[nilesh]

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Can you provide me the subjects/syllabus of First Year Bachelor of Commerce (F.Y.B.Com) Program offered by UOM (University of Mumbai)?

[Vishal Kotkar]

The subjects/syllabus of First Year Bachelor of Commerce (F.Y.B.Com) Program offered by UOM (University of Mumbai) is as follows:

Accountancy and Financial Management -I
SEMESTER I

1 Accounting standards issued by ICAI and Inventory valuation
1.1 Accounting standards:
Concepts, benefits, procedures for issue of accounting standards
Various AS :
AS – 1: Disclosure of Accounting Policies
(a) Purpose.
(b) Areas of Policies.
(c) Disclosure of Policies. (d) Disclosure of
Change in Policies. (e) Illustrations
AS – 2: Valuation of Inventories (Stock)
(a) Meaning, Definition. (b) Applicability.
(c) Measurement of Inventory. (d) Disclosure in
Final Account. (e) Explanation with Illustrations.
AS – 9: Revenue Recognition
(a) Meaning and Scope. (b) Transactions excluded.
(c) Sale of Goods. (d) Rendering of Services. (e) Effects of
Uncertainties. (f) Disclosure. (g) Illustrations.

1.2 Inventory Valuation
Meaning of inventories
Cost for inventory valuation
Inventory systems : Periodic Inventory system and Perpetual
Inventory System
Valuation: Meaning and importance
Methods of Stock Valuation as per AS – 2:
FIFO and Weighted Average Method
Computation of valuation of inventory as on balance sheet date:
If inventory is taken on a date after the balance sheet or before the balance sheet

2 Final Accounts
2.1 Expenditure
a) Capital, (b) Revenue
Receipts
a) Capital (b) Revenue
2.2 Adjustment and Closing entries
2.3 Final accounts of manufacturing concerns ( proprietary firm)

3 Departmental Accounts
Meaning
Basis of Allocation of Expenses and Incomes/Receipts
Inter Departmental Transfer : at Cost Price and Invoice Price
Stock Reserve
Departmental Trading and Profit & Loss Account and Balance
Sheet

4 Accounting for Hire Purchase
Meaning
Calculation of interest
Accounting for hire purchase transactions by asset purchase method based on full cash price
Journal entries, ledger accounts and disclosure in balance sheet for hirer and vendor
(excluding default, repossession and calculation of cash price)