FIANCIAL ACCOUNTING B.COM SEMSTER -1

Course Title: Financial Accounting (B.Com First Year – Semester I)
Course Code: AB5500T
Credits: 4
Delivery Mode: Online (Lectures + Assessments + Practice)

Course Description:
Master the fundamentals of Financial Accounting with our comprehensive course designed for first-year B.Com and B.Com (Hons.) students. This course, aligned with the latest NEP 2020 guidelines and NHEQF Level 4.5, equips students with essential accounting knowledge and practical skills required to manage business accounts accurately and efficiently.

Through a blend of engaging lectures, diagnostic and formative assessments, and real-world problem-solving exercises, students will learn to:

• Apply accounting standards in financial reporting

• Maintain investment accounts as per AS-13

• Prepare accounts for consignments and joint ventures

• Handle incomplete records and ascertain profits

• Manage insurance claims for stock loss and profit loss

• Understand and prepare branch accounts

Key Topics Covered:

• Accounting Standards & AS-13 for Investments

• Consignment and Joint Venture Accounting

• Accounts from Incomplete Records

• Insurance Claims and Loss of Profit

• Branch Accounting (excluding foreign branches)

Who Should Enroll:
Ideal for B.Com first-year students or anyone looking to build a solid foundation in financial accounting with a structured and curriculum-based approach.

Prerequisites:
Basic knowledge of Accountancy (Class 12 level)

Suggested Readings:

• Higher Sciences of Accountancy by A.N. Agarwal & K.N. Agarwal

• Compendium of Statement and Standards of Accounting, ICAI