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    New Syllabus

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    21 views4 pages

    New Syllabus

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    Amit

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    of 4

    L T P SW/F TOTAL

    W CREDIT
    UNITS
    3 0 0 0 3
    Course Title: Accounting Fundamentals
    Course Code: ACCT102
    Credit Units: 3
    Course Level: UG

    Course Objectives
     To enable the students to acquire conceptual knowledge of accounting and its usefulness in business.
     To equip students with the knowledge to record transactions with relevant interpretation.
     To provide knowledge to the students on how to analyze and interpret final statements.
     To enable students to employ technological applications in accounting for managerial decision making.
    Pre-requisites
     Students of Accounting Fundamentals should be aware of the basic rules of accounting.

    Course Learning Outcomes


     Apply rules of accounting for measurement and disclosure of financial information for financial decision-making having regard to IFRS applicability.
     Demonstrate ability in preparation of books of accounts for decision making.
     Analyze and interpret published financial information.
     Evaluate basic operations of Tally accounting software to process financial accounting information.
    Course Contents/Syllabus
    Weightage
    (%)
    Module 1: Introduction to Accounting 10

    Descriptors/Topics
    Understanding the nature, meaning, functions and usefulness of accounting, various branches of accounting, Concept of
    accounting equation and numerical on the same, accounting concepts and generally accepted accounting principles (GAAPs), an
    overview of Indian and US GAAP, introduction to IFRS.
    Module 2: Recording of Transactions 20
    Descriptors/Topics
    Concept of double entry, understanding the accounting cycle, need, objective and preparation of voucher, Journal entries,
    concept of ledger and preparing various ledger accounts in an organization, and trial balance and numerical on the same.
    Module 3: Subsidiary Books 20
    Descriptors/Topics
    Introduction and need for preparing subsidiary books, types of subsidiary books including purchase book, sales book, purchase
    returns book and sales return books and numerical on the same.
    Cash book, types of cash book and balancing of cashbook. (Numerical on single column cashbook, double column cashbook,
    triple column cashbook) and petty cash book.
    Module 4: Financial Statements 25
    Descriptors/Topics
    Preparation of trading account, profit & loss account and balance sheet (Schedule VI Revised) along with adjustments and
    numerical on the same. An introduction to financial statement analysis, Cash flow Statement.
    Module 5: Company Accounts 15
    Descriptors/Topics
    Company Accounts: Introduction to shares, characteristics and types of shares no numerical on the same. Accounting for
    debentures: Classification of Debentures. Differentiate Debentures from shares. Numerical on issue of debentures for cash and
    for consideration other than cash. Issue of debentures as collateral security.
    Module 6: Information Technology Applications in Accounting 10
    Descriptors/Topics
    Understanding the use of Information Technology Applications in Accounting, Introduction, scope, and need for accounting
    software packages in organizations, Usefulness of Tally software to assess financial statements of a company, managerial
    implications of tally analysis for decision making.
    Pedagogy for Course Delivery:
    The course is covered by adopting a combination of lecture methods, class presentation by groups of students, self-study sessions. Group Assignment &
    Presentation to build their own analysis ability. Case studies will be taken up to illustrate real life situations. We will open the stage for two-way
    communication and discussion.

    Self-Work

    Students are asked to bring Balance Sheets of two Consecutive years of a reputed multi-national/reputed company and compare and contrast the accounting
    figures to know financial performance.

    Assessment/ Examination Scheme:

    Theory L/T (%) LAB/Practical/Studio End Term Examination

    50% N.A 50
    Theory Assessment (L&T):
    Continuous Assessment/Internal Assessment End Term
    Examination
    Components (Drop CT Project Assignment HA A
    down)
    Weightage (%) 20 15 10 5 50

    Mapping Continuous Evaluation components with CLOs

    Bloom’s Level Remembering Understanding Evaluating Analysing


    >
    Course CLO1 CLO2 CLO3 CLO4
    Learning
    Outcomes

    Assessment
    type
    Class  
    Test(CT)
    Project 
    Home  
    Assignment

    Text & References:

    Lal, Jawahar and Seema Srivastava, Financial Accounting, (Latest Edition), Himalaya Publishing House, New Delhi.
    Shukla M. C, Grewal T.S., Gupta S.C (Latest Edition), Advanced Accounts, S. Chand, New Delhi.
    Tulsian P.C (Latest Edition), Financial Accounting, Pearson Education India,
    Maheshwari S.N. Maheshwari CA Sharad. K & Maheshwari, Dr Suneel K (Latest Edition), Financial Accounting, Vikas Publishing House, New Delhi.

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