TEACHING PLAN

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 :  2017-18

Sr.  No.	Month	TOPIC
1)	July, 2017	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
2)	August,  2017	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).
3)	September, 2017	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)
4)	October, 2017	Final Accounts Trading Account, Profit and Loss Account, Balance Sheet, Adjustment Entries. Introduction to Accounts of Non Profit Organizations Problems based on final Accounts