वित्तीय लिखांकन (Financial Accounting) Syllabus For B.Com. 1st Year of Various Universities of Chhattisgarh

The course aims to help learners to acquire conceptual knowledge of financial accounting to import skills for recording various kinds of business transactions with G.S.T. and to prepare financial statements.
Unit-I : Accounting : An Introduction : Development, Definition, Needs, Objectives, Branches of Accounting, Basic Accounting Principles Concepts and Conventions. Accounting Standard : National and International.
Accounting Transaction : Concept of Single and Double Entry System, Books of Original Records, Journal, Ledger, Sub-Division of Journal Cashbook (including GST Transaction) and Trial Balance.
Unit-II : Final Accounts: Manufacturing Accounts, Trading Accounts, Profit and Loss Account, Balance Sheet, Adjustment Entries with Various Provision and Reserves. Rectification of Errors : Classification of Errors, Location of Errors, Rectification of Errors, Suspense Account, Effect on Profit.
Depreciation Accounting, Methods of Recording Depreciation, Methods for Providing Depreciation, Depreciation of Different Assets, Indian Accounting Standard and Income Tax.
Unit-III : Computerized Accounting System (using any popular accounting softwere), Creation of Vouchers, Recording Transactions, Preparing Reports, Cash Book, Bank Book, Ledger Accounts, Trial Balance, Profit and Loss Account, Balance Sheet, Fund Flow Statement, Cash Flow Statement, selecting and Shutting a Company, Backup and Restore data of a Company.
Unit-IV : Accounting for Hire-Purchase Transaction, Journal Entries and Ledger Account in the Books of Hire Venders and Hire Purchase for Large Value Items including Default and Repossession. Consignment: Features, Accounting Tratment in the books of the Consignor and Consignee.
Accounting for Inland Branches : Concept of Dependent and Independent Branches, Accounting Aspects, Debtor’s System, Stock and Debtor’s System, Branch Final Accounts System and wholesale Basis System. Preparation of Consolidated Profit and Loss Accounts and Balance Sheet with Adjustment. 15 Lectures
Unit-V : Joint Venture : Features, Accounting Procedures, Joint Bank Account, Records Maintained by Co-venturer of (a) All Transactions, (b) Only his Own Transactions.
(Memorandum Joint Venture Account). Partnership Account : Dissolution of a partnership Firm, Amalgamation of Partnership Firms, Conversion of Partnership Firm into Limited Liability Company.

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