CS - Foundation Programme : 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

Readings

Title	Author	Publisher
Advanced Accounts, Vol.1	M.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.Gupta	Sultan Chand & Sons, 23, Daryaganj New Delhi-110 002.
Foundation Accounting;	J.R.Monga	Mayur Paper Backs, A-95, Secotr 5, Noida (U.P.)
Financial Accounting;	S.N.Maheshwari	Vikas Publishing House (Pvt.)Ltd., A 22, Secotr 4, Noida- 201 301.
Financial Accounting	S.P.Jain & K.L.Narang	Kalyani 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.

References

Title	Author	Publisher
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 Accounting	Bazely, Nikolai & Grove	Concepts and Uses; South Western College Publishing Ohio, U.S.A.
Financial Accounting	P.C.Tulsian	McGraw-Hill Education (India) Ltd. B-4, Sector 63,Gautam Budh Nagar, Modia-201 301.