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Bhum219l Principles-Of-Accounting TH 1.0 0 Bhum219l

The document outlines the course BHUM219L - Principles of Accounting, detailing its objectives, outcomes, and syllabus structure. It covers fundamental accounting concepts, financial statement preparation, accounting standards, and the application of accounting information systems. The course includes various modules, each focusing on different aspects of accounting, and provides a list of recommended textbooks and evaluation methods.

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Mukesh Singh
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80 views2 pages

Bhum219l Principles-Of-Accounting TH 1.0 0 Bhum219l

The document outlines the course BHUM219L - Principles of Accounting, detailing its objectives, outcomes, and syllabus structure. It covers fundamental accounting concepts, financial statement preparation, accounting standards, and the application of accounting information systems. The course includes various modules, each focusing on different aspects of accounting, and provides a list of recommended textbooks and evaluation methods.

Uploaded by

Mukesh Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Item 69/34 - Annexure - 31

Course Code Course Title L T P C


BHUM219L Principles of Accounting 3 0 0 3
Pre-requisite NIL Syllabus version
1.0
Course Objectives
1. To understand the Accounting fundamental concepts and principles.
2. To know the accounting Process and preparation of Financial Statements.
3. To analyse the financial statements for business decision making.

Course Outcomes
Upon successful completion of the Course the students will be able to
1. Acquire knowledge on double entry system of book keeping.
2. Prepare the Financial Statements
3. Develop understanding on Global and Indian Accounting Standards.
4. Apply different depreciation methods for capital assets.
5. Analyse, interpret and use accounting data in managerial decision making.
6. Acquire knowledge on Accounting Information System

Module:1 Fundamentals of Accounting 6 Hours


Fundamentals of Accounting – Meaning – Scope, Objects and limitations; Financial
Accounting – Role of Financial Accounting – Differences – Financial Accounting -
Management Accounting – Accounting concepts & convention - Bank Reconciliation
Statement
Module:2 Accounting Framework 5 Hours
Capital and Revenue items - Double Entry System - Introduction to Journal - Ledger
and Procedure for Recording and Posting - Introduction to Trial Balance
Module:3 Accounting Standards 5 Hours
IFRS - GAAP – Ind AS - Specific Standards - AS 1 : Disclosure of Accounting
Policies - AS 2 : Valuation of Inventories - AS 3 : Cash Flow Statements - AS 10 :
Property, Plant and Equipment - AS 11 : The Effects of Changes in Foreign
Exchange Rates - AS 12 : Accounting for Government Grants - AS 13 : Accounting
for Investments - AS 16 : Borrowing Costs
Module:4 Financial Statements and Analysis 9 Hours
Financial Statements - Meaning and Components of Financial Statements -
Preparation of Final Accounts - Profit and Loss Account - Balance Sheet – Problems
with Simple Adjustments. Comparative Financial Statement – Common Size
Financial Statements and Trend Analysis – Key Ratios
Module:5 Depreciation 6 Hours
Depreciation – Concepts – Causes – Methods of Deprecation – Problems on
Straight Line Method and Written Down Value Method.
Module:6 Accounts from Incomplete Records 6 Hours
Single Entry System – Features - Advantages – Disadvantages - Single Entry
Versus Double Entry- Statement of Affairs – Meaning – Profit Calculation.
Module:7 Accounting Information System 6Hours
Application of Computers in Accounting- Data analytics in Accounting – Frauds and
Errors – Controls. Revenue Cycle – Expenditure Cycle – Production Cycle- Payroll
Accounting- Introduction to ERP, Accounting Softwares and Core Banking
Module: 8 Contemporary Issues 2 Hours

Total Lecture hours: 45 hours

Proceedings of the 69th Academic Council (16.03.2023) 240


Item 69/34 - Annexure - 31

Text Book(s)
R.L. Gupta and V. K Gupta, (2019) Principles and Practice of Accountancy,
1.
Sultan Chand and Sons
S.P. Jain, K.L. Narang, Simmi Agrawal and Monika Sehgal (2018), Financial
2.
Accounting, Volume 1, 21st Edition, Kalyani Publishers, New Delhi
Reference Books
M.C. Shukla, T.S. Grewal and S.C. Gupta, (2022), Advanced Accounts Volume
1.
1, 19th Edition, S. Chand Publishing, New Delhi
S.N. Maheshwari, CA S.K. Maheshwari and S.K. Maheshwari, (2018), Advanced
2.
Accountancy, Volume 1, 11th Edition, Vikas Publishing House Ltd., New Delhi
T. Horngren Charles, L. Sundern Gary, A. Elliott John, R. Philbrick Danna,
3.
(2017), Introduction to Financial Accounting, Pearson Education, India
Mode of Evaluation: CAT / Assignment / Quiz/ Final Assessment Test
Recommended by Board of Studies 06-03-2023
Approved by Academic Council No. 69 Date 16-03-2023

Proceedings of the 69th Academic Council (16.03.2023) 241

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