About the course ;
Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use.
The course mainly focuses on the theoretical framework of Accounting, Accounting Process, Preparation of Financial Statements, Understanding and Interpretation of Financial Statements that helps the different stakeholder to understand and interpret the financial position of business in a very transparent and fair manner. This course also focuses on the emerging need of computer accounting in the present business environment as the use of technology helps in accuracy, reliability and security of financial information on the basis of which policy decisions are taken.
Administration of the course ;
Indira Gandhi National Open University ,
Dr. N.Rajendra Prasad is currently Assistant Professor in the School of Management studies in the discipline of Commerce, Indira Gandhi National Open University New Delhi. He has done B. Com from Osmania University. He is a Post Graduate in Commerce and obtained his Ph.D degree from the Department of Commerce, Osmania University. Dr. Prasad has a brilliant academic record.
Important dates ;
Enrollment ends – 31st august
Duration of the course – 16 weeks {depends on person to person study but last duration is 16 weeks}
You can start the classes according to your preferences and course classes are available and recorded in the site.
Course layout ;
BLOCK 1: THEORETICAL FRAMEWORK
Week-1
Unit-1: Nature and Scope of Accounting
Week-2
Unit-2: Accounting Process and Rules
Week-3
Unit-3: Accounting Principles
Unit-4: Accounting Standards
BLOCK 2: ACCOUNTING PROCESS
Week-4
Unit-5: Journal and Ledger
Week-5
Unit-6: Subsidiary Books
Week-6
Unit-7: Trial Balance and Rectification of Errors
BLOCK 3: FINAL ACCOUNTS
Week-7
Unit-8: Depreciation
Week-8
Unit-9: Final Accounts-I
Week-9
Unit-10: Final Accounts-II
BLOCK 4: HIRE PURCHASE AND INLAND BRANCHES
Week-10
Unit-11: Hire Purchase Accounts-I
Week-11
Unit-12: Hire Purchase Accounts-II
Week-12
Unit-13: Branch Accounts-I
Week-13
Unit-14: Branch Accounts-II
BLOCK 5: CONSIGNMENT AND JOINT VENTURES
Week-14
Unit-15: Consignment Accounts-I
Unit-16: Consignment Accounts-II
Week-15
Unit-17: Joint Venture Accounts
BLOCK 6: COMPUTERIZED ACCOUNTING
Week-16
Unit-18: Introduction to Computer Accounting and Creation of Company
Week-17
Unit-19: Creating Masters
Week-18
Unit-20: Voucher Entries and Invoicing
Unit-21: Preparation of Reports
Course certificate ;
The students can avail the course free of cost, but in order to get the certificate one has to pay the fees (rs. 1000/-)
SWAYAM official links ;
Official website – https://swayam.gov.in
From here you can visit the site and explore more courses according to your preferences.
There are many courses which will enhance your skills and gives you diploma in the courses you want to pursue in future.
By :- Aparna sharma (kirori mal college, DU)
