FINANCIAL ACCOUNTING(MGT105)
1.Book-Keeping & its importance
2.Accounting: Meaning, Importance, Difference between Book-Keeping & Accounting
3.Accounting terminology
4.Accounting as an information system
5.Accounting concepts & conventions
6.Accounting cycle, Branches of accounting: Financial Accounting, Cost & Management Accounting and their Interrelationships.
7.Changing Role of accountant in profession
8.Accounting Equation: Preparation of Journal, Ledger
9.Preparation of Cash book and other subsidiary books
10.Trial Balance: Different types of errors disclosed and not disclosed by Trial Balance
11.Capital & Revenue Expenditure and Receipts
12.Understanding Corporate Financial Statements: Types, nature, attributes, uses and limitations
13.Preparation of Financial Statements of an Organization- Profit & Loss Account ( with adjustments) & Balance Sheet
14.Corporate Reporting and Disclosure Requirements
15.Recent trends in the presentation of Corporate Published Accounts
16.Depreciation Accounting
17.Bank Reconciliation Statement
Textbook:
Maheshwari S N, Maheshwari S K (2006), “Financial Accounting”, Vikas Publishing House Pvt. Ltd, New Delhi.
Additional Readings:
Chapter- 12 & 13, R.K. Lele, Jawahar Lal, “Accounting Theory”, Himalaya Publishers.
Chapter- 4, Khan M Y, Jain P K (2007), “Management Accounting”,The McGraw-Hill companies.