Financial Accounting

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Prof. Anil D. Matkar & Prof. Bharti Khiyani

ISBN-9789386232731

University of Mumbai, MMS, First Year, First Semester
Syllabus
 
FINANCIAL ACCOUNTING
 
100 Marks                                                    (15 Sessions of 3 Hours Each)
 
S. No.
Particulars
Sessions
1)       
  • Introduction to Accounting
  • Concept and Necessity of Accounting
  • An Overview of Income Statement and Balance Sheet.
1
2)       
  • Introduction and Meaning of GAAP
  • Concepts of Accounting
  • Impact of Accounting
  • Concepts on Income Statement and Balance Sheet.
1
3)       
  • Accounting Mechanics
  • Process leading to Preparation of Trial Balance and Financial Statements
  • Preparation of Financial Statements with Adjustment Entries
2
4)       
  • Revenue Recognition and Measurement
  • Capital and Revenue Items
  • Treatment of R & D Expenses
  • Preproduction Cost
  • Deferred Revenue Expenditure etc.
1
5)       
  • Fixed Assets and Depreciation Accounting
  • Evaluation and Accounting of Inventory.
1
6)       
  • Preparation and Complete Understanding of Corporate Financial Statements
  • ‘T’ Form and Vertical Form of Financial Statements
2
7)       
  • Important Accounting Standards
1
8)       
  • Corporate Financial Reporting – Analysis of Interpretation thereof with reference to Ratio Analysis. Fund Flow, Cash Flow.
  • Corporate Accounting
Accounting of Joint Stock Companies: Overview of Share Capital and Debentures, Accounting for Issue and Forfeiture of Shares, Issue of Bonus Share. Issue of Debentures, Financial Statements of Companies: Income Statement and Balance Sheet in Schedule VI. Provisions of the Companies Act: Affecting preparation of Financial Statements, Creative Accounting, Annual Report, Presentation and Analysis of Audit Reports and Directors Report. (Students should be exposed to reading of Annual Reports of Companies both detailed and summarized version).
3
9)       
Inflation Accounting and Ethical Issue in Accounting
1
10)    
Case Studies and Presentations
2
UOM2015/MMS/1/02
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