Professional Competence Course

The main objectives of the course is
To lay a theoretical foundation for the preparation and presentation of financial statements,
(b) To gain working knowledge of the professional standards, principles and procedures of
accounting and their application to different practical situations,
(c) To gain the ability to solve simple problems and cases relating to company accounts
including special type of corporate entities, partnership accounts and
(c) To familiarize students with the fundamentals of computerized system of accounting.
The course includes
Conceptual Framework for Preparation and Presentation of Financial
Statements
Accounting Standards
Company Accounts
Financial Statements of Banking, Insurance and Electricity Companies
Average Due Date, Account Current, Self-Balancing Ledgers
Financial Statements of Not-for-Profit Organisations
Accounts from Incomplete Records
Accounting for Special Transactions
Advanced Issues in Partnership Accounts etc