B23-BBA-101 Financial Accounting
Part A – Introduction | |||
Subject | Business Administration | ||
Semester | I | ||
Name of the Course | Financial Accounting | ||
Course Code | B23-BBA-101 | ||
Course Type:
(CC/MCC/MDC/CC M/DSEC/VOC/DSE/PC/AEC/VAC) |
CC-A1 | ||
Level of the course (As per
Annexure-I |
Foundation-Level | ||
Pre-requisite for the course (if any) | None | ||
Course Learning Outcomes (CLO): | After completing this course, the learner will be able to: 1. Understand the accounting equations and the rules of recording accounting transactions.
2. Understand the recording of accounting transactions in the books of entry and the preparation of ledger accounts. 3. Understand the preparation of trial balance and reconciliation of accounting statements. 4. Analyze accounting transactions by preparing final accounts of statements for the profit and non-profit business entities. ____________________________________________ 5*. |
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Credits | Theory | Practical | Total |
4 | 0 | 4 | |
Contact Hours | 60 | 0 | 60 |
Max. Marks: 100
Internal Assessment Marks: 30 End Term Exam Marks: 70 |
Time: 3 Hours |
Part B- Contents of the Course | |||
Instructions for Paper- Setter
The Paper-Setter shall set nine questions in all and the question paper shall be divided into two parts. Part ‘A’ shall comprise four short answer type questions from the whole of the syllabus carrying 3.5 marks each, which shall be compulsory. Part ‘B’ shall comprise eight questions (two questions from each unit) carrying 14 marks each and the student will be required to attempt four questions selecting one question from each unit. |
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Unit | Topics | Contact
Hours |
|
I | Unit Basic Accounting-Nature, scope and objectives of accounting: accounting as information system, users of accounting information. Accounting equation: Accounting concepts and conventions, capital and revenue expenditure; Accounting principles, rules of accounting for recording the transaction for different accounts. | 15 | |
II | Journal and Ledger: Double Entry System; Journal and recording of entries in journal; Ledger- Posting from Journal to respective ledger accounts. Preparation of Cash book. | 15 | |
III | Trial Balance: Need and objectives; Preparation of Trial Balance; Different types of errors in preparation of trial balance and the rectification of errors. Preparation of Bank Reconciliation statement. | 15 | |
IV | Final Accounts: Preparation of Trading Account and Profit and Loss Account; Receipts and payments account, Preparation of Balance sheet for profit and non-profit organizations. | 15 | |
V* | |||
Suggested Evaluation Methods | |||
Internal Assessment:
➢ Theory ● Class Participation: 5 ● Seminar/presentation/assignment/quiz/class test etc.: 10 ● Mid-Term Exam: 15 ➢ Practicum ● Class Participation: ● Seminar/Demonstration/Viva-voce/Lab records etc.: ● Mid-Term Exam: |
End Term Examination: 70 |
Part C-Learning Resources |
Recommended Books/e-resources/LMS:
1. Gupta R. L.; Advanced Accounting; S. Chand & Sons. 2. Grewal T. S and M.C. Shukla; Advanced Accounting; S. Chand & Sons. 3. Williams, Haka, Bettner & Carcello; Financial and Managerial Accounting; McGraw Hill |