1. Introduction to Accounting

    Content: This chapter introduces the basic concepts of accounting, including the need for accounting, users of financial statements, and fundamental principles.

    Objective: To understand the importance and purpose of accounting and its role in business decision making. To grasp basic accounting concepts and principles.

2. Theory Base of Accounting

    Content: Focuses on the accounting concepts, conventions, and principles. It also covers the Generally Accepted Accounting Principles (GAAP).

    Objective: To familiarize students with the conceptual framework of accounting and the need for standardization in the practice of accounting.

3. Recording of Transactions  I

    Content: Explains the process of recording financial transactions using journal entries, types of accounts, and the accounting equation.

    Objective: To develop the ability to record financial transactions systematically using the rules of debit and credit, and to understand the double entry system.

4. Recording of Transactions  II

    Content: Covers the process of recording transactions in subsidiary books like cash book, purchase book, sales book, and more.

    Objective: To learn how to record transactions using different subsidiary books and how these records integrate into the accounting process.

5. Bank Reconciliation Statement

    Content: Discusses the preparation of a bank reconciliation statement to reconcile the bank balance as per cash book with the bank statement.

    Objective: To understand how to prepare a bank reconciliation statement and its importance in identifying discrepancies between bank records and cash book records.

6. Trial Balance and Rectification of Errors

    Content: Focuses on the preparation of a trial balance, identification, and rectification of errors in accounting entries.

    Objective: To ensure accuracy in accounting by preparing a trial balance and learning how to detect and rectify errors in accounting records.

7. Depreciation Provisions and Reserves

    Content: Covers the concepts of depreciation, different methods of calculating depreciation, and provisions and reserves in accounting.

    Objective: To understand how depreciation affects the value of assets, and to learn how to create provisions and reserves to account for future expenses and losses.

8. Bills of Exchange

    Content: Explains the concept of bills of exchange, including their features, types, and accounting treatment.

    Objective: To understand the concept and accounting of bills of exchange and their role in credit transactions.

9. Financial Statements  I (Without Adjustments)

    Content: Covers the preparation of financial statements like the trading and profit & loss account and balance sheet without adjustments.

    Objective: To learn how to prepare basic financial statements that reflect a firm’s financial position and performance.

10. Financial Statements  II (With Adjustments)

    Content: Explains the preparation of financial statements with adjustments for items like depreciation, bad debts, prepaid expenses, etc.

    Objective: To develop the ability to prepare comprehensive financial statements that include adjustments to reflect accurate financial performance.

11. Accounts from Incomplete Records

    Content: Discusses how to prepare accounts when complete records are not available, also known as single entry bookkeeping.

    Objective: To understand the limitations of single entry systems and learn how to derive financial statements from incomplete records.

12. Accounting for Not for Profit Organizations

    Content: Covers the preparation of financial statements for not for profit organizations, including the income and expenditure account and balance sheet.

    Objective: To apply accounting principles to nonbusiness entities, and learn how to prepare financial statements for not for profit organizations.

13. Computerized Accounting System

    Content: Introduces the concept of computerized accounting, its advantages, and the use of accounting software for recording and processing transactions.

    Objective: To understand the use of technology in accounting and how computerized systems can streamline the accounting process.