1. Introduction to Partnership and Partnership Final Accounts

    Content: This chapter introduces the concept of partnerships, the partnership deed, types of partners, and the preparation of final accounts of partnership firms.

    Objective: To understand the fundamentals of partnerships, the format of final accounts, and how profits and losses are distributed among partners.

 2. Accounts of ‘Not for Profit’ Concerns

    Content: Focuses on the accounting for organizations that do not operate for profit, like clubs, societies, and charitable organizations. It includes the preparation of Receipts and Payments Account, Income and Expenditure Account, and Balance Sheet.

    Objective: To understand the unique accounting procedures for nonprofit organizations and their financial reporting methods.

 3. Reconstitution of Partnership (Admission of Partner)

    Content: Deals with the changes in the partnership agreement when a new partner is admitted. It covers adjustments regarding goodwill, revaluation of assets and liabilities, and changes in profitsharing ratios.

    Objective: To learn how partnerships are restructured upon the admission of a new partner and how accounts are adjusted accordingly.

 4. Reconstitution of Partnership (Retirement of Partner)

    Content: This chapter explains the accounting treatment when a partner retires from a firm, including the calculation of goodwill, revaluation, and settlement of the retiring partner's dues.

    Objective: To understand the process and accounting implications of a partner’s retirement and how to adjust partnership accounts.

 5. Reconstitution of Partnership (Death of Partner)

    Content: Focuses on the accounting treatment upon the death of a partner, including the settlement of the deceased partner’s account, calculation of goodwill, and distribution of profits until the date of death.

    Objective: To learn how to handle financial adjustments and settlements when a partner dies.

 6. Dissolution of Partnership Firm

    Content: Discusses the process of dissolving a partnership firm, the preparation of necessary accounts (realization account, partner’s capital account), and the settlement of liabilities.

    Objective: To comprehend the steps involved in dissolving a firm and the preparation of accounts for the settlement of assets and liabilities.

 7. Bills of Exchange

    Content: Focuses on the concept and accounting for bills of exchange, including drawing, acceptance, discounting, endorsement, and dishonor of bills.

    Objective: To understand how bills of exchange are used as a credit instrument in business transactions and the related accounting entries.

 8. Company Accounts  Issue of Shares

    Content: This chapter explains the process of issuing shares by a company, including accounting for shares issued at par, premium, and discount, as well as oversubscription and forfeiture of shares.

    Objective: To grasp the process of share issuance and the accounting treatment for different scenarios in company accounts.

 9. Analysis of Financial Statements

    Content: Teaches how to analyze financial statements using various tools such as ratios, comparative and commonsize statements, and trend analysis. It includes profitability, liquidity, and solvency ratios.

    Objective: To develop skills in interpreting financial data and analyzing the financial health of a business.

 10. Computer in Accounting

    Content: Introduces the role of computers in accounting, including the use of accounting software for maintaining financial records, generating reports, and the advantages of computerized accounting systems.

    Objective: To familiarize students with the basics of computerized accounting and its application in modern day financial management.