AVI 112 BBA L T P J C

1 1 0 2 3
FINANCIAL ACCOUNTING-I

COURSE OBJECTIVES
Financial Accounting-I enables all students to arrive at a basic understanding of Accounting
and Finance irrespective of their backgrounds which will help them in their careers as they go
along, never mind if they are not pursuing Finance and Accounts on a full time basis.

COURSE OUTCOMES
1. Demonstrate basic understanding of Accounting and Finance.

2. With this knowledge, their education as business leaders will be more rounded.

3. Will feel at home, whenever accounting issues are at hand.

Text & Reference Books:

 Introduction to Accountancy by T.S. Grewal, S.C. Gupta, S. Chand-Publications.

 Financial management-By I.M. Pandey, Vikas Publication.
 Financial Accounting- By Jae K. Shim and Joel G. Siegel (Schaum’s Outlines),
Mcgraw-Hill
 Course Contents::

Unit- I

Accounting- Meaning, nature, functions and usefulness, Types of accounting, accounting

equation; Concepts of Accounting, Basic accounting terminology Advantage of accounting,
Relationship of accounting with other disciplines, accounting concept of income

Unit-II

Business entity, money measurement, cost, going concern, dual aspect, realization, accrual;
Conventions of Accounting- consistency, disclosure, conservatism; Asset & Liabilities-
Definition & Types of Assets, Definition & Types of liabilities.

Unit- III

Accounting Process & Recording of transactions – Journal-Types of accounts, Rules for

recording transactions, Opening Entry, Ledger- Balancing an Account, Trial Balance –
Rectification of errors, Final Accounts –Preparation of Trading Accounts (items of trading
account), Definition & Preparation of Profit & Loss account (items of Profit & Loss account)
& Balance Sheet.

Unit- IV

Analysis of Financial statement- Meaning & Items of Cash Flow Statement, Meaning of
Cash Flow Statement, Classification of cash flow activities, definition of fund flow statement,

Unit-V

Ratio Analysis- Advantages of Ratios, Precautions, Basic Ratios-Current Asset Ratio, Quick
Ratio, Gross Profit Ratio, and Inventory Turnover Ratio.

Mode of Evaluation: The internal and external marks are evaluated separately.

Theory

Components Internal External

Marks 50 50

Total Marks 100

 Code

AVI 112
Course
Course Name

G-I
Program Outcomes:

business environment

FINANCIAL
ACCOUNTIN

3=major part of course

2
Business Knowledge

2= addressed significantly
1=addressed to small extent
2
Problem analysis

Design/development of solutions

Conduct investigations of complex problems

2
Modern tool usage

1
The manager and society

Environment and sustainability

Ethics

Individual or team work

Business Communication
1

Project management and finance

1

Life-long Learning

PSO1
PSO1 :- To operate/work and succeed as a leader in dynamic, multicultural local and global

PSO2