Unit no.
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Unit Name
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Topics
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Part A
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Financial Accounting - I
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Theoretical Framework
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Accounting- concept, objectives, advantages and limitations, types of accounting
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Basic Accounting Terms- Business
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Transaction, Capital, Drawings. Liabilities, Assets
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Fundamental accounting assumptions:GAAP
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System of Accounting. Basis of Accounting: cash basis and accrual basis
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Accounting Standards: Applicability in IndAS
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Goods and Services Tax (GST):
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Characteristics and Objective.
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Accounting Process
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Recording of Business Transactions
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Bank Reconciliation Statement
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Depreciation, Provisions and Reserves
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Accounting for Bills of Exchange
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Trial balance and Rectification of Errors
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Part B
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Financial Accounting - II
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Financial Statements of Sole Proprietorship from Complete and
Incomplete Records
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Financial Statements: eaning, objectives and importance
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Trading and Profit and Loss Account
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Balance Sheet
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Adjustments in preparation of financial statements with respect to closing stock, outstanding expenses
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Incomplete Records
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Features, reasons and limitations.
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Ascertainment of Profit/Loss by Statement of Affairs
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method.
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Difference between accounts from incomplete records
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Computers in Accounting
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Introduction to computer and accounting information system {AIS}
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Introduction to operating software, utility software and application software.
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Automation of accounting process: meaning
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Stages in automation
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