1. Introduction to Accounting

 Content: This chapter introduces the meaning, Objectives, and importance of accounting. It discusses users of financial information and the basic terms related to accounting.

 Objective: Understand the fundamental concepts of accounting, its significance in business, and the terminology used in the accounting process.

 2. Theory Base of Accounting

 Content: Focuses on the principles and concepts of accounting, including the Generally Accepted Accounting Principles (GAAP), the accounting standards, and the framework for preparing financial statements.

 Objective: Learn the theoretical framework and essential accounting principles that guide the preparation and presentation of financial statements.

 3. Recording of Transactions  I

 Content: Introduces the process of recording financial transactions in the books of accounts, covering the concept of the journal, ledger, and double entry system.

 Objective: Understand how to record financial transactions using the double entry system and maintain proper accounting records.

 4. Recording of Transactions  II

 Content: Continues the recording process, focusing on subsidiary books like the purchase book, sales book, and cash book.

 Objective: Learn to use subsidiary books for recording specific types of transactions and understand their importance in simplifying the accounting process.

 5. Bank Reconciliation Statement

 Content: Covers the process of reconciling the balance in the cash book with the bank statement to identify discrepancies.

 Objective: Understand the reasons for differences between the cash book and bank statement and learn how to prepare a bank reconciliation statement.

 6. Trial Balance and Rectification of Errors

 Content: Explains the preparation of a trial balance to verify the accuracy of recorded transactions, along with the process of identifying and rectifying errors.

 Objective: Learn how to prepare a trial balance, detect errors in accounting records, and rectify them to ensure accurate financial reporting.

 7. Depreciation, Provisions, and Reserves

 Content: Discusses the concept of depreciation and the methods of calculating it, along with the creation and purpose of provisions and reserves.

 Objective: Understand the need for depreciation, provisions, and reserves in financial statements and learn how to calculate and record them.

 8. Accounting for Bills of Exchange

 Content: Introduces the concept of bills of exchange, including the terms of the bill, types of bills, and accounting treatment.

 Objective: Gain knowledge of bills of exchange and learn how to account for bills drawn, accepted, and dishonored.

 9. Financial Statements  I

 Content: Covers the preparation of financial statements, including the trading account, profit and loss account, and the balance sheet for sole proprietorship businesses.

 Objective: Learn to prepare financial statements to assess the financial performance and position of a business.

 10. Financial Statements  II

 Content: Continues with the preparation of financial statements, focusing on adjustments related to outstanding expenses, prepaid expenses, accrued income, and unearned income.

 Objective: Understand how to incorporate adjustments while preparing financial statements and ensure the true financial position of the business is reflected.

 11. Accounts from Incomplete Records

 Content: Explores the accounting methods used when only partial records of transactions are maintained, also known as singleentry accounting.

 Objective: Learn to prepare accounts from incomplete records and estimate the financial position and performance of a business using available data.

 12. Applications of Computers in Accounting

 Content: Introduces the role of computers in accounting, discussing the need, benefits, and limitations of computerized accounting systems.

 Objective: Understand the importance of computers in accounting and how technology simplifies the accounting process.

 13. Computerized Accounting System

 Content: Discusses the components, design, and implementation of computerized accounting systems, and explains how they are used in modern businesses.

 Objective: Learn how to use computerized accounting systems to record and process transactions efficiently and accurately.