Financial & Management Accounting-I LU BBA 1st Semester NEP Notes

24/01/2022 1 By indiafreenotes
Unit 1 Accounting [Book]
Introduction to Accounting Basic Concepts, Purpose, Importance VIEW
Scope of Accounting VIEW
Advantages, Limitations of Accounting VIEW
Users of Accounting Information VIEW
Generally Accepted Accounting Principles (GAAP) VIEW
Accounting Standards (AS) VIEW VIEW
**AS1: Disclosure of Accounting policies VIEW
**AS6: Depreciation Accounting VIEW
**AS9: Revenue recognition VIEW
**AS10: Accounting of fixed assets VIEW
Introduction to International Financial Reporting Standards (IFRS) Need and Significance VIEW
Ethical Issues in Accounting VIEW VIEW


Unit 2 [Book]
Recording and Classification of transactions VIEW
Preparation of trial balance VIEW
Capital and Revenue expenditure VIEW
Preparing final accounts for business VIEW
Adjustment Entries: Inventory, Depreciation, Provision for Bad Debts, Accrued, prepaid, outstanding and unearned income and expenditure VIEW


Unit 3 [Book]
Introduction to Cost accounting: Meaning, Objectives VIEW VIEW
Differences between Cost accounting and financial accounting VIEW
Classification of cost VIEW
Preparation of cost sheet VIEW VIEW
Difference between Marginal and absorption costing VIEW
Cost volume profit analysis VIEW VIEW


Unit 4 [Book]
Methods of costing VIEW VIEW VIEW
Job costing VIEW VIEW
Process Costing VIEW VIEW
Activity based costing VIEW
Reconciliation of Costing and Financial records VIEW VIEW