Accounting for Business - Syllabus
Embark on a profound academic exploration as you delve into the Accounting for Business course (Accounting for Business) within the distinguished Tribhuvan university's BBS department. Aligned with the 2013 Syllabus, this course (ACC 251) seamlessly merges theoretical frameworks with practical sessions, ensuring a comprehensive understanding of the subject. Rigorous assessment based on a 100 marks system, coupled with a challenging passing threshold of 35, propels students to strive for excellence, fostering a deeper grasp of the course content.
This 3 credit-hour journey unfolds as a holistic learning experience, bridging theory and application. Beyond theoretical comprehension, students actively engage in practical sessions, acquiring valuable skills for real-world scenarios. Immerse yourself in this well-structured course, where each element, from the course description to interactive sessions, is meticulously crafted to shape a well-rounded and insightful academic experience.
Course Objectives
The objectives of the course are to provide the students with in-depth knowledge of accounting required to handle accounting works in the
various business situations like partnership, consignment, branch etc. independently. The course further aims at providing knowledge required by the students for advance studies in accounting subject.
Course Description
This course contains accounting for partnership, admission of new partner, retirement and death of a partner, dissolution of a partnership firm and piecemeal distribution, accounting for, consignments, accounting for joint ventures, accounting for branch, accounting for department of activity, Accounting for packages or containers, accounting professional men, accounting for royalties, accounting for hire purchase system, accounting for installment system.
Units
Key Topics
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Concept, Features, and Characteristics of Non-Profit Organizations
AC-1This topic covers the definition, features, and characteristics of non-profit organizations, including their purpose, structure, and operations.
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Accounting Procedures of Non-Profit Organizations
AC-2This topic explores the accounting procedures specific to non-profit organizations, including the preparation of financial statements.
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Receipt and Payment Account
AC-3This topic explains the purpose and preparation of the Receipt and Payment Account, a financial statement unique to non-profit organizations.
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Income and Expenditure Account
AC-4This topic covers the preparation and analysis of the Income and Expenditure Account, a key financial statement for non-profit organizations.
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Balance Sheet for Non-Profit Organizations
AC-5This topic explains the preparation and interpretation of the Balance Sheet for non-profit organizations, highlighting its unique features and requirements.
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Program Evaluation and Review Technique (PERT)
AC-6This topic explains the Program Evaluation and Review Technique (PERT), a network planning method used to plan, organize, and coordinate tasks in a project.
Key Topics
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Active Database Concepts and Triggers
AD-1This topic covers the concepts of active databases, including triggers, and their applications in advanced database systems.
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Temporal Database Concepts
AD-2This topic explores the concepts and techniques of temporal databases, which manage time-varying data and support temporal queries.
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Spatial Database Concepts
AD-3This topic introduces the concepts and techniques of spatial databases, which manage spatial data and support spatial queries and analysis.
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Multimedia Database Concepts
AD-4This topic covers the concepts and techniques of multimedia databases, which manage multimedia data such as images, audio, and video.
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Deductive Database Concepts
AD-5This topic explores the concepts and techniques of deductive databases, which use logical rules to derive new information from existing data.
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Introduction to Information Retrieval and Web Search
AD-6This topic provides an introduction to the concepts and techniques of information retrieval and web search, including indexing, querying, and ranking.
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Multitasking
AD-7Multitasking in 80286 architecture allows multiple tasks to run concurrently, improving system performance and responsiveness.
Key Topics
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Relational Database Design Using ER-to-Relational Mapping
RE-1Learn how to design relational databases using ER-to-relational mapping, including mapping of regular entities, weak entities, relationship types, multivalued attributes, and N-ary relationships.
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Informal Design Guidelines for Relational Schemas
RE-2Understand informal design guidelines for relational schemas, including semantics of attributes in relations, redundant information in tuples and update anomalies, NULL values in tuples, and generation of spurious tuples.
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Functional Dependencies
RE-3Study functional dependencies, including definition, inference rules, Armstrong's axioms, attribute closure, equivalence of functional dependencies, and minimal sets of functional dependencies.
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Normal Forms Based on Primary Keys
RE-4Explore normal forms based on primary keys, including First Normal Form, Second Normal Form, Third Normal Form, and their general definitions.
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Boyce-Codd Normal Form
RE-5Learn about Boyce-Codd Normal Form, a higher normal form that ensures a relational schema is in a good structure.
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Multivalued Dependency and Fourth Normal Form
RE-6Understand multivalued dependency and Fourth Normal Form, which eliminates multivalued dependencies in a relational schema.
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Properties of Relational Decomposition
RE-7Study properties of relational decomposition, including attribute preservation, dependency preservation, and loss-less/non-additive join.
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Applications of Recursion
RE-8This topic explores the various applications of recursion in problem-solving, including tree traversals and dynamic programming.
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Efficiency of Recursion
RE-9This topic discusses the efficiency of recursive algorithms, including time and space complexity analysis.
Key Topics
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Distributed Database Concepts
DI-1Introduction to distributed database concepts and their advantages.
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Data Fragmentation, Replication and Allocation
DI-2Techniques for data fragmentation, replication, and allocation in distributed databases.
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Distributed Database Design Techniques
DI-3Methods and approaches for designing distributed databases.
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Types of Distributed Database Systems
DI-4Overview of different types of distributed database systems.
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Distributed Database Architectures
DI-5Introduction to various architectures used in distributed databases.
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Introduction to NOSQL Systems
DI-6Overview of NOSQL systems and their characteristics.
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The CAP Theorem
DI-7Understanding the CAP theorem and its implications on NOSQL systems.
Key Topics
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Books of Accounts
AC-01Introduction to books of accounts and their role in the accounting process. Understanding the different types of books of accounts and their purposes.
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Journal Entries
AC-02Understanding journal entries, their structure, and how they are used to record transactions in the accounting process.
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Double Entry System
AC-03Explaining the double entry system, its principles, and how it is used to record transactions and prepare financial statements.
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Advantages of Double Entry System
AC-04Discussing the benefits and advantages of using the double entry system in financial accounting.
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Concepts of Transaction and Events
AC-05Defining and explaining the concepts of transactions and events in financial accounting, including their differences and importance.
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Classification of Accounts
AC-06Understanding the classification of accounts, including asset, liability, equity, revenue, and expense accounts.
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Golden Rules of Accounting
AC-07Explaining the golden rules of accounting, including the rules for debit and credit, and their application in financial accounting.
Meaning, characteristics and features of joint venture; Difference between joint venture and consignment; Difference between joint
venture and partnership; Methods of accounting-Without keeping separate set of books, With keeping separate set of books.
Concept and types of branch; Accounting records-Dependent branch, Independent branch; Accounting entries for incorporation of branch transactions in the books of head office and consolidated balance sheets ; Accounting treatment of some important adjustments-Normal loss, Abnormal loss, Cash in transit, Goods in transit, Inter branch transactions.
Concept, objectives and types of department; Department trading and profit and loss account; Allocation of expenses, Difference between branch and department, Inter – department transfer
Concept and objectives of container; Importance terms of container; Calculation of missing terms of container; Accounting for types of container-Returnable: with maintaining trading and reserve account, with maintaining trading, reserve and stock account; Non Returnable.
Concept and techniques in general, Accounting treatment-- receipt and payment account, adjustments, income and expenditure account, profit and loss account , household cash statement.
Concept and modern terms; Accounting treatment with and without maintaining minimum rent account.
Concept and objectives of hire purchase system; Calculation of interest, cash price and installment (using analytical table); Accounting treatment: In the book of purchaser- Journal entries, Necessary ledger accounts. In the book of vendor-Journal entries, Necessary ledger accounts.
Concept and features of installment system; Difference between hire purchase and installment system; Calculation of interest, cash price and installment (using analytical table); Accounting treatment: In the book of purchaser-Journal entries, Necessary ledger accounts. In the book of vendor, Journal entries, Necessary ledger accounts.