PRINCIPLES OF ACCOUNTING SYLLABUS

                                                       NATIONAL UNIVERSITY
                                                      Syllabus for 4 year BBA(Hons)
                                                 PRINCIPLES OF ACCOUNTING
                                                                       part-1 
                                                                                                                                              marks:100
course Title:

1.Accounting - The Language of Business:Definition and scope of Accounting,Its role and Functions, History of Accounting, Purpose and Nature of Accounting Information.Users of Accounting information.Branches of  Accounting -Nature of Business  and Accounting.      

2.Conceptual Framework for Financial Accounting:FASB Conceptual Frame for Financial Accounting-First-Level:Basic Objectives:(SFAC-1);Second level:Qualitative Characteristics of Accounting Information (SFAC-2);Third Level:Operational Guidelines.  

3.The Accounting process: Double-Entry Accounting System vis-a-vis Incomplete System . Accounting Equation - Effects of Transactions on the Accounting   Equation. The Account-Classification of Accounts-Selection of Account Titles-Chart of Accounts-Coding-Rules of debit and Credit-Balancing and Normal Balance-Recording(Bookkeeping) Aspect of other Events-journalization-posting to the Ledger-preparation of Trial Balance-Limitations of Trial Balance,Errors and their Rectification.     

4.The Adjustment Process and Completing the Accounting Process:Key aspects of the Accrual basis of Accounting , Cash accounting and Break-up basis of accounting Adjustments-Adjusted Trial Balance-Preparation of work Sheet-Closing Entries-Post-Closing Trial Balance-Reversing Entries.