BMS: Introduction to Financial Accounts

Unit 1
Meaning and Scope of Accounting	VIEW
Need and Development of Accounting	VIEW
Book-Keeping and Accounting	VIEW
Persons interested in Accounting	VIEW
Branches of accounting	VIEW
Objectives of accounting	VIEW
Accounting Standards: Meaning and Scope	VIEW
AS1: Disclosure of Accounting Policies	VIEW
AS6: Depreciation Accounting	VIEW
AS9: Revenue Recognition	VIEW
AS10: Accounting of fixed assets	VIEW
International Financial Reporting Standards (IFRS)	VIEW
IAS1: Presentation of financial Statements	VIEW
IAS2: Inventories	VIEW
Accounting in Computerized Environment: Introduction, features, Applications in various areas of Accounting	VIEW

Unit 2: Accounting Transactions
Accounting cycle	VIEW
Journal	VIEW
Journal proper	VIEW
Opening and closing entries	VIEW
Relationship between journal and Ledger	VIEW
Rules Regarding posting	VIEW
Trial Balance	VIEW
Subsidiary books	VIEW
Purchase, Purchase returns, Sales, Sale return and cash book- Triple column	VIEW
Bank Reconciliation Statement	VIEW
Expenditure and Classification: Capital, revenue and deferred Revenue expenditure	VIEW
Unusual expenses, Effects of error	VIEW
Receipts: Capital receipts, Revenue receipt	VIEW
Difference between Capital receipts and Revenue receipt	VIEW
Revenue, Capital P/L	VIEW

Unit 3: Depreciation Accounting and Trial Balance
Depreciation Accounting	VIEW
Straight Line Methods	VIEW
Reducing Balancing Methods	VIEW
Trial Balance	VIEW
Preparation of Trial Balance	VIEW

Unit 4
Final accounts of a Sole Proprietor	VIEW
Rectification of errors	VIEW
Manufacturing Account	VIEW
Trading Account	VIEW
Profit and Loss account	VIEW
Balance Sheet	VIEW
Final Accounts in Horizontal format	VIEW