Accountancy
Introduction to Accounting
- Introduction to Accounting
- Evolution of Accounting
- Meaning and Definition of Accounting
- Accounting cycle
- Objectives of Accounting
- Functions of Accounting
- Importance of Accounting
- Basic Accounting terminologies
- Branches of Accounting
- Bases of Accounting
- Users of Accounting information
- Role of an accountant
Conceptual Framework of Accounting
- Book-keeping – An introduction
- Book- keeping Vs. Accounting
- Relationship among Book-keeping, Accounting and Accountancy
- Accounting Principles
- Accounting Standards (AS)
- International Financial Reporting Standards (IFRS)
- Accounting Standards in India
Books of prime entry
- Introduction
- Source documents
- Double entry system
- Transaction
- Account
- Approaches of recording transactions
- Accounting rules
- Journal entries
Ledger
- Introduction
- Utilities of ledger
- Format of ledger account
- Distinction between journal and ledger
- Procedure for posting
- Balancing of ledger accounts
Trial Balance
- Introduction
- Need for preparing trial balance
- Definition of trial balance
- Features of trial balance
- Objectives of preparing trial balance
- Limitations of trial balance
- Methods of preparing trial balance
- Suspense account
Subsidiary Book-I
- Introduction
- Meaning of subsidiary books
- Types of subsidiary books
- Advantages of subsidiary books
- Purchases book
- Purchases returns book
- Sales book
- Sales returns book
- Bills of exchange
- Bills receivable book
- Bills payable book
- Journal proper
Subsidiary Book-II
- Introduction
- Meaning of cash book
- Cash book – A subsidiary book and principal book of accounts
- Importance of cash book
- Types of cash book
- Single column cash book
- Cash discount and trade discount
- Double column cash book
- Three column cash book
- Petty cash book
Bank Reconciliation Statement
- Introduction
- Bank Reconciliation Statement
- Reasons why bank column of cash book and bank statement may differ
- Preparation of bank reconciliation statement
Rectification of errors
- Introduction
- Meaning of errors
- Errors at different stages of accounting
- Classification of errors
- Errors disclosed by the trial balance and errors not disclosed by the trial balance
- Steps to locate errors
- Suspense account
- Rectification of errors
- Errors in computerised accounting
Depreciation Accounting
- Introduction
- Depreciation – Meaning and definition
- Objectives of providing depreciation
- Causes of depreciation
- Characteristics of depreciation
- Factors determining the amount of depreciation
- Methods of providing depreciation
- Methods of recording depreciation
- Calculation of profit or loss on sale of asset
Capital and Revenue Transactions
- Introduction
- Considerations in determining capital and revenue expenditures
- Classification of expenditure
- Capital expenditure
- Revenue expenditure
- Deferred revenue expenditure
- Comparison of capital, revenue and deferred revenue expenditure
- Capital and revenue receipts
- Distinction between capital and revenue receipts
Final Accounts of Sole Proprietors-I
- Introduction to final accounts
- Closing entries and Opening entry
- Trading account
- Profit and Loss account
- Balance sheet
- Differences between trial balance and balance sheet
Final Accounts of Sole Proprietors-II
- Introduction
- Adjustment entries and accounting treatment of adjustments
- Summary of adjusting entries and accounting treatment of adjustments
- Final accounts with adjustments
Computerised Accounting
- Introduction to computers
- Computerised Accounting System (CAS)
- Advantages of Computerised Accounting System
- Limitations of Computerised Accounting System
- Differences between manual and computerised accounting system
- Accounting software
- Grouping and codification of Accounts
- Microsoft Office - MS Word and MS Excel Practical
