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Bge CSC01

This document outlines the syllabus for the Financial Accounting course in the B.Com. (General) Degree program at the University of Madras for the 2020-2021 academic year. The course objectives are to enable students to understand how to prepare financial statements for different types of organizations and familiarize them with financial reporting standards. The course covers topics like preparing financial statements for sole proprietorships, depreciation, insurance accounting, single-entry systems, rectifying errors, bank reconciliation statements, hire purchase systems, and installment systems. Students will learn how to analyze and prepare financial statements for various organizations and be aware of amendments to financial reporting standards. The syllabus provides recommended textbooks and web references for the course.

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188 views2 pages

Bge CSC01

This document outlines the syllabus for the Financial Accounting course in the B.Com. (General) Degree program at the University of Madras for the 2020-2021 academic year. The course objectives are to enable students to understand how to prepare financial statements for different types of organizations and familiarize them with financial reporting standards. The course covers topics like preparing financial statements for sole proprietorships, depreciation, insurance accounting, single-entry systems, rectifying errors, bank reconciliation statements, hire purchase systems, and installment systems. Students will learn how to analyze and prepare financial statements for various organizations and be aware of amendments to financial reporting standards. The syllabus provides recommended textbooks and web references for the course.

Uploaded by

selvam
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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UNIVERSITY OF MADRAS

B.Com. (GENERAL) DEGREE COURSE


SYLLABUS WITH EFFECT FROM 2020-2021

BGE-CSC01
CORE-I: FINANCIAL ACCOUNTING
Common to BCom(A&F), BCom(CS), BCom(BM), BCom(MM),
BCom(CA) & BCom(ISM)
Inst.Hrs : 6 YEAR: I
Credits : 4 SEMESTER: I

OBJECTIVES:
 To enable the students to understand the system of preparing financial statements for
various types of organisation
 To familiarize the students with knowledge about financial reporting standards

OUTCOMES:
 The students will be able to analyse and prepare financial statement of different types of
organisation
 The students will be aware of the various amendments in financial reporting

UNIT I: Preparation of Financial Statement


Final accounts of sole trading concern-Adjustments-Receipts and Payments-Income and
expenditure-Balance sheet of non trading organisation

UNIT II: Depreciation and Insurance Claims


Depreciation Accounting: Depreciation- Meaning –Causes-Types-Straight Line Method-Written
down value method- Concept of useful life under Companies Act 2015
Insurance Accounting: Insurance claims –Calculation of Claim amount-Average clause(Loss of
stock only)

UNIT III: Single entry system


Meaning and Features of Single entry-Defects-Difference between single entry and double entry
system-Methods of calculation of Profit-Statement of Affairs Method-Conversion Method

UNIT IV: Rectification of Errors and Bank Reconciliation Statement


Classification of Errors – Rectification of Errors – Preparation of Suspense a/c. Bank
Reconciliation Statement – Need and preparation.

UNIT V: Hire Purchase and Instalment System


Hire Purchase System- Default and repossession-Hire purchase trading account
Instalment System-Calculation of Profit.

Note: Questions in Sec. A, B & C shall be in the proportion of 20:80 between Theory and
Problems.
UNIVERSITY OF MADRAS
B.Com. (GENERAL) DEGREE COURSE
SYLLABUS WITH EFFECT FROM 2020-2021

TEXT BOOK:
1. Lt Bhupinder – principles of Financial Accounting – CENGAGE, New Delhi
2. Raj Kumar Sah –Concepts Building Approach to Financial Accounting – CENGAGE, New
Delhi
3. Gupta, R.L & Gupta,V.K, Advanced Accounting, Sulthan Chand & Sons, New Delhi

REFERENCE BOOKS:
1. Jain & Narang, Financial Accounting, Kalyani Publishers, NewDelhi
2. Reddy, T.S & Murthy,A. Financial Accounting, Margham Publications, Chennai
3. Shukla & Grewal, Advanced Accounting, S.Chand & Co. NewDelhi
4. Parthasarathy, S.& Jaffarulla, A. Financial Accounting, Kalyani Publishers, NewDelhi

WEB REFERENCE:
www.accountingcoach.com
www.accountingstudyguide.com
www.futureaccountant.com
www.onlinelibrary.wiley.com

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