Coming soon
Accounting
|
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
|
Paper Code |
Paper Title |
|||
|
BCP-211 |
Accounting |
Upon successful completion, students will have the knowledge and skills to: CO 39:Analyze the regulatory environment in which the financial statements are prepared and presented. Compare and contrast Ind ASs (IFRS converged standards) and IFRSs CO 40:Examine the advanced issues in accounting for inventories ,cash flow statements ,property plant and equipment. CO 41:Examine the advanced issues in accounting for assets, Foreign Exchange Rates and Government Grantsand Investments, Borrowing costs CO 42:Analyzethe accounting requirements for a corporate group and construction of company accounts. CO 43:Preparation of company accounts for recording issue of shares and prior period adjustments CO 44:Prepare accounts for special transactions, investment,Insurance, Hire- purchase and Instalment sale transactions. CO 45:Analyze special types of Accounting including incomplete records |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, assignments.
Learning activities for the students: Self learning assignments, Effective questions, Giving tasks, Solving numerical problems
|
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual projects |
Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence v/s adoption; objective and concepts of carve outs.
Framework for Preparation and Presentation of Financial Statements (as per AS).
Applications of Accounting Standards:
AS 1: Disclosure of Accounting Policies
AS 2: Valuation of Inventories
AS 3: Cash Flow Statements
AS 10: Property, Plant and Equipment
Applications of Accounting Standards:
AS 11: The Effects of Changes in Foreign Exchange Rates
AS 12: Accounting for Government Grants
AS 13: Accounting for Investments
AS 16: Borrowing Costs
Company Accounts
Preparation of financial statements – Statement of Profit and Loss, Balance Sheet and Cash Flow Statement;
Company Accounts
Managerial Remuneration; Profit (Loss) prior to incorporation; Accounting for bonus issue and right issue; Redemption of preference shares; Redemption of debentures.
Accounting for Special Transactions
Investment; Insurance claims for loss of stock and loss of profit; Hire- purchase and Installment sale transactions.
Special Type of Accounting
Departmental Accounting;
Accounting for Branches including foreign branches;
Accounts from Incomplete Records
1. Modern Accountancy-AMukharjee, MHanif. (Tata Mc- Graw-Hill)
2. Study Material Published by Institute of Chartered Accountants of India
3. Accountancy- PC Tulsian (Tata Mc- Graw-Hill)
4. Scanner-Arun Kumar(Suchitra Prakashan (P) Ltd)
5. Scanner-Arun Kumar(Suchitra Prakashan (P) Ltd)
