Course Outcome
- Remember/List accounting concepts, components of accounting cycle, types of partnerships, types of shares, format of final accounts of companies and of not-for-profit organizations
- Understand methods and record system, different vouchers, issue/forfeiture of shares, and provisions of Companies Act 2013, treatment of partnership transactions, capital and revenue items and special funds in not-for-profit organizations
- Show piecemeal distribution of cash receipts on dissolution of partnership firm, Apply concepts to prepare financial statements, and provisions of Schedule III of Companies Act, Use cash system of accounting for not-for-profit organizations
- Analyse the financial statements of various entities
- Evaluate financial health and performance of a joint stock company based on its final accounts
