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• CA CPT Fundamentals of Accounting Syllabus 2017

CA CPT Fundamentals of Accounting Syllabus 2017

CA CPT Fundamentals of Accounting Syllabus

Level of Knowledge : Basic knowledge

SECTION - A

Fundamentals of Accounting (60 Marks)

Objective :

To develop conceptual understanding of the fundamentals of financial accounting system.

Contents

1. Theoretical Framework

(i) Meaning and Scope of accounting
(ii) Accounting Concepts, Principles and Conventions
(iii) Accounting Standards – concepts, objectives, benefits
(iv) Accounting Policies
(v) Accounting as a measurement discipline – valuation principles, accounting estimates

2. Accounting Process
   Books of Accounts leading to the preparation of Trial Balance, Capital and revenue expenditures,Capital and revenue receipts, Contingent assets and contingent liabilities, Fundamental errorsincluding rectifications thereof.
3. Bank Reconciliation Statement
4. Inventories
   Basis of inventory valuation and record keeping.
5. Depreciation accounting
   Methods, computation and accounting treatment of depreciation, Change in depreciation methods.
6. Preparation of Final Accounts for Sole Proprietors
7. Accounting for Special Transactions

(a) Consignments
(b) Joint Ventures
(c) Bills of exchange and promissory notes
(d) Sale of goods on approval or return basis.

8. Partnership Accounts

Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.

9. Introduction to Company Accounts

Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.