Meaning and Scope of Accounting

Learning Outcomes: Understand the meaning and significance of accounting,Explain sub-fields of accounting,Explain the limitation of accounting,Basis of accounting,Basic terms of accounting,Understand meaning of book keeping and the distinction of accounting with book keeping, Functions of Accounting,Accounting Cycle.

Accounting Principles,concepts and conventions

Learning outcomes: Grasp the basic accounting concepts,principles and conventions and observe their implications while recording transactions and events,understand the qualitative characteristics that will help to develop the skill in course of time to prepare financial statement, Identify three fundamental accounting assumptions.

Capital and Revenue Transactions

Learning outcomes: Criteria for identifying revenue expenditure and distinguish from capital expenditure,distinction between capital and revenue receipts,understand the linkage of such distinction with the preparation of final account.

Accounting Equation

Bills of Exchange

Rectification of Errors

BRS