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Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video and Text Based

Course Overview

No matter where an organisation is, Financial Accounting will always be one of the most essential elements in the company as the decisions can be made more accurately when a proper financial strategy is present. This is the reason why Financial Accountants are always in demand.

Accounting serves as a language interface for Finance making comprehension easier and in turn making the process faster. The Financial Accounting course by Swayam gives the candidates the insights and the knowledge they would require if they chose to enter the field for career growth. However, financial knowledge is profitable for anyone who has it as it simply makes up a relevant and important skill set.

The course primarily provides the candidates all the theoretical knowledge they would need and the fact that the course contents are made up by India’s top faculty helps a lot. Being an educational programme by the initiative of Government of India, the course is also free.

The Highlights

100% Free course
Government certified programme
Undergraduate level programme

Programme Offerings

Reading Materials
quizzes
Self-assessments
video lectures
tests
Online discussion forum

Courses and Certificate Fees

Certificate Availability
no

What you will learn

Financial knowledge

By the time candidates have finished their course, they will have a strong grasp on the following industry relevant concepts and will have gained a great number of knowledgeable skills for the sector.

Candidates will first learn the theoretical framework of how the industry works.
They will then understand the entire processes of accounting.
Most importantly, they will get a proper understanding of ‘Final Accounts’.
Inland branches and hire purchase will be quite valuable to their syllabi.
Computerized accounting will be the final step of learning in this course for the candidates.

Who it is for

Account ManagerCertified Management AccountantAccountant

Application Details

The candidates who wish to join the course have to go through the following steps.

Step 1: Candidates have to visit the official website of the course. https://onlinecourses.swayam2.ac.in/nou23_cm13/preview

Step 2: Candidates have to register on the website. They can do so using Microsoft, Google or Facebook or they can register on the Swayam website as well.

Step 3: If the candidates are already registered, they need to login into the account.

Step 4: After logging in, they need to go back to the course page and click on Join.

Step 5: After the candidates have done that, they will have an application form on their screens in which they will give their information correctly.

Step 6: Submitting the form after agreeing to the terms and conditions of the course and agreeing to abide by the Honor Code will be the last step.

The Syllabus

Week-1

Unit-1: Nature and Scope of Accounting

Week-2

Unit-2: Accounting Process and Rules

Week-3

Unit-3: Accounting Principles
Unit-4: Accounting Standards

Week-4

Unit-5: Journal and Ledger

Week-5

Unit-6: Subsidiary Books

Week-6

Unit-7: Trial Balance and Rectification of Errors

Week-7

Unit-8: Depreciation

Week-8

Unit-9: Final Accounts-I

Week-9

Unit-10: Final Accounts-II

Week-10

Unit-11: Hire Purchase Accounts-I

Week-11

Unit-12: Hire Purchase Accounts-II

Week-12

Unit-13: Branch Accounts-I

Week-13

Unit-14: Branch Accounts-II

Week-14

Unit-15: Consignment Accounts-I
Unit-16: Consignment Accounts-II

Week-15

Unit-17: Joint Venture Accounts

Week-16

Unit-18: Introduction to Computer Accounting and Creation of Company

Week-17

Unit-19: Creating Masters

Week-18

Unit-20: Voucher Entries and Invoicing
Unit-21: Preparation of Reports

Instructors

IGNOU Frequently Asked Questions (FAQ's)

1: What is SWAYAM?

SWAYAM is a government-initiated programme that is built on the goal to deliver equity, quality and access of free courses by the best faculty to everyone, especially the underprivileged.

2: Which university offers this course?

This course is prepared and offered by one of the best open universities of India which is Indira Gandhi National Open University.

3: Who is the instructor of the course?

The instructor of this course is Prof. Sunil Kumar. He is a top-class teacher in the Indira Gandhi National Open University and has a 15-year experience in teaching. He is also a lifetime member of the All India Commerce Congress.

4: Which books should a candidate read for this course?

The candidates are referred to these books for the preparation of the course: Financial Accounting by Grewal and Shukla, Advanced Accountancy by Hrishikesh Chakraborty and Fundamentals of Advanced Accounting by R.S.N. Pilai and Bagavathi.