Published on Jewellery Designing (https://jewellery.iisuniv.ac.in)

Home > Business & Accounting Practices

Business & Accounting Practices [1]

Paper Code: 
JWT- 501
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

 

Learning outcomes (COs):

Course

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

COURSE CODE

COURSE TITLE

JWT 501

 

 
Business & Accounting Practices

 

The students will –

CO101: Analyse the basic fundamentals of the business environment, organisational theory and marketing, including capacity to recognise and use relevant terminology.

CO102: Demonstrate progressive cognitive domain development of knowledge, comprehension, and application of rational economic decision making using: accounting discipline language, methods of classification, standards and computational procedures.

CO103: Recognize commonly used financial statements, their components and how information from business transactions flows into these statements.

CO104: Demonstrate progressive learning in the elements of managerial decision making, including planning, directing and controlling activities in a business environment.

CO105: develop an understanding of bank and major credit instruments.

Approach in teaching: Interactive Lectures, Discussion, Tutorials, Reading assignments, Demonstration, Team work

 

Learning activities for the students: Self-learning assignments, Effective , Effective questions, Seminar presentation, Giving tasks, Field practical

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

9.00
Unit I: 
Nature and Purpose of Business
  • Concept and characteristics of business.
  • Objects of Business-Economic and Social
  • Business Risk-meaning, nature and causes.

 

 

9.00
Unit II: 
: Forms of Business Enterprises
  • Meaning, features, merits and limitations of the following forms of Business-
  • Sole Proprietorship
  • Partnership Firm
  • Company (Private and Public)

 

 

9.00
Unit III: 
Basic Accounting Concepts
  • Objects, importance and principles of Book-keeping.
  • Book-keeping: A working practical knowledge.
  • Classification of Accounts and their Balances.

 

9.00
Unit IV: 
Practical accounting
  • Posting to Ledgers and Balance of Ledgers
  • Writing of Subsidiary Books-Purchase Book, Purchase Return Book, Sales                                                                           Book Sales Return Book and Journal.
  • An introductory knowledge of Trading Account, Profit &Loss Account and Balance Sheet.

 

9.00
Unit V: 
Basic Banking
  • Bank- Definition and Functions
  • Some major credit instruments; Bills of Exchange, Promissory note, Cheque- types & Crossing Demand Draft. A brief study of RBI and NABARD

 

Essential Readings: 
  • Agtarap-San Juan, D. (2007). Fundamentals of Accounting: Basic Accounting Principles Simplified for Accounting Students. AuthorHouse.
  • Tulsian, P. C. (2008). Business Studies. S. Chand Publishing.
  • Maheshwari, S. N., Maheshwari, S. K., &Maheswari, S. K. (2013). An Introduction to Accountancy. Vikas Publishing House.

 

 

References: 

·         Jain,D.c., Khandelwal,M.c.&Pareek G. (2010) Fundamentals of Accountancy. Ajmera Book Company

·         Sutherland, J., &Canwell, D. (2008). Essential business studies a Level: As student book for AQA. Folens Limited.

E-RESOURCES:

JOURNALS:

  •  Global Business Review  Journal of Entrepreneurship & Innovation in Emerging Economics
  • Indian Journal Of Marketing
  • The IUP Journal of brand Management
  • Prabandhan
  •   IISU  Journal of Commerce and Management
  • Journal of Jewellery Research
Academic Year: 
2022-2023 [8]

Follow Jewellery Designing on:

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India Phone:- +91-141-2400160-61, 2397906-07, Fax: 2395494, 2781158

Source URL: https://jewellery.iisuniv.ac.in/courses/subjects/business-accounting-practices-2

Links:
[1] https://jewellery.iisuniv.ac.in/courses/subjects/business-accounting-practices-2
[2] https://www.pdfdrive.com/fundamentals-of-accounting-icmaiin-e17636343.html
[3] https://cleartax.in/s/bookkeeping-essentials-principles
[4] https://www.vedantu.com/commerce/various-forms-of-business-organisations
[5] https://byjus.com/govt-exams/types-of-cheques/
[6] https://www.rbi.org.in/
[7] https://www.nabard.org/
[8] https://jewellery.iisuniv.ac.in/academic-year/2022-2023