Business Accounting Practical

Paper Code: 
24CBBA204
Credits: 
2
Contact Hours: 
30.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to develop preliminary skills in recording diverse financial transactions and compiling financial statements for practical application.

 

Course Outcomes: 

Course

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

Course Code

Course Title

24CBBA204

Business Accounting Practical

 

(Practical)

CO73: Analyze the process of creating a comprehensive business plan and journalize business transactions.

CO74: Develop an application skill in preparation of ledger accounts and trial balance.

CO75: Identify the difference between the cash book and pass book transactions in Bank Reconciliation Statement.

CO76: Construct a comprehensive financial statement of a firm within the framework of Indian Accounting Standards.

CO77: Assess and synthesize critical factors affecting the success or failure of selected company IPOs.

CO78: Contribute effectively in course specific interaction.

Approach in teaching:

Interactive sessions, Case Study Discussions, Reading assignments, Quiz

 

Learning activities for the students:

Self -learning assignments, Classroom presentations, Solving question-based problems

Continuous Assessment Test, Semester End Examination, Presentation, Individual and group projects, Quiz, Task-based exercises to assess students’ understanding, Project file and Viva-voce

 

6.00

Develop a comprehensive business plan for a fictional company and journalize a series of business transactions   as per accounting standards.

 

6.00

Create ledger accounts, apply accounting principles for closure, and compile a trial balance 

6.00

Application based questions on Bank Reconciliation Statement 

6.00

Undertake a project task focusing on formulating Trading, Profit & Loss, and Balance Sheet of a firm.

 

6.00

Prepare a project report to analyze the critical factors influencing the success or failure of the selected companies’ IPOs.

Essential Readings: 
  1. Maheshwari, S. N., An Introduction to Accountancy, Vikas Publishers, New Delhi
  2. Mukharjee, A. and Hanif, M., Modern Accountancy, Tata McGraw Hill, New Delhi
  3. Sehgal, Ashok and Sehgal, Deepak, Fundamentals of Financial Accounting, Taxmann Allied Services, New Delhi.  
  4.  T.P. Ghosh, Financial Accounting for Managers: Taxmann Allied Services Pvt.Ltd.
  5. Jain, Khandelwal and Pareek, Financial Accounting, Ajmera Book Company, Jaipur

 

 

References: 
  1. Sharma, Gupta and Khandelwal,Financial Accounting, RBD Publishing House
  2. Tulsian, P.C., Accountancy, Tata McGraw-Hill, New Delhi
  3. Goel, D.K. and Goel, Rajesh, Accountancy, Arya Publications, New Delhi
  4. Ghosh, T.P., Fundamentals of Accounting, Sultan Chand & Sons, New Delhi.

 

       E- resources:

  1. Ellbrary.in.pearson.com
  2. https://youtu.be/LzVZuBIsusU
  3. www.accountingcoach.com
  4. https://onlinelibrary.wiley.com/journal/1475679x
  5. https://www.inderscience.com/jhome.php?jcode=ijbaaf
  6. https://lyryx.com/introduction-financial-accounting/

 

 

 

Academic Year: 
2024-2025
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