Unit1
Unit 1
6 hrsMeaning and Scope of Accounting: Evolution and Users of Accounting, Basic Accounting terminologies, Principles of Accounting, Accounting Concepts & Conventions, Accounting Equation, Deprecation Accounting.
Syllabus
5 units · 40 lecture hoursUnit2
Unit 2
6 hrsMechanics of Accounting: Accounting Standards and IFRS: International Accounting Principles and Standards; Matching of Indian Accounting Standards with International Accounting Standards, Double entry system of Accounting, journalizing of transactions; Ledger posting and Trial Balance.
Unit3
Unit 3
12 hrsPresentation of Financial Statement: Preparation of final accounts (Profit & Loss Account and Balance Sheet) according to companies act 2013 (vertical format), Excel Application to make Balance sheet, Case studies and Workshops, Preparation of Cash Flow Statement and its analysis.
Unit4
Unit 4
10 hrsAnalysis of financial statement: Ratio Analysis- Solvency ratios, Profitability ratios, activity ratios, liquidity ratios, Market capitalization ratios; leverage Ratio, Detailed Analysis using excel application.
Unit5
Unit 5
6 hrsFinancial Statement Analysis and Recent Types of Accounting: Common Size Statement; Comparative Balance Sheet and Trend Analysis of manufacturing, Service & banking organizations, Case Study and Workshops in analysing Balance sheet. Human Resource Accounting, Forensic Accounting, Accounting for corporate social responsibility.
Course Objectives
- To understand the fundamentals, basic theories, and key concepts of financial accounting.
- To identify and explain various Accounting Standards applicable in the preparation of financial statements.
- To apply accounting principles to the prepare and present financial statements
- To analyze financial statements using appropriate tools and techniques to derive meaningful insights.
- To evaluate emerging trends in accounting and interpret the role of social responsibility accounting in contemporary business practices.
Course Outcomes (COs)
After completion of the course student will be able to:
- CO1Understand and accounting concepts, principles and conventions for their routine monetary transaction.apply
- CO2Understand about IFRS, Ind AS and IAS for preparation and reporting of financial statements.
- CO3Create and prepare financial statements and Cash flow in accordance with Generally Accepted Accounting Principles
- CO4interpret and communicate the information contained in basic financial statements and explain the limitations of such statements.Analyse
- CO5Recognising various types of accounting and utilize the technology and social responsibility in facilitating and enhancing accounting and financial reporting processes Evaluating,(K7))K2, K3, K2, K6, K1, K4, K2, K4 (Knowledge, Comprehending, Knowledge, Synthesizing, Remembering, Analysing, Knowledge, Applying)
Suggested Readings
- Maheshwari S.N &Maheshwari S K – A text book of Accounting for Management (Vikas, 10th Edition)
- Essentials of Financial Accounting (based on IFRS), Bhattacharya (PHI,3rd Ed)
- Khan and Jain - Financial Management (Tata McGraw Hill, 7th Ed.)
- PC Tulsian- Financial Accounting (Pearson, 2016)
- Dhamija - Financial Accounting for managers: (Prentice Hall, 2nd Edition).
- Narayanswami - Financial Accounting: A Managerial Perspective (PHI,5th Ed)
- DhaneshkKhatri- Financial Accounting (TMH,2015)
- Ambrish Gupta - Financial Accounting: A Managerial Perspective (Prentice Hall, 4th Edition)
- Ramchandran&Kakani - Financial Accounting for Management (TMH, 2nd Edition).
- Mukherjee - Financial Accounting for Management (TMH, 2nd Edition).
Official AKTU syllabus
This subject is on page 10, 11 of the original AKTU PDF.