Financial Accounting
| MODULE – 1 | ACCOUNTING | 2 HOURS |
|---|---|---|
| 1 | Basics of accounting | |
| 2 | Assets and their classification | |
| 3 | Liabilities and their classification | |
| 4 | Accounting mechanics (double-entry system, classification, golden rules, concepts, and conventions) |
| MODULE – 2 | JOURNAL LEDGER AND TRIAL BALANCE | 6 HOURS |
|---|---|---|
| 1 | Journal meaning | |
| 2 | Advantages | |
| 3 | Ledger meaning | |
| 4 | Posting and balancing | |
| 5 | Ledger meaning | |
| 6 | Trial balance objectives defects | |
| 7 | Locating errors and preparations of trial balance | |
| 8 | Subdivision of journal-daybook |
| MODULE – 3 | CAPITAL AND REVENUE EXPENDITURE AND RECEIPTS | 4 HOURS |
|---|---|---|
| 1 | Rules for determining capital expenditure and revenue expenditure | |
| 2 | Deferred revenue expenditure | |
| 3 | Capital and revenue receipts | |
| 4 | Capital and revenue profit and loss |
| MODULE – 4 | DEPRECIATION AND INVENTORY | 8 HOURS |
|---|---|---|
| 1 | The nature of depreciation | |
| 2 | The accounting concept of depreciation | |
| 3 | Factors in the measurement of depreciation | |
| 4 | Inventory meaning | |
| 5 | Significance of inventory valuation | |
| 6 | Inventory record system | |
| 7 | Periodic and perpetual |
| MODULE – 5 | FINAL ACCOUNT | 8 HOURS |
|---|---|---|
| 1 | Trading account | |
| 2 | Profit and loss account | |
| 3 | Balance sheet | |
| 4 | Closing entries | |
| 5 | Uses and limitations of balance sheet | |
| 6 | Vertical as well as horizontal format |
| MODULE – 6 | ACCOUNTING FOR NON-PROFIT ORGANIZATION | 10 HOURS |
|---|---|---|
| 1 | Accounting procedures | |
| 2 | Receipts and payments accounts | |
| 3 | The distinction between receipts and payment accounts | |
| 4 | Income and expenditure account problems | |
| 5 | Bank reconciliation statement |
| MODULE – 7 | ACCOUNTING FOR HIRE PURCHASE AND INSTALLMENT SYSTEM | 10 HOURS |
|---|---|---|
| 1 | Calculation of interest | |
| 2 | Partial and full repossession | |
| 3 | Hire purchase trading (total cash price basis) | |
| 4 | Stock and debtors system | |
| 5 | Concepts of an operating and financial lease | |
| 6 | Independent branches (theory only) | |
| 7 | Concept-accounting treatment | |
| 8 | Important adjustment entries and preparation of consolidated profit and loss account and balance sheet. | |
| 9 | Computerized accounting system – Tally 9 | |
| 10 | Creation of voucher | |
| 11 | Recording of transactions | |
| 12 | Preparing reports | |
| 13 | Ledger accounts | |
| 14 | Trail balance | |
| 15 | Profit and loss account | |
| 16 | Balance sheet |
