Financial Accounting

Paper Code: 
ATG 116
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To develop the knowledge of the students regarding financial and managerial decisions in business organization.

9.00
Unit I: 
Issues in Partnership Accounts

Final accounts of partnership firms
Admission of a Partner

9.00
Unit II: 
Retirement and Death of Partner including treatment of goodwill

Retirement and Death of Partner including treatment of goodwill

9.00
Unit III: 
Dissolution of Partnership Firms

Dissolution of Partnership Firms including piecemeal distribution of assets, Amalgamation of partnership firms, Conversion into a company and sale to a company

9.00
Unit IV: 
Depreciation Accounting

Methods, computation and accounting treatment of Depreciation; Change in depreciation methods

9.00
Unit V: 
Bank Reconciliation Statement

Meaning, Causes of difference between Bank Book Balance and Balance as per Bank Pass Book / Bank Statement; Need of Bank Reconciliation Statement; Procedure for preparation of Bank Reconciliation Statement
Introduction to IFRS, Carbon Credit Accounting and Green Accounting.

Essential Readings: 

1. An Introduction to Accountancy- S.N Maheshwari (Vikash Publishers)
2. Fundamental of Accounting-Dr T P Ghosh,(Sultan Chand& Sons)
3. Financial Accounting-R.L Gupta, V.K Gupta( Sultan Chand& Sons)
4. Book-Keeping and Accountancy-Jain, Khandelwal and Pareek (Ajmera Book Depot)

References: 

1. Accountancy- PC Tulsian (Tata Mc- Graw-Hill)
2. Partnership and Corporation Accounting – J. Carrillo (Rex Bookstore, Inc)

Academic Year: 
2015-2016
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