Accountancy and Financial Management-1 by Sanjay D Sonawane

Accountancy and Financial Management-I, F.Y.B.Com. Semester-I’ has been exclusively designed as per the syllabus w.e.f. 2016-17 prescribed by Mumbai University for B.Com students. This book has been written in easy-to-understand language and covers all relevant level of knowledge expected for undergraduate students and at the same time meeting the needs for various professional courses like CA, ICWA, CS, MBA etc. This book covers the fundamental theory, practical problems, and examination based questions/answers. Further, the use of graphics and ascending order of difficulty level of practical problems have been aimed to enhance readers’ learning process and conceptual clarity. It includes the solutions of latest question papers of Accountancy and Financial Management-I November, 2016 and ATKT March, 2017 question papers. Besides this, it includes questions from last 5 years question papers of IDOL F.Y.B.Com to provide ample opportunity for the students to practice.

Contents

• Accounting Standards and Disclosure of Accounting Policies
• AS-2: Valuation of Inventories
• AS-9: Revenue Recognition
• Inventory Valuation
• Capital and Revenue: Expenditure and Receipts
• Final Accounts of Manufacturing Concerns
• Departmental Accounts
• Accounting for Hire Purchase