FINANCIAL ACCOUNTING AND ANALYSIS

FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS

: FINANCIAL ACCOUNTING AND ANALYSIS

UNIT-I: Introduction to Accounting: Introduction, need, meaning & definition of Accounting, importance of Accounting, users of Financial Accounting records, Accounting concepts and conventions - Accounting Equation - Basics of IFRS

UNIT-II: Preparation of Journal and Ledgers -Types of Subsidiary bookspreparation of Triple Column Cash Book - Trial balance - Definition - Importance and methods of preparation. (NP) 

UNIT-III: Preparation of Final Accounts : Objective and need for preparation of Income Statements- Form and contents of income statements - Preparation of Trading Account, Profit and Loss Account with adjustments. Preparation of Balance Sheet - Objectives and need for balance sheet - form and contents of balance sheet-Preparation of balance sheet with Adjusting Closing Entries relating to Depreciation on Fixed Assets (Straight Line Method and Written Down Value Method), outstanding expenses, prepaid expenses, Income received in advance, accrued income, debtors, creditors and closing stock. (NP)

UNIT- IV: Financial Statement Analysis- : Funds flow analysis - Statement of funds from operations-Preparation of Fundsflow statement. Cash flow analysisStatement of cash from operations -preparation of Cash Flow Statements (NP)

UNIT-V: Ratio Analysis: Meaning and types of ratios: Return on Capital Employed; Gross and Net Profit Margins; Asset Turnover; Trade Receivables Collection Period and Trade Payables Payment Period; Current and Quick Ratios; Inventory Turnover; Capital Gearing Ratio. (NP)