Financial Accounting
Semester VII · BCA 403 · 2 credits
0 / 7
chapters done
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The syllabus asks for
- Accounting, book-keeping and users
- Branches and the nature of business transactions
- Accounting concepts and GAAP
- Accounting standards, NFRS and IFRS in Nepal
- The accounting equation
- Double-entry principle and account types
- Seeing the ideas: records, equation and cycle
- Summary and exercises
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The syllabus asks for
- Source documents and the journal
- Rules of debit and credit
- VAT in the books
- TDS entries
- Ledger posting and T-accounts
- A journal and ledger engine in Python
- Opening, closing and compound entries
- Seeing the ideas: debit and credit, the VAT invoice and the cash T-account
- Summary and exercises
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The syllabus asks for
- Purchases, sales and returns books
- Cash books
- Petty cash and the imprest system
- The trial balance
- Locating errors and the suspense account
- Rectification principles
- Seeing the ideas: books of prime entry, the three-column cash book and the hunt for a difference
- Summary and exercises
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The syllabus asks for
- Cash book versus pass book
- Causes of difference
- Preparing the BRS: step by step
- Worked schedule
- Journal entries after the BRS
- Stale cheques and good practice
- Seeing the ideas: the cheque, the two balances and the bridge between them
- Summary and exercises
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The syllabus asks for
- What depreciation is
- Methods
- Accounting entries
- Disposal of an asset
- Inventory valuation
- Periodic and perpetual systems
- Seeing the ideas: the two depreciation curves, the warehouse and the FIFO layers
- Summary and exercises
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The syllabus asks for
- Trading Account
- Profit and Loss Account
- Balance Sheet
- Year-end adjustments
- A complete worked example
- Provision for doubtful debts
- Final accounts of a company
- Seeing the ideas: from sales to net profit, the balance sheet and the five adjustments
- Summary and exercises
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The syllabus asks for
- Why ratios, and their limits
- Data used
- Liquidity ratios
- Solvency (leverage) ratios
- Profitability ratios
- Turnover (activity) ratios
- The DuPont identity
- A computerised double-entry ledger
- Seeing the ideas: the ratio dashboard, the DuPont tree and the database ledger
- Summary and exercises
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The paper
TU assessment: 60% final examination set by the university, 40% internal (assignments, lab work, attendance). Confirm the split in your college's notice.
Where the hours go
Teaching hours are the board's guide to how much of the paper each part carries.
- Unit 6 · Final Accounts with Year-End Adjustments8 h
- Unit 2 · "Recording Transactions: Journal, VAT and TDS Entries, Ledger and T-Accounts"7 h
- Unit 5 · Depreciation and Inventory Valuation7 h
- Unit 3 · Subsidiary Books, Trial Balance and Error Rectification6 h
- Unit 4 · Bank Reconciliation Statement6 h
- Unit 7 · Ratio Analysis and a Computerised Ledger in SQLite6 h
- Unit 1 · Conceptual Framework of Accounting, GAAP, NFRS and the Accounting Equation5 h