B.Com. (Investment Management) Financial Accounting Syllabus - Mumbai University
This is the FY BCom IM 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.
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Syllabus for Financial Accounting
Module I: Introduction to Accounting
- Meaning and scope of Accounting Need, development and definition of accounting, Branches of accounting, Objectives of accounting. Basic accounting terms, accounting concept& conventions, Disclosures: Accounting Principles: International accounting standards (only routines). Accounting standards in India: Concepts, Benefits, Procedures for Issue of Accounting Standards, Various AS.
- AS – 1: Disclosure of Accounting Policies (a) Purpose (b) Areas of Policies (c) Disclosure of Policies (d) Disclosure of Change in Policies (e) Illustrations
- Classification of Income & Expenses & Accounting Standards Accounting Transactions: Accounting Cycle; Journal; Rules of debit and credit Compound journal entry; Opening entry; Relationship between journal and Ledger, Rules regarding posting; Tribal balance Sub division of journal. Capital & Revenue: Classification of Income; Classification of Expenditure Classification of receipts. Accounting concept of income; Sources Documents, Bank Reconciliation Statement.
Module II: Preparation of Final Accounts
- Final accounts; Manufacturing account; Trading account, Profit and Loss account, Balance sheet, Adjustment entries.
Module III: Investment Accounting w.r.t AS 13 and Valuation of Shares
- For shares (variable income bearing securities) For debenture bonds etc. (fixed income bearing securities) Accounting for transactions of purchase and sales of investments with ex and cum interest prices and finding cost of investment sold and carrying cost as per weighted average method Columnar format for investment account
- Valuation of Shares: Intrinsic Value Method, Yield method and Fair Value Method.
Module IV: Redemption of Preference Shares
- Redemption of preference shares - Company Law / Legal Provisions for redemption of preference shares in Companies Act, Sources of redemption including divisible profits and proceeds of fresh issue of shares, Premium on redemption from security premium and profits of company Capital Redemption Reserve Account - creation and use.
References
- 1 A book provides comprehensive coverage of financial accounting concepts” by Dr. Ambrish Gupta. It is Published by Pearson Education.
- 2 Financial Accounting for Management by Dr. R. Narayanaswamy. It is published by PHI Learning Pvt. Ltd.
- 3 A Managerial Emphasis by Dr. S.N. Maheshwari and Dr. S.K. Maheshwari - Published by Vikas Publishing House Pvt. Ltd.
- 4 Financial Accounting by Dr. Ashok Sehgal and Dr. Deepak Sehgal - Published by Taxmann Publications Pvt. Ltd.
Reproduced from the University of Mumbai syllabus for B.Com. (Investment 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.