SRM INSTITUTE OF SCIENCE AND HUMANITIES FACULTY OF SCIENCE AND HUMANITIES DEPARTMENT OF COMMERCE CORPORATE SECRETARYSHIP AND ACCOUNTING & FINANCE LESSON PLAN ODD SEMESTER 2018-2019 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 4 1 0 5 4 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. 1 18-06-2018 I Meaning and scope of accounting 2 19-0602918 II Basic accounting concepts and conventions 3 20-06-2018 III Basic accounting concepts and conventions 4 21-06-2018 IV Objectives of accounting 5 22-06-2018 V Accounting transactions 6 25-06-2018 I Double entry book keeping 7 26-06-2018 II Journal Purchases - Cash 8 27-06-2018 III Journal Purchases - Cash 9 28-06-2018 IV Journal Purchases - Credit 10 29-06-2018 V Journal Purchases Assets and Purchase though Cheque
11 02-07-2018 I Journal Sales - Cash 12 03-07-2018 II Journal Sales - Cash 13 04-07-2018 III Journal Sales Credit, Assets, Cheque 14 05-07-2018 IV Nominal Account 15 06-07-2018 V Opening Entry 16 09-07-2018 I Ledger 17 10-07-2018 II Ledger 18 11-07-2018 III Trial Balance 19 12-07-2018 IV Cash Book Single Column 20 13-07-2018 V Cash Book Double Column 21 16-07-2018 I Cash Book Three Column 22 17-07-2018 II Cash Book Three Column 23 18-07-2018 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. 24 19-07-2018 IV Average due date 25 20-07-2018 V Average due date 26 23-07-2018 I Account current 27 24-07-2018 II Account current 28 25-07-2018 III Final accounts Simple Problems 29 26-07-2018 IV Final accounts Adjustments Closing Stock 30 27-07-2018 V Outstanding Expenses & Prepaid Expenses 31 30-07-2018 I Depreciation, Accrued Incomes & Incomes Received in Advance
32 31-07-2018 II Interest on Capital & Interest on Drawings 33 01-08-2018 III Bad Debts and Bad Debts Provisions 34 02-08-2018 IV Bad Debts and Bad Debts Provisions 35 03-08-2018 V Discount on Debtor and Creditor 36 06-08-2018 I REVISION 37 07-08-2018 II REVISION 38 08-08-2018 III CYCLE TEST I 39 09-08-2018 IV CYCLE TEST I 40 10-08-2018 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) 41 13-08-2018 I Classification of errors 42 14-08-2018 II Classification of errors 43 16-08-2018 III Rectification of errors 44 17-08-2018 IV Rectification of errors 45 20-08-2018 V Rectification of errors 46 21-08-2018 I Preparation of suspense account 47 23-08-2018 II Preparation of suspense account 48 24-08-2018 III BRS 49 27-08-2018 IV BRS 50 28-08-2018 V BRS 51 29-08-2018 I BRS
52 30-08-2018 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) 53 31-08-2018 III Depreciation- meaning, causes, types 54 03-09-2018 IV Straight line method Single Machine 55 04-09-2018 V Straight line method Two Machine 56 05-09-2018 I WDV Single Machine 57 06-09-2018 II WDV Two Machine 58 07-09-2018 III Insurance claims 59 10-09-2018 IV Average clauses 60 11-09-2018 V Average clauses 61 12-09-2018 I REVISION 62 14-09-2018 II REVISION 63 17-09-2018 III CYCLE TEST II 64 18-09-2018 IV CYCLE TEST II 65 19-09-2018 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) 66 20-09-2018 I Single entry system - meaning, features, defects 67 24-09-2018 II Differences between single entry and double entry system
68 25-09-2018 III Statement of affairs method 69 26-09-2018 IV Statement of affairs method 70 27-09-2018 V Statement of affairs method 71 28-09-2018 I Conversion method 72 01-10-2018 II Conversion method 73 03-10-2018 III Conversion method 74 04-10-2018 IV Conversion method 75 05-10-2018 V Conversion method 08-10-2018 I REVISION 09-10-2018 II REVISION 10-10-2018 III REVISION 11-10-2018 IV REVISION 12-10-2018 V MODEL EXAMINATION 15-10-2018 I MODEL EXAMINATION 16-10-2018 II MODEL EXAMINATION 17-10-2018 III MODEL EXAMINATION 22-10-2018 IV MODEL EXAMINATION 23-10-2018 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
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 20 2. 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 50. 5. 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)
*** 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