FINANCIAL ACCOUNTING
WEEK-1
Accounting: information for
decision making
Accounting information
Accounting systems
Decision making by external parties
Decision making by internal parties
WEEK-2
Basic financial statements
Introduction to financial statements
Statements of financial position
Income statement
Statement of cash flows
Use of financial statements by outsiders
Assignment
Week-(3-4)
The accounting Cycle: Capturing Economic
Events
The ledger
Debit and credit entries
Recording transactions in ledger accounts
The Journal
What is net Income?
Accounting Cycle
The Trial balance
Adjusting Entries
Preparing financial statements
Assignment
Week -5
TheAccounting cycle: preparing an
annual report
Prepare annual report
Adjusting entries
Preparing the statements
Week-6
Accounting for Merchandising Activities
Merchandising companies
Operating cycle of a merchandising
company
Income statement of a merchandising
company
Accounting information for merchandising
company
Perpetual inventory systems
Periodic inventory systems
Modifying an accounting system
Transactions relating to purchases
Transactions relating to sales
Week -7
Forms of Business Organization
Sole proprietorships
Partnerships
Corporations
Week (8-9)
Financial assets
Cash
Shortterm investments
Accounts receivable
Uncollectible accounts
Doubtful accounts
Uncollectible receivable
Recovery of accounts receivables
Credit card sales
Notes receivables and interest charges
Purchases of marketable securities to market
value
Reporting transactions in the financial
statements
Week -10
Inventories and the cost of Good sold
Introduction
The flow of inventory costs
Methods of inventory
Taking a physical inventory
Evaluating the liquidity of inventory
Inventory turnover rate
Week -11
Plant assets and depreciation
Acquisitions of plant assets
Depreciation
Method of Depreciation
Disposal of plant and equipment
Intangible assets
Week -12
Liabilities
The nature of liabilities
Current liabilities
Long term liabilities
week -13
Stockholders Equity: Paid in capital
Corporations
Formation of a corporation
Paid in capital of a corporation
Market Value
Preferred stock
Common stock
Book value and market price
Stock splits
Treasury stock , recording purchases of
treasury stock
Week -14
Incomeand changes in Retained
Earnings
Reporting the result of operations
EPS
Financing activities