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Financial Accounting - Practical [1]

Paper Code: 
25CATG112
Credits: 
2
Contact Hours: 
30.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to familiarize with the accounting process through manual and computerized method

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course title

25CATG112

Financial Accounting - Practical

(Practical)

 

CO7: Generate a Business Plan and journalize related transactions.

CO8: Examine the journal entries and create the ledger accounts and judge the correctness of ledger posting by preparing the trial balance

CO9: Develop the skills to prepare financial statements

CO10: Execute accounting skills in accounting software tally

CO11:   Develop the skills for computation of relevant ratios and intpret the financial statements of business organisation

CO12: Contribute effectively in course-specific interaction

Approach

in

teaching:

Interactive

Lectures,

Discussion,

Tutorials,

Reading

assignments; Solving

Questions.

 

Learning

activities

for the

students:

Self-learning

assignments, Effective

questions,

Seminar

presentation.

  

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects.

 

6.00
Unit I: 
Preparing of business plan:

● Journalizing the transactions.

6.00
Unit II: 
Ledger and Trial Balance:

• Posting into ledger & Preparation of trial balance.

6.00
Unit III: 
Financial Statements:

● Preparing and interpreting financial statements and calculating ratios relevant for business analysis.

6.00
Unit IV: 
Use of Accounting Software Tally

● Creation of Company;
● Creation of Ledger Account;
● Voucher Entry, Maintenance of Inventory Record;

6.00
Unit V: 
Result analysis :

● Trial Balance & Final Accounts
● Analysis of computer accounting with the help of Ratios.

Essential Readings: 

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

References: 

● 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: 
2025-2026 [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-1

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/financial-accounting-practical-1
[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/2025-2026