B.Com. (Financial Management) Financial Accounting I Syllabus - Mumbai University
This is the FY BCom FM syllabus under NEP 2020, in force from the academic year 2024-25. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.
Loading syllabus...
Syllabus for Financial Accounting - I
Introduction to Accounting
- Meaning, scope, objectives, need, importance and limitations of accounting.
- Basic accounting terminology.
- Branches of accounting.
- Accounting concepts, Conventions and Principles.
- Double Entry System, Classifications of accounts
- Rules of debit and credit.
- Writing of journal Entries and Ledger, Sub division of journal.
Classification of Income & Expenses & Accounting Standards
- Classifications of Income, Expenditure and Receipts based on capital and revenue.
- Source documents required for practical accounting.
- Accounting Standard 1, 2, 6, 8, 9, 10. Understanding Fair value concept.
- AS 2- Inventory Valuation ( Physical Stock Taking: FIFO and Weighted Average Only)
- Overview of Ind-AS vis-à-vis International Financial Reporting Standards (IFRSs).
Depreciation Accounting & Trial Balance
- Depreciation accounting: Practical problem based on depreciation using SLM and RBM methods.
- (Where Provision for depreciation Account not maintained).
- Preparation of Trial Balance: Introduction and Preparation of Trial Balance
Final Accounts
- Introduction to Final Accounts of a Sole proprietor.
- Manufacturing. Account, Trading Account, Profit and Loss Account and Balance Sheet.
- Preparation and Presentation of Final Accounts in horizontal format
- Introduction to Schedule VI of Companies Act ,1956
References
- Introduction to Accountancy by T.S. Grewal, S. Chand and Company (P) Ltd., New Delhi
- Advance Accounts by Shukla and Grewal, S. Chand and Company (P) Ltd., New Delhi
- Advanced Accountancy by R.L Gupta and M. Radhaswamy, S. Chand and Company (P) Ltd., New Delhi
- Modern Accountancy by Mukherjee and Hanif, Tata Mc. Grow Hill and Co. Ltd., Mumbai
- Financial Accounting by Lesile Chandwichk, Pentice Hall of India Adin Bakley (P) Ltd., New Delhi
- Financial Accounting for Management by Dr. Dinesh Harsalekar, Multi-Tech. Publishing Co. Ltd., Mumbai
- Jha, Luhar & Sharma, Financial Accounting -I, Himalayan Publication, Mumbai.
- Financial Accounting by P.C. Tulsian, Pearson Publications, New Delhi
- Accounting Principles by R.N. Anthony and J.S. Reece, Richard Irwin, Inc
- Financial Accounting by Monga, J.R. Ahuja, Girish Ahuja and Ashok Shehgal, Mayur Paper Back, Noida
- Financial Accounting by Williams, Tata Mc. Grow Hill and Co. Ltd., Mumbai
- Financial Accounting by V. Rajasekaran, Pearson Publications, New Delhi
- Introduction to Financial Accounting by Horngren, Pearson Publications, New Delhi
- Financial Accounting by M. Mukherjee and M. Hanif, Tata McGraw Hill Education Pvt. Ltd., New Delhi
Reproduced from the University of Mumbai syllabus for B.Com. (Financial Management) under NEP 2020, in force from the academic year 2024-25. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.