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BCOC 131 Financial Accounting | IN-DEPTH STUDY GUIDE for IGNOU

BCOC 131 Financial Accounting | IN-DEPTH STUDY GUIDE for IGNOU

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BCOC 131 introduces students to the fundamentals of financial accounting, covering topics such as recording transactions, preparation of financial statements, and analysis of financial data.
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  • Fundamental Principles: Understanding the basic concepts and principles of financial accounting.
  • Recording Transactions: Learning the process of recording business transactions using double-entry accounting.
  • Financial Statement Preparation: Understanding the preparation of financial statements, including the balance sheet, income statement, and cash flow statement.
  • Financial Analysis: Analyzing financial data to assess the financial performance and position of an organization.
Category : BACHELOR‘S DEGREE PROGRAMMES
Sub Category : Bachelor of Commerce (BCOMG)
Products Code : BCOMG-C-3.02
HSN Code : 490110
Language : English
Author : BMAP EDUSERVICES PVT LTD
Publisher : BMAP EDUSERVICES PVT LTD
University : IGNOU (Indira Gandhi National Open University)
Pages : 300
Weight : 199 GM
Dimensions : 21.0 x 29.7 cm (A4 Size Pages)



Details

BCOC 131 Financial Accounting is designed to provide students with a solid foundation in the principles and practices of financial accounting. The course begins by introducing students to the fundamental concepts and principles underlying financial accounting, including the accounting equation, accrual accounting, and the matching principle. Students will then learn how to record business transactions using the double-entry accounting system, including the preparation of journal entries, ledger accounts, and trial balances. The course also covers the preparation and presentation of financial statements, including the balance sheet, income statement, and cash flow statement, following generally accepted accounting principles (GAAP). Additionally, students will learn how to analyze financial data to assess the financial performance and position of an organization, including ratio analysis and financial statement interpretation. Through practical exercises, case studies, and assignments, students will develop the knowledge and skills necessary to understand and interpret financial information effectively.

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