Get updates on Eligibility, Admission, Placements Fees Structure
Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
Financial accounting is a specialised and highly significant branch of accounting that involves maintenance of a company's financial transactions. The transactions are recorded, summarised, and presented in a financial statement or report commonly known as a balance sheet or income statement. SWAYAM's Certification Programme on Financial Accounting will help candidates achieve perfection in important concepts of the accounting system with the support of concrete rules and principles taught.
Learners would delve deep into the basic concepts, accounting standards and conventions of financial accounting which would include an understanding of the overall scope, role, and importance of the current domain in a business organisation. The course comes with a plethora of self-assessment tools and pedagogy like video lectures by experts, various case studies, free ebooks, quizzes, interaction, assignments, mentoring, assessments and much more that would go a long way in accentuating a candidate's understanding of financial accounting.
A detailed explanation of every topic coupled with the bonus of revisiting video modules for resolution of doubts and an active discussion forum will aid learning. Questions asked in the exam would be of a standard nature, furnishing learners with an academically-rich experience. Course takers can also avail detailed solutions to their weekly assignments on the course tab which would ensure timely progress.
The Highlights
- Weekly self-assessments
- The course duration of eight weeks
- Free access to course material
- Course delivery by Ph.D scholar
- Certification from MHRD
Programme Offerings
- assignments
- video lectures
- Reading Material
- assessment
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | UNIPUNE (Pune University) |
Eligibility Criteria
Certification Qualifying Details
Candidates will have to fulfil one criterion for attaining the certification in Certification Programme on Financial Accounting, which is sitting for the qualifying examination. Their marks in both course assessment and end-term proctored examination will be considered for the same. The candidates need to score a minimum of 30 % in course assessment and 70% in the end term proctored exam to get the certificate.
What you will learn
Candidates pursuing the Certification Programme on Financial Accounting will learn this course from the point of view of a professional accountant and with expert course delivery. They will acquire insights on the fundamentals of accounting including-
- Meaning and causes of depreciation accounting
- Analysing the financial statements critically
- Rectification of errors in tally statement
- Statement and application of ratio analysis
- Thorough understanding of Inland branches
- Factors affecting depreciation in joint ventures
- Basics of Accounting for Hire Purchase Transactions
Who it is for
Admission Details
The admission process for Certification Programme on Financial Accounting is temporarily inactive but will resume in the upcoming semester so learners will have to keep a check on the course link and then abide by the following procedure-
Step 1: Select “Join”https://onlinecourses.swayam2.ac.in/cec20_mg23/preview on the course link (the option will be active once admission reopens)
Step 2: Fill in the requested information and tap on “Review details and join the course” at the bottom of the webpage after checking the entered details.
Step 3: You will be directed to your course dashboard where you can check assignments, modules and relevant announcements.
The Syllabus
- Role of Finance in Business
- Financial Accounting - Nature, Scope, Limitations,
- Basic Concepts and Conventions
- Accounting Standards - Meaning and Significance
- GAAP
- Accounting Process
- Journal Entries
- Profit and Loss Accounts
- Balance Sheet
- Tally System - Introduction and Importance, Tally Operations, Rectification of Errors,
- Banking Reconciliation Statement - Introduction and Importance,
- Preparation of Bank Reconciliation Statement
- Consignments - Meaning and Features,
- Accounts Treatment in the Books of the Consignor and Consignee,
- Joint Ventures - Accounting Procedures Part - 1
- Joint Ventures - Accounting Procedures Part - 2, Inland Branches,
- Depreciation Accounting - Meaning and Causes,
- Objects of Providing Depreciation and Factors Affecting Depreciation
- Accounting Treatment including Provision for Depreciation Accounting,
- Methods of Depreciation (Straight line Method and Diminishing Balance Method),
- Introduction of Accounting for Hire Purchase Transactions,
- Accounting for Hire Purchase Transactions - Operations
- Partnership - Introduction, Types, Admission and Retirement,
- Dissolution of Partnership Firms - Legal Position, Accounting for Simple Dissolution,
- Analysis of Financial Statements
- Common Size Balance Sheet
- Introduction
- Statement and Application of Ratio Analysis
- Introduction and Application of Cash Flow Statement
Student Reviews for Fundamentals of Financial Accounting
I had a great college life here.
Verified ReviewBatch of 2018-01-01 | Fundamentals of Financial Accounting
College Infrastructure
The college or the university is just amazing. We have a great environment in the campus and also various types of plants and trees are there. We also have amazing infrastructure and the main building is super cool. Also the living area is good.
Instructors
UNIPUNE (Pune University) Frequently Asked Questions (FAQ's)
Learners have to keep the following in mind-
- Comply with basic laws like abstaining from IP infringement.
- They are respectful to others.
- Refrain from retaliating against any SWAYAM member.
- Avoid injuring the person or property of any individual by acting maliciously.
- Treat their peers and faculty fairly without engaging in harassment.
Self-assessments are only for evaluating a course taker's learning from the course, so they do not carry any weightage in the final examination. However, they are important as revision.
Students residing outside India can also enrol in this course and sit for the examination. But given the fact that the examination is conducted in offline/online mode only in India, such students will have to appear for the exam in India.
An exam once missed cannot be retaken, candidates can also not apply again in the same course with the same ID, so they have to stay careful.
Mobile phones, calculators, electronic diaries, electronic gadgets, watches, clipboards, log-tables and blank papers are forbidden.
For the offline subjective exam, both result and the e-certificate is accessible in 5 weeks after the exam date while in case of the objective online exam, the above things can be checked within 2-3 weeks from the exam date.
Yes, the candidate needs to send a screenshot of the error via mail to SWAYAM support team describing the error and within a stipulated time. If the error is found to be genuine and reported on time, another certificate will be registered at an additional cost of Rs. 200.
The learner must be at least 13 years or older to join this course.
There is no option as such for withdrawal. However, candidates can select "Unsubscribe from Announcement and Forum" on their Progress tab to stop receiving email notifications.
The videos can be downloaded or the transcript of the modules given right below each video can be downloaded, which can be done easily.