BBA Semester II-Financial Accounting

UNIT - I: INTRODUCTION TO FINANCIAL ACCOUNTING :

Accounting as an Information System - Importance and Scope - Limitations - Uses of

accounting information - Accounting Principles - Accounting Concepts - Principles and

Conventions – Generally Accepted Accounting Principles (GAAPs)

UNIT - II: TYPES OF BOOKS (PRIMARY AND SECONDARY) :

Nature of Accounts - The Accounting Equation - Rules of Debit and Credit - Recording

Transactions in Journal - Preparation of Ledger Accounts - Ledger balancing - Opening

and Closing Entries - Preparation of Trial Balance

UNIT - III: PREPARATION OF FINANCIAL STATEMENTS :

Trading Account - Profit & Loss Account and Balance Sheet - Adjustment Entries -

Understanding contents of financial statements of a joint stock company as per the

Companies Act 2013

UNIT - IV : FINANCIAL STATEMENT ANALYSIS USING RATIOS :

Financial statement analysis - Sources of information - Techniques of financial statement

analysis - Horizontal analysis - Vertical analysis and Ratio Analysis - Financial Ratios -

Meaning and Usefulness of Financial Ratios - Analysis of ratios - Liquidity Ratios -

Solvency Ratios - Profitability Ratios and Turnover Ratios - Limitations of ratio analysis

UNIT – V : INDIAN ACCOUNTING STANDARDS (IND-AS) :

Concept - Benefits - Procedure for issuing Ind-AS in India - Salient features of Ind-AS

issued by ICAI - International Financial Reporting Standards (IFRS) - Features - Uses and

objectives of IFRS - IFRS issued by IASB