Financial Accounting: Concepts and Applications has been designed strictly in accordance with the Choice Base Credit System (CBCS) revised syllabus of the paper titled “Financial Accounting” for B.Com (Honours). This book incorporates the latest changes that have taken place in the last few years and is based on Learning Objectives instructional design.
Features
Explanation of the subject matter in the simplest manner with Case Studies
Each chapter begins with Learning Objectives (LO) of the chapter
Rich pedagogical features such as diagrams, case studies and chapter-end exercises
Accounting treatment has been given in conformity with the latest Accounting Standards and relevant statutes.
Accounting treatment for property, plant and equipment along with depreciation covered as per the latest Accounting Standard 10 – Property Plants and Equipment (AS 10 – PPE).
Accounting for leases explained as per the Indian Accounting Standard (Ind – AS) 116 – Leases (Ind – AS 116).
New concepts like Departmental Accounts and Partnership Accounts including goodwill valuation, admission of partner, retirement of partner, death of partner explained in detail supported with case studies.
Accounting Software Tally.ERP 9 used to explain Computerized Accounting System
Access Anywhere, Any Time Cengage App containing Solutions to Case Studies for Practice
About the Author
Lt Bhupinder
Lt Bhupinder is assistant professor and associate NCC officer (ANO) at the Department of Commerce, Delhi College of Arts & Commerce, University of Delhi. He has been teaching financial accounting for more than 13 year at Delhi College of Arts & Commerce. Currently, he is pursuing Ph.D. from Department of Commerce, Delhi School of Economics, University of Delhi. He completed his bachelor’s and master’s degree in commerce with specialization in finance and accounting from S.R.P.A. A.B. College, Pathankot affiliated to Guru Nanak Dev University, Amritsar, and M.Phil in commerce from Himachal Pradesh University, Shimla. He has authored three books, contributed chapters in edited books, publications in national and refereed journal, and presented research papers in national and international conferences.
Table of Contents:
Chapter 1. Introduction to Financial Accounting
Chapter 2. Accounting Principles: Concepts and Conventions
Chapter 3. Accounting Standards, Ind-AS and IFRS
Chapter 4. Accounting System
Chapter 5. Capital and Revenue Transactions
Chapter 6. Accounting for Property, Plant and Equipment & Depreciation (AS 10 – PPE)
Chapter 7. Final Accounts of Non-Corporate Business Entities
Chapter 8. Accounting for Non-Profit Organizations
Chapter 9. Accounting for Inland Branch
Chapter 10. Departmental Accounts
Chapter 11. Accounting for Hire Purchase and Installment System
Chapter 12. Leases (Ind-AS 116)
Chapter 13. Valuation of Inventories
Chapter 14. Computerised Accounting System
Chapter 15. Partnership Accounts
Chapter 16. Accounting for Dissolution of Partnership Firm
