Detailed Lesson Plan

Weekly Lecture Plan 

1

Introduction to Accounting and Book keeping, Purpose and Nature of Accounting, Definition of Accounting, Users of Accounting information, Branches of Accounting, Basic Accounting Terminology 
2 
Resources and Claims Against Resurces, The Accounting Equation, Business Entity Principle, Money measurement principle, Class Activity 
3 
The Accounting Process: Objectivity Principle, Time Period Principle, Going Concern Assumption, Rules of Recording , Debit and Credit 
4 
The Recording Process, Journal and types of Journal, Recording in Journal, Posting into Ledger, Running and Balanced form of ledger 
5 
Ledger Accounts and Preparation of Trial Balance, Methods of Trial Balance, Types of Accounting Errors.  
6 
Basic Financial Statements, Income Statement, Balance Sheet, Cash Flow Statement 
7 
Preparation of Final Accounts from Trial Balance with out Adjustments 
8 
Preparation of  6 Column Work Sheet, Closing entries and Post Closing Trial Balance 

9

Making Accounting inforamtion more realistic: The Adjustment Process, Four Basic Types of Adjustments, Accruals and Deffereals, Adjustment for out standing expenses, Income receivalbes, prepaid expenses, Income received in advance 

10

Adjustment for Depreciation on Fixed Assets, Interest on Capital and Drawings, Manager's Commission and Goods on Sale or return Basis and Closing Stock, Two Systems of Inventory Handling, Computing the Cost of Goods Sold  11 Adjustment for Bad and Doubtfull Debts 
12 
Ten Column Work Sheet, Final Accounts with Adjustments, Completion of Accounting Cycle 
13 
Further Practice onTen Column Work Sheet, Final Accounts with Adjustments, Completion of Accounting Cycle, Comprehensive Problem-I 14 Accounting for Financial Assets: Control over Cash, Cash Book  
15 
Control over Cash: Bank Reconciliation Statement, Causes of Difference in Cash Book and Bank Statement 
16 
Methods of Reconciliation,