Financial Accounting II

Syllabus

Financial Accounting- II

Course Code -122

Unit-1: Software used in Accounting

Types of Accounting Software, Use of Accounting Software, Installation of Accounting Software, Advantages and disadvantages of Accounting Software, Voucher entry and Report Generation including GST transactions.

Unit-2: Final Accounts of Charitable Trust (Clubs, Hospitals, Libraries, etc.)

Meaning and Characteristics, Accounting Records, Income and Expenditure Account, Receipt and Payment Account, Balance Sheet and Adjustments.

Unit-3: Valuation of Intangibles

Valuation of Goodwill (Problem), Valuation of Brands, Valuation of Patents, Copyright and Trademark, etc.

Unit-4: Accounting for Leases

Types   of Lease   (Finance  Lease   and Operating Lease), Finance   Lease   (Hire   Purchase   and installment) (Theory), Operating Lease, 

Royalty, Minimum Rent, Short Workings, Recoupment Of Short Working, Lapse of Short Working Journal Entries and Ledger Accounts in the Books of Landlord and Lessee.