BCOC-131- Financial Accounting

By Dr. N.Rajendra Prasad | Indira Gandhi National Open University

Learners enrolled: 4421

Accounting helps the decision-makers of a company to make effective choices, by providing information on the financial status of the business. Today, accounting is used by everyone and a good understanding of it is beneficial to all. Accountancy act as a language of finance. To understand accounting efficiently it is important to understand the different aspects of accounting i.e. Economic Events, Identification, Measurement, Recording, and Communication, and Interested Users of Information. The course mainly focuses on the theoretical framework of Accounting, Accounting Process, Preparation of Financial Statements, Understanding and Interpretation of Financial Statements that helps the different stakeholder to understand and interpret the financial position of business in a very transparent and fair manner. This course also focuses on the emerging need of computer accounting in the present business environment as the use of technology helps in accuracy, reliability and security of financial information on the basis of which policy decisions are taken.

Course Credit

Summary

Course Status :	Completed
Course Type :	Core
Language for course content :	English
Duration :	16 weeks
Category :	Commerce
Credit Points :	6
Level :	Undergraduate
Start Date :	01 Jan 2024
End Date :	30 Apr 2024
Enrollment Ends :	29 Feb 2024
Exam Date :	18 May 2024 IST
Exam Shift :	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

BCOC-131- Financial Accounting
BLOCK 1: THEORETICAL FRAMEWORK
Week-1	Unit-1: Nature and Scope of Accounting
Week-2	Unit-2: Accounting Process and Rules
Week-3	Unit-3: Accounting Principles Unit-4: Accounting Standards
BLOCK 2: ACCOUNTING PROCESS
Week-4	Unit-5: Journal and Ledger
Week-5	Unit-6: Subsidiary Books
Week-6	Unit-7: Trial Balance and Rectification of Errors
BLOCK 3: FINAL ACCOUNTS
Week-7	Unit-8: Depreciation
Week-8	Unit-9: Final Accounts-I
Week-9	Unit-10: Final Accounts-II
BLOCK 4: HIRE PURCHASE AND INLAND BRANCHES
Week-10	Unit-11: Hire Purchase Accounts-I
Week-11	Unit-12: Hire Purchase Accounts-II
Week-12	Unit-13: Branch Accounts-I
Week-13	Unit-14: Branch Accounts-II
BLOCK 5: CONSIGNMENT AND JOINT VENTURES
Week-14	Unit-15: Consignment Accounts-I Unit-16: Consignment Accounts-II
Week-15	Unit-17: Joint Venture Accounts
BLOCK 6: COMPUTERIZED ACCOUNTING
Week-16	Unit-18: Introduction to Computer Accounting and Creation of Company
Week-17	Unit-19: Creating Masters
Week-18	Unit-20: Voucher Entries and Invoicing Unit-21: Preparation of Reports

Books and references

· IGNOU Study Material on the course of “Financial Accounting” of B.Com (CBCS) Programme

· Grewal and Shukla (2020). Financial Accounting: Published by S. Chand (Sultan Chand Publications), Delhi

· Hrishikesh Chakraborty (2018). Advanced Accountancy, Published by Oxford University Press.

· Fundamentals of Advanced Accounting R.S.N Pillai and Bagavathi, S (2020). Published by S Chand Publications

· Jain S.P and Narang K.L. (2020). Financial Accounting Published by Kalyani Publishers, Delhi.

Instructor bio

Dr. N.Rajendra Prasad

Indira Gandhi National Open University

Dr. N.Rajendra Prasad is currently Assistant Professor in the School of Management studies in the discipline of Commerce, Indira Gandhi National Open University New Delhi. He has done B. Com from Osmania University. He is a Post Graduate in Commerce and obtained his Ph.D degree from the Department of Commerce, Osmania University. He was a Project Fellow under UGC Major Research Project titled “Financing Cost and Efficient Analysis of Public Hospitals in Andhra Pradesh”. He was ICSSR Doctoral Research Fellow. He is a Life Member of Indian Commerce Association and Telangana Commerce Association. Dr. Prasad has a brilliant academic record. He has been a Guest Faculty in various Colleges and academic institutions. His academic, organizing abilities are well known to the students of Osmania University. He has a number of publications in National and International journals of repute. He is deeply committed personality to the academics. During his PhD tenure he is considered as one of the committed and passionate research scholars of the Department of Commerce, Osmania University. He has also received many best research paper awards at various conferences. He has published many articles in prominent dailies of the Telangana State on different issues such as educational and social issues.

SWAYAM Helpline / Support