Financial Accounting

By C.S. Dr. Manish Sitlani | Devi Ahilya Viswavidyalaya, Indore

Learners enrolled: 1454

The broad course content include introductory aspect (consisting of key concept / terms, definitions of key terms, need and necessity of financial accounting), Introduction to conceptual part of double entry accounting process / accounting cycle, and a broad understanding of each stand of double entry accounting process including Journalizing, Ledger posting, Summarizing and preparation of final accounts.The course also discuss the treatment of various adjustments in course of preparation of final accounts. “Lecturing and demonstration” are the basic pedagogy adopted for this course.

The basic objective behind this course is to provide a conceptual understanding of double-entry system accounting process to the target learners. This course will facilitate understanding of key concept associated with finance and accounting and will also help the learners to understand the double-entry accounting process. Simultaneously the course will also offer hands on to the learners through structured numerical problems, there by meeting the basic objective of a clear understanding of financing and double-entry accounting.

Summary

Course Status :	Completed
Course Type :	Elective
Language for course content :	English
Duration :	12 weeks
Category :	Management Studies
Credit Points :	5
Level :	Undergraduate
Start Date :	31 Jul 2023
End Date :	31 Oct 2023
Enrollment Ends :	31 Aug 2023
Exam Date :

Page Visits

Course layout

Weeks Weekly Lecture Topics

Week 1 1. An Introduction to Financial Accounting Part – I

2. An Introduction to Financial Accounting Part - II

3. Double Entry System of Accounting : An Introduction

Week 2 4. Double Entry Accounting Process and Introduction to Journal
5. Journalizing Part -I

6. Journalizing Part -II

Week 3 7. Sub-Division Of Journal Part - I

8. Sub-Division Of Journal Part - II

9. Cash Book Part - 1

Week 4 10. Cash Book (Part - II) Three Column Cash Book

11. Cash Book (Part - III) Petty Cash Book

12. Double Entry Accounting Process(Stage - II) Ledger Posting Part-I

Week 5 13. Double Entry Accounting Process(Stage - II) Ledger Posting Part- II

14. Double Entry Accounting Process (Stage – III) - Summarizing

15. Bank Reconciliation Statement - I

Week 6 16. Bank Reconciliation Statement - II

17. Errors And Their Rectification Part - I

18. Errors And Their Rectification Part - II

Week 7 19. Errors And Their Rectification Part - III

20. Accounting Process Stage –4 Finalizing-I

21. Accounting Process Stage – 4 Finalizing - II

Week 8 22. Accounting Process Stage – 4 Finalizing - III

23. Adjustments In Final Accounts Part - I

24. Adjustments In Final Accounts Part - II

25. Adjustments In Final Accounts Part - III

Week 9 26. Adjustments In Final Accounts Part - VI

27. Adjustments In Final Accounts Part - V

Week 10 28. Preparation Of Final Accounts With Adjustments, Part - I

29. Preparation Of Final Accounts With Adjustments, Part - II

30. An Introduction To Depreciation Accounting

Week 11 31. Depreciation Accounting : Fixed Instalment Method

32. Depreciation Accounting : Fixed Instalment Method (Numerical Problem)

33. Depreciation Accounting : Written Down Value Method

Week 12 34. Depreciation Accounting : Written Down Value Method(Numerical Problem)

Books and references

• Maheshwari & Maheshwari (2008), Financial Accounting, Vikas Publishing House Pvt. Ltd., New Delhi

• Mukherjee & Hanif (2005), Financial Accounting, Tata McGraw Hill Publication Company, New Delhi

• Horngren et Al. (2005), Introduction toFinancial Accounting, Pearson Prentice Hall Publication

Instructor bio

C.S. Dr. Manish Sitlani

Devi Ahilya Viswavidyalaya, Indore

C.S. Dr. Manish Sitlani is a Ph. D. in commerce and a qualified company secretary. He also claims to his credit two post graduations, one in Commerce, and another in Management (Finance). He has more than 22 years of teaching experience at post graduation & under graduation level, apart from 3 years of industry experience.

His contribution to academic research is noted through more than 30 research papers/ articles at national/international levels across more than 10 years.

Course certificate

The course is free to learn. Interested Learners can enroll and learn the course for free.

If You wish to get certified on this course you must register and write the proctored exam after payment of exam fee.
The exam is conducted by National Testing Agency (NTA) in various exam centres across India.
30 % will be allocated for Internal Assessment and 70 % will be allocated for external proctored examination.
A minimum 40 % passing marks are needed in internal as well as external for being eligible for certificate.

Exam pattern:
Computer Based Test (CBT)
50 MCQs

SWAYAM Helpline / Support