Financial Accounting

Paper Code: 
ATG 116
Credits: 
3
Contact Hours: 
45.00
Objective: 

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

9.00

Issues in Partnership Accounts
Final accounts of partnership firms
Admission of a Partner
.

9.00

Retirement and Death of Partner including treatment of goodwill

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

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

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: 

Reference Books
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

Academic Year: 
2016-2017
  • Printer-friendly version
  • PDF version