New Syllabus

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

 Define rules of accounting for measurement and disclosure of financial information.
 Demonstrate the preparation of books of accounts
 Analyze and interpret published financial information.
 Evaluate financial performance of a business for decision-making.
 Adapt knowledge on issue of Shares and Debenture.
 Elaborate basic operations of 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
100% N.A 60
Theory Assessment (L&T):
Continuous Assessment/Internal Assessment End Term
Examination
Components (Drop CT Project Assignment HA A
down)
Weightage (%) 15 10 10 5 60
Text Reading: (Latest Edition)

1. Lal, Jawahar and Seema Srivastava, Financial Accounting, Himalaya Publishing House.
2. Monga, J.R., Financial Accounting: Concepts and Applications, Mayoor Paper Backs, New Delhi.
References:
1. Shukla, M.C., T.S. Grewal and S.C.Gupta. Advanced Accounts. Vol.-I. S. Chand & Co., New Delhi.
2. N. Maheshwari, Financial Accounting, Vikas Publication, New Delhi.
3. T S, Grewal, Introduction to Accounting, S. Chand and Co., New Delhi
4. P.C. Tulsian, Financial Accounting, Tata McGraw Hill, New Delhi.
Mapping Continuous Evaluation Components/PSDA with CLOs
Bloom’s Level > Remembering Understanding Applying Analysing Evaluating Creating
Course Learning CLO1 CLO2 CLO3 CLO4 CLO5 CLO 6

Outcomes Define rules of Demonstrate the Analyze Evaluate Adapt Elaborate
accounting for preparation of and financial knowledge basic
measurement and books of accounts interpret performance on issue of operations
Assessment disclosure of published of a business Shares and of
type/PSDA financial financial for decision- Debenture. accounting
information. information making. software to
. process
financial
accounting
information
.
Assessment   
Component
1 Class Test
2. Presentation     √
3. Home Assignment   
4. End term     

New Syllabus

Uploaded by

Copyright:

Available Formats

New Syllabus

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

New Syllabus

Uploaded by

Copyright:

Available Formats

L T P SW/F TOTAL

Course Learning Outcomes

Assessment/ Examination Scheme:

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

Text Reading: (Latest Edition)

Bloom’s Level > Remembering Understanding Applying Analysing Evaluating Creating

Course Learning CLO1 CLO2 CLO3 CLO4 CLO5 CLO 6

You might also like