Distribution of Profit Among Partners - Guarantee of Profit to a Partner

Overview of Computerised Accounting System

• Computerized Accounting System (CAS)
• Grouping of Accounts
• Codification of Accounts
• Methodology to Develop Coding Structure and Coding
• Using Software of Computerised Accounting System
• Accounting Information System (AIS)
• Accounting Software
• Steps in Installation of CAS (Computerised Accounting System)
• Codification and Hierarchy of Account Heads
• Using Computerized Accounting System - Creation of Accounts
• Using Computerized Accounting System

Accounting for Partnership : Basic Concepts

• Concept of Partnership
• Partnership Deed
• Provisions of the Indian Partnership Act, 1932
• Special Aspects of Partnership Accounts> Partner's Capital Account
• Partner's Capital Account> Fixed Capital Account
• Partner's Capital Account> Fluctuating Capital Account
• Difference Between Fixed Capital Account and Fluctuating Capital Account
• Distribution of Profit Among Partners
• Profit and Loss Appropriation Account
• Interest on Capital and Current Accounts
• Interest on Drawings
• Guarantee of Profit to a Partner
• Past Adjustments

Reconstitution of a Partnership Firm – Admission of a Partner

• Modes of Reconstitution of a Partnership Firm
• Admission of Partner
• New Profit Sharing Ratio
• Sacrificing Ratio
• Concept of Goodwill
• Admission of Partner> Accounting Treatment of Goodwill
• Methods of Valuation of Goodwill
• Admission of Partner> Hidden Goodwill
• Average Profit Method
• Average Profit Method> Simple Average Profit Method
• Average Profit Method> Weighted Average Profit Method
• Super Profit Method
• Capitalisation Method> Capitalisation of Average Profit
• Capitalization Method> Capitalisation of Super Profit
• Admission of Partner> Reserves and Accumulated Profit/Losses
• Admission of Partner> Revaluation of Assets and Liabilities
• Admission of Partner> Adjustment of Capital
• Change in Profit Sharing Ratio Among the Existing Partners

Reconstitution of a Partnership Firm – Retirement/Death of a Partner

• Computation of Amount Due to the Retiring Partner
• Determination of Amount due to the Deceased Partner
• Retirement/Death of a Partner> New Profit Sharing Ratio
• Retirement/Death of a Partner> Gaining Ratio
• Retirement/Death of a Partner> Treatment of Goodwill
• Hidden Goodwill
• Retirement/Death of a Partner> Revaluation of Assets and Liabilities
• Retirement/Death of a Partner> Reserves and Accumulated Profits/Losses
• Retirement During the Accounting Year
• Payment of Amount due to Retiring Partner
• Retirement/Death of a Partner> Adjustment of Capitals
• Death of Partner

Dissolution of Partnership Firm

• Concept of Dissolution of Partnership
• Concept of Dissolution of Partnership Firm
• Difference Between Dissolution of Partnership and Dissolution of Firm
• Accounting at the Time of Dissolution of a Firm
• Process of Dissolution> Realisation Account
• For Closing Assets Accounts
• For Closing Liabilities Accounts
• For Realisation of Assets
• For Payment of Outside Liabilities
• For Payment of Realisation Expenses
• For Closing Realisation Account

Spreadsheet

• Introduction to Spreadsheet
• Basic Concepts of Spreadsheet
• Labels
• Formulas
• Functions
• Useful Functions
• Useful Functions > Date and Time Function
• Useful Functions > Mathematical Function
• Useful Functions > Text Manipulation Function
• Useful Functions > Logical Function
• Useful Functions > Lookup and References Function
• Useful Functions > Financial Functions
• Data Entry, Text Management and Cell Formatting
• Data Entry
• Data Validation
• Data Validation
• Data Formatting
• Output Reports
• Preparation of Reports Using Pivot Table
• Advantages of Pivot Table (Report)
• Common Errors (Messages) in Spreadsheet
• Data Representation - Graphs, Charts and Diagrams
• Concept of Electronic Spreadsheet (ES)
• Features Offered by Electronic Spreadsheet
• Using Computerised Accounting System - Data

Accounting for Share Capital

• Concept of Company
• Kinds of Companies
• Shareholder's Fund> Share Capital of a Company
• Concept of Shares
• Kinds of Shares> Preference Shares
• Kinds of Shares> Equity Shares
• Terms of Issue of Shares> Issue of Shares at Par
• Terms of Issue of Shares> Issue of Shares at Par
• Calls-In-Arrears
• Interest on Calls-In-Arrears
• Calls-In-Advance
• Interest on Calls-In-Advance
• Over Subscription of Shares
• Under Subscription of Shares
• Terms of Issue of Shares> Issue of Shares at Premium
• Terms of Issue of Shares> Issue Shares at Discount
• Issue of Shares for Consideration other than Cash
• Forfeiture of Shares
• When Shares Were Originally Issued at a Premium
• When Shares Were Originally Issued at Discount
• Reissue of Forfeited Shares

Issue and Redemption of Debentures

• Difference Between Debentures and Shares
• Concept of Debentures
• Types of Debentures
• Issue of Debentures for Cash
• Terms of Issue of Debentures> Issue of Debentures at Par
• Terms of Issue of Debentures> Issue of Debentures at Premium
• Terms of Issue of Debentures> Issue of Debentures at Discount
• Oversubscription of Debentures
• Issue of Debentures for Consideration Other than Cash
• Issue of Debentures as Collateral Security
• Issue of Debentures with Terms of Redemption
• Debentures Issued at Par and are Redeemable at Par
• Debentures Issued at Discount and are Redeemable at Par
• Debentures Issued at Premium and are Redeemable at Par
• Debentures Issued at Par and are Redeemable at Premium
• Debentures Issued at Discount and are Redeemable at Premium
• Debentures Issued at Premium and redeemable at Premium
• Interest on Debentures
• Writing off Discount/Loss on Issue of Debentures
• Concept of Redemption of Debentures
• Methods of Redemption of Debentures> Redemption by Payment in Lump Sum
• Methods of Redemption of Debentures> Redemption by Payment in Instalments by Draw of Lots
• Methods of Redemption of Debentures> Redemption by Purchase in Open Market
• Methods of Redemption of Debentures> Redemption of Debentures by Conversion

Financial Statements of a Company

• Concept of Financial Statements
• Format of Company's Balance Sheet
• Contents of Balance Sheet> Equity and Liabilities
• Shareholder's Fund> Share Capital of a Company
• Shareholders' Fund> Reserves and Surplus
• Shareholders' Fund> Money Received Against Share Warrants
• Equity and Liabilities> Share Application Money Pending Allotment
• Equity and Liabilities> Non-Current Liabilities
• Equity and Liabilities> Current Liabilities
• Contents of Balance Sheet> Assets
• Assets> Non-Current Assets
• Assets> Current Assets
• Statement of Profit and Loss

Analysis of Financial Statements

• Concept of Financial Statement Analysis
• Tools of Analysis of Financial Statements
• Comparative Financial Statement
• Comparative Balance Sheet
• Comparative Income Statement
• Comparative Financial Statement
• Common-Size Statement
• Common Size Balance Sheet
• Common-Size Income Statement

Accounting Ratios

• Concept of Ratio Analysis
• Classification of Ratios
• Liquidity Ratios
• Current Ratios/Working Capital Ratios
• Quick Ratio/Acid Test Ratio/Liquid Ratio
• Solvency Ratios
• Debt to Equity Ratio
• Debt to Total Assets Ratio
• Proprietary Ratio
• Total Assets to Debt Ratio
• Interest Coverage Ratio
• Activity Ratios
• Inventory Turnover Ratio
• Trade Receivables Turnover Ratio
• Trade Payables Turnover Ratio
• Capital Employed Turnover Ratio
• Profitability Ratios
• Gross Profit Ratio
• Operating Ratio
• Operating Profit Ratio
• Net Profit Ratio
• Return on Investment
• Return on Shareholders’ Funds
• Earnings Per Share
• Book Value Per Share
• Dividend Payout Ratio
• Price Earnings Ratio

Cash Flow Statement

• Concept of Cash Flow Statement
• Procedure of Preparing Cash Flow Statement
• Classification of Business Activities as per AS-3
• Treatment of Some Peculiar Items
• Cash Flow from Operating Activities
• Cash Flow from Investing Activities
• Cash Flow from Financing Activities
• Preparation of Cash Flow Statement

Use of Spreadsheet in Business Applications

• Introduction to Use of Spreadsheet in Business Application
• Payroll Accounting
• Payroll Components
• Elements Used in Payroll Calculation
• Template Design
• Asset Accounting
• Introduction to Asset Accounting
• Computerised Asset Accounting
• Straight Line Method
• Written Down Value (WDV) Method
• Schedule Forming Part of the Balance Sheet
• Loan Repayment Schedule
• Application in Generating Accounting Information - Bank Reconciliation Statement
• Application in Generating Accounting Information - Asset Accounting
• Application in Generating Accounting Information - Loan Repayment of Loan Schedule
• Concept of Ratio Analysis

Accounting for Partnership Firms

• Concept of Partnership
• Partnership Deed
• Special Aspects of Partnership Accounts> Partner's Capital Account
• Profit and Loss Appropriation Account
• Distribution of Profit Among Partners
• Guarantee of Profit to a Partner
• Methods of Valuation of Goodwill
• Concept of Goodwill
• Accounting for Partnership Firms - Reconstitution and Dissolution
• Change in the Profit Sharing Ratio Among the Existing Partners
• New Profit Sharing Ratio
• Retirement/Death of a Partner> Reserves and Accumulated Profits/Losses
• Admission of Partner> Accounting Treatment of Goodwill
• Retirement/Death of a Partner> Gaining Ratio
• Admission of Partner> Revaluation of Assets and Liabilities
• Admission of Partner> Adjustment of Capital
• Examples on Admission of Partner
• Retirement/Death of a Partner> Treatment of Goodwill
• Retirement/Death of a Partner> Revaluation of Assets and Liabilities
• Calculation of Deceased Partner's Share of Profit Till the Date of Death
• Preparation of Deceased Partner's Capital Account, Executor's Account
• Accounting Entries To Close The Books Of Accounts
• Concept of Dissolution of Partnership Firm
• Types of Firm Dissolution> Simple Dissolution
• Past Adjustments

Accounting for Companies

• Accounting for Companies - Introduction
• Theory on Shares
• Shareholder's Fund> Share Capital of a Company
• Concept of Shares
• Employee Stock Option Plan (ESOP)
• Private Placement of Shares
• Terms of Issue of Shares> Issue of Shares at Par
• Under Subscription of Shares
• Over Subscription of Shares
• Types of Share Issue
• Forfeiture of Shares
• Pro-rata Allotment
• Concept of Private Placement
• Concept of Debentures
• Terms of Issue of Debentures> Issue of Debentures at Par
• Issue of Debentures for Consideration Other than Cash
• Issue of Debentures with Terms of Redemption
• Issue of Debentures as Collateral Security
• Interest on Debentures
• Redemption of Debentures for Immediate Cancellation - Draw of Lots, Lump Sum and Purchase in the Open Market
• Creation of Debenture Redemption Reserve
• Accounting for Debentures - Conversion Method
• Concept of Redemption of Debentures

Graphs and Charts for Business Data

• Introduction to Graphs and Charts for Business Data
• Graphs and Charts
• Basics Steps for Graphs/Charts/Diagrams Using Excel
• Elements of a Chart/Graph
• Formatting of Chart
• Change the Chart Type
• Resizing of Chart/Graph
• 2D - 3D Charts/Graphs
• Advantages in Using Graph/Chart

Analysis of Financial Statements

• Concept of Financial Statements
• Statement of Profit and Loss
• Concept of Financial Statement Analysis
• Comparative Financial Statement
• Common-Size Statement
• Concept of Cash Flow Statement
• Concept of Ratio Analysis
• Quick Ratio/Acid Test Ratio/Liquid Ratio
• Debt to Equity Ratio
• Debt to Total Assets Ratio
• Proprietary Ratio
• Interest Coverage Ratio
• Inventory Turnover Ratio
• Trade Receivables Turnover Ratio
• Trade Payables Turnover Ratio
• Working Capital Turnover Ratio
• Classification of Ratios> Income Statement Ratio
• Earnings Per Share
• Price Earnings Ratio
• Classification of Ratios> Combined/Mixed Ratio

Cash Flow Statement

Data Base Management System for Accounting

• Introduction Data Base Management System for Accounting
• Introduction to Database Concepts Using Libre Office Base
• Features of Database Management System (DBMS)
• Understanding and Defining the Database Requirement
• Identification of Data to Be Stored in Tables
• Logical Structuring of Data in Tables
• Creating Database Tables in Microsoft Access
• Creation of Query in Microsoft Access
• Creation of Forms in Microsoft Access
• Creation of Reports in Microsoft Access