 Module 2.7 methods of inventory valuation: FIFO, LIFO and weighted aver
20 Module 2.8 Preparation of financial statements of not for profit organizatio

UNIT - 3 Accounting for Hire Purchase and Installment System

21 Module 3.1 Calculation of interest, partial and full repossession
22 Module 3.2 Hire purchase trading (total cash price basis)
23 Module 3.3 Stock and debtors system. Concept of operating and financial

UNIT - 4 Accounting for Inland Branches

24 Module 4.1 Concept of dependent branches, debtors system, stock and de

25 Module 4.2 Branch final accounts system and whole sale basis system
26 Module 4.3 Independent branches and accounting treatment
27 Module 4.4 Important adjustment entries and preparation of consolidated

UNIT - 5 Accounting for Dissolution of the Partenrship firm

28 Module 5.1 Accounting of dissolution of the partnership firm including ins

29 Module 5.2 Sale to a limited company and piecemeal distribution
 B.Com (Hons)

Financial Accounting

ystemand users of financial accounting system

ccounting information, functions, advantages, limitations, branches and basis of accounting.
ting principles, basic concepts and conventions.
, IFRS and IND AS.

tion in a journal

ount and balance sheet ( only sole propreitor)

and features setting

d groups, stock items and groups, vouchers entry
, ledger accounts, trial balance, profit and loss account, balance sheet
h flow statement
any. Backup and restore data

me - net income: the accounting period, the continuity doctrine and matching concept
ment. Concept of revenue, revenue recognition principles, recognition of expenses.
e accounting concept of depreciation, factors in the measurement of depreciation
iation:straight line method and diminishing balance method. Disposal of depreciable assets.
mce of inventory valuation, inventory record systems
n: FIFO, LIFO and weighted average
ents of not for profit organizations
and full repossession
sh price basis)
cept of operating and financial lease

es, debtors system, stock and debtors system

nd whole sale basis system
ounting treatment
and preparation of consolidated profit and loss account and balance sheet

e partnership firm including insolvency of partners

piecemeal distribution