Published on Accounting and Taxation (https://accountingtaxation.iisuniv.ac.in)

Home > FINANCIAL ACCOUNTING - PRACTICAL

FINANCIAL ACCOUNTING - PRACTICAL [1]

Paper Code: 
CATG 112
Credits: 
2
Contact Hours: 
30.00
Max. Marks: 
100.00
Objective: 

Course Outcome(COs):

Learning Outcome

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

CO6: Generate a Business Plan and journalize related transactions.

CO7: Examine the journal entries and create accounts in ledger

CO8: Judge the correctness of ledger posting by preparing the trial balance

CO9: Execute accounting skills in accounting software tally

CO10: Compute relevant ratios and interpret the financial statements.

Group Discussion, Demonstration on
Preparing Manual and Computerized accounting and reports

 

Presentation, Report writing,
VIVA Voce
 

 

6.00
Unit I: 
Preparing of business plan.

• Journalizing the transactions.

6.00
Unit II: 
Posting into ledger & Preparation of trial balance.
6.00
Unit III: 
Financial Statements

• Preparing and interpreting financial statements and calculating some ratios.

6.00
Unit IV: 
Use of Accounting Software Tally

• Creation of Company;
• Creation of Ledger Account;
• Voucher Entry, Maintenance of Inventory Record;
• Analysis of Trial Balance & Final Accounts,
• Result analysis of computer accounting.

6.00
Unit V: 
Result analysis of computer accounting with the help of Ratios.
Essential Readings: 

• Gupta, R.L., &Gupta, V.K.Financialaccounting. Sultan Chand and sons
• Mukharjee, A., & Hanif, M. Modern accountancy. TataMcGrawhill.
• Sehgal, A., &Sehgal, D.Fundamentals of financialaccounting. TaxMan
• Jain, K. P. Financial accounting. Ajmera Book Company

References: 

SUGGESTED REFERENCE BOOKS:
• Tulsian, P.C, Accountancy Tata Mc Graw Hill
• Goel D.K ,Goel R., Accountancy Arya Publications
• Maheshwari, S.N., An Introduction to Accountancy Vikash Publishers
• Ghosh, T. P., Fundamental of Accounting ,Sultan Chand& Sons
• Financial Accounting-R.L Gupta, V.K Gupta( Sultan Chand& Sons)
• Modern Accountancy-A Mukharjee, MHanif. (Tata Mc- Graw-Hill)
e- RESOURCES:
• https://books.google.co.in/books?id=0yYrDwAAQBAJ&printsec=copyright&redi... [2]
• https://icmai.in/upload/Students/Syllabus-2012/Study_Material_New/Inter-... [3]
REFERENCE JOURNALS:
• IUP Journal of Accounting Research
• The Chartered Accountant
• The ICFAI reader

Academic Year: 
2023-2024 [4]

Follow Accounting and Taxation on:

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India Phone:- +91-141-2400160-61, 2397906-07, Fax: 2395494, 2781158

Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/financial-accounting-practical

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/financial-accounting-practical
[2] https://books.google.co.in/books?id=0yYrDwAAQBAJ&printsec=copyright&redir_esc=y#v=onepage&q&f=false
[3] https://icmai.in/upload/Students/Syllabus-2012/Study_Material_New/Inter-Paper5-Revised.pdf
[4] https://accountingtaxation.iisuniv.ac.in/academic-year/2023-2024