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Syllabus BCA-SEM-II-FC-102 ( Foundation Course )

Fundamentals of Accounting

Gujarat University FY BCA Sem - II New Syllabus (Revised) Effective from June, 2011

Course Introduction:
This course introduces the terminology employed in accounting circles, the principles used in basic accounting and their maintenance.

Objectives:
  1. To impart basic accounting knowledge & to ensure working knowledge amongst students for the subject.
  2. To give overview regarding various cost components, and their valuation techniques.
  3. To familiarize with the basic computerized accounting.

No. of Credits:2
Theory Sessions per week:3
Teaching Hours: 40 hours


UNIT
TOPICS / SUBTOPICS
 TEACHING HOURS
 
 
1. Introduction to accounting
10 Hours
  • Principle of double entry book keeping
5 Hours
    • Meaning, Importance & scope of accounting
    • Accountancy, accounting and book keeping
    • Distinction between book keeping and accounting
    • Branches of accounting
    • Double entry system of accounting
    • Accrual basic & cash basis of accounting
    • Accounting equation
  • Generally accepted accounting principles:
5 Hours
    • Meaning of Generally accepted accounting principles
    • Basic assumptions and principle of accounting
2. Journalizing, Posting, Balancing and preparation Subsidiary books
10 Hours
  • Journalizing, Posting, Balancing
4 Hours
    • Meaning & classification of account
    • Rules of debit and credit
    • Meaning and format of journal
    • Meaning of journalizing
    • Ledger and its format
    • Balancing
  • Subsidiary books
6 Hours
    • Meaning and types of cash book
    • Trade and cash discount
    • Three column cash book, petty cash book, purchase book, sales book, purchase return book & sales return book
3. Preparation of financial statements:
10 Hours
  • Meaning and utility of financial statements
  • Recognition of assets, liabilities, income and expense
  • Preparation of trading, profit & loss account and final balance sheet of trading company, partnership firm and joint stock companies ( both horizontal and vertical form) with simple adjustments
10 Hours
4. Introduction to cost accounting
10 Hours
  • Cost accounting
2 Hours
    • Meaning, objectives
    • Functions of cost accounting
    • Brief introduction to elements of cost
      (including fixed , variable and semi variable cost)
3 Hours
  • Material cost control
3 Hours
    • Meaning, Objectives, Classification of material cost, Determination of various levels and Problems on LIFO, FIFO & weighted average
  • Direct labour cost control
2 Hours
    • Meaning
    • Objectives
    • Classification of the labour cost
    • Determination of the labour cost by time wage
    • Piece wage and incentive plans ( including Halsey, Rowan plan)
  • Computerized accounting
    • Overview of Financial accounting software (Tally, Ex. Microsoft Financial)

Textbook:  
   
Financial Accounting  
Publisher: Pearson Education  
By P.C. Tulisan  
(For unit 1 refer chapter 1, 2 & 5,Unit 2 refer chapter 6, 7 & 8,Unit 3 refer chapter 9)  
   
   

Textbook:
 
Cost Accounting
Publisher: Tata McGraw-Hill
By M.Y. Khan & P.K.Jain
(For unit 4 refer chapter 1, 2, 3 & 4)

Reference Books:
 
Financial Accounting Theory And Practice
Publisher:Tata Mc. Graw Hill
By Prassna Chandra

Reference Books:
 
Financial Managemant
Publisher: Vikas Publishing House
By Vikas Publishing House

Reference Books:
 
Cost Accounting
Publisher: Tata Mc. Graw Hill
ByJawaharlal

Reference Books:
 
Financial & Cost Accounting
Publisher: Sultanchand & Sons
By S.N. Maheshwari

Reference Books:
 
Cost Accounting
Publisher: Pearson Education
By Dutta

 

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