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Introduction of PACC6000 Financial Accounting:

PACC6000 Financial Accounting is a course which teaches the fundamental principles of accounting financial reporting and accrual accounting.

PACC6000 Financial Accounting gives students the technical skills which will help him out in analyzing, recording, interpreting and preparing the accounting information in the company and the business.

This PACC6000 Financial Accounting course includes the following topics:

• Partnerships,
• Financial recording procedures,
• Inventory costing methods,
• Internal control and cash
• Preparation of the income statements, statement of changes of equity and balance sheet used for retailing operations,
• Non-current assets,
• Analyzing and interpreting the financial statements,
• Accounting information systems which include subsidiary ledgers and special journals,
• Receivables and payables.

On successful completion of the PACC6000 Financial Accounting subject scholars or students will be able to:

• Proficient in applying the double-entry system of accounting principles in a transaction, and following all the steps of the accounting cycle.
• Do the preparation and analysis of the financial statements of the company by following the principle of conventional rule.
• Giving an appropriate and relevant solution to the financial accounting problem by the use of the various accounting principles and concepts.
• Making the right strategies which will give a fruitful result in improving the learning behaviour of the employees or the individuals.

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