3 Review(s)

UNIT-I Ancient Indian Accounting System - merits and demerits, comparison with English system, nature of initial accounting books. Basic concepts and principles of double entry system, journal entries, ledger, subsidiary books, balance sheet, final accounts. Activity - Role play - Students are asked to solve a business situation by dividing them into various accounting roles (such as accountant, auditor, client). UNIT-II Accounting for Depreciation (According to Accounting Standard-6), Royalty Accounts. Activity - Visiting local business - Send students to visit small and medium sized business where they can understand financial functions, such as maintaining accounts, cash management, etc. UNIT-III Branch Accounts and Departmental Accounts. Activity - Financial Analysis Task - To guide the students to analyze the financial statements of public companies so that they can understand ration analysis, profitability analysis etc. UNIT-IV Accounting of Non-Profit Organisations and Investment Accounts. Activity - Case Study Analysis - Ask students to analyze financial reports by giving different business case studies. This will help them understand real-worls problems and learn to solve them. UNIT-V Computerized Accounts by using any popular accounting software e.g. Tally. Creating a company, Configure and Features setting, creating accounting ledgers and groups, creating stock items and groups, Voucher entries, generating report - cash book, ledger accounts, trial balance, Profit and Loss Accounts and Balance Sheets. Activity - Practical Accounting Software Training to teach students accounting software like Tally, QuickBooks, Zoho Books to prepare them for Digital Accounting. (ALL THE TOPICS ARE IN HINDI)