FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS
FINANCIAL ACCOUNTING AND ANALYSIS Unit 1Meaning and Definition of Financial Accounting–Scope of Accounting Science–Accounting as a Business Information System; Accounting Concepts and Conventions, Their Implications on Accounting System; Double Entry System–Recording Business Transactions–Classification of Accounts–Accounting Process–Accounting Cycle–Primary Entry (Journal Proper)–Ledger Posting Preparation of Trial Balance, Suspense Account; Accounting Equation–Static and Dynamic View . Unit 2Preparation and Presentation of Financial Statements–Distinction between Capital and Revenue Expenditure–Measurement of Business Income, Profit and Loss Account–Preparation of Balance Sheet; Provisions of the Indian Companies Act. Regarding Preparation and Presentation of Financial Statements. Depreciation Concept–Methods of Depreciation–Their Impact on Measurement of Business Income– Accounting Standard 6–Inventory Valuation Methods–AS2; Tax Planning–Tax Avoidance–Tax Evasion. Unit 3Financial Statement Analysis–Ratio Analysis–Rationale and Utility of Ratio Analysis–Classification of Ratios–Calculation and Interpretation of Ratios–Liquidity ratios–Activity / Turn Over Ratios– Profitability Ratios–Leverage and Structural Ratios–Diagnostic and Predictive Power of Ratios; Common Size Statement Analysis. Unit 4Funds Flow Analysis–Concept of Funds Flow–Statement of Changes in Working Capital–Funds from Business Operations–Statement of Sources and Uses of Funds–Advantages of Funds Flow Analysis– Cash Flow Statement–Accounting Standard 3 (AS3). Unit 5Accounting Standards–Their Rationale and Growing Importance in Global Accounting Environment,– IAS-IFRS-US GAAP; Human Resource Accounting Concept and Importance – Valuation of Human Resources – Economic Value Approach, Non Monetary Valuation Methods – Human Resource group Value; Balanced Score Card – Methodology of BSC.