Page 4 - DMGT104_FINANCIAL_ACCOUNTING

SYLLABUS
Financial Accounting

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

S. No. Description
1. Introduction to Accounting: Book-Keeping & its importance, Accounting- Meaning, Importance, Difference
between Book Keeping and Accounting, Accrual Basis and Cash basis of Accounting.
2. Generally Accepted Accounting Principles: Accounting Concepts and Conventions, Accounting terminology.
3. Accounting Standards and Accounting Policies, Accounting Standard-1. Accounting Equation, Accounting Cycle.
4. Preparation of Journal, Ledger and Balancing.
5. Subsidiary Books: Cash Book and other subsidiary books. Trial Balance: Different types of errors disclosed and
not disclosed by Trial Balance.
6. Financial Statements: Capital & Revenue Expenditure and Receipts, Accounting Standard-9, Profit & Loss
Account (with adjustments) & Balance Sheet.
7. Depreciation, Provisions and Reserves, Accounting Standard-6.
8. Bank Reconciliation Statement.
9. Corporate Financial Statements: Nature, types, uses and limitations.
10. Role of Computers in Accounting including introduction to Tally.