Financial Accounting

Course Outcomes

CO1 Know about importance of accounting in business, various branches of accounting and understand the terminologies used in business
CO2 understand the principles of accounting and method of recording, Journalising posting to ledgers and preparation of financial statements
CO3 Know the reasons for disagreement between Cash book and pass book and also to reconcile them.
CO4 Know the importance of cash and non cash transactions types of errors that occur while recording and preparing financial statements 
CO5 Know the causes for disagreement of trial balance and method of rectifying them
CO6 understand and differentiate between Capital and revenue items and its treatment
CO7 Know the difference between direct and indirect expenses, preparation of financial statements Trading account Profit and Loss account and Balance Sheet.
CO8 know the method of preparing various subsidiary books