Basic knowledge.
| 1. | Theroretical Framework |
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| | (i) | Meaning and Scope of accounting | | (ii) | Accounting Concepts, Principles and Conventions | | (iii) | Accounting Standards – concepts, objectives, benefits | | (iv) | Accounting Policies | | (v) | Accounting as a measurement discipline – valuation principles, accounting estimates |
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| 2. | Accounting Process |
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| Books of Accounts leading to the preparation of Trial Balance, Capital and revenue expenditures, Capital and revenue receipts, Contingent assets and contingent liabilities, Fundamental errors, including rectifications thereof. |
| 3. | Bank Reconciliation Statement |
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| 4. | Inventories |
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| Basis of inventory valuation and record keeping. |
| 5. | Depreciation accounting |
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| Methods, computation and accounting treatment of depreciation, Change in depreciation methods. |
| 6. | Preparation of Final Accounts for Sole Proprietors |
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| 7. | Accounting for Special Transactions |
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| | (a) | Consignments | | (b) | Joint Ventures | | (c) | Bills of exchange and promissory notes | | (d) | Sale of goods on approval or return basis. |
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| 8. | Partnership Accounts |
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| Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill. |
| 9. | Introduction to Company Accounts |
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| Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares. |
