Mathematics & Accounting for Bankers

Paper Code: 
24CBFS101
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

The course will enable the students to gain a comprehensive knowledge of maintaining and recording transactions and analyzing the financial position of a business, to know the role of an accounting officer, etc.

Course Outcomes: 

 

 

Course

 

 

Learning outcome (at course level)

Learning  and Teaching Strategies

Assessment Strategies

Course Code

 

 

Course Title

 

24CBFS 101

 

 

 

Mathematics & Accounting For Bankers

(Theory)

 

CO7 Evaluate the concepts of simple and compound interest and apply them in the calculation of EMIs.

CO8 Apply the concepts to prepare Journal Accounts.

CO9 Analyze the technique in preparing Ledger accounts and Subsidiary book statements.

CO10 Create final accounts and integrate the features of final accounts and their adjustments.

CO11 Formulate Banking Financial Statements.

CO12 Contributes effectively in course-specific interaction.

Approach in teaching: Blended Learning, Collaborative approach, Interactive Lectures, Discussion, Group Projects, PowerPoint presentation.

   

Learning activities for the students:

Self-learning assignments, Seminar presentations, Case Study Analysis, Brainstorming activities

 

Class tests, CA Test,

Semester end examinations, Quiz,

Evaluation of student Presentations,

 

Evaluation of Individual and group projects,

 

Assessment of Project Reports and viva voce.

 

 

12.00
Unit I: 
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 procedure
  • Accounting Principles: Concepts and Conventions,
  •  Double entry system.
  • Record-keeping basics, account categories, debit and credit concepts, journalizing, and Maintenance of cash/subsidiary books.

 

12.00
Unit III: 
Ledger Posting, Trial Balance, and Bank Reconciliation Statement:
  • Ledger Posting- Preparation of accounts in the ledger.
  • Trial Balance- Meaning, need, and importance, methods of preparing a trial balance. Bank Reconciliation Statement-
  • Need for reconciliation between cash book and bank passbook,
  •  Preparation of Bank reconciliation statement.
12.00
Unit IV: 
Final accounts

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

12.00
Unit V: 
Banking Company Accounts:
  • Meaning of Banking, preparation and Presentation of Financial Statements of Banks, Collection of Bills of Exchanges of Customers,
  •  Discounting of Bills of Exchange of Customer, Rebate on Bills of Exchange Discounted, Classification of Assets
Essential Readings: 

1. Gupta, R.L., &Gupta, V.K.Financial accounting. Sultan Chand and sons
2. Mukherjee, A., &Hanif, M. Modern accountancy. TataMcGrawhill.
3. Sehgal, A., &Sehgal, D. Fundamentals of financial accounting. TaxMan
4. Jain, K. P. Financial accounting. Ajmera Book Company

References: 

1. Tulsian, P.C, Accountancy Tata Mc Graw Hill
2. Goel D.K,Goel R., Accountancy Arya Publications
3. Maheshwari, S.N., An Introduction to AccountancyVikash Publishers
4. Ghosh, T. P., Fundamental of Accounting, Sultan Chand& Sons

e Resources:
1. https://books.google.co.in/books?id=0yYrDwAAQBAJ&printsec=copyright&redi...
2. https://icmai.in/upload/Students/Syllabus 2012/Study_Material_New/InterPaper5 Revised.pdf
3. The Indian Journal of Commerce
4. IUP Journal of Accounting Research
5. The Chartered Accountant

Academic Year: 
2024-2025
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