Financial Accounting

Price: 575.00 INR

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ISBN:

9780199481712

Publication date:

30/06/2017

Paperback

912 pages

241.0x184.0mm

Price: 575.00 INR

We sell our titles through other companies
Disclaimer :You will be redirected to a third party website.The sole responsibility of supplies, condition of the product, availability of stock, date of delivery, mode of payment will be as promised by the said third party only. Prices and specifications may vary from the OUP India site.

ISBN:

9780199481712

Publication date:

30/06/2017

Paperback

912 pages

241.0x184.0mm

Financial Accounting I is specially designed as an undergraduate textbook for the first year B Com (Hons and Gen.) students of University of Calcutta (CU). The book seeks to provide a comprehensive coverage of the basic principles of financial accounting, incorporating the latest accounting norms and standards.

Rights:  World Rights (except for sale in the United Kingdom)

Description

Financial Accounting I is specially designed as an undergraduate textbook for the first year B Com (Hons and Gen.) students of University of Calcutta (CU). The book seeks to provide a comprehensive coverage of the basic principles of financial accounting, incorporating the latest accounting norms and standards.

The book begins with an introduction to accounting, double-entry book-keeping system, basis of accounting, and basic concepts and conventions of accounting. It moves on to accounting theory and accounting standards, followed by the concepts of revenue recognition, inventories, depreciation, reserves and provisions, provisions on debtors and creditors, capital and revenue transactions, adjustment entries, and rectification of errors. It then delves deep into the concept of preparing final accounts including final accounts of sole proprietorship trading concerns, of manufacturing concerns, from incomplete records, and of non-profit organizations. It then proceeds to describe the concepts of accounting for consignment, and for sales on approval basis, self-balancing and sectional balancing system, and insurance claims for loss of stock and loss of profit.

Written in a crisp and easy-to-understand style, the book also incorporates a large number of worked-out problems, solutions to relevant problems set by CU B Com (Hons & Gen.) and professional examinations such as CA, CS, and CWA, thereby making it ideal for self-study.

Table of contents

  1. Introduction to Accounting
  2. Double Entry Book-keeping System
  3. Basis of Accounting
  4. Basic Concepts and Conventions
  5. Accounting Theory
  6. Accounting Standards
  7. Revenue Recognition
  8. Accounting for Inventories
  9. Accounting for Fixed Assets and Depreciation
  10. Reserves and Provisions
  11. Provisions on Debtors and Creditors
  12. Capital and Revenue Transactions
  13. Adjustment Entries
  14. Rectification of Errors
  15. Final Accounts of Sole Proprietorship Trading Concerns
  16. Final Accounts of Manufacturing Concerns
  17. Final Accounts from Incomplete Records: Single Entry
  18. Final Accounts of Non-profit Organizations
  19. Accounting for Consignment
  20. Accounting for Sale on Approval Basis
  21. Self-Balancing and Sectional-Balancing System
  22. Insurance Claim: Loss of Stock
  23. Insurance Claim: Loss of Profit

Features

  • Completely meets the requirements of the new CU B Com first semester course on Financial Accounting I
  • Contains more than 450 graded, solved illustrations with Problem Notes, and detailed Working Notes
  • Includes relevant problems from last 20 years’ examinations of CU B Com, CA, CS, and CWA, including a separate section in relevant chapters containing solved problems of CU examinations from 2012 to 2016
  • Provides key conceptual issues in the form of numerous Student Notes and Concept Notes throughout the book

Description

Financial Accounting I is specially designed as an undergraduate textbook for the first year B Com (Hons and Gen.) students of University of Calcutta (CU). The book seeks to provide a comprehensive coverage of the basic principles of financial accounting, incorporating the latest accounting norms and standards.

The book begins with an introduction to accounting, double-entry book-keeping system, basis of accounting, and basic concepts and conventions of accounting. It moves on to accounting theory and accounting standards, followed by the concepts of revenue recognition, inventories, depreciation, reserves and provisions, provisions on debtors and creditors, capital and revenue transactions, adjustment entries, and rectification of errors. It then delves deep into the concept of preparing final accounts including final accounts of sole proprietorship trading concerns, of manufacturing concerns, from incomplete records, and of non-profit organizations. It then proceeds to describe the concepts of accounting for consignment, and for sales on approval basis, self-balancing and sectional balancing system, and insurance claims for loss of stock and loss of profit.

Written in a crisp and easy-to-understand style, the book also incorporates a large number of worked-out problems, solutions to relevant problems set by CU B Com (Hons & Gen.) and professional examinations such as CA, CS, and CWA, thereby making it ideal for self-study.

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Table of contents

  1. Introduction to Accounting
  2. Double Entry Book-keeping System
  3. Basis of Accounting
  4. Basic Concepts and Conventions
  5. Accounting Theory
  6. Accounting Standards
  7. Revenue Recognition
  8. Accounting for Inventories
  9. Accounting for Fixed Assets and Depreciation
  10. Reserves and Provisions
  11. Provisions on Debtors and Creditors
  12. Capital and Revenue Transactions
  13. Adjustment Entries
  14. Rectification of Errors
  15. Final Accounts of Sole Proprietorship Trading Concerns
  16. Final Accounts of Manufacturing Concerns
  17. Final Accounts from Incomplete Records: Single Entry
  18. Final Accounts of Non-profit Organizations
  19. Accounting for Consignment
  20. Accounting for Sale on Approval Basis
  21. Self-Balancing and Sectional-Balancing System
  22. Insurance Claim: Loss of Stock
  23. Insurance Claim: Loss of Profit

Read More