FYBMS 2014-15 : Introduction to Financial Accounts Syllabus


0

2. UBMSFSI.2 – Introduction to Financial Accounts

 

[50 lectures: 3 Credit]

 

The objectives of the course are:

 

  • To understand and apply the theoretical aspects of accounting methods used for collecting, recording and reporting financial information.

 

  • To analyze and interpret the financial environment in which accounting information is used in managing a business;

 

  • To apply accounting and financial management decision-making techniques to practical situations that are likely to be encountered by a manager.

 

UNIT TITLE NO. OF
    LECTURES
     
Unit 1 Meaning and Scope of Accounting: Need and 10
  development, definition: Book-Keeping and accounting,  
  Persons interested in accounting, Branches of accounting,  
  Objectives of accounting.  
  Accounting principles: Introductions to Concepts and  
   

 

 

Introduction to Accounting Standards: (Meaning and Scope)

 

  • AS 1 : Disclosure to Accounting Policies

 

  • AS 6: Depreciation Accounting.

 

  • AS 9: Revenue Recognition.

 

  • AS 10: Accounting For Fixed Assets.

 

International Financial Reporting

 

Standards(IFRS):

 

  • Introduction to IFRS

 

  • IAS-1:Presenttion of Financial Statements(Introductory Knowledge)

 

  • IAS-2:Inventories (Introductory Knowledge)

 

  Accounting In Computerized Environment  
  (Introduction , Features and application in various areas of  
  Accounting)  
     
Unit 2
  •   Accounting transactions: Accounting cycle, Journal,
15
  Journal proper, Opening and closing entries,  
  Relationship between journal & ledger: Rules  
  regarding posting: Trial balance: Subsidiary books  
  (Purchase, Purchase Returns, Sales, Sales Returns &  
  cash book –Triple Column), Bank Reconciliation  
   
  .  
 
  •   Expenditure:
 
 
  • Classification of Expenditure- Capital, revenue and
 
  Deferred Revenue expenditure  
 
  • Distinction between capital expenditure and revenue
 
  expenses  
 
  • Unusual expenses: Effects of error: Criteria test.
 
 
  •   Receipts: Capital receipt, Revenue receipt, distinction
 
  between capital receipts and revenue receipts.  
 
  •   Profit or Loss: Revenue profit or loss, capital profit or
 
  Loss  
   
Unit 3 Depreciation accounting: Practical problem based on 10
  depreciation using SLM and RBM methods.(Where Provision  
  for depreciation Account not maintained).  
  Preparation of Trial Balance :  
  Introduction and Preparation of Trial Balance  
     

 

 

Unit 4 Final Accounts of a Sole Proprietor 15

 

  • Introduction toFinal Accounts of a Sole proprietor.
  • Rectification of errors.
  • Manufacturing Account, Trading Account, Profit and Loss Account and Balance Sheet.
  • Preparation and presentation of Final Accounts in horizontal format
  • Introduction to Schedule 6of Companies Act ,1956

 

 

 

 

 

 


Like it? Share with your friends!

0
BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected].

14 Comments


Warning: Undefined array key "html5" in /home/bmsnewco/public_html/wp-content/plugins/facebook-comments-plugin/class-frontend.php on line 140

Facebook comments:

This Website Is For Sale. Email us an offer we cannot refuse on [email protected] :)

X
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube and Vimeo Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format