UNIVERSITY OF MADRAS
Bachelor in Computer Applications (BCA)
SEMESTER SYSTEM WITH CREDITS
(Effective from the Academic Year 2003-2004)

SYLLABUS

Semester III - BCA210 - Financial Accounting

Lecturer/Lab Hours per Week: 6
Duration: 3 hrs
Max Makrs: 100
Credit: 4

Unit - I:

The Accounting structure: Basic accounting concepts and conversions - Accounting equation - Meaning of accounting - Groups interested in accounting information - trial balance, final accounts (emphasis to be given to important adjustments) - Rectification of errors - Suspense account

Unit - II:

Depreciation accounting - Meaning of depreciation - Methods of providing depreciation - Fixed percentage on original cost - Fixed percentage on diminishing balance (including change in the method of depreciation) Single entry: Definition and salient features Statement of affairs method - Conversion method. Average due date - Account current and investment accounts

UNIT - III :

Branch Accounts: Debtors system - profit and Loss Accounts - Stock and debtors system - Distinction between wholesale profit and retail profit - Independent branch ( foreign branch excluded) - Departmental Accounts: Basis for allocation of expenses - Inter departmental transfer at cost or selling price - Treatment of expenses which cannot be allocated.

Unit - IV:

Hire purchase and Instalment purchase: Meaning and legal position Accounting aspects - Default and re-possession - Hire purchase trading account - Instalment system - Accounting aspect. Sale or Return: Meaning and legal position - Accounting procedure under different circumstances.

UNIT - V:

Partnership Accounts: Section 13 of Indian Partnership Act - Fixed and fluctuating. capital - Final accounts of firms - Admission of a partner - Retirement of a partner - Death of a partner - dissolution of partnership - Insolvency of a partner - (Garner Vs Murray) - Insolvency of all pa tners Gradual realization of assets and piecemeal distribution.

Books for Study and Reference: