Financial Accounting syllabus

Financial Accounting

• 1 Introduction (2 LHs)

  • Meaning, importance and limitations of accounting
  • Accounting principles and concept
  • Financial, Cost and Management Accounting
• 2 The Accounting Process/Cycle (7 LHs)

  • Double Entry System and Accounting cycle
  • Rules of Debit and Credit
  • Journal of transaction and Ledger Accounts
  • Purchase Book, Sales Book, Purchase Return and Sales Return
  • Trial Balance
• 3 Cash and Banking Transaction (5 LHs)

  • Cash, cheque and bank accounts
  • Triple Column Cash Book
  • Bank Reconciliation Statement
• 4 Capital and Revenue concept (2 LHs)

  • Capital & revenue expenditure, income and profit
  • Reserve and provisions
• 5 Financial statement (16 LHs)

  • Profit/Loss Account and Balance Sheet
  • Final Account with Adjustment
  • Closing and Opening Entries
  • Cash Flow Statement
• 6 Conceptual foundation of hospitality industry (3 LHs)

  • Hospitality industry and hotel departments
  • Night auditor: Role and functions
  • Airline operation accounting
• 7 Accounting for Guest ledger (2 LHs)

  • Guest Ledger and Cityledger
• 8 Uniform System of Accounts (3 LHs)

  • Departmental Profit/loss Statement
  • Room Sales, Food and Beverage Sales, Minor Department Sales
• 9 Financial Statement Analysis of Hospitality (8 LHs)

  • Financial statement analysis and ratio analysis
  • Liquidity, leverage, efficiency and profitability ratios
  • Operating ratios for hospitality