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PROGRAM: |
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SEMESTER: |
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COURSE TITLE |
Accounting In Banking and Insurance Institutions |
COURSE ID |
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B2 |
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COURSE COMPONENT |
VAC |
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L |
P |
T |
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4 |
0 |
0 |
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EXAMINATION DURATION |
THEORY |
PRACTICAL |
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CWA |
MSE |
ESE |
Total |
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4 |
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25 |
25 |
50 |
100 |
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CO 1: |
Defining the concept of accounting principles and practices for Banking Firms. |
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CO 2: |
Understanding the concept of accounting practices for the insurance firms. |
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CO 3: |
Preparing the accounting transactions related to Banking firms. |
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CO 4: |
Explain the practical implacability of the accounting principles in Banking and insurance industry. |
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CO 5: |
Able to elaborate the various provisions regulating the Banking and Insurance sectors. |
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CO 6: |
Able to comprehend the final accounts of banking and insurance companies. |
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UNIT |
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Hrs |
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1. |
Definition of Accounting, Book Keeping, Accounting Principles ,Meaning and Scope of Accounting, Concept of Banking and review of functions performed by commercial banks, RBI as a governing Body. |
10 |
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2. |
Accounting records in the books of Banks, Asset structure of Banks, difference between Balance sheet of Banking and non-Banking companies, Classification of Bank advances on the basis of performance- Performing and Non-performing assets(NPA) , Revised format of financial statements of Banking companies as per Banking Regulation Act 1949 |
11 |
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3. |
Definitions and Functions of Insurance, Introduction to classes of insurance Business, Explanation of insurance terms: Claim, Premium, Bonus, Surrender value, annuity, IRDA its role and power. |
10 |
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4. |
Preparation of Final accounts of Life Insurance companies, ascertainment of profit and loss in Life insurance Business, preparation of Balance Sheet. |
13 |
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5. |
Accounts of General Insurance companies: Preparation of Final accounts, calculation of Insurance claims. |
10 |
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TEXT BOOKS: |
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TB 1: |
Venkatesh Babu S., Manjunatha J.M, Banking and Insurance Company Accounts, Himalayan Publishing House |
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TB 2: |
Neelam C Gulati, Banking and Insurance: Principles & Practices, Excel Books |
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TB 3: |
Indian Institute of Banking and Finance , Bankers Hand Book on Accounting, Taxmann |
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TB 4: |
Mohan Prakash N.R., Banking, Risk and Insurance Management, Vikas Publishing |
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TB 5: |
Jyostana S.,Nishwan B., Elements Of Banking And Insurance, PHI Publishing House |
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- Teacher: Dr. Chandan Gupta
- Teacher: Pooja Kanojia