DSC 101: FINANCIAL ACCOUNTING - I Syllabus OU || B.Com || Semester 1

 

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In this post, you will be provided with the complete course details for Osmania University BBA Semester 1, (DSC-101: Principles Of Management).DSC stands for Disciple Specific Course, it is a 5 credit course for BBA students that means students are required to study 5 hours per week. Below you will find complete details such as course objectives, course outcomes expected from students, syllabus, model paper pattern, suggested books by Osmania University etc.

B.Com (CBCS) OU

COURSE NO. DSC - 101

DSC 101: FINANCIAL ACCOUNTING - I

COURSE OBJECTIVES: To acquire conceptual knowledge of basics of Accounting and preparation of final accounts of sole trader.

COURSE SYLLABUS:

UNIT-I: ACCOUNTING PROCESS:

Financial Accounting: Introduction – Definition – Evolution – Functions-Advantages and Limitations –Users of Accounting Information- Branches of Accounting – Accounting Principles: Concepts and Conventions-Accounting Standards– Meaning – Importance – List of  Accounting Standards issued by ASB - Accounting System- Types of Accounts – Accounting Cycle – Journal- Ledger and Trial Balance (Including problems)

UNIT-II: SUBSIDIARY BOOKS:

Meaning –Types: Purchases Book - Purchases Returns Book - Sales Book - Sales Returns Book - Bills Receivable Book - Bills Payable Book – Cash Book: Single Column, Two Column, Three  Column and Petty Cash Book - Journal Proper(Including problems)

UNIT-III: BANK RECONCILIATION STATEMENT:

Meaning - Need - Reasons for differences between cash book and pass book balances – Favourable and over draft balances – Ascertainment of correct cash book balance (Amended Cash Book) - Preparation of Bank Reconciliation Statement (Including problems)

UNIT-IV: RECTIFICATION OF ERRORS AND DEPRECIATION:

Capital and Revenue Expenditure – Capital and Revenue Receipts: Meaning and Differences - Differed Revenue Expenditure. Errors and their Rectification: Types of Errors - Suspense  Account – Effect of Errors on Profit (Including problems)

Depreciation (AS-6): Meaning – Causes – Difference between Depreciation, Amortization and Depletion - Objectives of providing for depreciation – Factors affecting depreciation – Accounting Treatment – Methods of depreciation: Straight Line Method - Diminishing Balance Method (Including problems)

UNIT-V: FINAL ACCOUNTS:

Final Accounts of Sole Trader: Meaning -Uses -Preparation of Manufacturing, Trading and

Profit & Loss Account and Balance Sheet – Adjustments – Closing Entries(Including problems)

COURSE INSTRUCTIONS & EVALUATION:

Hour Per Week (HPW) study required: 5Hrs

Course Credit: 5

Exam Duration: 3 Hours

Maximum Marks: 100 Marks

(80 Marks University Exam + 20 Marks Internal Exam)

MODEL PAPER FOR (DSC – 101)

PRINCIPLES OF MANAGEMENT

UNIVERSITY EXAM PAPER PATTERN

Section – A (4 Marks Questions)

Answer any FIVE questions from following questions not exceeding 20 lines. Each question carries 4 Marks (5 x 4 = 20 Marks)

 

Section – B (12 Marks Questions)

Answer any FIVE questions from the following 10 questions in not exceeding 4 pages. Each question carries 12 Marks (5 x 12 = 60 Marks)

 

Recommended Books:

1. Accountancy-I: Haneef and Mukherjee, Tata McGraw Hill Company.

2. Principles & Practice of Accounting: R.L.Gupta&V.K.Gupta, Sultan Chand.

3. Accountancy-I: S.P. Jain & K.L Narang, Kalyani Publishers.

4. Accountancy–I: Tulasian, Tata McGraw Hill Co.

5. Introduction to Accountancy: T.S.Grewal, S.Chand and Co.

6. Advanced Accountancy-I: S.N.Maheshwari&V.L.Maheswari, Vikas.

7. Fundamentals of Financial Accounting: Deepak Sehgil, Tax Mann Publication.

8. Financial Accounting: JawaharLal, Himalaya Publishing House.