1

FINANCIAL ACCOUNTING II

IMPORTANT TOPICS FOR UNIVERSITY EXAMINATION-

Module 1 -Accounting for Hire Purchase

Theory: Meaning and Features of Hire Purchase System

Theory: Hire purchase and Sale

Theory: Hire Purchase and Installment

Accounts: Complete repossession

Accounts: Partial repossession

Module 2 -Branch Accounts

Theory: Accounting for Branches keeping full system of accounting

Accounts: Debtors System

Accounts: Stock and Debtors System (Most Important)

Module 3 - Departmental Accounts

Theory: Distinction between branch and department- Accounting Procedure

Calculation: Allocation of Expenses and Income’s Ratio (Most Important)

Accounts: Inter Departmental Transfers

Calculation: Provision for Unrealized Profits

 2

Module 4 - Accounting for Dissolution of Partnership Firm

Theory: Settlement of Accounts on Dissolution

Theory: Application of decision of Garner Vs Murray Rule (Most Important)

Accounts: Settlement of accounts when all partners are insolvent

Accounts: Realisation a/c, Partners Capital a/c and Cash Book

Module 5 - Accounting Standards

Theory: Applicability of Accounting Standards

Theory: Brief learning of AS1, AS2, AS9, AS10 and AS 19

GAUTHAM P BALAKRISHAN
ST. STEPHEN’S COLLLEGE UZHAVOOR
DEPARTMENT OF COMMERCE – FINANACE & TAXATION
(2021-2023)