Subject Code Title of the Subject L T P LTP UCC18101 FINANCIAL ACCOUNTING I Maximum: 100 marks (Internal: 50 marks; External: 50 marks)

Transcription

1 SRM INSTITUTE OF SCIENCE AND HUMANITIES FACULTY OF SCIENCE AND HUMANITIES DEPARTMENT OF COMMERCE CORPORATE SECRETARYSHIP AND ACCOUNTING & FINANCE LESSON PLAN ODD SEMESTER Subject Handled by: Mr.A.P.Sebastian and Sairam for I B.Com CS and AF Subject Code Title of the Subject L T P Total LTP UCC18101 FINANCIAL ACCOUNTING I Maximum: 100 marks (Internal: 50 marks; External: 50 marks) OBJECTIVES To introduce the student to the various management concepts of C UNIT I - BASIC ACCOUNTING CONCEPTS Meaning and scope of accounting, basic accounting concepts and conventions - objectives of accounting - accounting transactions- double entry book keeping- journal, ledger, and preparation of trial balance preparation of cash book I Meaning and scope of accounting II Basic accounting concepts and conventions III Basic accounting concepts and conventions IV Objectives of accounting V Accounting transactions I Double entry book keeping II Journal Purchases - Cash III Journal Purchases - Cash IV Journal Purchases - Credit V Journal Purchases Assets and Purchase though Cheque

2 I Journal Sales - Cash II Journal Sales - Cash III Journal Sales Credit, Assets, Cheque IV Nominal Account V Opening Entry I Ledger II Ledger III Trial Balance IV Cash Book Single Column V Cash Book Double Column I Cash Book Three Column II Cash Book Three Column III Cash Book Three Column UNIT II - AVERAGE DUE DATE AND FINAL ACCOUNTS Average due date and account current - preparation of final accounts of a sole trading concern - adjustments - closing stock, outstanding and prepaid items, depreciation, provision of bad debts, provision for discount on debtors, interest on capital and drawing IV Average due date V Average due date I Account current II Account current III Final accounts Simple Problems IV Final accounts Adjustments Closing Stock V Outstanding Expenses & Prepaid Expenses I Depreciation, Accrued Incomes & Incomes Received in Advance

3 II Interest on Capital & Interest on Drawings III Bad Debts and Bad Debts Provisions IV Bad Debts and Bad Debts Provisions V Discount on Debtor and Creditor I REVISION II REVISION III CYCLE TEST I IV CYCLE TEST I V CYCLE TEST I UNIT III - RECTIFICATION OF ERRORS AND BRS Classification of errors- rectification of errors- preparation of suspense account - bank reconciliation statement (only simple problems) I Classification of errors II Classification of errors III Rectification of errors IV Rectification of errors V Rectification of errors I Preparation of suspense account II Preparation of suspense account III BRS IV BRS V BRS I BRS

4 II REVISION UNIT VI DEPRECIATION Depreciation- meaning, causes, types- straight line method- written down value method (change in method excluded). Insurance claims- average clauses (loss of stock only) III Depreciation- meaning, causes, types IV Straight line method Single Machine V Straight line method Two Machine I WDV Single Machine II WDV Two Machine III Insurance claims IV Average clauses V Average clauses I REVISION II REVISION III CYCLE TEST II IV CYCLE TEST II V CYCLE TEST II UINT V - SINGLE ENTRY SYSTEM Single entry system - meaning, features, defects, differences between single entry and double entry system- statement of affairs method conversion method (only simple problems) I Single entry system - meaning, features, defects II Differences between single entry and double entry system

5 III Statement of affairs method IV Statement of affairs method V Statement of affairs method I Conversion method II Conversion method III Conversion method IV Conversion method V Conversion method I REVISION II REVISION III REVISION IV REVISION V MODEL EXAMINATION I MODEL EXAMINATION II MODEL EXAMINATION III MODEL EXAMINATION IV MODEL EXAMINATION V MODEL EXAMINATION REFERENCES QUESTION PAPER PATTERN UNIT BASED EXAMINATION PART - A PART - B TOTAL MARKS CYCLE TEST I - Unit I and II II Unit III and IV 9 Questions Equally Distributed - all to be answered and each carries TWO Marks. 2 Questions 2 Questions from each Unit Internal Choice Pattern Each Carries 16 marks Part A 18 Marks and Part B 32 Marks Total Marks 50 Marks

6 MODEL EXAMINATION Full Syllabus 10 Questions Equally Distributed Each carries TWO Marks. 5 Questions 2 Questions from each Unit Internal Choice All Questions carry 16 Marks each Part A 20 Marks and Part B 80 Marks Total Marks 100 Marks SEMESTER EXAMINATION Full Syllabus 10 Questions Equally Distributed Each carries TWO Marks. 5 Questions 2 Questions from each Unit Internal Choice All Questions carry 16 Marks each Part A 20 Marks and Part B 80 Marks Total Marks 100 Marks EVALUATION AND MARKS 1. Internal Examination 40 Marks Cycle Test I Marks obtained for 50 will be converted to 10 Cycle Test II Marks obtained for 50 will be converted to 10 Model Examination Marks obtained for 100 will be converted to Assignment 5 Marks 5 Marks will be awarded for Assignment/Project/Seminar/Class Work Maintenance 3. Attendance 5 Marks Attendance Marks is as 95% and More Attendance 5 Marks 90% to 94.99% - 4 Marks 85% to 89.99% - 3 Marks 80% to 84.99% - 2 Marks 75% to 79.99% - 1 Mark Less than 75% - Nil 4. External Examination 50 Marks Examination will be conducted at the end of the Semester marks Obtained for 100 will be converted to Qualification to Higher Semester and Passing Criteria Student must appear for minimum of Three Subjects in the Current Semester to qualify for higher semester failure will lead to detention in the present semester Passing minimum is 50% in End Semester (External) Examination and 50% Overall (Internal and External)

7 *** Students securing less than 75% Attendance in the semester will be detained in the semester and they have to redo the semester in the forthcoming Academic Year on payment of fees as prescribed by the University