Financial Accounting D.V. Ramana

Introduction Course Outline Group Assignment Evaluation: –Quiz –Mid and End Term Examinations –Grading Pattern Books

Financial Accounting Statutory External focus GAAP Audit End products: BS, IS, CFS Cost and Management Accounting Not statutory Internal focus Non-GAAP No audit End product: depends on the managerial requirement

Financial Accounting Shareholders Potential Investors Bankers/FIs Researchers Suppliers Customers Tax Authorities Government Employees

Forms of Organisation Sole Proprietorship Partnership Joint Stock Company Corporation Society Cooperative

Financial Accounting Financial Items Financial Transactions Financial Accounting Financial Statements Financial Statement Analysis

First Assignment Read the Annual Report of one of the Sensex Companies and prepare note covering the following topics: Brief history Shareholding pattern Promoters Contents of Annual Report