This document contains the course plan for the subject "Financial Accounting & Analysis" taught by instructor Cheenu Goel at Punjab College of Technical Education, Ludhiana. The course aims to familiarize students with basic accounting concepts, equip them with problem solving skills, and enable them to prepare and analyze final accounts. It includes topics such as the basis of accounting, concepts and conventions, accounting equation, double entry system, journals, ledgers, trial balance, depreciation, final accounts, bank reconciliation statements, inventory valuation, and analysis of financial statements. The class policies specify that late assignments will not be accepted and attendance will be compulsory on presentation days.

1. PUNJAB COLLEGE OF TECHNICAL EDUCATION, LUDHIANA
COURSE PLAN
Name of Course Instructor: Cheenu Goel
Subject Name: Financial Accounting & Analysis
Subject Code: PGDM -102
E-Mail : cheenu.pcte@gmail.com
Accounting is the backbone of business. Ethical and professional accounting forms a
clear financial image of a business, and allows managers to make informed decisions,
keeps investors abreast of developments in the business, and keeps the business
profitable. It is also one of the oldest professions; businesses have been practicing
accounting for thousands of years. Accounting allows you to plan for future expenditures,
to see where you are under and over paying for expenditures. Accounting information is
needed by the organization to conduct its business on day-to-day basis. Employees need
to get paid, sales need to be tracked, the amounts owed to other organizations or
individuals need to be tracked, the amount of money the organization has needs to be
monitored, the amounts that customers owe the organization need to be checked, any
inventory needs to be accounted for: the list goes on and on. It is also required by
managers, shareholders, banks, creditors, the government, the public, etc… to make
decisions involving the organization and its operations. Shareholders want information
about what their investment is worth and whether they should buy or sell shares, bankers
and other creditors want to know whether the organization has an ability to pay back
money lent, managers want to know how the company is doing compared to other
companies. In order for the managers of a company to make the best decisions for a
company they need to have specific information prepared. They use this information for
three main management functions: planning, implementation and control. Thus
accounting is a multifaceted system involving different people with different needs
Objectives:
1. To familiarize students with basic accounting concepts.
2. To equip students with accounting problem – solving skills.
3. To enable students to apply knowledge in preparation of final accounts which
are prepared to achieve the objectives of accountancy and help them to
analyze it.
Classroom Policies
• Assignments that are late will not be accepted.
• Attendance will not be taken again once it is already taken.
• Attendance will be compulsory on Presentation day. No leaves will be accepted
on that day.

2. Lecture No. Topics Assignment Tests Case Study
1 Basis of Accounting:
• Definition
• Objectives
• Functions
• Necessity
• Advantages
• Disadvantages
2 Concepts & Conventions:
• Meaning & need
• Various Concepts&
Conventions
3 Accounting Equation
• Effect of business
transactions on Accounting
Equation
4 Double entry system:
• Meaning& need
• Classification of account
• Rules of double entry
system
5 Journal:
• Meaning, need
• How to pass journal entries
6 Practice of Journal entries
7 Use of Tally
8 Brampton
Home
Makers
9 Ledger:
• Meaning of account &
ledger
• Preparation of Ledger
• Balancing of account
•
10 Use of Tally
11 Trial Balance:
• Need ,Objectives
• Different types of errors
• Methods of preparation of
Trial Balance
• Practice of preparation of
Trial Balance
12 Demystifying
Accounting

3. Equation of
Vidya
Associates
13 Test Test 1
14 Use Of Tally
15 Depreciation
• Meaning ,objectives,
methods of calculating
depreciation
16 Final Accounts:
• Concept
• Objectives of preparing
Final Accounts
• Preparation of Trading
Account &Profit & loss
Account
17 Final Accounts:
• Balance Sheet
18 Final Accounts:
• Adjustments
19 Final Accounts:
• Adjustments
20 Final Accounts:
• Numerical
21 Final Accounts:
• Numerical
22 Use of Tally
23 Test Test 2
24 Bank Reconciliation Statement
• Meaning
• Reasons for difference in
pass book & cash book
• How to reconcile pass &
cash book
• Numerical
25 Inventory Valuation
• Meaning
• Methods for inventory
valuation
26 Test Test 3
27 Financial Statements of companies
28 Financial Statements of companies
29 Comparative Statements
30 Common Size Statements
31 Trend Analysis