Lesson Plan

Month/

Week

Financial Accounting

 (1^st Sem.)

Corporate Accounting

 (3^rd Sem.)

Cost Accounting

(5^th Sem.)

Company  Law

(3^rd Sem.)

Business Law

(3^rd Sem.)

Auditing

(5^th Sem.)

Sep.22

1^st week

(1-3 Sep.)

-Financial Accounting: Meaning, need, objectives & Scope

-Accounting for share reconstruction.

-Introduction: nature and scope of cost accounting;

-Company: meaning, characteristics & types of companies,

-Law of Contract (1872): nature and classification of contract

-Introduction: meaning, objectives and advantages of auditing.

2^nd Week

(5-10 Sep.)

-Book Keeping & Accounting, Branches of Accounting

-Accounting Principles

-Capital &debentures: issue, forfeiture and reissue of forfeited shares

-Cost concepts & classification

-Methods & techniques.

- Conversion of private into public company & vice versa. Promotion and incorporation of companies;

-Offer and acceptance; capacity of parties to contract

-Types of audit: internal and external audit, proprietary and efficiency audit.

3^rd Week

(12-17 Sep.)

-Accounting Cycles & Equations

-Journal & Rules of Journalizing

-Book building: concept & process

- Materials: material planning &purchasing, pricing of material issue.

- Promoters: legal position, duty, liability and remuneration;

-Free consent; consideration

 -Consideration, legality of object

-Audit process: audit programme.

4^th Week

(19-24 Sep.)

-Practical of Journal

-Issue of right and bonus shares buy back of shares.

- Treatment of material losses, material & inventory control: concept and techniques

- Company and pre-incorporation contracts; incorporation procedure.

- Agreement declared void; performance of contract.

-Audit working papers and evidences; audit of e-commerce transactions.

5^th Week

(26-30 Sep.)

-Ledger Theory & Practical

-Redemption of preference shares; issue and redemption of debentures

-Labour: labour cost control procedure; labour turnover.

- Memorandum of Association: clauses, doctrine of ultra-vires alteration of clauses.

- Discharge of contract, remedies for breach of contract;

-Methods of audit work: routine checking and test checking.

Oct.22

1^st week

(1-8 oct.)

- Ledger Practical

-Trial Balance Theory & Practical

-. Final accounts of companies (excluding computation of managerial remuneration).

- Idle time and overtime.

-DO-

- Contingent contracts; Quasi contracts.

-Internal control and internal checking system.

2^nd week

(10-15 Oct.)

-Rectification of Errors

-Suspense Account

-Effects on Profits

-Final accounts of companies (excluding computation of managerial remuneration

- Methods of wage payment: time and piece rate; incentive schemes.

-Articles of Asso. Contents, model forms, and alteration; doctrine of indoor management and constructive notice.

- Special contracts: indemnity & guarantee;

-Vouching: meaning, objectives and importance of vouching; vouching of cash books.

3^rd Week

(17-21 Oct.)

-Capital & Revenue

-Income & Expenditure

-Final accounts of companies Practical

- Overheads: classification, of cost audit standards.

-DO-

- Bailment and pledge; contract of agency

-Purchase book, sale book, bill receivable book,

4^th week

(27-29 Oct.)

--Income & Expenditure Numerical

-Final accounts of companies Practical

- Allocation, apportionment and absorption of overheads.

-Prospectus: meaning, contents and formalities, abridged prospectus,

-Sale of Goods Act 1930: formation of contract of sale

-Journal proper and debtor creditor ledgers, verification of assets and liabilities.

Nov.22

1^st week

(2-5 Nov.)

-Depreciation Provisions & Reserves

-Concept & Classification

-Final accounts of companies Practical

-Under and over-absorption.

-Misstatement and remedies, liabilities for misstatements.

-Goods and their classification price; conditions and warranties.

-Audit of limited companies

2^nd week

(7-12 Nov.)

-Methods of Depreciation Accounting

-Amalgamation of companies: concept and accounting treatment

-Methods of costing: unit costing.

- Share Capital: types, issue and allotment of shares and debentures.

- Transfer of property in goods.

-Company auditor – appointment, powers, duties and liabilities,

3^rd week

(14-19 Nov.)

- Methods of Depreciation Accounting

-Amalgamation of companies Practical

-Job costing.

- Share certificate and share warrant, reduction of share capital.

- Performance of the contract of Sale; Remedies:

-Directions of Comptroller and Auditor General of India

4^th week

(21-26 Nov.)

-Final Accounts Theory & specimen of Final Accounts

-Amalgamation of companies Practical

-Contract costing.

- Buy-back of shares. Transfer & transmission of shares and debentures;

- Unpaid seller and his rights, buyer’s remedies. Auction sale.

-Audit reports: various types of audit reports.

5^th week

(28-30 Nov.)

-Trading Account

-Profit & Loss Account

-Balance Sheet

-Amalgamation of companies Practical

-Process costing (process losses,  work in progress,

- Depository system; borrowing powers and debentures.

- Consumer Protection Act 1986

Investigation: meaning, nature, procedure and objectives.

Dec.22

1^st week

(1-3 Dec.)

-Practical of Final accounts

- Internal reconstruction: concept and accounting

-Service costing (only transport).

-REVISION-

- Consumer Protection Act 1986

- Professional ethics of auditing

2^nd week

(5-10 Dec.)

-Accounting of Non-Profit organizations

- Internal reconstruction

Practical

-Standard costing and variance analysis:

-REVISION-

-REVISION-

-REVISION-

3^rd week

(12-17 Dec.)

-Consignment Accounts

- Internal reconstruction

Practical

-Material and labour.

-REVISION-

-REVISION-

-REVISION-

4^th week

(19-24 Dec.)

-Practical of Consignment Accounts

-REVISION-

-Cost control and cost reduction; cost audit; an overview

-REVISION-

-REVISION-`