Syllabus Financial Accounting - (BB01001021) Total Credits L + T + (PR / 2) Assessment Pattern and Marks Total Marks C Theory Tutorial / Practical ESE (E) PA / CA (M) PA / CA (I) ESE (V) 4 70 30 50 0 150 Unit No. Content 1 INTRODUCTION OF ACCOUNTING Meaning and Definition of Accounts, Nature and scope of Accounts; Users of Accounting information, Branches of Accounting, Accounting Concepts and Conventions, Accounting Process; Accounting Terminology, Meaning and Importance of GAAP, Introduction to Indian Accounting Standard, Types of Transactions, Classification of Accounts, Rules of Debit and Credit and Accounting Equation. (Chapter - 1) JOURNALS, SUBSIDIARY BOOKS, LEDGER & POSTING AND TRIAL BALANCE Preparation of Journal Entries, Cash Book, Purchase Book, Sales Book, Purchase Return and Sales Return Book, Ledger and posting of Journal and Subsidiary Book, Trial Balance. (Chapter - 2) 2 PREPARATION OF FINAL ACCOUNTS Preparation of Final Accounts (Vertical) - Profit & Loss Account and Balance Sheet (with schedules) including Closing Entries and Adjustment Entries. FINANCIAL STATEMENT ANALYSIS TECHNIQUES Horizontal Analysis Vertical Analysis Trend Analysis Ratio Analysis. (Chapter - 3) 3 FINAL ACCOUNTS OF NON-PROFIT ORGANIZATION Final Accounts of Non-Profit Organization (Receipt-Payment Account, Income-Expenditure Statement and Balance Sheet). CASH FLOW STATEMENT Operating Activity, Financing Activity, Investing Activity, Preparation of Cash Flow Statement as per AS-3. (Chapter - 4) 4 VALUATION OF INVENTORY Meaning, Applicability, Measurement of Inventory, Methods of Inventory Valuation - FIFO, LIFO & WAC Methods. VALUATION OF SHARES : Need of valuation of Shares, Practical Sums on various Methods for valuation of Shares : Net Assets Method, Yield Method and Fair Value Method. (Chapter - 5) 5 Practical : Assignments should be given to prepare Final Accounts, Financial Statements Analysis of different companies, Cash Flow Statements and other topics of the syllabus. Students should select a particular firm of any industry, refer the notes below the financial statements and prepare the report about how accounting principles and above concepts applied to prepare the final accounts and valuation. Students should well-versed to analyze the financial performance of companies using above mentioned tools and techniques.
