Syllabus
Total Teaching Hours For Semester : 30
Max Marks : 100
No of Lecture Hours/Week : 3
Credits : 2
Course Objective
This paper is offered as a compulsory subject in the first trimester. Today’s world is of information—its
preparation, communication, analysis, and use. Accounting is at the heart of this information age. By studying
this course, student will learn about concepts, procedures, and analyses that are useful in everyday activities.
This course describes concept of accounting, accounting principles, users and uses of accounting information,
accounting equation recording of transactions i.e., journal, ledger, subsidiary books, bank reconciliation
statement, trial balance. The course also discusses preparation of Income statement and Balance sheet and
financial statement analysis.
Learning Outcome
To understand the fundamentals of financial accounting;
To create an awareness of the importance and usefulness of the accounting function;
To develop an understanding of financial statements and the principles and concepts underlying them;
To lay foundation for developing the skills to interpret Financial Statements;
To understand and proper presentation of company’s Annual report; Cash flow and fund flow statement,
ratio analysis;
To review the developments in accounting
Unit1
Teaching Hours:2
Introduction to Accounting
Introduction to Accounting, Need for Accounting, Aim and influence of accounting in the information age.
Identification of forms of organization and their characteristics. Identification and description of three major
activities in organizations. Identification of users and uses of accounting. Explanation and interpretation of
accounting equation
Unit2
Teaching Hours:4
Financial Accounting ? Concept, Conceptions, IGAAP & IFRS
Accounting Standards IGAAP & IFRS Meaning of accounting principles ? Concepts & Conventions Accounting
Process Accounting equation ? Asset account, Liability account & Equity account Analyzing transactions ?
Transaction analysis Debits and credits and explanation regarding their role in doubleentry accounting.
Unit3
Teaching Hours:8
Steps in Processing Transaction
Doubleentry bookkeeping system, Journal, Ledger, Posting, Debits, Credits, Trial Balance, Adjusting entries,
Final Accounts for noncorporate (Manufacturing Trading, P&L, B/S), Final Accounts for Corporate (P&L, B/S,
P&L Appropriation).
Unit4
Teaching Hours:2
Subsidiary Books
Meaning of subsidiary books Types of subsidiary books Preparation of Cash book, Two column & three column
cash book Bank reconciliation statement Meaning & classification of accounting errors
Unit5
Teaching Hours:4
Preparation of Disclosure ? Annual Report
Disclosure of information, Indian Accounting Standards, Legal requirement (Company? Act, SEBI, IncomeTax
Act etc.) Revenue Recognition, Fixed Assets & Depreciation Accounting, Intangible Assets and Inventory
http://111.93.136.228/KnowledgePro/displaySyllabusCoursePlan.do?method=getSyllabusAndCoursePlanBySubjectId&subjectId=4&displayBelow=NotDisplay 1/2
Financial Statement Analysis and Interpretation
Comparative and common size statement, Financial statement analysis and Interpretation, Trend analysis, Types
of ratios and its importance, Fund flow analysis, Cash flow analysis
Essential Text Books
Essential Reading
Naryanswamy, R. Financial accounting – A management perspective, (4th ed.). PHI.
Recommended Reading
1. Anthony ,Robert. (2009). Accounting text and cases. New Delhi: Tata McGrawHill Publications.
2. Bhattacharya,A.B. (2010). Financial accounting for business managers. (3rd ed.). New Delhi: Prentice
Hall of India.
3. Gupta, Ambrish., Financial accounting for management. New Delhi: Pearson Publications.
4. Lal, Jawahar., & Srivastava, Seema., Cost accounting. New Delhi: Tata McGraw Hill Publications.
5. Maheshwari S.N., Advance accounting. New Delhi: Vikash Publishing House.
6. N.Ramchandran., & Kakani. (2010). Financial accounting for management (3rd ed.). Delhi: Tata
McGrawHill Publications.
7. Prasanna, Chandra.(2010). Managers guide to finance and accounting. New Delhi: Tata McGrawHill
Publications.
8. Tulsian, P.C. (2010). Financial accounting. New Delhi: Pearson Publications.