BCOC-131- Financial Accounting

By Prof. Sunil Kumar | Indira Gandhi National Open University, New Delhi

Learners enrolled: 650

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 :	Upcoming
Course Type :	Core
Language for course content :	English
Duration :	16 weeks
Category :	Commerce
Credit Points :	6
Level :	Undergraduate
Start Date :	15 Jul 2025
End Date :	15 Nov 2025
Enrollment Ends :	15 Sep 2025
Exam Date :

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

Prof. Sunil Kumar Indira Gandhi National Open University, New Delhi

Prof. Sunil Kumar did his Ph.D, M.Phil, and M.Com from University of Rajasthan Jaipur. He has been working at IGNOU for the last 15 years. Prior to this assignment, he worked with GGSIP University New Delhi for about 4 years. He has been engaged in Teaching, Training, Research and other academic activities. He has published more than 100 Research Papers in reputed International and National Journals. He has presented 23 Research Papers in International and National Conferences. He has been actively involved as Key Note Speaker, Technical Session Chairperson, Guest of Honour, and Resource Person in International and National Conferences. He has been the Resource Person for Academic Staff Colleges of various Universities as well as for the Faculty Development Programmes. He has written more than 65 Chapters/Units in various books and study material of different Universities in the country. He has delivered more than 150 lectures (Live telecast) on Gyan Darshan and Gyan Vani. He has guided 5 Ph.D Research Scholars. He has been on the board of HIPA for imparting the training to Senior Govt. Officers (Class-I) of Haryana Cadre. He has been on the board of Raffles University as Chancellor Nominee. He has been actively involved in the development of academic content with ICAI, ICSI and ICWAI at different capacities. He has been associated with UPSC, UGC, AICTE, NCERT, CBSE, NTA for various academic assignments at different capacities. He is the life member of All India Commerce Congress, All India Accounting Congress and All India Management Association. He has been the Associate Managing Editor of The Indian Journal of Commerce. He has visited France, Sweden, Norway, Denmark, Australia, Newzeland, Holland, Itlay, Germany, Switzerland, Belgium, Bangkok etc. for various academic assignments. He has received Gold Medal for the best research paper award in the year 2014 and Silver Medal for the second best research paper award in 2017.His areas of interest are: Direct Taxes, Tax Planning and Accounting.

Course certificate

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The online registration form has to be filled, and the certification exam fee needs to be paid.

CRITERIA TO GET A CERTIFICATE

30 Marks will be allocated for Internal Assessment (Final Quiz- Mandatory) which will be available at the end of the course and 70 Marks will be allocated for end term proctored examination.

A minimum of 40% passing marks (i.e. at-least 12 marks in Internal Assessment (Final Quiz- Mandatory) & 28 Marks in external proctored examination) will be required for being eligible for SWAYAM Certificate.

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