Conceptual Framework of Accounting

By CA Amita Bissa | Jai Narain Vyas University, Jodhpur

Learners enrolled: 3308

This course deals with familiarizing students with the conceptual and theoretical framework of accounting and making them understand the art and science of applying fundamentals of accounting concepts and conventions and to present the financial statements in the true and fair manner. The students shall be provided practical labs to apply the accounting concepts via application software like Tally ERP, Busy etc. The special accounting treatments like Joint venture, Hire Purchase, Consignment etc shall also be taught.

Summary

Course Status :	Completed
Course Type :	Core
Duration :	15 weeks
Category :	Commerce
Credit Points :	4
Level :	Undergraduate
Start Date :	15 Jul 2019
End Date :	31 Oct 2019
Exam Date :

Page Visits

Course layout

Week 1 1. Introduction

2. Accounting as Information System

3. Theoretical framework of accountingWeek 1

Week 2 1. Financial accounting Part-1

2. Financial Accounting Part-2

3. Financial Accounting Part-3

4. Accounting Standards as Introduction

5. Accounting Standards Part -1 (34)

Week 3 :

1. Accounting Standards-2 (39)

2. Accounting Standards-3 (40)

3. Accounting Standards-4 (41)

Week 4 :

1. Journal Entries (31)

2. Leger Posting and Trial balance (32)

3. Journalizing Transactions (33)

4. Trial balance and Rectification of errors (35)

Week 5 : 1. Final accounts Part -1 (36)

2. Final account Part -2 (37)

3. Final account Part -3 (38)

Week 6 : 1. Introduction to IND AS

2. Study of Indian Accounting Standards

3. Accounting Process

Week 7 : 1. Preparation of Balance Sheet

2. Computerized Accounting System

3. Practical Lab

Week 8 : 1. Processing Transactions in Tally

2. Recording Transactions in Tally

3. Functionality of Tally

Week 9

: 1. Inventory Management

2. Depreciation

3. Methods of Depreciation

Week 10 : 1. Inventory Management: Getting functional with tally

2. Different Methods of Inventory Valuation

3. Concept of Revenue and Capital

Week 11 : 1. Hire Purchase Accounting

2. Consignment- Part-1

3. Consignment Part-2

Week 12 : 1. Joint Venture

2. Branch Accounting -1

3. Branch Accounting-2

4. Partnership

Books and references

1. Robert N Anthony, David Hawkins, Kenneth A. Merchant, Accounting: Text and Cases. McGraw-Hill Education, 13th Ed. 2013.

2. Charles T. Horngren and Donna Philbrick, Introduction to Financial Accounting, Pearson Education.

3. J.R. Monga, Financial Accounting: Concepts and Applications. Mayur Paper Backs, New Delhi.

4. M.C.Shukla, T.S. Grewal and S.C.Gupta. Advanced Accounts. Vol.-I. S. Chand & Co., New Delhi.

5. S.N. Maheshwari, and. S. K. Maheshwari. Financial Accounting. Vikas Publishing House, New Delhi.

6. Deepak Sehgal. Financial Accounting. Vikas Publishing H House, New Delhi.

7. Bhushan Kumar Goyal and HN Tiwari, Financial Accounting, International Book House

8. Goldwin, Alderman and Sanyal, Financial Accounting, Cengage Learning.

9. Tulsian, P.C. Financial Accounting, Pearson Education.

10. Compendium of Statements and Standards of Accounting. The Institute of Chartered Accountants of India New Delhi

Instructor bio

CA. Amita Bissa is a practicing Chartered Accountant and industry expert for subjects of commerce with various educational institutions. She has wide and rich experience of 15 years in the field of commerce and accounting. She has delivered more than 200 lectures for e-content under NHMRD project with EMMRC -Jodhpur. She has been trainer at Management courses run by ICAI – Jodhpur. She has been co-opted member of Valuation Board ICAI-Delhi for the year 2018-19 and examiners to various professional institutions.