Accounting Standards (AS) are basic policy documents. Their main aim is to ensure transparency, reliability, consistency, and comparability of the financial statements. They do so by standardizing accounting policies and principles of a nation/economy.
Course Objective: To make the students acquire the knowledge of provisions and application of Indian Accounting Standards.
| COURSE OUTCOMES: | |||
| CO1)Students will learn what accounting standards are and their role in preparing Finanicial Statements | |||
| CO2)Students will learn which concerns should follow AS and to what extent AS are applicable to an organisation | |||
| CO3)Students will get an overview of AS followed in India | |||
| CO4)Students will learn and understand difference between AS and Ind AS and need for adopting Ind AS over AS. An overview of existing Ind AS will also be given. | |||
| CO5)Students will understand how AS in India stay at par with that of global standards and need for the same is discussed | |||
| CO6)Students will understand accounting for provisions and relevance for disclosures. | |||
| CO7)Students will get brief insight in various accounting standards | |||
| CO8)Students will learn how cost of specified asset and depreciation thereafter is accounted for in FS | |||
Course Commitments:
The students of the course are expected to commit themselves towards a successful completion. Class participation in terms of attendance, discussions and contextual conversations are encouraged. Your commitment in class is also a motivation for me, your course facilitator. A subject is only as limited and as interesting as you perceive it to be. So broaden your outlook towards this subject (and certainly all other ones in your program), get creative with your learning to get the most of the lecture sessions. Bring out your answers and insights. Listen to what your fellow mates have to say and encourage them to voice their opinion should you witness hesitation. The course requires regular readings of newspapers and magazines since you update yourself on the topics we will be discussing in class. Self motivation is an important factor, be full of it. The key is to play around with the methods by which you learn.
In order to facilitate the same a few rules and guidelines have been constructed and you are to abide the same.
>> Classroom Rules & Regulations
You must be in class within five minutes of its commencement.
You must set your mobile phones on complete silent at all times during class. Any buzz or sound from the device will lead to immediate confiscation.
You must carry a pen/pencil and a notebook to class enabling ease of taking notes or any important discussion.
The use of mobile phones and any other device is prohibited inside classroom, unless exclusively asked to do so by the course instructor. Not following the here said rule will lead to confiscation of the device being used.
You must read up on the topic to be discussed the next day in class, well in advance to improve learning.
Any other activity/behavior considered beyond the ethos of classroom conduct will lead to immediate dismissal from the class.
- Teacher: ANJALI .
|
Course Description Computerized Accounting involves using computers and accounting packages for recording storing and analyzing financial data. Tally Software is a complete accounting, inventory, taxation and payroll software. It is one of the best and most commonly used software applicable for small business houses and big financial companies. Learning of computerized accounting makes the entire process of preparing financial accounts faster and simple. The Financial Statements and reports can be generated at the click of a button. It relives the accountants from routine and time consuming process of manual accounting. Financial Data processed through accounting software is easily accessible, accurate, reliable, cost effective and secure. |
|
Course Significance: Learning Computerized accounting is imperative for students seeking jobs in accounts department of any company. It gives the learner the required skills to carry out range of day-to-day accounting activities. Learning Tally also makes it easy to adapt to any other package designed for accounting. By learning the advanced features of Tally related to Taxation and payroll the candidates will be eligible for the posts of (in Government & Private) Assistant Clerks in Tax Departments, Junior Accountants in Companies, Corporations and Boards. Audit Assistant in co-operative departments. Office Assistant/ Accounts Clerk/Accounts Assistant/ Assistant Commercial Tax Practitioner, assistant income tax practitioner, Data Entry Operator, Entry level accounts analyst in BPO. |
|
Course Outcome: CO1) This course aims at providing Computerized Accounting skills to the students. CO2) The students will learn the procedure of transition of manual accounting to computerized accounting. CO3) The student will gain the competence to perform all basic functions of accounting, store details and manage inventory items. CO4) Students will be capable of using accounting software for business communication and accounting purposes. CO5) Students will be able to account for purchases and inventory transactions (creating purchase orders, handling invoices, maintaining inventory control) using a computerized accounting software package. CO6) Students will be able to account for customer and sales related events (maintaining and analyzing customer data, billing, bank deposits and accounts receivable) using a computerized accounting software package CO7) Will be able to ascertain profits and Financial position of the organization. CO8) Will be able to generate reports like Profit and Loss statement, Balance Sheet, Trial Balance, Cash-flow report, etc. and facilitate in decision making. |
- Teacher: VINOD PATTATHIL
| COURSE OUTCOMES | |||||
| CO1.LEARNING THE PROVISIONS OF INDIAN CONTRACT ACT. | |||||
| CO2.LEARNING THE PROVISIONS OF DIFFERENT TYPES OF AGREEMENT | |||||
| CO3.UNDERSTANDING THE LEGALITY OF THE OBJECT AND CONSIDERATION | |||||
| CO4.APPLYING THE PROVISIONS OF SALE AND AGREEMENT TO SALE | |||||
| CO5.LEARNING THE PROVISIONS OF PATENT,COPYRIGHT AND TRADE MARK ACT | |||||
| CO6.APPLYING THE PROVISIONS OF I.T.ACT IN THE DAILY LIFE | |||||
| CO7.UNDERSTANDING THE NUANCES OF ENVIRONMENTAL POLLUTION CONTROL ACT | |||||
| CO8 DEALING WITH THE AGREEMENT WITH THE MINOR | |||||
- Teacher: AMULYA V K S