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MATHEMATICS & ACCOUNTING FOR BANKERS [1]

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

Basic accounting procedure- Accounting Principles: Concepts and Conventions, double entry system. Record Keeping basics, account categories, debit and credit concepts, journalizing, Maintenance of cash/subsidiary books.

12.00

Ledger Posting and Trial Balance:  Ledger Posting- Preparation of accounts in ledger. Trial Balance- Meaning, need and importance, methods of preparing trial balance, Depreciation- Meaning, Need of charging depreciation, Methods- Straight line and WDV.

 

12.00

Bank Reconciliation Statement- Need for reconciliation between cash book and bank pass book, Problem relating to the preparation of Bank reconciliation statement. Bills of Exchange- Bills receivable and bills payable, Acceptance and Endorsement, Discounting, Retiring under a rebate, Dishonour and Renewal of bills.

 

12.00

Final accounts- Concept of capital, Revenue and Deferred Revenue Expenditure, Adjustment entries. Manufacturing Account, 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
  • Sancheti D C and Kapoor V K, Business Mathematics, Sultan chand and sons, New Delhi

 

References: 

SUGGESTED READINGS:

  • Ghosh, T. P. Fundamentals of Accounting. Sultan Chand & Sons.
  • Goel, D. K., & Goel, R. Accountancy. Arya Publications.
  • Maheshwari, S. N. An Introduction to Accountancy. Vikash Publishers.
  • Tulsian, P. C. Accountancy. Tata Mc Graw Hill.
  • Singh J K , Business Mathematics, Himalaya Publishing House, New Delhi

e- RESOURCES:

JOURNALS:

Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

 

Academic Year: 
2022-2023 [6]

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Source URL: https://finance.iisuniv.ac.in/courses/subjects/mathematics-accounting-bankers-7

Links:
[1] https://finance.iisuniv.ac.in/courses/subjects/mathematics-accounting-bankers-7
[2] https://books.google.co.in/books?id=0yYrDwAAQBAJ&printsec=copyright&redir_esc=y#v=onepage&q&f=false
[3] https://icmai.in/upload/Students/Syllabus-2012/Study_Material_New/Inter-Paper5-Revised.pdf
[4] https://lila1.lyryx.com/textbooks/OLIVIER_1/marketing/Olivier-BusinessMath-2021B.pdf
[5] https://academic.oup.com/journals/?login=false
[6] https://finance.iisuniv.ac.in/academic-year/2022-2023