Coming soon
Fundamentals of Accounting and Auditing
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Theoretical Framework
Meaning and Scope of Accounting; Accounting Concepts; Accounting Principles, Conventions and Standards - Concepts, Objectives, Benefits; Accounting Policies; Accounting as a Measurement Discipline - Valuation Principles, Accounting Estimates
Accounting Process
Documents & Books of Accounts- Invoice, Vouchers, Debit & Credit Notes, Day books, Journals, Ledgers and Trial Balance; Capital and Revenue- Expenditures and Receipts; Contingent Assets and Contingent Liabilities; Rectification of Errors
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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 Depreciation Accounting Brief of various Methods; Computation and Accounting Treatment of Depreciation (Straight line and Diminishing Balance Method); Change in Depreciation Methods |
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Preparation of Final Accounts for Sole Proprietors Preparation of Profit & Loss Account; Balance Sheet Partnership Accounts Goodwill - Nature of Goodwill and Factors Affecting Goodwill; Methods of Valuation - Average Profit, Super Profit and Capitalization Methods; Treatment of Goodwill; Final Accounts of Partnership Firms - Admission of a Partner, Retirement/Death of a Partner, Dissolution of a Partnership Firm; Joint Venture and Consignment Account |
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Introduction to Company Accounts Issue of Shares and Debentures; Forfeiture of Shares; Re-Issue of Forfeited Shares; Redemption of Preference Shares Accounting for Non-Profit Organizations Receipt and Payment Accounts; Income and Expenditure Accounts Computerized accounting environment Basic Utility of SAP, TALLY, ERP |
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Auditing Concepts and Objectives; Principles of Auditing; Types of Audit; Evidence in Auditing; Audit Programmes Audits and Auditor’s Reports Internal Audit; Statutory Auditor- Appointment, Qualification, Rights and Duties; Secretarial Audit - An Overview; Cost Audit- An Overview; Reporting - Types, Meaning, Contents, Qualifications |
1. Financial Accounting-R.L Gupta, V.K Gupta( Sultan Chand& Sons)
2. Study Materials Issued by ICSI
3. Scanner-Arun Kumar(Shuchita Prakashans(P) Ltd)
4. Modern Accountancy-AMukharjee, MHanif. (Tata Mc- Graw-Hill)
5. Fundamentals of Financial Accounting- Dr Ashok Sehgal, Dr Deepak Sehgal (TaxMann’s)
6. Accountancy- PC Tulsian (Tata Mc- Graw-Hill)
7. An Introduction to Accountancy- S.N Maheshwari(Vikash Publishers)
8. Fundamental of Accounting-Dr T P Ghosh,(Sultan Chand& Sons)
Reference Books (Auditing)
1. Contemporary Auditing: Kamal Gupta(Tata Mc-Graw Hill)
2. Auditing: Principle and Practice, S.D Sharma(Taxmann)
3. Auditing Principles and Problems: T.R Sharma (Sahitya Bhawan Agra)
4. Practical Auditing: Spicer& Pegler
5. Fundamental of Auditing: Gupta & Arora(Tata Mc Graw Hill)
