Financial Accounting III detailed syllabus for Commercial Practice (CP) for 2021 revision curriculum has been taken from the SITTTRs official website and presented for the Commercial Practice students. For course code, course name, number of credits for a course and other scheme related information, do visit full semester subjects post given below.
For Commercial Practice 3rd Sem scheme and its subjects, do visit Commercial Practice (CP) 3rd Sem 2021 revision scheme. The detailed syllabus of financial accounting iii is as follows.
Course Objectives:
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Course Outcomes:
On completion of the course, the student will be able to:
- Prepare accounts ofNon-Profit Organization. 2
- Apply methods of single-entry system of book keeping. 2
- Make use of methods of providing depreciation.
- Identify Accounting Standards.
Module 1:
Accounting of Non-Profit Organizations: Non-Profit Entities – Meaning – Features -Accounting Process – Receipts and Payments Account – Meaning -Features – Procedure for Preparation – Uses & Limitations – Income and Expenditure Account – Meaning – Features -Procedure for Preparation – Uses & Limitations – Difference between Receipts and Payments Account & Income and Expenditure Account – Preparation of Balance Sheet -Practical Problems.
Module 2:
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Module 3:
Depreciation Accounting – Meaning & Needs – Causes – Objectives – Methods – Fixed installments method -Reducing installment method – Addition and Disposal – Annuity method – Depreciation fund method – Revaluation method – Practical problems.
Module 4:
Introduction to Accounting Standards- Accounting Standard Board of India – Meaning -Scope and Functions of ASBI – Indian Accounting Standards – Concepts – Salient Features of Accounting Standard – Benefits – Procedure for issuing accounting standard in India -List various Accounting Standards in India- IND AS -IFRS(Concept only).
Text Books:
For the complete syllabus, results, class timetable, and many other features kindly download the iStudy App
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Reference Books:
- R. L. Gupta & V. K. Gupta. (2013). Principles and Practices of Accountancy .Sultan Chand & Sons.
- Dr. M. P. Gupta & B. M. Agarwal. Accountancy. S Chand -6th Edition 2020.
- B. S. Raman. Advanced accountancy- Volume I. Sapna Book House.
- Jain and Narang. Accountancy II. Kalyani Publishers.
Online Resources
For the complete syllabus, results, class timetable, and many other features kindly download the iStudy App
It is a lightweight, easy to use, no images, and no pdfs platform to make students’s lives easier..
For detailed syllabus of all other subjects of Commercial Practice (CP), 2021 revision curriculum do visit Commercial Practice 3rd Sem subject syllabuses for 2021 revision.
To see the syllabus of all other branches of diploma 2021 revision curriculum do visit SITTTR diploma all branches syllabus..
To see the results of Commercial Practice (CP) of diploma 2021 revision curriculum do visit SITTTR diploma Commercial Practice (CP) results..
For all Commercial Practice academic calendars, visit Commercial Practice all semesters academic calendar direct link.