Module 1: Introduction to Accounting: Need and Types of Accounting, Users of Accounting, concepts and conventions of Accounting, Accounting Equation (problems on accounting equation).

Module 2:

Preparation of books of Accounts: Journals, Subsidiary books, three column cash book, ledgers and trial balance. Depreciation- Straight line and Written down Value Methods.

Module 3:

Preparation of Financial Statements: Preparation of final accounts of sole traders. Preparation of final accounts / statement of companies-both horizontal & vertical form of financial statements. (Basic problems on Final accounts of companies)

Module 4:

Analysis of Financial Statements: Comparative, common size and trend analysis, Ratio Analysis, Preparation of financial statements using ratios, Preparation of Cash flow statement (only indirect method).

Module 5:

Accounting Standards and IFRS: Need for accounting standards. IFRS and proposed changes in Indian Accounting Standards.

Module 6:

Emerging issues in Accounting: Corporate Governance and clause 49 of the listing agreement,Human Resource Accounting, Forensic Accounting, Window Dressing- Sustainability Reporting

Module 7:

Fundamentals of Taxation: Overview of Heads of Income, deductions u/s 80C, Income Tax Rates and Returns – For Individuals only (Only Theory) Practical Components:

• Collecting Annual reports of the companies and analyzing the financial statements  sing

different techniques and presenting the same in the class.

• Analyzing the companies’ cash flow statements and presenting the same in the class.

• Exposing the students to usage of accounting software’s (Preferably Tally)

• Filling up of ITR forms

• Identify the sustainability report of a company and study the contents.