MANGALORE UNIVERSITY
PAPER: FINANCIAL ACCOUNTING I
CHAPTER I: Accounting Standards (AS): 10 Hrs 1. Meaning, Definition and Importance. 2. Statutory Bodies to prescribe Accounting Standards ñ NACAS and National Financial Reporting Authority. 3. AS-1 : Disclosure of Accounting Policies :- a. Need for Disclosure b. Fundamental Accounting Concepts:- Going Concern Concept, Accrual Concept and Consistency Concept. c. Major considerations in selection of Accounting Policies: - Prudence, Substance over form and materiality.
CHAPTER II: Bank Reconciliation Statement: (Preparation of Bank Reconciliation Statement when balance as per pass book or cash book and reasons for their differences are given) 10 Hrs CHAPTER III: Depreciation Accounting ñ AS 6 : 10 Hrs a. Assets that are not covered by AS. b. Meaning of depreciable assets. c. Factors determining economic life of the asset. d. Methods of depreciation (Change of method of depreciation excluded): i. Straight Line Method ii. Reducing Balance Method iii. Annuity Method iv. Sinking Fund Method
CHAPTER IV: Rectification of Errors: 10 Hrs Classification of Errors Rectification of Errors:
i. Before Preparing the Trial Balance ii. After preparing the Trial Balance and before preparing Final Accounts ñ Suspense Account.
iii. After preparing the Final Accounts ñ Rectification in the next Trading period ñ Profit &Loss Adjustment Account.
CHAPTER V: Final Accounts of Sole Trading Concerns: 10 Hrs Preparation of:
i. Trading Account and Profit & Loss Account. ii. Balance Sheet. CHAPTER VI: Final Accounts of Non- Trading Concerns: 10 Hrs a. Meaning and Treatment of Revenue and Capital items. b. Preparation of Income and Expenditure Account and the Balance Sheet with the given Receipts and Payments Accounts and other information.
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For more details click here or visit http://www.mangaloreuniversity.ac.in
PAPER: FINANCIAL ACCOUNTING I
CHAPTER I: Accounting Standards (AS): 10 Hrs 1. Meaning, Definition and Importance. 2. Statutory Bodies to prescribe Accounting Standards ñ NACAS and National Financial Reporting Authority. 3. AS-1 : Disclosure of Accounting Policies :- a. Need for Disclosure b. Fundamental Accounting Concepts:- Going Concern Concept, Accrual Concept and Consistency Concept. c. Major considerations in selection of Accounting Policies: - Prudence, Substance over form and materiality.
CHAPTER II: Bank Reconciliation Statement: (Preparation of Bank Reconciliation Statement when balance as per pass book or cash book and reasons for their differences are given) 10 Hrs CHAPTER III: Depreciation Accounting ñ AS 6 : 10 Hrs a. Assets that are not covered by AS. b. Meaning of depreciable assets. c. Factors determining economic life of the asset. d. Methods of depreciation (Change of method of depreciation excluded): i. Straight Line Method ii. Reducing Balance Method iii. Annuity Method iv. Sinking Fund Method
CHAPTER IV: Rectification of Errors: 10 Hrs Classification of Errors Rectification of Errors:
i. Before Preparing the Trial Balance ii. After preparing the Trial Balance and before preparing Final Accounts ñ Suspense Account.
iii. After preparing the Final Accounts ñ Rectification in the next Trading period ñ Profit &Loss Adjustment Account.
CHAPTER V: Final Accounts of Sole Trading Concerns: 10 Hrs Preparation of:
i. Trading Account and Profit & Loss Account. ii. Balance Sheet. CHAPTER VI: Final Accounts of Non- Trading Concerns: 10 Hrs a. Meaning and Treatment of Revenue and Capital items. b. Preparation of Income and Expenditure Account and the Balance Sheet with the given Receipts and Payments Accounts and other information.
Click here to download syllabus
For more details click here or visit http://www.mangaloreuniversity.ac.in