CS - Foundation Programme : Financial Accounting

ICSICS (2008)FPSyllabus and Books • Financial Accounting

CS_FP :: Foundation Programme
Paper 3 : Financial Accounting
[One paper: Three Hours – 100 marks]

Level of Knowledge :

Basic knowledge.

Objective . . .

To familiarize and develop an understanding the skills of accounting principles for effective recording of business operations of an entity.

Contents . . .

  1. Introduction to accounting
  2. Recording of transactions
  3. Preparation of bank reconciliation statement
  4. Rectification of errors
  5. Preparation of final accounts (non-corporate entities)
  6. Accounting for depreciation
  7. Accounting for bills of exchange
  8. Accounts of non-profit organizations
  9. Single entry accounts - preparation of accounts from incomplete records
  10. Accounting for consignments and joint ventures
  11. Partnership accounts – simple problems
  12. Insurance claims


Advanced Accounts, Vol.1M.C.Shukla, T.S.Grewal & S.C.Gupta S.Chand &Company Ltd., 7361, Ram Nagar,
Qutab Road, New Delhi-110 055.
Financial Accounting;R.L.Gupta & V.K.GuptaSultan Chand & Sons, 23, Daryaganj New Delhi-110 002.
Foundation Accounting;J.R.MongaMayur Paper Backs, A-95, Secotr 5, Noida (U.P.)
Financial Accounting;S.N.MaheshwariVikas Publishing House (Pvt.)Ltd., A 22, Secotr 4, Noida- 201 301.
Financial AccountingS.P.Jain & K.L.NarangKalyani Publishers, 23, Daryaganj, New Delhi-110 002.
Fundamentals of Financial Accounting;Ashok Sehgal & Deepak Sehgal Taxmann’s Publication(P) Ltd., 59/32, New Rohtak Road, New Delhi.


Business Accounting-1;Frank Woor & Allen Sangster Financial Times Professional Ltd. London.
Principles and Practice of Accounting;T.P.Ghosh, A.Banerjee & K.M.Bansal Galgotia Publishing Company, Karol Bagh, New Delhi-110 005.
Financial AccountingBazely, Nikolai & GroveConcepts and Uses; South Western College Publishing Ohio, U.S.A.
Financial AccountingP.C.TulsianMcGraw-Hill Education (India) Ltd. B-4, Sector 63,Gautam Budh Nagar, Modia-201 301.