FYBBI
Semester I Manan prakashan
Syllabus
1. Introduction to Accountingl Meaning, Scope, Objectives, Need, Importance and Limitations of Accountingl Basic Accounting Terminology
l Branches of Accounting
l Accounting Concepts, Conventions and Principles
l Double Entry System, Classifications of Accounts, Rules of Debit and Credit
l Writing of Journal Entries and Ledger, Sub-division of Journal and Trial Balance
2. Classification of Income and Expenses and Accounting Standards
l Classifications of Income, Expenditure and Receipts on the basis of Capital and Revenue
l Source Documents required for Practical Accounting
l Introduction to Bank Reconciliation Statement and Errors and their Rectification
l Accounting Standard 1, 2, 6, 8, 9, 10
l Understanding Fair Value Concept
l Overview of Ind-AS vis-a-vis International Financial Reporting Standards (IFRSs)
3. Issues of Shares, Stock Valuation and Hire Purchase
l Introduction to Issue of Shares
l Stock Valuation (FIFO and Weighted Average Method only)
l Hire Purchase Transactions (Calculation of Interest, Accounting as per Asset Purchase Method only, exclude Repossession)
l Introduction to Depreciation : Fixed Installment Method, Written Down Value Method, Change of Method
l Valuation of Goodwill (Problems based on Average Profit Method and Super Profit Method only)
4. Final Accounts
l Trading Account, Profit and Loss Account, Balance Sheet, Adjustment Entries
l Introduction to Accounts and Non-Profit Organisations
Additional Information
| BOARD | Maharashtra State Board |
|---|---|
| ISBN-13 | 978-93-89293-02-9 |
| AUTHOR | Ainapure & Ainapure |
| PUBLISHER | Manan Prakashan |
| ED | All |
| PAGES | 524 |
| SUBJECT | Financial Accounting – I FYBBI Semester I |
| LANGUAGE | English |
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