- 5 Sections
- 23 Lessons
- Lifetime
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- Unit - I Introduction to Accounting5
- 1.1Evolution of Accounting and Need for Accounting
- 1.2Book-Keeping and Accounting – Meaning, definition and characteristics
- 1.3Relationship between Book-Keeping, Accounting and Accountancy, Accounting as a language of business,
- 1.4Objectives, Advantages and Limitations of Accounting, Accounting as an information system
- 1.5Users of accounting information, Branches of Accounting, Accounting Cycle.
- Basic Accounting Concepts7
- 2.1Accounting Principles (GAAP), Concepts and Conventions
- 2.2Accounting Standards: Concept and Objectives
- 2.3IFRS: Concept and Objectives,
- 2.4Basic Terms: Event, Transaction, Vouchers, Debtors, Creditors, Purchases, Sales, Assets, Liabilities, Goods, Stock, Profit, Loss, Expense, Revenue, Income, Drawings and Capital
- 2.5Accounting Equation: Meaning and Preparation, System of Record Keeping
- 2.6Double Entry System and Single Entry System, Basis of Accounting : Cash Basis, Accrual Basis and Hybrid Basis,
- 2.7Classification of Accounts: British Approach and American Approach Rules of Debit and Credit.
- Unit - II Journal, Ledger and Trial Balance5
- Unit - III Bills of Exchange and Computerized Accounting3
- 4.1Bills of Exchange : Meaning, Definition, Parties, Specimen, Distinction Between bills of Exchange and Promissory note, Important Terms – Demand Bill, Time Bill, Terms of Bills, Days of Grace, Calculation of Due Date,
- 4.2Treatment of Bill – Accounting Treatment
- 4.3Computerized Accounting Computers and its Components, Functions, Need and Advantages of Computerized Accounting, Accounting Information System (AIS)
- Unit -IV Rectification of Errors and Bank Reconciliation Statement3