Financial Accounting

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Financial Accounting
D.V. Ramana
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Introduction

• Course Outline
• Group Assignment
• Evaluation
• Quiz
• Mid and End Term Examinations
• Grading Pattern
• Books

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(No Transcript)
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• 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

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

• Sole Proprietorship
• Partnership
• Joint Stock Company
• Corporation
• Society
• Cooperative

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Financial Accounting

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

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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