B.Com Financial Accounting (Including Lab Work)

This is a focused book on Financial Accounting for B.Com. students to possess knowledge of the concepts and practices. It also provides exam-oriented problems and solutions.

The Present Publication is the Reprint 2022 Edition, authored by CMA M.N. Arora, Dr K.V. Achalapathi, and Dr S. Brinda. The noteworthy features of this book are as follows:

• [Student-friendly, Systematic & Intelligible] The subject matter is presented in a student-friendly, systematic & intelligible manner with a focus on the concept and practices of Financial Accounting
• [Discussions with Numerical Examples] Every discussion involving a conceptual difficulty is immediately followed by a numerical example
• [Charts & Diagrams] have been included in this book to bring to light the finer points of the subject and to make it understandable
• [Computerized Accounting] includes solved problems for the benefit of the student
• [Theoretical & Numerical Questions] from various examinations have been included in this book
• [Objective Type Questions] have been given to serve as self-test by students

The contents of the book are as follows:

• Financial Accounting
• Introduction to Accounting
• Accounting Principles – Concepts and Conventions
• Journal, Ledger and Trial Balance
• Subsidiary Books
• Bank Reconciliation Statement
• Rectification of Errors
• Final Accounts (Financial Statements)
• Consignment Accounts
• Joint Venture Accounts
• Depreciation, Provisions and Reserves
• Computerised Accounting
• Computer Accounting Lab Practice on Tally

About the Author

M.N. Arora

CMA M.N. Arora has teaching experience of more than four decades in Hans Raj College, University of Delhi. He studied B.Com. (Hons.) and M.Com. in Shri Ram College of Commerce and was a position holder at Delhi University. He is also a Fellow Member of the Institute of Cost Accountants of India. He has specialised in the subject of Accounting. He has authored many popular textbooks widely prescribed by UGC, ICAI, ICSI, Delhi University, Bangalore University, Lovely Professional University, Punjab Technical University, UP Technical University, Royal University of Bhutan and many other universities. He was a Special Invitee to the meetings of the Cost Accounting Standards Board of the Institute of Cost Accountants of India.

K.V. Achalapathi

Dr K.V. Achalapathi, M.Com., M.Phil., PhD is working as a Professor of Commerce at Osmania University, Hyderabad. He has over three decades of teaching, administrative, research, quality assurance and executive training experience with one of the most reputed universities in India and abroad. He has varied and rich teaching experience in subjects viz., Accounting, Managerial Accounting, Managerial Economics, Marketing, International Marketing, Consumer Behaviour and Marketing Research, Research Methodology, Statistical Analysis and Quantitative Techniques etc., at both post-graduate and graduate levels. Coming to his experience at the international level, he worked as Associate Professor, Addis Ababa University, Addis Ababa, Ethiopia during the years 1998-2001, Associate Professor in Business and Accounting Department, Muscat College, Muscat, Oman during 2010-2012 and as Chairman of Steering Committee, Quality Audit Self Study at Muscat College, Oman, Muscat. He held various positions such as Dean, Faculty of Commerce, Head, Department of Commerce and Chairman, Board of Studies in Commerce at Osmania University. He also worked as Principal, Osmania University Post Graduate College, Mahboobnagar.

He won many awards and honours. To name a few, State Best Teacher Award in the year 2005 by the Government of Andhra Pradesh, Best Teacher Award in the year 1996 by Lions Club of Palamur, Mahboobnagar, AP and Best Teacher Award in the year 2008 by Lions Club of Mahboobnagar, AP. He was instrumental in changing the curriculum for B.Com, M.Com and M.Phil in Commerce and PhD to cater to the changing environment. He was also instrumental in starting MBA and MCA programmes on a self-financing basis.

He participated in more than fifty National and ten International Conferences and hosted one International Conference. He has thirty-nine

research publications to his credit. Six students were awarded a PhD, six students were awarded M.Phil under his guidance, and the research supervision of four students in PhD is in progress. He has worked as Convener, Finishing Schools Common Entrance Test 2009 appointed by Andhra Pradesh State Council for Higher Education, Government of Andhra Pradesh and participated actively in course writing for Distance Education in Andhra Pradesh through the Open University and through Distance Education Centre in Osmania University.

S. Brinda

Dr S. Brinda is working as Dean, Academics in St Joseph's Degree and PG College, Hyderabad. She has a rich experience of 30 years in the field of teaching. She has authored about nine books on computer subjects for the students of B.Com of all the universities of AP. She is a course Editor for Computer subjects for B Com (all years) for Osmania and Mahatma Gandhi University and a Visiting Faculty for M.Com and MFC courses of Osmania University.