I.

Com (Accounting)
Course Coverage Plan for the Year of 2010

SEPTEMBER
Week 1 & 2,
Days
Chap # 1: Introduction to Accounting
1 Introduction, History / Background of Accounting
2 Objectives & Characteristics of Accounting
3 Functions of Accounting, Advantages of Accounting
4 Limitations of Accounting, Accounting System
5 Bookkeeping (Meaning & Definition)
6 Kinds of Bookkeeping, Branches of Accounting
7 Accounting Process & Accounting Cycle
8 Basic Accounting Terminologies
9 First Half of Short Questions
10 Second Half of Short Questions
11 First Half of MCQ’s
12 Second Half of MCQ’s
Week 3 & 4,
Chap # 2: Accounting Equation
13 Introduction to Accounting Equation
14 Effects of Business Transactions on Accounting Equation
15 Introduction of Capital, Purchase of an Asset on Cash
16 Purchase of an Asset on Credit, Sale of an Asset on Cash
17 Sale of an Asset on Credit, Payment of a Liability , Collection of an Asset
18 Illustration # 1 (for Practice)
19 Problem # 1
20 Problem # 2 & 3
21 Discussion on Problems
22 First Half of Short Questions
23 Second Half of Short Questions
24 First Half of MCQ’s
25 Second Half of MCQ’s
OCTOBER
 Week 1 & 2,
Days
Chap # 3: Nature of Accounts
1 Introduction to Different Classes of Accounts
2 British / Traditional Approach, American / Modern Approach
3 Personal Accounts, Impersonal Accounts
4 Real Accounts, Nominal Accounts
5 Debit & Credit Rules for Assets, Liabilities & Capital
6 Illustration # 1 & 2 (for practice)
7 Short Questions
8 MCQ’s
Week 2, 3 & 4,
Chap # 4: Journal
9 Introduction to Journal
10 Advantages & Characteristics of Journal
11 Objectives of Journal, Narration of Entry
12 Different Forms of Journal, Important Terminologies of Journal
13 Illustration # 1, 2 (for practice)
14 Illustration # 3 & Problems (for practice)
15 Short Questions
16 MCQ’s
Chap # 5: Ledger & Trial Balance
17 Introduction and Definition of Ledger
18 Features and Forms of Ledger, Standard Form of Ledger
19 Method of Posting, Illustration # 1 (for practice)
20 Balancing the Ledger Accounts, Rules for Balancing Off an Account
21 Illustration # 2 (for practice), Introduction to Trial Balance
22 Purpose of Preparing of Trial Balance
23 Methods of Preparing Trial Balance
24 Short Questions
25 MCQ’s
 NOVEMBER
Week 1, 2, 3 & 4,
Days
Chap # 9: Final Accounts
1 Introduction to Final Accounts
2 Trading & Profit and Loss Account
3 Trading Account & its Items (Debit Side Items & Credit Side Items)
4 Profit & Loss Account and Its Items (Debit Side Items & Credit Side Items)
5 Illustration # 1 & 2 (for practice)
6 Introduction to Balance Sheet
7 Classification of Assets (Current & Non-Current, Tangible & Intangible Assets)
8 Classification of Liabilities (Current & Non-Current Liabilities), Capital
9 Grouping & Marshalling
10 Marshalling in Order to Liquidity or Discharge ability, In order of Performance
11 Illustration 3 (for practice)
12 Adjustments & their Effect on Final Accounts
13 Accrued Expenses and Accrued Income
14 Prepaid Expense and Unearned Liability
15 Illustration 4, 5 (for practice)
16 Interest on Capital & Interest on Drawing
17 Depreciation & Accumulated Depreciation
18 Illustration 6, 7, 8 (for practice)
19 Provision for Bad Debts & Provision for Discount
20 Financial Statements & Work Sheet
21 Methods & Procedure of Preparing Work Sheet
22 First Half of Short Questions
23 Second Half of Short Questions
24 First Half of MCQ’s
25 Second Half of MCQ’s
 DECEMBER
Week 1 & 2,
Days
Chap # 6: Banking Transactions
1 Introduction & History of Banking
2 Definition & Functions of Commercial Bank
3 Basic Function & Commercial Function of Commercial Bank
4 Opening of Current Account & Saving Account in a Bank
5 Characteristics of a Cheque
6 Importance of a Cheque
7 Types of a Cheque: Open Cheque, Cross Cheque,
8 Dishonor of a Cheque, Endorsement of a Cheque
9 Bank Drafts, Postal Orders
10 Recording of Banking Transactions
11 Illustration 3 (for practice)
12 Short Questions
13 MCQ’s
Week 3 & 4,
Chap # 10: Capital & Revenue Expenditures
14 Introduction to Capital & Revenue Expenditures
15 Capital Expenditures and Revenue Expenditures
16 How to Apply these Rules?
17 Exceptions of the Rules: Development Expenditures, Carriage & Freight
18 Repairs Expenditures, Advertising Expenditures
19 Brokerage and Stamp Duty, Legal Charges, Wages & Salaries
20 Capitalized Expenditure, Capital & Revenue Payments
21 Capital & Revenue Receipts, Capital & Revenue Profits
22 Capital & Revenue Losses
23 Illustration 1, 2, 3, 4, 5 (for practice)
24 Short Questions
25 MCQ’s
 JANUARY
Week 1 & 2,
Days
Chap # 11: Rectification of Errors
1 Introduction to Errors, Types of Errors
2 Bookkeeping Errors: Error of Omission, Error of Principles, Error of Posting
3 Error of Commission, Error of Compensation
4 Trial Balance Errors, Effects of Errors on Final Accounts
5 Location of Errors, Correction of Errors (Before & After the Closing Book)
6 How Errors are Rectified: One-Sided Errors, Two Side Errors
7 Illustration 1, 2 (for practice)
8 Introduction to Suspense Account
9 Illustration 4, 5 (for practice)
10 First Half of Short Questions
11 Second Half of Short Questions
12 First Half of MCQ’s
13 Second Half of MCQ’s
Week 3 & 4,
Chap # 8: Subdivision of Journals
14 Introduction to Subdivision of Journals and its Advantages
15 The Cash Book, Definition and Kinds of Cash Book
16 Single Column Cash Book, Double Column Cash Book
17 Three Column Cash Book, Petty Cash Book, Its Objectives
18 Systems of Petty Cash: Ordinary and Imprest System of Petty Cash Book
19 Bank Reconciliation Statement
20 Causes of Disagreement, Items that Frequently Cause a Difference
21 Methods of Preparing Bank Reconciliation Statement
22 Subsidiary Books: Purchase Book, Purchase Return Book, Sales Book
23 Sales Return Book, Bills Receivable Book, Bills Payable Book
24 MCQ’s
25 Short Questions
 FEBRUARY
Week 1, 2, 3 & 4,
Days
Chap # 7: Bills of Exchange
1 Definition & Features of Bills of Exchange
2 Parties Involved in Bills of Exchange
3 Advantages and Types of Bills of Exchange: According to Place & Object
4 Other Types of Bills of Exchange, Promissory Note, Parties Involved in P.Noet
5 Advantages & Maturity of Promissory Note
6 Note Payable and Note Receivable
7 Difference b/w Bills of Exchange & Promissory Note
8 Bookkeeping for Bills Transactions, Accounting Treatment for Bill of Exchange
9 Discounting of a Bill of Exchange
10 Illustration 1, 2, 3 (for practice)
11 Endorsement of a Bills of Exchange
12 Dishonor of a Bills of Exchange
13 Illustration 4, 5, 6 (for practice)
14 Retirement of Bills of Exchange
15 Renewal of Bills of Exchange
16 Accommodation of Bills of Exchange
17 Illustration 7, 8, 9, 10 (for practice)
18 Introduction to Insolvency
19 First Half of Problems from 1 to 11 (for practice)
20 Second Half of Problems from 12 to 22 (for practice)
21 First Half of Short Questions
22 Second Half of Short Questions
23 First Half of MCQ’s
24 Second Half of MCQ’s