To develop conceptual understanding of the fundamentals of financial accounting system.
i. ) Meaning and Scope of accounting
ii). Accounting Concepts, Principles and Conventions
iii). Accounting Standards- concepts, objectives, benefits
iv). Accounting Policies
v). Accounting as a measurement discipline- valuation principles, accounting estimates.
Books of Accounts leading to the preparation of Trial Balance, Capital and revenue expenditure, Capital and revenue receipts, Contingent assets and contingent liabilities, Fundamental errors including rectifications thereof.
3.Bank Reconciliation Statement
Basis of inventory valuation and record keeping.
5. Depriciation accounting
Methods, computation and accounting treatment of depreciation, Change in depreciation methods.
6. Preparation of Final Accounts for Sole Proprietors
7.Accounting for Special Transactions
b). Joint Ventures
c). Bills of exchange and promissory notes
d). Sale of goods on approval or return basis.
8. Partnership Accounts
Final accounts of partnership firms- Basic concepts of admission, retirement and death of a partner including treatment of goodwill.
9. Introduction to Company Accounts
Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.