BCOM101 Financial Accounting GGSIPU B.COM 1st Sem Notes

Unit 1 [Book]
Meaning and Scope of Accounting	VIEW
Objectives and Nature of Accounting	VIEW
Functions of Accounting	VIEW
Book Keeping and Accounting	VIEW
Interrelationship of Accounting with other Disciplines	VIEW
Branches of Accounting	VIEW
Limitations of Accounting	VIEW
Accounting Principles	VIEW
Accounting Concepts and Conventions	VIEW
Meaning and relevance of GAAP	VIEW
Accounting standards issued by ICAI	VIEW
Accounting Standards (IAS, AS and Ind AS)	VIEW
IFRS	VIEW
Ledger Posting and Trial Balance	VIEW
Vouching	VIEW
Preparation of Ledger, Posting	VIEW
Preparation of Final Accounts with adjustments	VIEW

Unit 2 [Book]
Application of Generally Accepted Accounting Principles in Recording Financial Transactions and Preparing Financial Statements	VIEW
Accounting treatment of Inventory	VIEW
Journal entries	VIEW
Compound Journal entries, Opening entry	VIEW
Preparation of Cash Book, Sales and Purchase book	VIEW
Trial Balance	VIEW
Company Final Accounts:
Trading Account	VIEW
Profit & Loss Account	VIEW
Balance sheet as per Schedule III of the new Companies act 2013	VIEW
Cash Flow Statement	VIEW

Unit 3 [Book]
Measurement of Business income	VIEW
Revenue recognition	VIEW
Inventory Valuation through Accounting Standards	VIEW
Impact of Inventory Valuation on Measurement of Business Income	VIEW
Capital and Revenue expenditures	VIEW
Capital and Revenue receipts	VIEW
Introduction to Deferred Revenue Expenditure	VIEW
Concept of Depreciation, Causes of Depreciation	VIEW
Basic feature of Depreciation, Meaning of Depreciation Accounting	VIEW
Objectives of Providing Depreciation	VIEW
Fixation of Depreciation Amount	VIEW
Method of Recording Depreciation	VIEW
Methods of Providing Depreciation	VIEW
Depreciation Policy	VIEW
AS-10 Property plant & Equipment	VIEW
AS-6(Revised) Provisions and Reserves	VIEW
Change of method of Depreciation	VIEW

Unit 4 [Book]
Human Resource Accounting	VIEW
Inflation Accounting	VIEW
Green Accounting	VIEW
Price Level Accounting	VIEW
Social Responsibility Accounting	VIEW