Financial Accounting : BCA notes-Financial Accounting

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complete financial accounting notes for BCA course students

Financial Accounting Notes : BCA Second semester notes

Unit 1 Theoretical Framework
4 Hrs.
Meaning and Scope of Accounting: Meaning of Accounting, Procedural
Aspects of Accounting, F.volution of Accounting as a Social Science, Objectives
of Accounting, Functions of Accounting, Sub-fields of Accounting, Users of
Accounting Information, Relationship of Accounting With Other Disciplines,
Limitation of Accounting, Role of Accountant in the Society.
Accounting Concepts, Principles and Conventions: Accounting Concepts,
Principles & Conventions — an Overview, Qualitative Characteristics of Financial
Statements, Fundamentals Accounting Assumptions.
Accounting Standards: Concepts, Objectives, Benefits & An Overview of
Nepal Accounting Standards
Accounting Policies: Meaning, Selection of Accounting Policies and Changes in
Accounting Policies

Unit 2 Accounting Process
IO Hrs.
Books Of Accounts Leading to The Preparation of Trial Balance, Journal Entries,
Double Entry System, Advantage of Double Entry System, Concepts of
Transaction and Events, Classification of Accounts, Golden Rules of
Accounting, Advantages of Journal, Ledger, Trial Balance, Subsidiary Books
Including Cash Books, Capital and Revenue Expenditures and Receipts.
Contingent Assets and Contingent I,iabilities, Errors Including Rectifications
Thereof.
Unit 3 Bank Reconciliation Statement
4 Ilrs.
Introductions, Ascertaining the Causes ofViITerences of Bank Balance in Bank.
Column of thc Cash-Book and in Pass- Book, Procedure for Reconciling the
Cash- Book Balance with the Pass-Book alance, Importance Fof Bank
Reconciliation Statement.
Page | 27

Unit 4 Depreciation Accounting
4 Hrs.
Concepts of Depreciation, Objectives for Providing Depreciation, Methods for
Providing Depreciation, Accounting för Depreciation
Unit 5 Inventories
4 Hrs.
Meaning, Basis and •rechnique of Inventory Valuation, Inventory Recording •
System, Stock Taking
Unit 6 Preparation of Final Accounts for Sole Proprietors
10 Hrs.
Concept of Closing Entries in respect of Trading and Profit & Loss Account,
Concept of Accrual Basis of Accounting, Matching Concept and Dual Aspecls,
Concept on Manufacturing Account, Preparation of Balance Sheet, Arrangement
and Classification of Assets and Liabilities
Unit 7 Introduction to Company Accounts
9 Hrs.
Meaning of Company, Salient Features of Company, Types of Company,
Preparation of Financial Statements, Share Capital and its types, Debentures
and its types, Distinction between Debentures and Shares, Issue of Shares and
Debentures, Redemption of Preference Shares

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