Financial Accounting (MGT101)

Handouts | Power Point Slides:

Video Lectures:

Lecture 1 Lecture 2 Lecture 3 Lecture 4 Lecture 5
Lecture 6 Lecture 7 Lecture 8 Lecture 9 Lecture 10
Lecture 11 Lecture 12 Lecture 13 Lecture 14 Lecture 15
Lecture 16 Lecture 17 Lecture 18 Lecture 19 Lecture 20
Lecture 21 Lecture 22 Lecture 23 Lecture 24 Lecture 25
Lecture 26 Lecture 27 Lecture 28 Lecture 29 Lecture 30
Lecture 31 Lecture 32 Lecture 33 Lecture 34 Lecture 35
Lecture 36 Lecture 37 Lecture 38 Lecture 39 Lecture 40
Lecture 41 Lecture 42 Lecture 43 Lecture 44 Lecture 45

Course Contents:

Basic concepts of accounting, Record keeping and some basic concepts, Systems of Accounting and some basic terminologies, Single and double entry record keeping, Classification of accounts, Basic books of accounts, Introduction to Financial Statements: Recording of Transactions, Accounting equation, Voucher, its types and Posting to Ledgers, Recording of Stock, Cost of goods statement & Valuation of Stock, Fixed Assets and Depreciation, Methods for charging depreciation, Depreciation on purchase and disposal of fixed assets, Revaluation of Fixed Assets, Bank Reconciliation Statement, Rectification of Error, Debtors, Creditors, Accruals and Provision for Bad Debts, Control Account, Rectification of Errors, Presentation of Financial Statements, Types of Business Entities, Financial Statements of Sole Proprietorship, Financial Statements of Manufacturing Concern, Financial Statements of Partnership, Mark Up on Capital and Drawings, Introduction to Companies, Components of Financial Statements of Companies, Cash Flow Statement, Financial Statements of Listed/Quoted Companies, Financial Ratios.

Books Recommended:

S. No.BookAuthor
1Accounting an Intuitive ApproachM. Arif, Sohail Afzal
2Accounting the Basis of Business DecisionsMeigs Williams Hake Bettner
3Advanced AccountingM. Arif, Sohail Afzal

Guidelines to use VULMS:

Assignment Upload Guide
MDB Posting Guide