K. M.
AGRAWAL COLLEGE OF
ARTS, SCIENCE &
COMMERCE
BMS, B.COM (BANKING
& INSURANCE) AND
B.COM (ACCOUNTING &
FINANCE)
NAME
OF Assistant Professor : Mrs. Devanjali Dutta
SUBJECT
: Financial Accounts
– I CLASS : F. Y. B. Com (Banking & Insurance)
SEMESTER
: I
ACADEMIC
YEAR : 2016-17
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Sr.
No.
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Month
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TOPIC
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1)
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July, 2016
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Introduction
to accounting Meaning, scope, objectives, need, importance and limitations of
accounting. Basic accounting terminology. Branches of accounting. Accounting
concepts, Conventions and Principles. Double Entry System, Classifications of
accounts, Rules of debit and credit. Writing of journal Entries and Ledger,
Sub division of journal and Trial Balance
Problems
based on above topics
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2)
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August, 2016
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Classification
of Income & Expenses & Accounting Standards Classifications of
Income, Expenditure and Receipts on the basis of capital and revenue. Source
documents required for practical accounting. Introduction to Bank
Reconciliation Statement and Errors and their Rectification. Accounting
Standard 1, 2, 6, 8, 9, 10. Understanding Fair value concept, Overview of
Ind-AS vis-a-vis International Financial Reporting Standards (IFRSs).
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3)
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September, 2016
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Issues
of Shares, Stock Valuation & Hire purchase Introduction to issue of
shares. Stock valuation (FIFO and Weighted Average Method only) Hire Purchase
Transactions (calculation of interest, accounting as per asset purchase
method only, exclude repossession), Introduction to Depreciation: Fixed
Installment method, Written Down Value Method, Change of method. Valuation of
goodwill
(problems
based on average profit method and super profit method only)
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4)
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October, 2016
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Final Accounts Trading Account,
Profit and Loss Account, Balance Sheet, Adjustment Entries. Introduction to
Accounts of Non Profit Organizations
Problems based on final Accounts
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