Business Accounting

Introduction to Financial Accounting- Definition and its usefulness, Scope and Limitations. Users of Accounting Information.
Generally Accepted Accounting Principles- Concepts and Conventions.
Recording of Transactions in Journal. three columns Cash Book , Preparation of Ledger Accounts

An overview of Subsidiary books – Purchase Book, Purchase Returns Book, Sales Book, and Sales Returns Book
Introduction to International Financial Reporting Standards (IFRS).
Depreciation Accounting -Methods of charging Depreciation –
Straight-line Method and Written-down-value Method.

Bank reconciliation statement: Need for reconciliation between Cashbook and bank passbook, problems relating to the preparation of Bank reconciliation statement
Preparation of Trial Balance.
Rectification entries: Classification of Errors, Location of Errors, Rectification of Errors, Suspense Account, Effect on profit

Preparation of Financial Statements: Preparing Trading Account, Profit & Loss Account and Balance Sheet for a Sole Proprietor.
Understanding contents of Financial Statements of a Joint Stock Company as per Companies Act 2013.

Introduction, Types of Companies, Types of Shares, SEBI Guidelines on Issue of Shares including Demat Account, Accounting for issue of shares, Right Issue, Bonus issue, Issue of Shares to Vendor, Sweat Equity Shares, Employees Stock Option Scheme (ESOS), Forfeiture and Reissue of Shares.