ANNUAL ACADEMIC PLAN 2022-23

COMMERCE I YEAR
Month and Topics to be covered, Unit Tests, Periods
No. of Exams/ Assignments allotted for
Working each topic
Days
INTRODUCTION TO BUSINESS - UNIT I
July History of commerce in India – Classification of
human activities; economic and non – economic – 06
24 Types of economic activities; Business – Profession
and employment – concept- meaning – features –
objectives; corporate social responsibility of business.

Business Activities: concept of Industry and Commerce

– Hindrances involved in Commerce – Branches of
Commerce – Interrelationship between industry, trade 05
and commerce – Distinction betweenindustry, and
commerce.

Introduction to Accounting UNIT I Book keeping

– Accounting –Meaning, Advantages and
Disadvantages – Basic Accounting Terms – Accounting 05
Principles : GAAP- Concepts and Conventions, Basic
Accepted Accounting Principles –Classification of
Accounts – Journal – Meaning – Illustrations and
problems.

Forms of Business Organizations - UNIT II Meaning

and types of Business organizations: Concept of
business organization – forms of businessorganization. 04
Sole Proprietorship: Meaning – Features –
Advantages and disadvantages of sole
proprietorship.

Joint Hindu Family Business: Meaning – Features –

Advantages and disadvantages of joint Hindu Family
Business.
Co- operative societies : Meaning- definition- Features
and types – advantages and disadvantagesof co- 04
operative societies.
Assignment Test – I

Forms of Business Organizations - UNIT II

August Partnership: Meaning and definition– Features of 07
22 Partnership firm – Types of partners - Advantages and
disadvantages of partnership firm – Limited liability
partnership firm – Registration of partnership firm -
 Partnership deed –Rights and duties of partners –
Dissolution of partnership firm.

Part IILEDGER : UNIT I:Meaning – Postings -

Balancing of an Account. 03
SUBSIDIARY BOOKS UNIT II: Purchase Book –
Purchase Returns Book – Sales Book – Sales Returns 04
Book.

Joint Stock Company: Meaning – Definition as per

Companies Act 2013 – Features and Classification of
joint stock companies – Differences between private 07
company and public company- Advantages and
disadvantages of joint stock companies.
Unit Test – I 01
Assignment Test – II
FORMATION OF COMPANY AS 06
September PERCOMPANIES Act, 2013UNIT III
25 Formation of a company – Steps in formation of a
company – Promotion – Functions of Promoters –
Types of promoters – incorporation or registration of a
company – capital subscription.

Part II : CASH BOOKUNIT III

Types – Simple, Two column,Triple Column and 05
Petty cash book.

BANK RECONCILIATION STATEMENTS : UNIT III 13

Meaning – Importance - Reasons for differences
between Cash Book and Pass Book Balances
Preparation of BRS with favourable andunfavorable
balances.
Unit Test – II 01
Assignment Test – III
UNIT III: Commencement of
Business: Commencement of business – 08
Memorandum of Association- Articles of
October Association – Prospectus – Minimum
19 Subscription and Certificate of
Commencement of Business.

UNIT IV: SOURCES OF BUISNESS FINANCE:

Meaning of Business Finance – Nature and Need – 07
Significance of Business Finance – Classification of
Sources of funds – Factors determining the choice of
source of finance.
 Non – Institutional sources of Finance - Institutional
sources of Finance and Internationalsources of Finance. 03
Unit Test-III
Assignment – IV 01

DASERA HOLIDAYS
(FIRST TERM HOLIDAYS)
FROM 02-10-2022 TO 09-10-2022
TRIAL BALANCE AND RECTIFICAITON OF
November ERRORS 10
24 Unit IV:
Trial Balance: Meaning, Objectives – Preparation –
Methods – Totals method and Balance method.
05
Errors – Types – Errors Disclosed by Trial Balance
and Undisclosed Trial Balance – Rectification of
Errors - Suspense account – Journal Proper: Opening,
Closing and Adjusting Entries.

UNIT V: MSME’S and MNCs:

Meaning and definition of enterprise and MSMEs – 03
Registration requirements under MSMED Act, 2006 –
Significance of MSMEs – Privileges offered to MSMEs
– Other promotional measures for MSMEs.
MNCs: Meaning and definition – necessity of
globalization – MNCs _ Features – Advantages and
Disadvantages of MNCs.
Emerging trends inBusiness:
Meaning and Definition of E-Business – Scope of E –
Business –Benefits of E- Business – Opportunities of
business in 21st century.

Assignment – V

HALF YEARLY EXAMS 06

FROM 21-11-2022 TO 26-11-2022

FINAL ACCOUNTS: UNIT V:

December Meaning – Importance – Preparation of Trading account,
25 Profit and Loss account, Balance Sheet. Simple Problems 24
on Trading, Profit & Loss A/c andBalance Sheet.
Simple Adjustments: Closing Stock, Outstanding expenses,
Prepaid expenses, Accrued Income, Income received in
advance, Interest on Capital and drawings, Depreciation on
Assets, Bad debts and Provision for Bad debts. Problems on
Final Accounts with adjustments.
Unit Test – IV 01
Assignment – VI
January Problems on Final Accounts with adjustments. 23
23
 SANKRANTHI HOLIDAYS
(SECOND TERM HOLIDAYS)
FROM 13-01-2023 TO 15-01-2023
Revision of Commerce and Practice of Problems 15
February
22 PRE-FINAL EXAMINATIONS 07
From06-02-2023 to 13-02-2023

March Last working day – 31.03.2023

23 Summer Vacation 23
From 01-04-2023 to 31-05-2023
Supplementary Examinations
in last week of May 2023
Prepared by : BODDU SAIDULU, JL in Commerce,
GJC YACHARAM, RANGAREDDY, Dist.