Paper Code: 1526

External Marks: 80

Internal Marks: 20

Time: 3 hrs.

Learning Objectives ? To make the learners familiar with various basic financial, costing concepts; ? This course aims to convey sufficient knowledge for an adequate interpretation, analysis and use

the information provided by financial accounting.

NOTE:

Instruction for external examiner: The question paper will have two sections. Section-A shall

comprise 8 questions (2 from each unit). In case, a Case Study is included in any unit, it will carry

equal marks. The students will be required to attempt four questions (one questions from each unit).

Section-B will contain 8 short answer questions from all the units equally carrying 3 marks. This

Section is mandatory.

UNIT-I

Meaning and scope of accounting, nature of financial accounting principles, basis of

accounting; accounting process – from recording of business transaction to preparation of

trial balance,

UNIT-II

Depreciation accounting; Preparation of Final Accounts (non-corporate entities) along with major

Adjustments, Rectification of errors; Accounts of non-profit organization, joint venture accounts,

Hire-purchase, lease and instalment purchase system accounting; Consignment accounts

UNIT-III

Management Accounting: Meaning, nature, scope; Marginal costing & profit planning; Budgetaryrole of budgets and budgeting in organizations; Budgetary Process, Operational & Financial

Budgeting.

UNIT-IV

Nature and types of financial statements, Techniques of financial statements, Analysis; Ratio

analysis, Fund flow and Cash flow analysis, Techniques in performance measurement.

SUGGESTED READINGS:

1. Gupta R.L. Advanced Accounting (S. Chand & Sons, New Delhi, Latest Ed.) Lottery Sambad

3. Monga, J.R. Financial Accounting, (Margin Paper Bank, New Delhi, Latest Ed.)

4. Maheshwari S.N. Advanced Accounting, (Vikas Publications, Latest Ed.)

5. Kaplan, S. Robert. Anthony A.Atikinson. Management Accounting, (Pearson Education, Latest Ed.)

6. Kishore M. Ravi, Cost and Management Accounting, (Taxman Publication. Latest Ed.)

7. Holman, Louderbock. Management Accounting, (Cenage Publication, Latest Ed.)

8. Khan & Jain. Management Accounting, (Tata MacGraw Hill Publication, Latest Ed.)