• 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: o Documents & Books of Accounts: Invoices. Vouchers, Debit & Credit Notes, Day books, Journals, Ledgers & Trial Balance o Capital & Revenue: Expenditures & Receipts; Contingent Assets & Contingent Liabilities o Rectification of Errors
• 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: Methods, computation and accounting treatment of Depreciation; Change in depreciation methods
• Preparation of Final Accounts for Sole Proprietors: Preparation of Profit & Loss Account, Balance Sheet
• Partnership Accounts:
o Goodwill: Nature & Factors affecting Goodwill, Method and Valuation: Average Profit, Super Profit and Capitalization Methods, Treatment of Goodwill.
o Final Accounts of Partnership Firms, Admission of a Partner, Retirement / Death of a Partner.
o Dissolution of Partnership Firm
Introduction to Company Accounts: Issue of Shares and Debentures; Forfeiture of Shares; Re-Issue of Forfeited Shares; Redemption of Preference Shares
Auditing
o Concepts & Objectives, Principles of Auditing
o Types of Audit, Evidence in Auditing, Audit Programmes
• Audits and Auditors Reports
o Internal Audit,
o Statutory Auditor: Appointment, Qualification, Rights Duties
o Secretarial Audit, Cost Audit: An Overview
o Auditor’s Report: Meaning, Contents, Types, Qualifications
References Books (Accounts)
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)
References Books (Accounts)
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)