Contents

1. Introduction

1. Financial Accounting

1.1 Basic Accounting Concepts

1.2 Objectives of Financial Accounting

1.3 Role of Financial Accounting

1.4 Principles of Financial Accounting

1.5 Importance of Financial Accounting

1.6 Benefits of Financial Accounting

1.7 Limitations of Financial Accounting

2. Book-Keeping

2.1 Objectives of Book Keeping

2.2 Book keeping and Accounting

2.3 The Need / Utility of Book Keeping

3. Different Important Accounting Concepts Terminologies

4. Classification of Account in Personal A/c, Real A/c, and Nominal A/c

2. Conceptual Framework

1. Introduction

2. Generally Accepted Accounting Principles (GAAP) 1

3. Accounting Conventions

4. Accounting Standards

3. Recording Transaction

1. Introduction

2. Voucher System

3. Accounting Process

4. Journal

5. LEDGER

6. Cash Book

5. Subsidiary Books

7. Trial Balance

8. Depreciation

4. Preparation of Final Account

1. Introduction

2. Trading Account

3. Profit and Loss A/c

5. Introduction to Company Final Account

1. Company Final Account

6. Accounting in Computerised Environment

1. Introduction

2. Computer and Financial Application

3. Introduction to Accounting Software Package – Tally 9.0

4. An Overview of Computerised Accounting System

5. Generating Accounting Reports