BCM 105: PRINCIPLES OF FINANCIAL ACOUNTING (Syllabus for 2020-21)
Objective: The objective of this paper is to help students to acquire conceptual knowledge of financial accounting and to impart skills for recording various kinds of business transactions. 
UNIT – I
Generally Accepted Accounting Principles (GAAP): Accounting Concepts and Conventions: their Nature, Purposes and Limitations. Introduction to Accounting Software and Tally. Financial Statements of Sole Proprietor and Partnership Firm (with adjustments): Income Statement, Balance Sheet Branch Accounting: Dependent and Independent Branches (Excluding Foreign Branches). Departmental Accounting: Meaning, Needs, Advantages, Apportionment of Expenses, Inter Departmental Transfers and Provision for Unrealised Profit. 
UNIT – II 
Accounting for Consignment. Accounting for Joint Venture. Accounting for Dissolution of Partnership Firm; Insolvency of Partners(excluding Sale to a Company) and Piecemeal Distribution. Royalty Accounts