FINANCIAL ACCOUNTING

Marymol John
BVoc Banking & Financial Services, Upcoming Courses
₹1,000.00
  • 0 student
  • 5 lessons
  • 0 quizzes
  • 10 week duration
0 student

FINANCIAL ACCOUNTING

COURSE CODE: BFSC103

SEMESTER : 1

 

Financial accounting is a specialized branch of accounting that keeps track of a company’s financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet. The main objective of financial accounting is to know the profit or loss of an enterprise.

Course objectives:

  • To make students learn the basic concepts, principles of accounting.
  • To make students to prepare final accounts of sole trader; to have an understanding about single entry system.
  • To make students have a thorough knowledge about various accounts like royalty and consignment.

References:

  1. Systematic approach to Financial Accounting- Dr. KGC Nair, Dr. Jayan, S Chand Publications.
  2. Financial Accounting- Jain & Narang- Kalyani Publications
  3. Financial Accounting 1 – Dr. Jayan- Prakash Publications.

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