1️⃣ Introduction to Accounting

• What is Accounting?
• Objectives & Importance
• Users of Accounting Information
• Types of Accounting (Financial, Cost, Management)
• Basic Terms: Capital, Assets, Liabilities, Drawings, Expenses, Income

2️⃣ Basic Accounting Concepts & Principles

• Double Entry System
• Debit & Credit Rules
• Accounting Cycle
• GAAP & Accounting Standards
• Accrual vs Cash Basis

3️⃣ Journal Entries

• Understanding Transactions
• Simple & Compound Journal Entries
• Purchases, Sales, Returns
• Cash Transactions
• Adjusting Entries

4️⃣ Ledger Posting

• Creating Ledger Accounts
• Posting from Journal to Ledger
• Balancing Ledger Accounts

5️⃣ Cash Book & Subsidiary Books

• Single, Double & Triple Column Cash Book
• Petty Cash Book
• Purchase Book
• Sales Book
• Purchase Return / Sales Return Book

6️⃣ Trial Balance

• Purpose of Trial Balance
• Preparation of Trial Balance
• Finding Errors

7️⃣ Financial Accounting

A. Final Accounts

• Trading Account
• Profit & Loss Account
• Balance Sheet
• Closing & Adjusting Entries

B. Depreciation

• Meaning & Need
• Methods: Straight Line, Reducing Balance

C. Bank Reconciliation Statement (BRS)

• Cash Book vs Pass Book
• Reasons for Differences
• Preparing BRS

D. Inventory Valuation

• FIFO, LIFO, Weighted Average

8️⃣ Financial Statements Analysis

• Ratio Analysis
• Gross Profit Ratio
• Net Profit Ratio
• Current Ratio
• Debt-Equity Ratio

9️⃣ Computerized Accounting (Intro for Practical Use)

• Introduction to Tally ERP / Accounting Software
• Creating Company
• Ledger Creation
• Basic Entries
• (Full Tally module is in “Financial Accounting – Professional Course”)

🔟 Final Project

Students will prepare:

• Journals
• Ledgers
• Trial Balance
• Trading & Profit/Loss
• Balance Sheet
• for a sample business.