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Sunday, December 30, 2018

Gauhati University B.Com Syllabus: Financial Accouting I


102: FINANCIAL ACCOUNTING I
Total Marks: 80
UNIT-I: Accounting Principles and Accounting Standards:                                             20
Accounting Information and their qualitative features; Generally Accepted Accounting Principles (GAAP), their application in preparation and presentation of financial statements; Accounting Standards-meaning, need, and advantages; Accounting standards setting procedure in India.
UNIT-II: Sectional and Self Balancing Ledger System:                                                     20
Sectional and self balancing ledger system – features and advantages; Accounting treatment of Rectification of errors under sectional and self balancing ledger system.
UNIT-III: Hire Purchase and Installment Purchase System:                                           20
Meaning, features, advantages, disadvantages of hire purchase and installment purchase system; Rights of hire purchaser & seller; accounting treatment, different methods of calculation of interest; accounting treatment on default by the hire purchaser.

UNIT-IV: Royalty Accounts                                                                                                          20
Definition of royalty; minimum rent; short workings and its accounting treatment; Accounting for royalty transactions; Impact of strikes and lockouts; Accounting for sub-lease.
SUGGESTED BOOKS
Financial Accounting- Ashish Bhattacharya, Prentice Hall.
Financial Accounting, S.N. Maheshwari, Vikash Publishing.
Financial Accounting, B.B. Dam, H.C. Gautam,, and other, Capital Publishing.
Financial Accounting, K.R. Das, K.M. Sinha, Lawyers Book Stall.
Advanced Accounts, M.C. Shukla, T.S. Grewal, S.C. Gupta, S. Chand & Co.
Accountancy, R.L. Gupta, M. Radhaswamy, Sultan Chand & Sons.
Bittiya Hisab Vidya, Oriental Book Co.
Financial Accounting –A dynamic Approach –B.K. Banerjee –Prentice Hall of India Private Limited, New Delhi.
Fundamentals of Accounting –T.P. Ghosh –Sultan Chand & Sons.
Financial Accounting –M. Hanif, A. Mukherjee, Tata McGraw Hill.

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