TS Degree 1st sem Financial Accounting 1 Syllabus 2025

Financial Accounting 1: TS Degree 1st sem syllabus 2025

Unit 1: Accounting Process

1.1 Financial Accounting: Introduction – Definition – Evolution
1.1.1 Functions – Advantages and Limitations
1.1.2. Users of Accounting Information – Branches of Accounting
1.2 Accounting Principles: Concepts and Conventions
1.3 Accounting Standards – Meaning – Importance
1.1.3 List of Accounting Standards issued by ASB
1.4 Accounting System
1.5 Types of Accounts
1.6 Accounting Cycle
1.7 Journal
1.8 Ledger
1.9 Trial Balance
Unit 1: PRACTICAL PROBLEMS

Unit 2: Subsidiary Books & Rectification of Errors

2.1 Subsidiary Books: Meaning – Types
2.1.1 Purchases Book – Purchases Returns Book
2.1.2 Sales Book – Sales Returns Book
2.1.3 Bills Receivable Book – Bills Payable Book
2.1.4 Cash Book: Single Column, Two Column, Three Column and Petty Cash Book
2.2 Journal Proper (Including Problems) Rectification of Errors
2.2.1 Suspense Account
2.2.2 Effect of Errors on Profit
Unit 2: PRACTICAL PROBLEMS

Unit 3: Bank Reconciliation Statement

3.1 Bank Reconciliation Statement: Meaning – Need
3.2 Reasons for differences between Cash Book and Pass Book balances
3.3 Favourable and Overdraft balances
3.4 Ascertainment of correct Cash Book balance (Amended Cash Book)
3.5 Preparation of Bank Reconciliation Statement
Unit 3: PRACTICAL PROBLEMS

Unit 4: Depreciation Accounting

4.1 Depreciation (Ind-AS-16): Meaning – Causes
4.1.1 Difference between Depreciation, Amortization and Depletion
4.1.2 Objectives of providing for depreciation – Factors affecting depreciation
4.1.3 Accounting Treatment
4.2 Methods of Depreciation: Straight Line Method – Diminishing Balance Method and Sum of the Units Method
Unit 4: PRACTICAL PROBLEMS

Unit 5: Final Accounts of Sole Trader

5.1 Capital and Revenue Expenditure: Meaning and Differences
5.1.1 Capital and Revenue Receipts: Meaning and Differences
5.1.2 Deferred Revenue Expenditure.
5.2 Final Accounts of Sole Trader: Meaning and Uses
5.3 Preparation of Final Accounts
5.3.1 Manufacturing
5.3.2 Trading
5.3.3 Profit & Loss Account
5.3.4 Balance Sheet
5.4 Adjustments – Closing Entries
Unit 4: PRACTICAL PROBLEMS

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