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Fundamentals of Accounting Syllabus

This syllabus outlines the key topics covered in a fundamentals of accounting course, including the theoretical framework of accounting, the accounting process, inventories, depreciation, preparation of sole proprietor final accounts, special transactions such as consignments and bills of exchange, partnership accounts including admission and retirement of partners, and an introduction to company accounts covering the issue of shares and debentures.

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19 views1 page

Fundamentals of Accounting Syllabus

This syllabus outlines the key topics covered in a fundamentals of accounting course, including the theoretical framework of accounting, the accounting process, inventories, depreciation, preparation of sole proprietor final accounts, special transactions such as consignments and bills of exchange, partnership accounts including admission and retirement of partners, and an introduction to company accounts covering the issue of shares and debentures.

Uploaded by

anuragagarwal321
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Syllabus: Fundamentals of Accounting (60 Marks)

1. Theoretical Framework i. Meaning and Scope of accounting ii. Accounting Concepts, Principles and Conventions iii. Accounting Standards concepts, objectives, benefits
iv. v. Accounting Policies Accounting as a measurement discipline valuation principles, accounting estimates

2. Accounting Process i. Trial Balance ii. Capital and revenue expenditures iii. Capital and revenue receipts iv. Contingent assets and contingent liabilities v. Fundamental errors including rectifications thereof 3. Bank Reconciliation Statement 4. Inventories - Basis of inventory valuation and record keeping. 5. Depreciation accounting 6. Preparation of Final Accounts for Sole Proprietors 7. Accounting for Special Transactions i. Consignments ii. Joint Ventures iii. Bills of exchange and promissory notes iv. Sale of goods on approval or return basis. 8. Partnership Accounts i. Final accounts of partnership firms ii. Basic concepts of admission iii. Retirement and death of a partner iv. Treatment of goodwill. 9. Introduction to Company Accounts i. Issue of shares and debentures ii. Forfeiture of shares iii. Re-issue of forfeited shares iv. Redemption of preference shares.

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