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    CMA Intermediate Syllabus 2016 (Paper 5): Financial Accounting


    PAPER-5: FINANCIAL ACCOUNTING
    Section A: Accounting – Basics 25%
    Section B: Preparation of Financial Statements 40%
    1. Fundamentals of Accounting
    2. Accounting for Special Transactions
    3. Preparation of Final Accounts of Profit Oriented organizations, Non-Profit Organizations and from Incomplete Records.
    4. Partnership Accounts
    Section C: Self Balancing Ledgers, Royalties, Hire Purchase & Installment System, Branch & Departmental Accounts (20%)
    Section D: Accounting in Computerised Environment and Accounting Standards (15%)
    5. Self-Balancing Ledgers
    6. Royalties, Hire-Purchase and Installment System
    7. Branch and Departmental Accounts
    8. Overview of Computerised Accounting
    9. Accounting Standards (Specified only)

    Section A: Accounting – Basics
    1. Fundamentals of Accounting: Accounting - Meaning, Scope and Significance of Accounting - Accounting Principles, Concepts and Conventions - Capital and Revenue Transactions – Depreciation - Rectification of Errors.
    2. Accounting for Special Transactions: Bills of Exchange - Consignment - Joint Venture - Insurance Claims (Loss of Stock and Loss of Profit)
    Section B: Preparation of Financial Statements
    3. Preparation of Final Accounts of Profit Oriented organizations, Non-Profit Organizations and from Incomplete Records
    (i) Preparation of Financial statements of Profit Oriented organizations: P&L Account, Balance Sheet.
    (ii) Preparation of Financial Statements of Non-Profit making organizations: Preparation of Receipts & Payments Account, Income& Expenditure account and Balance Sheet.
    (iii) Preparation of Financial Statements from incomplete records (Single entry)
    4. Partnership Accounts
    Admission, Retirement, Death, Treatment of Joint Life Policy ,Dissolution of partnership firms including piece meal distribution, Amalgamation of partnership firms, Conversion of partnership firm into a company and sale of partnership firm to a company
    Section C: Self Balancing Ledgers, Royalties, Hire Purchase & Installment System, Branch & Departmental Accounts.
    5. Self-Balancing Ledgers
    6. Royalty Accounts, Hire Purchase and Installment System.
    7. Branch and Departmental Accounts.
    Section D: Accounting in Computerized Environment and Accounting Standards
    8. Computerized Accounting System – Features, Significance, Grouping of Accounts, Ledger hierarchy,
    Accounting Packages and their selection criteria
    9. Accounting Standards (AS-1, AS-2, AS-6, AS-7, AS-9, AS-10)

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