Four Frameworks of Accounting (Conceptual, Legal, Institutional, and Regulatory)
Accounting Principles, Concepts, and Conventions
Capital and Revenue Transactions - Capital and Revenue Expenditures, Capital and Revenue Receipts
Accounting Cycle – Charts of Accounts and Codification Structure, Analysis of Transaction – Accounting Equation, Double Entry System, Books of Original Entry, Subsidiary Books, and Finalisation of Accounts
Journal (Day Books and Journal Proper - Opening Entries, Transfer Entries, Closing Entries, Adjustment entries, Rectification entries), Ledger
Cash Book, Bank Book, Bank Reconciliation Statement
Trial Balance (Preparation and Scrutiny)
Adjustments and Rectifications
Depreciation and Amortisation
Adjustment Entries and Rectification of Errors
Accounting Treatment of Bad Debts and Provision for Doubtful Debts, Provision for Discount on Debtors, and Provision for Discount on Creditors
SECTION B: ACCOUNTING FOR SPECIAL TRANSACTIONS [10%]
2. Bills of Exchange, Consignment, Joint Venture - 10%
SECTION C: PREPARATION OF FINANCIAL STATEMENTS [20%]
3. Preparation of Final Accounts of Commercial Organisations, Not-for-Profit Organisations, and from Incomplete Records - 20%
Preparation of Financial Statements of Commercial Organisations (other than Corporate Form of Organisation)
Income Statement
Balance Sheet
Preparation of Financial Statements of Not-for-Profit Organisation
Preparation of Receipts and Payments Account
Preparation of Income and Expenditure Account
Preparation of Balance Sheet
Preparation of Financial Statements from Incomplete Records
SECTION D: PARTNERSHIP ACCOUNTS [20%]
4. Partnership Accounting - 20%
Admission of Partner
Retirement of Partner
Death of Partner
Treatment of Joint Life Policy
Dissolution of Partnership Firms Including Piecemeal Distribution
The amalgamation of Partnership Firms
Conversion of Partnership Firm into a Company and Sale of Partnership Firm to a Company
Accounting of Limited Liability Partnership
SECTION E: LEASE, BRANCH AND DEPARTMENTAL ACCOUNTS ETC. [15%]
5. Lease Accounting - 3.75%
6. Branch (including Foreign Branch) and Departmental Accounts - 3.75%
7. Insurance Claim for Loss of Stock and Loss of Profit - 3.75%
8. Hire Purchase and Installment Sale Transactions - 3.75%
SECTION F: ACCOUNTING STANDARDS [20%]
9. Accounting Standards - 20%
Introduction to Accounting Standards
GAAP
AS
Convergence to Ind AS – Applicability and Scope
Specified Accounting Standards with Comparative Provisions under Ind AS
Disclosure of Accounting Policies (AS 1)
Property Plant and Equipment (AS 10)
The Effects of Changes in Foreign Exchange Rate (AS 11)
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