Punyashlok Ahilyadevi Holkar Solapur University, Solapur
NAAC Accredited-2022
‘B++’ Grade (CGPA 2.96)
Name of the Faculty: Science & Technology
CHOICE BASED CREDIT SYSTEM
Syllabus: Accounting for Everyone (Minor)
Name of the Course: B.Com. I Sem. I & II (Liberal Commerce)
(Syllabus to be implemented from June 2022)
PUNYASHLOK AHILYADEVI HOLKAR SOLAPUR UNIVERSITY, SOLAPUR
CONSTITUENT COLLEGE- SYLLABUS
Liberal B. Com Part -I Semester –I
PAPER- I: Accounting for Everyone- I
Objective:
The course aims to help learners coming from non-commerce background to acquire basic knowledge on
financial accounting and to impart preliminary skills for recording various kinds of financial transactions.
Learning Outcomes:
After the completion of the course, the learners will be able to:
1. Analyze various terms used in accounting.
2. Make accounting entries and prepare cash book and other accounts necessary while running a business;
3. Prepare profit and loss account and balance sheet.
4. Prepare accounts based on accounting software;
5. Analyze information from company's annual report
COURSE CONTENTS:
Unit 1: Accounting – Meaning, Importance and Need, Its objectives and relevance to business
Introduction establishments and other organisations, and individuals. Accounting information:
to meaning, users and utilities, sources of accounting information. Some Basic Terms –
Accounting Transaction, Account, Asset, Liability, Capital, Expenditure & Expense, Income,
Revenue, Gain, Profit, Surplus, Loss, Deficit. Debit, Credit, Accounting Year, Financial
Year.
Features of recordable transactions and events, Basis of recording – vouchers and
another basis. Recording of transactions: Personal account, Real Account and Nominal
Account; Rules for Debit and Credit; Double Entry System, journalizing transactions;
Preparation of Ledger, Cash Book including bank transactions and Bank Reconciliation
Statement.
Unit 2: Fundamental Accounting Equation; Preparation of Trial Balance; Concept of revenue
Preparation and Capital; Preparation of Trading and Profit & Loss Account, Balance Sheet and Cash
of Financial Flow Statement manually and using appropriate software.
Statements
PUNYASHLOK AHILYADEVI HOLKAR SOLAPUR UNIVERSITY, SOLAPUR
CONSTITUENT COLLEGE-Syllabus
Liberal B.Com Part -I Semester -II
PAPER- II: Accounting for Everyone - II
Unit 1: Computerized Accounts by using any popular accounting software: Creating a
Computerized Company; Configure and Features settings; Creating Accounting Ledgers and
Accounting Systems Groups; Creating Stock Items and Groups; Vouchers Entry; Generating Reports
Computerized - Cash Book, Ledger Accounts, Trial Balance, Profit and Loss Account, Balance
Accounting Sheet, Cash Flow Statement. Selecting and shutting a Company; Backup and
Systems: Restore data of a Company.
Unit 2: Company Public Limited Company, Private Limited Company, Share, Share Capital,
Accounts Shareholder, Board of Directors, Stock Exchange, Listed Company, Share Price,
Explanation of Sensex - BSE, NSE; Annual report, etc. Contents and disclosures in Annual
certain terms Report, Company Balance Sheet and Statement of Profit and Loss. Content
Analysis based on annual report including textual analysis.
Practical Exercises:
The learners are required to:
1. Download annual reports of business Organisations from the websites and go through the contents of the
annual report and present the salient features of the annual report using some ratios and content analysis
including textual analysis.
2. Prepare bank reconciliation statement from the individual pass books.
3. Prepare Trading and Profit & Loss Account, Balance Sheet, and Cash Flow Statement collecting
necessary data from small business firms.
4. Prepare financial statements using appropriate software.
Suggested Readings:
1. Hatfield, L. (2019). Accounting Basics. Amazon Digital Services LLC. Horngren,
2. C. T., Sundem, G. L., Elliott, J. A., & Philbrick, D. (2013). Introduction to Financial Accounting.
London: Pearson Education.
3. Siddiqui, S. A. (2008). Book Keeping & Accountancy. New Delhi: Laxmi Publications Pvt. Ltd.
4. Sehgal, D. (2014). Financial Accounting. New Delhi: Vikas Publishing House Pvt. Ltd.
5. Tulsian, P. C. (2007). Financial Accounting. New Delhi: Tata McGraw Hill Publishing Co. Ltd.
6. Mukharji, A., & Hanif, M. (2015). Financial Accounting. New Delhi: Tata McGraw Hill Publishing
Co. Ltd.
7. Maheshwari, S. N., Maheshwari, S. K., & Maheshwari, S. K. (2018). Financial Accounting. New
Delhi: Vikas Publishing House Pvt. Ltd.
8. Mukherjee, S., & Mukherjee, A. K. (2015). Financial Accounting. Oxford: Oxford University
Press.
9. Jain, S. P., & Narang, K. L. (2014). Financial Accounting. New Delhi: Kalyani Publishers.
10. Gupta, R. L., & Radhaswamy, M. (2014). Financial Accounting. New Delhi: S. Chand Publishing.
11. Lal, J., & Srivastava, S. (2012). Financial Accounting Text & Problems. Mumbai: Himalaya
Publishing House.
12. Monga, J. R. (2017). Financial Accounting: Concepts and Applications. New Delhi: Mayur
Paperback Publishing.
13. Goyal, B. K., & Tiwari, H. N. (2019). Financial Accounting. New Delhi: Taxmann Publication.
Note: Learners are advised to use latest edition of text books.
