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Swayam Central

Financial Accounting

By C.S. Dr. Manish Sitlani   |   Devi Ahilya Viswavidyalaya, Indore

The broad course content include introductory aspect (consisting of key concept / terms, definitions of key terms, need and necessity of financial accounting), Introduction to conceptual part of double entry accounting process / accounting cycle, and a broad understanding of each stand of double entry accounting process including Journalizing, Ledger posting, Summarizing and preparation of final accounts.The course also discuss the treatment of various adjustments in course of preparation of final accounts.
“Lecturing and demonstration” are the basic pedagogy adopted for this course.

The basic objective behind this course is to provide a conceptual understanding of double-entry system accounting process to the target learners. This course will facilitate understanding of key concept associated with finance and accounting and will also help the learners to understand the double-entry accounting process. Simultaneously the course will also offer hands on to the learners through structured numerical problems, there by meeting the basic objective of a clear understanding of financing and double-entry accounting.

SUMMARY

Course Status : Upcoming
Course Type : Elective
Duration : 12 weeks
Start Date :
End Date :
Exam Date :
Category :
Level : Undergraduate

COURSE LAYOUT

Weeks Weekly Lecture Topics
Week 1 1. An Introduction to Financial Accounting Part – I
2. An Introduction to Financial Accounting Part - II
3. Double Entry System of Accounting : An Introduction

Week 2 4. Journalizing  Part -I
5. Journalizing  Part -II
6. Double Entry Accounting Process and Introduction to Journal

Week 3 7. Sub-Division Of Journal Part - I
8. Sub-Division Of Journal Part - II
9. Cash Book Part - 1

Week 4 10. Cash Book (Part - II) Three Column Cash Book
11. Cash Book (Part - III) Petty Cash Book
12. Double Entry Accounting Process(Stage - II) Ledger Posting Part-I

Week 5 13. Double Entry Accounting Process(Stage - II) Ledger Posting Part- II
14. Double Entry Accounting Process (Stage – III) - Summarizing 
15. Bank Reconciliation Statement - I

Week 6 16. Bank Reconciliation Statement - II
17. Errors And Their Rectification Part - I 
18. Errors And Their Rectification Part - II

Week 7 19. Errors And Their Rectification Part - III
20. Accounting Process Stage –4 Finalizing-I 
21. Accounting Process Stage – 4 Finalizing - II

Week 8 22. Accounting Process Stage – 4 Finalizing - III
23. Adjustments In Final Accounts Part - I
24. Adjustments In Final Accounts Part - II
25. Adjustments In Final Accounts Part - III

Week 9 26. Adjustments In Final Accounts Part - VI 
27. Adjustments In Final Accounts Part - V

Week 10 28. Preparation Of Final Accounts With Adjustments, Part - I
29. Preparation Of Final Accounts With Adjustments, Part - II
30. An Introduction To Depreciation Accounting

Week 11 31. Depreciation Accounting : Fixed Instalment Method
32. Depreciation Accounting : Fixed Instalment Method (Numerical Problem)
33. Depreciation Accounting : Written Down Value Method

Week 12 34. Depreciation Accounting : Written Down Value Method(Numerical Problem)

BOOKS AND REFERENCES

•  Maheshwari & Maheshwari (2008), Financial Accounting, Vikas Publishing House Pvt. Ltd., New Delhi

•  Mukherjee & Hanif (2005), Financial Accounting, Tata McGraw Hill Publication Company, New Delhi

•  Horngren et Al. (2005), Introduction toFinancial Accounting, Pearson Prentice Hall Publication

INSTRUCTOR BIO



C.S. Dr. Manish Sitlani is a Ph. D. in commerce and a qualified company secretary. He also claims to his credit two post graduations, one in Commerce, and another in Management (Finance). He has more than 20 years of teaching experience at post graduation & under graduation level, apart from 3 years of industry experience.

His contribution to academic research is noted through more than 30 research papers/ articles at national/international levels across more than 10 years.

COURSE CERTIFICATE

30% for in Course Assessment & 70% of End-term Proctored Exam.

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