Financial Accounting

Financial Accounting

Unit I: Definition, Nature and Scope of Accounting, Concepts and Conventions, Introduction to Financial Statements, Capital and Revenue Items, Indian Accounting Standards & IFRS.

Unit II: Partnership Accounts - advanced problems and detailed study.

Admission, Retirement and Death of partners, Dissolution of Partnership Firm.

Unit III: Hire Purchase and Instalment Accounts, Royalty Accounts, Insolvency Accounts.

Unit IV: Insurance Claim for Loss of Stock and Loss of Profit, Branch Accounts, Voyage Accounts.