P3 Financial Accounting BBA NEP 2024-25 1st Semester Notes

Unit 1 [Book]
Introduction to Accounting, Meaning, Objectives	VIEW
Process of Accounting	VIEW
Branches of Accounting	VIEW
Bases of accounting; Cash basis and Accrual basis	VIEW
Accounting Information Perception of different users	VIEW
Ethical issues in accounting	VIEW
Generally accepted accounting principles (GAAP)	VIEW
Introduction and Significance of Indian Accounting Standards	VIEW
Introduction and Significance of IFRS	VIEW

Unit 2 [Book]
Classification of Accounts	VIEW
Recording and Posting of Transactions	VIEW
Preparation of Trial balance	VIEW
Capital and Revenue Income and Expenditure	VIEW
Preparation of Final accounts of business	VIEW
Profit and Loss Account of Sole Proprietorship	VIEW
Balance Sheet of Sole Proprietorship	VIEW
Adjustment Entries: Inventory, Depreciation, Provision for Bad Debts, Accrued, Prepaid, Outstanding and Unearned income and Expenditure	VIEW

Unit 3 [Book]
Accounting for Assets	VIEW
Valuation of Inventories, Meaning, Significance of Inventory Valuation	VIEW
Inventory Record Systems: Periodic and Perpetual	VIEW
Inventory Record Systems Methods:
FIFO	VIEW
LIFO	VIEW
Weighted Average	VIEW
Depreciation Meaning	VIEW
Methods of Depreciation: SLM and WDV	VIEW
Bank Reconciliation Statement	VIEW
Introduction to Corporate Accounting	VIEW
Preparation of Financial Statements of a Company and Contents of Annual Report	VIEW

Unit 4 [Book]
Analysis of Financial Statements Meaning, Types and Techniques	VIEW
Trend analysis	VIEW
Ratio Analysis	VIEW
Statement of Cash Flow, Indirect method	VIEW