Topics
Introduction to Accounting
- Background of Accounting and Accountancy
- Types of Accounts
- Explanation About IFRS (International Financial Reporting Standards)
- Accounting Standards (AS)
- Meaning of Accounting Equation
- Usefulness of Accounting Equation
- Financial Accounting
- Cost Accounting
- Management Accounting
- Qualitative Characteristics of Accounting Information
- Advantages and Limitations of Accounting Users of Accounting Information
- Vouchers
- Debtors and Creditors
- Purchases
- Sales
- Assets
- Liabilities
- Stock
- Profit
- Loss
- Capital and Drawings
- Basic Term - Goods Traded in
- Basic Term - Transaction
- Evolution of Accounting
- Basic Term - Expense
- Difference Between Bookkeeping, Accounting and Accountancy
- Basic Term - Income
Journal, Ledger and Trial Balance
- Journal
- Specimen Or Format of Journal
- Recording of Entries in Journal with Narration
- Types of Accounts
- Study of Double Entry Book-keeping System
- Advantages of Using a Journal
- Simple and Compound Journal Entries
- Rules of Journalizing
- Meaning of Ledger
- Specimen of Ledger
- Balancing of Ledger Accounts
- Ledger-Posting from Journal
- Ledger - Mechanics of Posting
- Practical Problems on Journal and Ledger.
- Petty Cash Book
- Sales Book Or Sales Day Book
- Purchase Book Or Purchases Day Book
- Sales Return Book Or Sales Return Day Book
- Purchase Return Book Or Purchases Return Day Book
- Journal Proper
- Sub-division of Journal - Cash Book
- Meaning and Purpose of Trial Balance
- Advantages and Limitations of a Trial Balance
- Preparation of the Trial Balance by the Balance Method
Bank Reconciliation Statement
- Bank Reconciliation Statement
- Need and Importance of Bank Reconciliation Statement
- Preparation of an Amended Cash Book and a Bank Reconciliation Statement from the Given Cash Book Balance
- Preparation of an Amended Cash Book and a Bank Reconciliation Statement from the Given Cash Book Balance
- Preparation of an Amended Cash Book and a Bank Reconciliation Statement from the Extract of the Cash Book as Well as the Pass Book Relating to the Same Month
Depreciation
- Depreciation
- Need and Factors Affecting Depreciation
- Objectives and Characteristics of Depreciation
- Methods of Depreciation-Straight Line Method
- Methods of Depreciation-Written Down Value Method
- Accounting Treatment of Depreciation-By Charging to Asset Account
- Accounting Treatment of Depreciation-By Creating Provision for Depreciation
- Accounting Treatment of Depreciation-Accumulated Depreciation Account
- Problems Relating to Purchase and Sale of Assets Incorporating the Application of Depreciation Under the Two Stated Methods
Bills of Exchange
- Advantages and Disadvantages of Bills of Exchange
- Promissory Note
- Introduction to Negotiable Instruments
- Important Terms of Bills of Exchange - Due Date
- Important Terms of Bills of Exchange - Days of Grace
- Important Terms of Bills of Exchange - Discounting of Bill,
- Important Terms of Bills of Exchange - Endorsement of Bill
- Important Terms of Bills of Exchange - Bill Sent for Collection
- Important Terms of Bills of Exchange - Dishonor of Bill
- Important Terms of Bills of Exchange - Retirement and Renewal of a Bill
- Basic Term of Bills of Exchange - Drawer
- Basic Term of Bills of Exchange - Drawee
- Basic Term of Bills of Exchange - Payee
- Basic Term of Bills of Exchange - Endorser and Endorsee
- Basic Term of Bills of Exchange - Bill on Demand Or Bill on Sight
- Basic Term of Bills of Exchange - Bill After Date
- Basic Term of Bills of Exchange - Bill After Sight
- Basic Term of Bills of Exchange - Tenure of the Bill
- Basic Term of Bills of Exchange - Noting Charges
- Basic Term of Bills of Exchange - Notary Public
- Basic Term of Bills of Exchange - Insolvency of the Drawee Or Acceptor.
- Practical Problems of Drawer, Drawee and Endorsee
Accounting Concepts
- Basis of Accounting System - Cash Basis
- Basis of Accounting System - Accrual Or Mercantile Basis
- Accounting Standards (AS)
- Explanation About IFRS (International Financial Reporting Standards)
- Accounting Principles Or GAAP-Accounting Entity
- Accounting Principles Or GAAP-Money Measurement
- Accounting Principles Or GAAP-Accounting Period
- Accounting Principles Or GAAP-Full Disclosure
- Fundamental Accounting Assumptions-Going Concern
- Fundamental Accounting Assumptions-Consistency
- Accounting Assumptions - Complete Disclosure
- Accounting Assumptions - Revenue Recognition
- Accounting Assumptions - Verifiable Objective
- Accounting Assumptions - Historical Cost
- Accounting Principles Or GAAP-Matching Concept
- Fundamental Accounting Assumptions-Accrual
- Accounting Principles Or GAAP-Dual Aspect Concept
- Accounting Principles Or GAAP-Materiality Concept
- Accounting Principles Or GAAP-Prudence,
- Accounting Assumptions - Timeliness
Final Accounts and Concept of Trading, Profit and Loss Account and Balance Sheet (With and Without Adjustments), Marshalling of Balance Sheet
- Provisions and Reserves
- Difference Between Provisions and Reserves
- Types of Reserves-Revenue Reserve
- Types of Reserves-Capital Reserve
- Types of Reserves-General Reserve
- Types of Reserves-Specific Reserves
- Types of Reserves-Secret Reserves
- Preparation of Trading and Profit and Loss Account and Balance Sheet of Sole Proprietorship
- Capital Expenditure
- Revenue and Deferred Revenue Expenditure
- Difference Between Capital Expenditure and Revenue Expenditure
- Meaning of Capital Income and Revenue Income
- Difference Between Capital Income and Revenue Income
- Meaning of Capital Profit and Revenue Profit
- Difference Between Capital Profit and Revenue Profit
- Meaning of Capital Loss and Revenue Loss
- Difference Between Capital Loss and Revenue Loss
- Marshalling of a Balance Sheet Or Assets and Liabilities
- Preparation of Trading Account
- Preparation of Profit and Loss Account
- Preparation of Balance Sheet
- Effects of Adjustments-Closing Stock
- Effects of Adjustments-Outstanding Expenses
- Effects of Adjustments-Prepaid Expenses
- Effects of Adjustments-Accrued Income
- Effects of Adjustments-Income Received in Advance
- Effects of Adjustments-Depreciation
- Effects of Adjustments-Bad and Doubtful Debts
- Effects of Adjustments-Provision for Discount on Debtors and Creditors
- Adjustments of Financial Statements - Goods Distributed as Free Samples and Manager's Commission
- Adjustments of Financial Statements - Abnormal Loss
Rectification of Errors
- Meaning and Effects of Errors
- Meaning and Effects of Errors
- Types of Errors-Errors of Ommission
- Types of Errors-Errors of Ommission
- Types of Errors-Errors of Commission
- Types of Errors-Errors of Commission
- Types of Errors-Errors of Principles
- Types of Errors-Errors of Principles
- Types of Errors-Compensating Errors
- Types of Errors-Compensating Errors
- Rectification of Errors After the Preparation of Final Accounts
- Rectification of Errors After the Preparation of Trial Balance and Through Suspense Account
- Rectification of Errors After the Preparation of Final Accounts Through P/L Adjustment A/C
Accounts from Incomplete Records
Non Trading Organisation
- Meaning of Non Trading Organization
- Objectives of Non Trading Organisation
- Non Trading Organisation - Necessity and Treatment of Specific Items
- Preparation of Receipts and Payments Account
- Feature of Receipts and Payments Account
- Difference Between Receipts and Payments Account and Cash Book
- Preparation of Income and Expenditure Account
- Feature of Income and Expenditure Account
- Difference Between Income and Expenditure Account and Profit and Loss Account.
- Preparation of Balance Sheet
- Preparation of Income and Expenditure Account and Closing Balance Sheet
Introduction to the Use of Computers in Accounting
- Introduction and Features of Computer Accounting System
- Components of CAS (Computer Accounting System)
- Advantages and Limitations of CAS (Computer Accounting System)
- Introduction to Accounting Information System (AIS) as a Part of MIS
- Management Information System.
- Preparation of Trial Balance
- Preparation of Balance Sheet
- Preparation of Profit and Loss Account
- Comparison Between Manual Accounting Process and Computerised Accounting Process
- Selection of an Accounting Software Package
- Introduction to Computerised Accounting Softwares
- Advantages and Disadvantages of Ready to Use Customized Tailor-Made Accounting Systems
- Objectives of providing depreciation:
- To find out the true profit or loss
- To present the true and fair view of financial position
- To facilitate replacement of fixed assets
- To avail tax benefits
- To comply with legal requirements
- Characteristics of depreciation
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