Accountancy

Unit Name Topic Name
 Accounts from Incomplete Records* Introduction
* Meaning of incomplete records
* Features of incomplete records
* Limitations of incomplete Records
*  Difference between double entry system and incomplete records
*   Ascertaining profit or loss from incomplete records through statement of affairs
** Calculation of Profit or loss through statement of affairs
** Steps to be followed to fine out the profit or loss by preparing statement of affairs
** Statement of affairs
** Format of statement of affairs
** Difference between statement of affairs and balance sheet
*   Preparation of final accounts from incomplete records
**  Steps to be followed to prepare final accounts from incomplete records
** (i)Format of total debtors account
*(ii) Format of Bills Receivables account
  (iii) Format of total creditors account
  (iv) Format of Bill Payable account”
 Accounts of Not – For – Profit  Organisation*  Introduction
*  Features of not for profit organisation
*  Receipts and Payments Accounts
** Steps in preparation of receipts and payment account
*   Items peculiar to not for proftit organisation
*  Income and expenditure account
** Steps in preparation of income and expendoture Account
** Format of income and expenditure account
** Difference betweeen receipts and payments account and income and expenditure account
** Treatment of Revenue Receipts
 Accounts of Partnership Firms – Fundamentals* Introduction
*  Meaning, definition and features of partnership
** Meaning and Definition of partnership
** Features of partnership
* Partnership Deed
** Contents of Partnership Deed
*   Application of the Provision of the Indian Partnership Act 1932 in the absence of Partnership Deed
** Difference between Fixed Capital Method and Fluctuating Capital Method
*  Interest on Capital and Interest on Drawings of parterners
** Interest on Capital
** Calculation  Interest on Capital
** Interest on Drawings
** Calculation  Interest on Drawings
* Salary and Commission to Partnership”
  Good Will in Partnership Accounts*  Introduction
*  Nature of Goodwill
*   Factors determining the value of the good will of the partnership firm
*   Need for valuation of Goodwill of partnership firms
*  Classification of  Goodwill
*  Method of valuation of Goodwill
** Average profit method
** Super profit method”
 Admission of a Partner*  Introduction
*  Adjustments required at the time of admission of a partner
*  Distribution of accumulated  profits, reserves and losses
*  Revaluation of assets and liabilities
* When revised value of assets and liabilities are shown in the books
*  New profit sharing ratio and sacrificing ratio
** New profit sharing ratio
** Sacrificing ratio
*  Adjustment of capital on the basis of new profit sharing ratio all comprehensive problem except treatment of good will”
 Retirement And Death of a Partner* Introduction
*  Adjustments required on retirement of a partner
*  Distribution of accumulated profits, reserves and losses
* Revaluation of assets and liabilities
*  Determination of new profit sharing ratio and gaining ratio
** New profit sharing ratio
** Gaining ratio
** Difference between sacrificing ratio and gaining ratio”
Company Accounts* Introduction
* Meaning and definition of company
* Characteristics of a Company
* Meaning and types of shares
* Division of share capital
* Issue of equity shares
* Process of issue of equity shares
*  Issue of shares for cash in instalments
** Under subscription
** Over subscription
** Shares issued at premium
* Issues of shares for cash in lumpsum
*   Issues of shares for consideration other than cash
 Financial Statement Analysis*  Introduction
*  Financial Statements companies
*  Financial Statement analysis
* .. Meaning of financial statement analysis
* .. Objectives of financial statement analysis
* ..  Limitations of   financial statement analysis
*  Tools of financial statement analysis
*  Preparation of comparative statements
*  Preparation of common size statements
 Ratio Analysis* Introduction
* Meaning of accounting ratios
* Computation of ratios
** Liquidity ratios
** Long term solvency ratios
** Profitability ratios
 Computerised Accounting Systems-Tally* Introduction
*  Application of Computerised Accounting System
* Automated Accounting System
* Designing the accounting reports
*  Data Exchange with other information system
*  Practical application of accounting software Tally. ERP 9