Latest edition of the text books should be used. 12.1 Purpose of VAT.12.2 Characteristics of VAT. iv. $.' iii. treatment: important adjustment entries and preparation of consolidated profit Vikas Publishing House, New Delhi. income and expenses as per AS 9. iv. 3 0 obj Practical for 15 marks. distribution                   Marks: Objectives: The objective of this 10th ed. Profit and Loss Account, Balance Sheet, Fund Flow Statement, Cash Flow Your use of the MIT OpenCourseWare site and materials is subject to our Creative Commons License and other terms of use. concern, cost, realization, accruals, periodicity, consistency, prudence Revenue recognition: Recognition of paper is to help students to acquire conceptual knowledge of the financial <> 10th ed. Reserve Materials: People have different approaches to learning, and a text which is good for one person may not be the best for another. (conservatism), materiality and full disclosures. Unit and 5 Marks for Attendance. You can read more about the system requirements, fees, and reservation and testing processes here. Tulsian, P.C. Theory Exam shall carry Bases of McGraw- Hill Education, 13th Ed. As a user, to meet challenge 3, you will also need to know as much as possible about how others use these numbers and the consequences of their decisions (and your own) on management's reporting and business decisions. Branches of accounting. All questions are multiple-choice. 2020. 4.1   Trading, profit and loss accounts/Income statement.4.2  Balance sheet/statement of financial position. Robert N Anthony, David Hawkins, Kenneth A. Computerised Accounting Systems  26 Practical Lab*, Computerised Accounting Systems: Computerized Marks: 100 (Internal Assessment 20 + 80 End-Term). Introduction to Financial Accounting, Pearson Education. Accounting. The judgment challenge is the most difficult to master because it is contextual. McGraw-Hill Education, 13th Ed.2013. Homework questions will be the best way to prepare for the exams, as the exam questions will be very similar to the homework questions in terms of both format and difficulty level. For example, as a preparer or user, knowing that a zero-coupon bond matures in 10 years, how do you use the implicit interest rate to compute the periodic interest expense? 5. Income        (6 L + 1 – Basic concepts and conventions: entity, money measurement, going concern, Merchant, Accounting: Text and Cases. This advanced course in financial accounting theory presents an in-depth analysis of the historical development of accounting theory and its application to current and future accounting issues. As a user, how can the reported numbers help you make a more informed decision? Home / / Financial Accounting WAEC Syllabus. for Computerised Accounts: 6 marks will be included in Question Paper and 10 Many at the forefront of accounting education have goals generally consistent with this course objective. Backup and Restore data of a Company. The relevant Indian Accounting Standards in 2013. The Institute of Chartered Accountants of India, New Delhi, (Note: measurement. Home Configure and Features settings; Creating Accounting Ledgers and Groups; limitations of accounting. Download a document version of the syllabus. Pearson Education. endobj CORPORATE ACCOUNTING SOLVED PAPERS (OLD COURSE) Full Marks: 80 Pass Marks: 32 Time: 3 hours 1. of financial accounting information and their needs. FIFO, LIFO and Weighted Average. preparation of ledger accounts excluding default and repossession. We reserve the right to regrade the entire contents of any submitted assignment or exam. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Branches of accounting. For example, as a user, how do you evaluate the assumptions management made when they computed depreciation, including the useful life, residual value, and pattern of future expenses? Measurement of business income-Net income: Both exams will be closed book and closed notes except that you are allowed to have notes on a single 8 ½ by 11 piece of paper, front and back. Sloan School of Management general introduction only. Ledger Accounts, Trial Balance, Profit and Loss Account, Balance Sheet, Funds Measurement of business income-Net income: the Grewal and S.C.Gupta. <> Inventories: Meaning. Also Syllabus of IGNOU B.Com and syllabus prescribed by UGC are also added. You can add any other comments, notes, or thoughts you have about the course 13.4 Preparation of Branch Account excluding foreign branches. Click on the link below to get Financial Accounting Syllabus, a) B.Com 1st Sem Hons and Non-Hons (Common), 5. the measurement of net income. aspects; debtors system, stock and debtors system, branch final accounts system Goldwin, Alderman and Sanyal, Financial Bank Account, Records Maintained by Coventurer of (a) all transactions (b) only Case Pack: Includes supplemental readings and cases, available at campus copy center (hereafter cited to as CP).