Advanced Accountancy I

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COURSE Advanced Accountancy-I (2021)

TITLE
Course Learning Outcomes: On successful completion of the module students will be able to:

1. Point 1: To students will be able to read and interpret financial statements with the
help of tools such as ratio analysis.
2. Point 2: Will get well versed with the use of Excel for accounting
3. Point 3: Will be able to use and generate TDS report on Excel.
Gist of this The course is designed to enable students to use accounting knowledge for
course in practical application. To promote the use of excel for accounting among
maximum students.
3 to 4 lines
Detailed syllabus
No. of
Unit CONTENTS OF THE COURSE Lectures
Topic: General Insurance Claim Accounts
Claim for Loss of Stock
1.1 Introduction
1.2 Procedure for calculation
1.3 Average clause
1.4 Treatment of abnormal items of goods
1. 1.5 Under and overvaluation of stock 12
Claim for Loss of Profit
1.6 Introduction
1.7 Indemnity under policy
1.8 Some important items
1.9 Procedure for ascertaining claims

2. Topic: Accounts for Incomplete records (Single Entry)


2.1 Introduction
2.2 Ascertainment of Profit or Loss of sole traders 16
2.3 Method and conversion of single entry into double entry

3. Topic: Ration Analysis


3.1 Ratio Analysis
3.2 Objectives and nature of ratio analysis
3.3 Problems on Ratio Analysis
10
3.3.1 Return on Investment
3.3.2 Profitability Ratios
3.3.3 Gross Profit Ratio
3.3.4 Net Profit Ratio
3.3.5 Operating Ratio
3.4 Turnover Ratios
2.4.1Stock Turnover Ratio
3.4.2 Debtors Turnover Ratio
3.5 Liquidity Ratios
2.5.1 Current Ratio
2.5.2 Liquid Ratio
3.6 Solvency Ratios
3.6.1 Debt Equity Ratio
3.6.2 Proprietary Ratio
3.6.3 EPS Ratio
3.6.4 PE Ratio

4. Topic: Basic Financial management for individuals


Financial management with the help of Single entry, understanding
Balance Sheet & savings position without maintaining books of
account, ratio analysis for calculating certain ratios for individual 10
financial management and use of excel formulae for financial
management

5. Topic: Accounting for TDS


Tax deduction entries in Tally, generation of TDS returns using tally 6
software
Total Number of Lectures 54
Suggested Reference Book:
1. By P. C. Tulsian (Tata Mc-Graw-Hill Publishing Co. Ltd., New Delhi)
2. Financial Accounting: By A. Mukherji & M. Hanif (Tata Mc-Graw-Hill Publishing Co. Ltd.,
New Delhi)
3. Financial Accounting: By S.N.Maheshwari & S.K.Maheshwari (Vikas Publishing House Pvt.
Ltd.)
4. Advanced Accounts: By M.C.Shukla & S.P.Grewal (S.Chand & Co. Ltd., New Delhi)
5. Advanced Accountancy: By S.P.Jain & K.N.Narang (Kalyani Publishers, New Delhi)
6. Advanced Accountancy: By R.L.Gupta & M. Radhaswamy (Sultan Chand & Sons, New Delhi)
Suggested Journals
1. The Chartered Accountant: Monthly journal by Institute of Chartered Accountants of India
2. The Accounting World: ICFAI Hyderabad

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