Mathematics & Accounting for Bankers

Paper Code: 
BIE 331
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

The student will have comprehensive and up-to-date knowledge mathematics and  accounting management in banking

12.00
Unit I: 
Basics of Business Mathematics

Basics of Business mathematics- Calculation of simple Interest and compound Interest, Fixed and Floating rates of interest, Calculation of EMIs, Calculation of front end and back end interest.

12.00
Unit II: 
Basic Accounting

Basic accounting procedure- Concepts of accountancy, entity, going concern, double entry system. Record Keeping basics, account categories, debit and credit concepts, journalizing, Maintenance of cash/subsidiary books and ledger

12.00
Unit III: 
Accounting

Trial balance, adjusting and closing entries-Day Book and General Ledger Posting. Depreciation- meaning, Need of charging depreciation, Methods- Straight line and WDV.

12.00
Unit IV: 
Bank Reconciliation Statement

Bank Reconciliation Statement- Need for reconciliation between cash book and bank pass book, Problem relating to the prepration of Bank reconciliation statement. Bills of Exchange- Bills receivable and bills payable, Acceptation and Endorsement, Discounting, Retirement, Dishonour and Renewal of bills, Accomodation bills.

12.00
Unit V: 
FInal Accounts

Final accounts- Concept of capital, Revenue and Deferred Revenue Expenditure, Opening entries, Closing entries, Adjustment entries. Manufacturing, Trading and Profit and Loss Account (With Adjustment) and Balance Sheet.

Essential Readings: 

  • Maheswari.S.N, An Introduction to Accountancy, Vikas Publishers, New Delhi
  • Mukherjee A and Hanif M, Modern Accountancy, Tata Mc Graw Hill, New Delhi, Vol I
  • Seghal, Ashok and Seghal Deepak, Fundamentals of financial accounting, Taxmann Allied Services, New Delhi
  • Jain Khandelwal and Pareek, financial Accounting, Ajmera Book Company, Jaipur
References: 

 

  • Sancheti D C and Kapoor V K, Business Mathematics, Sultan chand and sons, New Delhi
  • Singh J K , Business Mathematics, Himalaya Publishing House, New delhi
Academic Year: 
2019-2020
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