University of Mumbai, Maharashtra (Mumbai University), Accounts , Financial Accounting Syllabus

Unit - 1 Introduction to accounting and Financial Statements

Unit 1

Introduction to Accounting and Financial Statements

1.1 BASIC ACCOUNTING CONCEPTS

1.2 ACCOUNTING CONVENTIONS

1.3 TYPES OF ACCOUNTING

1.4 FRAMEWORK FOR THE PREPARATION AND PRESENTATION OF FINANCIAL

1.5 LIMITATIONS OF FINANCIAL STATEMENTS

Unit - 2 Accounting of Non Trading Organizations and Single Entry System

Unit 2

Accounting of Non Trading Organization and Single Entry System

2.1 NonTrading Organisations

2.2 Single Entry System

2.3 Income and Expenditure Account

2.4 Single Entry System Preparation of Account for incomplete – Records

2.5 Conversion of Single Entry into Double Entry System

Unit - 3 Royalty, Hire Purchase System and Installment Payment System of Accounts

Unit – 3

ROYALTY HIRE PURCHASE SYSTEM AND INSTALMENT PAYMENT SYSTEM OF ACCOUNTS

3.1 Royalty Hire Purchase System and Instalment Payment System of Accounts

Unit - 4 Departmental Accounts and Branch Account

Unit – 4

DEPARTMENTAL ACCOUNTS AND BRANCH ACCOUNTS

4.1 Departmental Accounts

4.2 Branch Accounts

Unit - 5 Insolvency Account, Partnership dissolution, Insolvency of Partners – Garner Vs. Murry

Unit – 5

INSOLVENCY AC PARTNERSHIP DISSOLUTION INSOLVENCY OF PARTNERS – GARNER vs Murray

5.1 Insolvency Account

5.2 Partnership dissolution

5.3 Insolvency of Partners – Garner Vs.Murry