Financial Accounting (BBA)

Accounting concepts, journal, ledger, trial balance, final accounts and depreciation.

6 MonthsDuration 5Chapters24Topics

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Syllabus · पाठ्यक्रम

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01Unit 1: Accounting Concepts 5 topics

Meaning, objectives and users of accounting
Accounting concepts: business entity, going concern, accrual, dual aspect
Conventions: consistency, conservatism, materiality, full disclosure
Accounting equation
Accounting standards and Ind AS (introduction)

02Unit 2: Journal, Ledger and Subsidiary Books 6 topics

Types of accounts and rules of debit and credit
Journal entries
Ledger posting and balancing
Cash book: single, double and triple column
Purchase, sales and returns books
Journal proper

03Unit 3: Trial Balance, Errors and Bank Reconciliation 4 topics

Preparation of trial balance
Errors not disclosed by the trial balance
Rectification of errors and suspense account
Bank reconciliation statement

04Unit 4: Final Accounts 5 topics

Capital and revenue items
Trading account and gross profit
Profit and loss account
Balance sheet and marshalling
Adjustments: closing stock, outstanding and prepaid items, depreciation, bad debts

05Unit 5: Depreciation 4 topics

Meaning, causes and need of depreciation
Straight line method
Written down value method
Change in method and disposal of assets

About

You will be able to

Explain accounting concepts, conventions and the accounting equation
Record business transactions in the journal, ledger and subsidiary books
Prepare a trial balance, rectify errors and prepare a bank reconciliation statement
Prepare the trading account, profit and loss account and balance sheet with adjustments
Calculate depreciation by straight line and written down value methods

Who it is for

BBA students of Semester 1 in UP state universities and affiliated colleges (Lucknow University pattern)
Students from non-commerce streams starting accounting from the beginning

What you need

10+2 in any stream
Basic arithmetic

Questions

Which syllabus does the course follow?

The common UP state university BBA syllabus for Financial Accounting (Semester 1, Lucknow University pattern). The centre follows the student's own university syllabus (Lucknow University, MGKVP, VBSPU, CSJMU or any other) where it differs.

How are classes conducted?

Unit-wise lectures with examples from Indian business, short notes, numerical practice where needed and MCQ tests.

Is practice given for numericals?

Yes, every unit has graded problems from journal entries to complete final accounts with adjustments.

Are previous year questions covered?

Yes, previous university questions are solved unit-wise before the semester examination.