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

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. 09

Essential Readings: 

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)

Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

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