This document provides information about a Financial Accounting course for BBA semester 1 students. It includes details about the course credits (3), faculty instructor, program and course learning outcomes, textbook, and assessment components. The course aims to help students understand accounting concepts and principles, learn the accounting process and cycle, and prepare financial statements for proprietorships and partnerships. Students will be evaluated through class participation, tests, exams, and a project. They are expected to attend classes, participate actively, and utilize consultation hours with the faculty.

1. ICFAI BUSINESS SCHOOL, IFHE, HYDERABAD
BBA SEMESTER–I
Course Handout (AY 2022 – 2023)
Course Financial Accounting -1 Total Credits 3
Name of the Faculty Member Dr. T.Sitaramaiah Room No F-105
Email Id Sitaram2k4@ibsindia.org Mobile No 9440961062
Consultation Hours
Program Outcomes (PO):
At the successful completion of the BBA Program, the students are expected to achieve the following outcomes.
PO-1 Critical Thinking
PO-2 Effective Communication
PO-3 Social Interaction
PO-4 Effective Citizenship: Community Engagement
PO-5 Ethics
PO-6 Environment and Sustainability
PO-7 Self-directed and Life -long Learning
PO-8 Teamwork
PO-9 Employability
PO-10 Initiative and Leadership
PO-11 Demonstrate Mastery in Analytics
PO-12 Sensitivity towards Global Perspective.
Course Description
The course focuses on the elaborate understanding of Accounting Concepts and Principles along with their application in the field of Accounting. It
covers the application of Accounting Process with Golden Rules of Accounting and preparation of Subsidiary Books. It also includes application of
various methods of Depreciation and Inventory Valuation. It relates the Accounting Concepts and Principles are to be followed to prepare the Financial
Statements for the Proprietary Concerns and preparation of Partnership firm accounts.
Course Objectives The course is designed to…….

2. 1) To enable the student understand, appreciate and acquire the knowledge of accounting concepts;
2) To enable the student understand the process of accounting and accounting cycle from the primary records to financial statements
3) To prepare the student independent in the process of recording transactions and preparation of financial statements;
4) To enable the student understand the changes in accounting treatment when there is a change in the ownership of a business; and
to know spreadsheets preparation.
Course Learning Outcomes (CLO) At the end of the program, the student shall be able to ……………..
CLO-1 Understand, appreciate and acquire the knowledge of accounting concepts and the fundamental knowledge of accounting;
CLO-2 Understand the process of accounting and accounting cycle
CLO-3 Understand the process of recording financial transactions and preparation of financial statements;
CLO-4 Appreciate and demonstrate the change in accounting treatment when there is a change in the ownership of a business; and to
know spreadsheets preparation
Course Learning
Outcomes (CLO)
Program Outcomes (PO) Pedagogy Assessment
CLO-1 PO-1, PO-9, PO-11, Lecture, Work book Quizzes, Assignments
CLO-2 PO-1, PO-9, P0-11 Lecture, Work book Assignments, Problem solving
CLO-3 PO-1, P0-08 PO-9, P0-10,P0-11 Lecture, Work books Assignments, Project Report &Presentations
CLO-4 PO-1, PO-9, P0-11 Workbooks, Practice Insight
Videos
Problem Solving
Recommended Text Book Edition Author Publisher
Financial Accounting for BBA 1st
year 12th
Edition S.P. Jain & K.L. Narang, Kalyani Publishers
Suggested Reading
Financial Accounting 2nd Edition A Mukherjee & M Haniff Tata McGraw Hill
Education Private Ltd
Financial Accounting 11th
Edition. P.C. Tulsian Pearson Education
Financial Accounting 7th Edition Dr.Arjun Das & Dr.Satish Chandra Tiwari Navyug Publications

3. Digital Resources:
A] ACADEMIC/NPTEL/SWAYAM:
S. No. Course Title& Link Proposed by (Proessor/Institute)
1. Introduction to Preparation of final accounts, Sessions 1-25.
https://www.youtube.com/watch?v=UxfPGWlxgHQ&list=PLOz
RYVm0a65d4DQntP-1Rl-PAOITrQXLX&index
Prof. Varadraj Bapat, School of Management, IIT Bombay
B] INDUSTRY INSIGHT:
S. No. YouTube Video Title & Link Speaker/Event/Organization
1. Importance of Accoutring
https://www.youtube.com/watch?v=rV3Etfww7EQ
Warren Buffett
2. Accounting can offer you a lot of insight into the character
of management
https://www.youtube.com/watch?v=yk6ulqvpLnM
Warren Buffett and Charlie Munger speaking at the 1995 Berkshire
Hathaway annual meeting.
C] DATA INSIGHT:
S. No. Resources Weblink
D] OTHER RESOURCES:
S. No. Resources Weblink
1. Indian Accounting Standard(IND-AS) https://www.mca.gov.in/content/mca/global/en/acts-
rules/ebooks/accounting-standards.html
2. Journal of accountancy https://www.journalofaccountancy.com/
Digital Tools:
Software/Packages: MS Office especially MS-Excel (whichever is applicable)
Detailed Course Curriculum
Session
No.
Topics Key Concepts Session Learning Outcomes
Chapter
Reading
1 – 3 Introduction to Accounting Meaning and Definition of
Accounting
Need, Features, Objectives and
(1) Understanding and
appreciating meaning of
accounting.
(2) Understanding the Scope of
1

4. Local/National/International Perspective:
Sessio
n No.
Mapped Topic(s) in
Session Plan
Article/Case/Minor Project Pedagogical Tool
30-38
Preparation of Financial
Statements of Sole
Proprietorship
Case Discussion
ESG &SDG Sensitization:
Session
No.
Mapped Topic(s) in
Session Plan
Topic Specific Learning Outcomes Pedagogical Tool
1-3
Emerging Concepts
in Accounting
Understand the importance of
Human Resource Accounting
Discussion
Data Based Insight:
Assessments and Evaluations:
Sl. No. Component Weightage
1 Class Participation – I (Pre-mid CP) 5%
2 Pre-mid Test (Test – I) Conceptual and Numerical (AOL) to be conducted in the 23th
Session 15%
3 Mid-Term Exam (Test – II) (1.5 hour Examination) 20%
4 Class Participation – II (Post-mid CP) 5%
5 Post-mid Project 15%
7 End Term Exam (3 hour Examination) 40%
8 Total 100%
Expectations from Students
a. Students must report to the respective sessions well before the announced time. Late comers will not be permitted to join the class after
the scheduled time. If late, the attendance for that session will be marked as absent.
b. Read the Case Study / material well prior to the class discussion. He/she is also expected to read the chapter indicated in the course plan
as the faculty directs.
c. In the class discussion student is expected to participate actively and contribute to individual and group learning. Evaluation is based on
active participation.
d. Evaluation is a continuous process at IBS. Every student needs to be aware of the timelines given in the section below. Absence from
these evaluations will mean non awarding of marks in that particular component
e. Each faculty has been given a scheduled consultation hour. Utilize this time to meet the faculty and clarify doubts if any, seek
explanations and get mentored if needed.