Financial Accounting

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

Learners enrolled: 2188

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 :	Ongoing
Course Type :	Core
Language for course content :	English
Duration :	12 weeks
Category :	Commerce
Credit Points :	5
Level :	Undergraduate
Start Date :	15 Jan 2025
End Date :	30 Apr 2025
Enrollment Ends :	28 Feb 2025
Exam Date :	17 May 2025 IST
NCrF Level	4.5
Industry Details :	Commerce Industry
Exam Shift :	II

Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Weekly Plan
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 4. Journalizing Part –I 5. Journalizing Part -II
Week 2	:	6. Double Entry Accounting Process and Introduction to Journal 7. Sub-Division Of Journal Part – I 8. Sub-Division Of Journal Part - II 9. Cash Book Part – 1 10. Cash Book (Part - II) Three Column Cash Book
Week 3	:	11. Cash Book (Part - III) Petty Cash Book 12. Double Entry Accounting Process(Stage - II) Ledger Posting Part-I 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 4	:	16. Bank Reconciliation Statement – II 17. Errors And Their Rectification Part - I 18. Errors And Their Rectification Part – II 19. Errors And Their Rectification Part – III 20. Accounting Process Stage –4 Finalizing-I
Week 5	:	21. Accounting Process Stage – 4 Finalizing – II 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 6	:	26. Adjustments In Final Accounts Part - VI 27. Adjustments In Final Accounts Part – V 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 7	:	31. Depreciation Accounting : Fixed Installment Method 32. Depreciation Accounting : Fixed Installment Method (Numerical Problem) 33. Depreciation Accounting : Written Down Value Method 34. Depreciation Accounting : Written Down Value Method(Numerical Problem) 35. Introduction to Branch Accounting-I
Week 8	:	36. Branch Accounting-II- Simple or Debtor System – Part I 37. Branch Accounting-III- Simple or Debtor System – Part II 38. Branch Accounting- IV-Final Accounts Method- 39. Branch Accounting- V- Stock and Debtors Method 40. Branch Accounting- VI- Wholesale Branch Method
Week 9	:	41. Branch Accounting- VII-Independent Branches- Part I 42. Branch Accounting- VIII-Independent Branches- Part II 43. Branch Accounting- IX-Inter-branch Transactions 44. Hire-purchase and Installment System- Part I 45. Hire-purchase and Installment System- Part II
Week 10	:	46. Hire-purchase and Installment System- Part III 47. Hire-purchase and Installment System- Part IV 48. Hire-purchase and Installment System- Part V 49. Hire-purchase and Installment System- Part VI
Week 11	:	50. Introduction to Dissolution of Partnership Firm 51. Accounting for Dissolution of Partnership Firm- Part I 52. Accounting for Dissolution of Partnership Firm- Part II 53. Accounting for Dissolution of Partnership Firm- Part III
Week 12	:	54. Dissolution of Partnership Firm and Insolvency of Partner-Part I 55. Dissolution of Partnership Firm and Insolvency of Partner-Part II 56. Dissolution of Partnership Firm- Piecemeal Distribution Part I 57. Dissolution of Partnership Firm- Piecemeal Distribution Part II

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

- Internal Assessment- Weekly assessments released in the course shall be considered for Internal Marks and will carry 30 percent for the Overall Result. Out of all weekly assignments, the best/top five scores will be considered for the final Internal Assessment marks.

- End-term Assessment - The final exam shall be conducted by NTA, and will carry 70 percent for the overall Result.

- All students who obtain 40% marks in the internal assessment and 40% marks in the end-term proctored exam separately will be eligible for the SWAYAM Credit Certificate.

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