Financial Accounting (For Delhi University) by Deepak Sehagal
Book Summary:
The book is exclusively meant for BCom (Hons.) students of Paper CH 1.2, Semester 1, University of Delhi. The book exhaustively covers the entire syllabus of the course. Written in an easy-to-understand language, the book would be highly useful for students who wish to master the concepts of accounting.
Audience of the Book :
This book Useful for B.Com, M.Com & MBA students.
Sailent Feature:
1. The book is designed on the DIYA (Do It Yourself Approach)
2. A workbook—added at the end as an annexure—containing numerical questions with their answers, complements the book to help students self-evaluate themselves
3. There are additional Review Questions, Illustrations, True/False Questions and numerical problems with solutions in the main book
4. Accounting treatment in the book is in conformity with various laws and accounting standards issued by the Institute of Chartered Accountants of India and prescribed by the Central Government in consultation with the National Advisory Committee on Accounting Standards
Table of Contents:
1. Accounting Theory: An Introduction
2. Accounting Concepts and Conventions
3. Conceptual Framework of Accounting
4. Accounting Standards in India (Including IFRS)
5. Accounting Policies and AS 1
6. Measurement of Income
7. Revenue Recognition
8. Accounting Cycle (Process)
9. Depreciation
10. Inventory
11. Capital and Revenue Expenditures and Receipts
12. Financial Statements of Non-Corporate Business Entities
13. Financial Statements of ';Not-for-Profit' Organisations
14. Financial Statements from Incomplete Records
15. Branch Accounts
16. Accounting for Hire-Purchase, Installment Purchase and Lease Transactions
17. Accounting for Dissolution of Partnership Firms
