Financial Accounting

Unit

Topic

No. of Lectures

1

Accounting and its Place in Business and Relationship with other Financial Areas, Double Entry System, Book Keeping – Meaning Advantages, Concepts and Conventions, Difference between Financial Accounting, Cost Accounting and Management Accounting.

10

2

Type of Books of Accounts and their Preparation, Journal, Ledger, Trail Balance and Depreciation, Computerised Accounting Software (Cloud Book, Wave and Tally).

20

3

Preparation of Final Account: Trading Account Profit, Loss Account, Balance Sheet. Preparation of EMI Chart.

20

4

Bank Reconciliation Statement, Branch Accounts and Department Accounts.

20

5

Royalty Accounts, Hire Purchase Accounts – Accounting Record in the Book of Purchaser and Vendor.

20