VEE SRMAD SOUTH GUJARAT UNIVE tnancial Accounting ¢Ssiluius etfective from Academic Year 202 22 awards) To impart basie accounting Knowledge as applicable to business To impart the further Know ledge of concepts, theories and principl application in the subject of accounting andtheir tructure of Balance $ Theory & Practical) introduction, meaning, definition, Purposes/ objectives of Preparation of Balance Sheet, Limitations of Balance Sheet overage of Balance Sheet : Equity & Liabilities(Shareholder's| liunds, Share application money pending allotment, Non- ‘urrent Liabilities and Current Liabilities) and Assets (Non- hect as per Companies Act 2013 | «1% junit Course C - Weightage | Theoretical Framework & practical Transaction 5% [Phe nature of financial accounting principles, concepts and conventions namely entity, money measurement, going | oncern, cost, realization, accruals, periodicity, consistency, | prudence (conservatism), materiality and full disclosures. | ale or Conversion of Parinership Firm to a Limited Company | Practical) 15% | 1 turrent Assets and Current Assets), Contingent Assets and “ontingent Liabilities {Concept of Dependent Branches: accounting aspects; debtors system, stock and debtors system. Branch Accounting (theory& Practical) 15% | 21p%} Bia Or Ara[Accounting Standards roduction, meaning and need for Accounting Standard. \Accounting Standard Board (ASB), Procedure for the issue of | Accounting Standards, Importance of Accounting Standards. | Concepts of IND-AS, | List of Accounting Standards (AS) prevailing list in India. | Discussion of AS | Valuation of Inventories (Introductory : Revenue Rec Cosi jgnment Accounts [nvoduction to Consignment, Difference between Sate and ‘Consignment, Perms used in consignment like Proforma Invoice, Normal & Abnormal Loss, Valuation of Closing | tock , General & Del-Credere Commission etc., Procedure for nsignment ‘Transactions, Accounting treatment i.e, Journal entries as well as Ledger accounts in the books of consigner rn consignee amples) ion (Introductory Transactions): fon introduction, meaning, features of Joint Venture, Difference tween Partnership and Joint Venture, Methods of keeping, coounts i. hen a separate set of books is kept for a Joint Venture and hen no separate set of books is kept for the Joint Venture enture 15% Tire Purchase Accounting System: Introduction, Nature of Hire Purchase Agreement, Special features of Hire Purchase Agreement, Terms used in Hire Purchase Agreements (namely hire vendor, hire purchaser, eash price, down payment, ire purchase installment and hire purchase price), Difference between hire Purchase and roject: Visit to a Branch of deparimental stove to explore accounting system followed to record fant ete on ical: Visit any deater/showroom to understand the concept if Hire Purchase or Installment System Note: Practical problems s Suggested field Activi knowledge 125%ssted Readings Sugg Gupta. R. Land Radhaswamy M. : Financial Accounting; Sultan Chand and Sons New Delhi Mongo J. R.. Ahuja Girish and Sehgal Ashok : Financial Accounting : Mayur Paper Back, Noida Shukla M. C., Gr New Delhi Agarwala A..N. Agarwal KN. : Higher Science of Accountancy; Kitab Mahal, Allahabad Rathnam & Hanumanta : Advanced Accounting ; Kitab Mahal - Agra Harishikesh Chakravorty : Advanced Accounting : Oxford University Press B.D. Agrawal, Financial Advanced Accounting Vol. I &ll : Premier Pub, Book Co, Delhi. Xavier : Advanced Accountaney ; Tata MeGraw Hill. - Ashok Sehgal& Deepak Sehgal : Financial Accounting ; Taxman Publications, -S. K. Bhattacharya : Accounting for Management ; Vikas Publisher. Compendium of Statenient and Standards Accounting : The Institute of Chartered Accountants of India, New Del Accounting Standards: Taxman Publications, New Delhi Das Gupta : Indian and International Accounting Standards, Sultan Chand & Sons, New Delhi Prin.T.RANA : Financial Accounting — 2 ; B.S.PRAKASHAN cyt Q Ne wal. S. and Gupta S$. C. : Advanced Accounts S. Chand & Co,