Page 4 - DCOM101_FINANCIAL_ACCOUNTING_I

SYLLABUS
Financial Accounting-I

Objectives: To develop conceptual knowledge about the preparation and use of financial statements.

Sr. No. Topics

1. Introduction to Accounting: Needs, objectives, branches, users and Difference between Book- Keeping and
Accounting. Double entry system: Meaning, Importance & rules.
2. Generally Accepted Accounting Principles: Accounting Concepts and conventions. Capital &
revenue items.
3. Accounting Equation and Accounting Cycle.
4. Preparation of Journal, Posting to ledger and Balancing.
5. Subsidiary Books: Purchases, Purchases Return, Sales, Sales Return book and Cash book: Single column, Double
column & triple column cash book including petty cash book.
6. Trial Balance: Different types of errors which are revealed and not revealed by the Trial Balance.
7. Depreciation Accounting: Meaning and methods- Straight line and written down value method.
8. Final Accounts, Adjustments, Final accounts with adjustments.
9. Bank reconciliation statement.
10. Rectification of Errors.