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Functional Accounting - Practical [1]

Paper Code: 
25CATG114
Credits: 
2
Contact Hours: 
30.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to gain practical knowledge of accounts and their application in different practical situations

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course title

25CATG114

 

Functional Accounting – Practical (Practical)

 

CO19: Develop the skill to understand case based problems in royalty accounts

CO20: Identify the various items of the relevant account and make required computations in departmental accounts

CO21: Prepare accounts under Hire purchase system

CO22: Apply the concept of Branch Accounts in preparation of accounts of branch.

CO23: Compute amount of claims under fire insurance

CO24: 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: 
Royalty accounts:

● Case study on Royalty accounts

6.00
Unit II: 
Departmental accounts:

● Case study on Departmental accounts

6.00
Unit III: 
Hire Purchase and Installment Systems:

● Case study on Hire Purchase and Installment Systems

6.00
Unit IV: 
Branch accounts:

● Case study on Branch accounts

6.00
Unit V: 
Insurance claims:

● Case study on Insurance claims

Essential Readings: 

● Gupta, R.L. & Gupta, V.K. Financial Accounting. Sultan Chand & Sons
● Mukharjee, A., Hanif, M. Modern Accountancy. Tata Mc- Graw-Hill

References: 

● Jain. Khandelwal & Pareek. Financial Accounting. Ajmera Book Company

e-Resources
● https://web.s.ebscohost.com/ehost/search/basic?vid=0&sid=0c7f189a-083f-4... [2]
● https://www.scopus.com/home.uri [3]
● http://www.e-book.com.au/freebooks.htm [4]
● https://www.doaj.org/ [5]
Reference Journals::
● Business Perspectives and Research
● FIIB Business Review
● Harvard Business Review
● IUP Journal of Accounting Research
● Jindal Journal of Business Research
● Nirma University Journal of Business & Management Studies
● Oorja
● The Chartered Accountant
● The ICFAI reader
● The Indian Journal of Commerce
● Vikalpa: Journal for Decision Makers

Academic Year: 
2025-2026 [6]

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/functional-accounting-practical-1

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/functional-accounting-practical-1
[2] https://web.s.ebscohost.com/ehost/search/basic?vid=0&sid=0c7f189a-083f-49b2-8d14-1018e9b1d9a8%40redis
[3] https://www.scopus.com/home.uri
[4] http://www.e-book.com.au/freebooks.htm
[5] https://www.doaj.org/
[6] https://accountingtaxation.iisuniv.ac.in/academic-year/2025-2026