CONTENTS
UNIT 1 INTRODUCTION TO ACCOUNTING 1
1.1 Introduction to Accounting
1.2 Evolution of Accounting
1.4 Accounting cycle
1.5 Objectives of Accounting
1.6 Functions of Accounting
1.7 Importance of Accounting
1.8 Basic Accounting terminologies
1.9 Branches of Accounting
1.10 Bases of Accounting
1.11 Users of Accounting information
1.12 Role of an accountant
UNIT 2 CONCEPTUAL FRAMEWORK OF ACCOUNTING 18
2.1 Book-keeping – An introduction
2.2 Book- keeping Vs. Accounting
2.3 Relationship among Book-keeping, Accounting and Accountancy
2.4 Accounting Principles
2.5 Accounting Standards (AS)
2.6 International Financial Reporting Standards (IFRS)
2.7 Accounting Standards in India
UNIT 3 BOOKS OF PRIME ENTRY 31
3.1 Introduction
3.2 Source documents
3.3 Double entry system
3.4 Transaction
3.5 Account
3.6 Approaches of recording transactions
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