Financial Accounting
Year / Semester: 
1st Semester

The objective of this course is to acquaint students with the accounting concepts, tools and Techniques influencing business organizations


Accounting - Meaning, Nature, Functions and Significance. Types of Accounting, Accounting Equation, Concepts & Conventions. Review of Accounting cycle: Recording, Posting and Accounting Process, Journal, Ledger, and Trial Balance; Preparation of Trial Balance; Bank Reconciliation Statement, Preparation of Final Accounts of Sole Trader. Depreciation Accounting: Concepts and Methods (Straight Line and Written Down Methods only); Receipt and Payments Accounts; Income and Expenditure Accounts.

Suggested Readings: 
  1. S. N. Maheshwari and S. K. Maheshwari- Financial Accounting
  2. BS Raman, Financial Accounting
  3. Grewal and Gupta, Advanced Accounting
  4. Radhaswamy and R.L. Gupta, Advanced Accounting
  5. S.Kr. Paul, Advanced Accounting
  6. P.C. Tulsian, Pearson Editions, Introduction to Accounting
  7. Jain & Narang, Financial Accounting