Education and Career Forum

Distance education is the new concept of easy education in today’s world. Alagappa University of Distance education is one of the renounced Universities for distance education. The university offers various subjects which can be taught from distance. Financial accountancy, offered by Alagappa University, is the basic to all accounting entries. It consists of chapters like journal entry, ledger account, trial balance, balance sheet, valuation of goodwill, joint venture, cash book, Bank Reconciliation Statement (BRS) and many more. Financial accountancy is a very conceptual paper. This subject is mainly concerned with the preparation of the financial statement at the end of an accounting year which is generally 31st March of every year. This statement gives an absolute knowledge about the current financial position of the company. Based on this statement various financial decisions are made. Financial statement helps the stockholders in investing in a company, suppliers in their credit decisions, banks for granting loans and in many other financial decisions. Financial accounting standards sets guide lines for financial accountancy. Below are attached some of the previous year’s question papers for you to know the paper very well.