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| Financial Accounting, Analysis & Reporting |
Unit 1: Meaning of Accounting,
Objectives or Functions of Accounting Information; Accounting Principles,
Accounting Conventions and Policies; GAAP and IFRS.
Unit 2: The Accounting Process,
Identification and Documentation and Recording of Business Transactions,
Classifications of Business Transactions in Ledgers, Subsidiary Books.
Unit 3: The Trial Balance- Meaning of
Trial Balance, Objectives in Drawing up a trial Balance; Construction of a
Trial Balance, Errors disclosed by a Trial Balance, Errors not Disclosed by a
Trial Balance, Locating errors.
Unit 4: The Cash Book, Bank
Reconciliation Statement.
Unit 5: Important Common Issues in
Accounting Records- Depreciation Accounting; Accounting for Inventories,
Capital and Revenue, Cash and Accrual Basis of Accounting.
Unit 6: Final Accounts- Trading
Account, Profit and Loss Account and Balance Sheet, Classification of items in
a Balance Sheet, Adjustment entries.
Unit 7: Basic features of Company Form
of Business Organization, Procedure of Forming a Company, Legal requirements as
to Company Accounts, Preparation of Financial Statements of Corporate entities
and Annual Reports.
Unit 8: Computerized Accounting Systems
using Tally in accounting.
