SYBAF SEM III

Paper code: 1.Financial Accounting (Special Accounting Areas) – III

Unit Name Existing syllabus Proposed syllabus Justification

Partnership Final Simple final accounts Simple final accounts No change, helps to
Accounts based on questions to questions to understand the advance
Adjustment of demonstrate the effect demonstrate the effect level of partnership final
Admission or on final on final account.
Retirement Accounts when a partner Accounts when a partner
/ Death of a Partner is admitted during the is admitted during the
during the Year year or when partner year or when partner
Retires / dies during the Retires / dies during the
year year
Allocation of gross profit Allocation of gross profit
prior to and after prior to and after
admission / retirement / admission / retirement /
death death
when stock on the date when stock on the date
of admission / of admission /
retirement is not given retirement is not given
and apportionment and apportionment
of other expenses based of other expenses based
on time / Sales/other on time / Sales/other
given basis given basis
Ascertainment of gross Ascertainment of gross
profit prior to and after profit prior to and after
admission/retirement / admission/retirement /
death death
when stock on the date when stock on the date
of admission / of admission /
retirement is given and retirement is given and
apportionment of other apportionment of other
expenses based on time / expenses based on time /
Sales / other given basis Sales / other given basis
Excluding Questions Excluding Questions
where admission / where admission /
retirement / death takes retirement / death takes
place in the place in the
same year same year
Piecemeal Distribution Excess Capital Method Excess Capital Method No change, helps to
of Cash only only understand dissolution
Asset taken over by a Asset taken over by a of partnership firm in
partner partner detail.
Treatment of past profits Treatment of past profits
or past losses in the or past losses in the
Balance sheet Balance sheet
Contingent liabilities / Contingent liabilities /
 Realization Realization
expenses/amount kept expenses/amount kept
aside for expenses aside for expenses
and adjustment of actual and adjustment of actual
Treatment of secured Treatment of secured
liabilities liabilities
Treatment of Treatment of
preferential liabilities preferential liabilities
like Govt. dues / labour like Govt. dues / labour
dues etc dues etc
Excluding: Insolvency of Excluding: Insolvency of
partner and Maximum partner and Maximum
Loss Method Loss Method
Amalgamation of Firms Realization method only Realization method only This unit covers topics as
Calculation of purchase Calculation of purchase per Industrial
consideration consideration requirements; hence no
Journal/ledger accounts Journal/ledger accounts changes have been made.
of old firms of old firms
Preparing Balance sheet Preparing Balance sheet
of new firm of new firm
Adjustment of goodwill Adjustment of goodwill
in the new firm in the new firm
Realignment of capitals Realignment of capitals
in the new firm by in the new firm by
current accounts / cash current accounts / cash
or a or a
combination thereof combination thereof
Excluding : Common Excluding : Common
transactions between the transactions between the
amalgamating firms amalgamating firms
Conversion / Sale of a Realisation method only Realisation method only This unit covers topics as
Partnership Firm into a Calculation of New Calculation of New per Industrial
Ltd. Company Purchase consideration, Purchase consideration, requirements; hence no
Journal / Ledger Journal / Ledger changes have been made.
Accounts of old Accounts of old
firms. firms.
Preparing Balance sheet Preparing Balance sheet
of new company of new company
Accounting of In relation to purchase In relation to purchase No change, as it helps to
Transactions of and sale of goods, and sale of goods, understand Transactions
Foreign Currency services and assets and of Foreign Currency.
services and assets and
loan and credit loan and credit
transactions. transactions.
Computation and Computation and
treatment of exchange treatment of exchange
rate differences rate differences
 SYBAF SEM IV

2. Management Accounting (Introduction to Management Accounting)

Unit Name Existing syllabus Proposed syllabus Justification

Introduction to Principles for Principles for No change, Basic of
Management ascertainment ascertainment Management Accounting.
Accounting Preparation of separate, Preparation of separate,
combined and columnar combined and columnar
Profit and Loss Account Profit and Loss Account
including different basis including different basis
of allocation of of allocation of
expenses/ incomes expenses/ incomes
Analysis and a) Vertical Forms of a) Vertical Forms of This unit covers topics as
Interpretation of Balance Sheet and Balance Sheet and per Industrial
Accounts Profit and Loss Account Profit and Loss Account requirements; hence no
suitable for analysis suitable for analysis changes have been made.
b) Trend Analysis. b) Trend Analysis.
c) Comparative c) Comparative
Statement. Statement.
d) Common Size d) Common Size
Statement. Statement.
NOTE: Practical NOTE: Practical
Problems based on the Problems based on the
above (a) to (d) above (a) to (d)
Financial Statement Meaning of financial Meaning of financial As students need to be
analysis: Direct & Statement Analysis, Statement Analysis, updated with Indirect
Indirect Ratio analysis steps, Objective and steps, Objective and Ratio analysis.
types of Analysis. types of Analysis.
Ratio analysis: Meaning, Ratio analysis: Meaning,
classification, Du Point classification, Du Point
Chart, advantages and Chart, advantages and
Limitations. Limitations.
Balance Sheet Ratios: Balance Sheet Ratios:
Revenue Statement Revenue Statement
Ratios: Ratios:
Combined Ratio Combined Ratio
Indirect Ratio analysis Indirect Ratio analysis
Formation of Balance Formation of Balance
sheet & Revenue sheet & Revenue
Account Account

Cash Flow Analysis Preparation of Cash Preparation of Cash This unit covers topics as
Flow Statement with Flow Statement with per Industrial
reference to Accounting reference to Accounting requirements; hence no
Standard No Standard No changes have been made.
 .3. (Indirect method .3. (Indirect method
only)) only))
Working Capital A. Concept, Nature of A. Concept, Nature of This unit covers topics as
Management Working Capital , Working Capital , per Industrial
Planning of Working Planning of Working requirements; hence no
Capital Capital changes have been made.
B. Estimation / B. Estimation /
Projection of Working Projection of Working
Capital Requirement in Capital Requirement in
case of Trading and case of Trading and
Manufacturing Manufacturing
Organization Organization
C. Operating Cycle C. Operating Cycle
Practical Problems Practical Problems