Accounting for Financial Services Syllabus
Posted by Ripon Abu Hasnat on Sunday, May 25, 2014 | 0 comments
ACCOUNTING FOR
FINANCIAL SERVICES
Full Marks: 100
Module A:
Introduction and Environment
· Purpose, Nature, Uses and Users of Accounting
Information, Functional and Operational Definition of Accounting, Accounting
Principles, Standards and Regulations, Forms of Business Organizations and
Accounting systems.
Module B: Analysis
of Financial Statement
· Objectives of Financial Statement Analysis, Financial
Statement Analysis, Horizontal and Vertical Analysis, Comparative Financial
Statements, Communize Statements, Financial Ration Analysis, Trend Percentage,
Specialized Analysis, Cash Forecasts, Analysis of Changes in Financial
Position, Break-Even Analysis, Cash Flow Statement, Unadjusted Trial Balance and
Adjustments.
Module C:
Processing and Recording of Accounting Information
· Transaction, Analysis of Transaction, Accounting Cycle,
Recording of Transaction, Double Entry System, Golden Rule of Debit and Credit,
Posting of transactions to the Ledger, T Form and Multi Column Ledger,
Preparation of Cash Book, Single Column, Double Column and Triple Column Cash
Book, Preparation of Trial Balance, Suspense Accounts, Reflection of Errors
Adjusting Entries and Closing Entries Accrued and Deferred Revenue and
Expenses.
Module D:
Financial Statements for Different Entities
· Service, Merchandise and Manufacturing
Operation: Income Statement, Cost of Goods Sold, Cash Flow
Statement, Balance Sheet, Limitation of Balance Sheet.
· Partnership and Joint Stock Companies: Specific
Characteristics of Financial Statements of Partnership – Capital Account,
Current Account, Profit and Loss Adjustments Account. Distinguishing
Characteristics of Financial Statements of Companies.
· Banks and Other Financial Institutions:
Provisions of Bank
Company Act, 1991 (with Amendments), Preparation of Profit and Loss Account and
Balance Sheet of Banks. Provisions of Financial Institutions Act, 1993 (with
Amendments), Preparation of Profit and Loss Account and Balance Sheet of
Financial Institutions.
Module E:
Accounting for Assets
· Current Assets: Inventory
Valuation, Periodic and Perpetual Method for Ascertaining Closing
Inventory, Average, Last In First Out
(LIFO), First In First Out (FIFO), Account Receivables.
· Fixed Assets: Depreciation
Methods, Recording of Depreciation, Valuation of Fixed Assets, Depreciation as
a Cost Allocation.
Module F: Journal
Rules for Journalizing
· Different Types of Journals, Sub-Division of Journals,
Posting of Accounts, Ledger, Interpretation of Ledger Account, Writing of
Different Types of Cash Book in Columnar Form, Imprest System of Petty Cash,
Bank Reconciliation System, Journal Proper.
References
1 Anthony, Reece – Accounting
Principles (Richard D, Irwin, Inc. U.S.A.).
2 Anthony, Robert N. – Essentials of
Accounting (IRWIN, U.S.A.).
3 Harmenson, Edwards, MAHER –
Accounting Principles (IRWIN, U.S.A.).
4 Khan, Md. Mainuddin – Advanced Accounting (Ideal
Library, Dhaka).
5 Weygandt, Kieso Kell – Accounting Principles (John Wiley and Sons Inc.
U.S.A.).
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