UNIT 1: Introduction to Financial Accounting
Assignment
1. Meaning, objectives, users and limitations of accounting
2. Accounting principles
3. Accounting conventions and standards
4. Basis & branches of accounting
5. Accounting process
6. Accounting equation & double entry system
UNIT 2: Recording, Classifying and Summarizing of Accounting Transactions
7. Accounting transactions & classification of accounts
8. Concept of book of original entry & recording of transactions in Journal using rules of debit & credit
9. Recording of transactions in Journal
10. Concept of ledger & posting of Journal entries into ledger accounts
11. Posting of Journal Entries into Ledger Accounts
12. Introduction to subsidiary books & types
13. Meaning & objectives of trial balance
14. Preparation of trail balance
UNIT 3: Errors and Bank Reconciliation Statement
15. Classification of errors – I
16. Classification of errors – II
Assignment
17. Methods of rectifying errors – I
18. Methods of rectifying errors – II
Assignment
19. Meaning & need for preparation of Bank Reconciliation Statement
20. Identifying causes of difference between bank balance as per cash book and pass book
21. Preparation of Bank Reconciliation Statement
UNIT 4: Depreciation Accounting
Assignment
22. Introduction to the Concept of Depreciation and its synonyms
23. Methods of depreciation
24. Comparison of SLM & WDV methods& methods of recording depreciation
25. Explanation of Annuity Methods and Sinking fund methods
Q4: Assignment
26. Disposal of an asset
Q4: Assignment
27. Changing Rate/Method depreciation and its treatment
Q4: Assignment
UNIT 5: Final Accounts – I
28. Introduction to Capital and Revenue Expenditure with examples
29. Introduction to Capital and Revenue Receipts with examples
Q4: Assignment
30. Introduction to Deferred Revenue Expenditures with examples
Q4: Assignment
31. Introduction to financial statements
Q4: Assignment
32. Format of Financial Statements and its interpretation
33. Preparation of Final Accounts with adjustments – I
34. Preparation of Final Accounts with adjustments – II
35. Preparation of Final Accounts with adjustments – III
UNIT 6: Final Accounts – II
36. Introduction to Non-Profit Organizations
Q4: Quiz
Q4: Assignment
37. Difference between Receipts & Payment A/c and Income & Expenditure A/c
38. Preparation of Final Accounts of an NPO – I
39. Adjustments in Final Accounts of an NPO – II
Q4: Quiz
40. Adjustments in Final Accounts of an NPO – III
Q4: Quiz
PPT Preparation of Bank Reconciliation Statement
