A – Financial Accounting
Introduction, meaning of Book-Keeping, Accounting and Accountancy, Distinction between Book-Keeping and Accounting, Accounting Process, Objectives of Accounting, Various users of Accounting information, Limitations of Accounting, Accounting Terminologies, Accounting Concepts, Principles and Conventions. Accounting Standards (Indian Accounting Standards), International Financial Reporting Standards (IFRS), Recording of Transactions Secondary Books, Trial Balance and Rectification of Errors, Final Accounts with adjustment entries, Closing entries, Financial Statements. Bank Reconciliation Statement, Bills of Exchange, Partnership Accounts-Admission of a Partner, Retirement of a Partner, Death of a Partner, Piecemeal Distribution of Cash and Amalgamation of firms, Depreciation Accounting, Price Level Changes Accounting, Hire Purchase and Installment Payment Methods, Voyage Accounts, Accounting from Incomplete Records, Accounting Methods for Non-Profit making organisations.