Financial Accounting

Syllabus

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 Installment Accounts, Royalty Accounts, Insolvency Accounts.

 Unit IV

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