Financial Accounting

                                                                    Syllabus

                                                              (MBAT 102) 

Unit 1

Introduction to Financial Accounting

Concepts and Conventions and Postulates of Accounting- Accounting as a Language; Accounting as an Information System, Users of Accounting information, Role of Accounting in Economic Development.

Unit 2

Accounting System and Process

Accounting Equation, Transactions and their effects on Accounting and Equation, Classification of Accounts: Owner’s Equity, Revenues and Expenses.

Unit 3

The Accounting Process

The Journal and its Sub-division, The Ledger, The Trial Balance, The Financial Statements, Computerized Accounting, Introduction to Tally Package, Rectification of Errors.

Unit 4

Financial Statement Analysis

The Tools of Analysis, Horizontal Analysis, Vertical Analysis ,Trend Analysis, Ratio Analysis, Funds Flow and Cash Flow Analysis, AS-3(Revised).

Unit 5

a)      Corporate Accounting: Financial Statement of Companies and Adjustment Entries (An overview of Corporate Finance)

b)      Accounting: Assets and Liabilities: Depreciation and Amortisation Inventory Valuation and Accounting, Recent Trends in Corporate Reporting and Introduction to              Indian Accounting Standards. International Financial Reporting Standards: An overview.