Topics
Overview of Computerised Accounting System
- Introduction to Computerised Accounting System
- Computerised Accounting System
- Components of Computerised Accounting System
- Features of Computerised Accounting System
- Grouping of Accounts
- Codification of Accounts
- Methodology to Develop Coding Structure and Coding
- Using Software of Computerised Accounting System
- Advantages of Computerised Accounting System
- Limitations of Computerised Accounting System
- Accounting Information System (AIS)
- Structure of Computerised Accounting System
- Computerised Accounting System (CAS) - Software Packages
- 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
- Need and Security Features of the Computerized Accounting System
Accountancy I : Not-for-profit Organisation and Partnership Accounts
Accounting for Not-for-Profit Organisation
- Accounts of “Not for Profit” Concerns
- Features of "Not for Profit" Concerns.
- Accounting Records of "Not for Profit" Organisations
- Receipts and Payments Account
- Preparation of Receipts and Payments Account
- Feature of Receipts and Payments Account
- Difference Between Income and Expenditure Account and Profit and Loss Account.
- Preparation of Income and Expenditure Account
- Feature of Income and Expenditure Account
- Preparation of Balance Sheet
- Some Peculiar Items
- Income and Expenditure Account Based on Trial Balance
Accounting for Partnership : Basic Concepts
Reconstitution of a Partnership Firm – Admission of a Partner
- Modes of Reconstitution of a Partnership Firm
- Admission of a New Partner
- Retirement and Death of a Partner - Calculation of New Profit Sharing Ratio
- Retirement and Death of a Partner - Sacrificing Ratio
- Concept of Goodwill
- Adjustment for Accumulated Profits and Losses
- Accounting for Revaluation of Assets and Reassessment of Liabilities
- Admission of a Partner - Adjustment of Capitals
- Change in Profit Sharing Ratio Among the Existing Partners
- Admission of a Partner - Treatment of Goodwill
- Retirement Or Death of a Partner - Treatment of Goodwill
- Factors Affecting Goodwill
- Methods of Valuation of Goodwill
- Treatment of Goodwill
Reconstitution of a Partnership Firm – Retirement/Death of a Partner
- Ascertaining the Amount Due to Retiring/Deceased Partner
- Retirement and Death of a Partner - Calculation of New Profit Sharing Ratio
- Retirement and Death of a Partner - Gaining Ratio
- Concept of Goodwill
- Retirement or Death of a Partner - Revaluation of Assets and Liabilities
- Retirement or Death of a Partner - Adjustment of Accumulated Profits and Losses
- Disposal of Amount Due to Retiring Partner
- Adjustment of Partners’ Capitals
- Meaning of Retirement or Death of a Partner
Dissolution of Partnership Firm
Spreadsheet
- Introduction to Spreadsheet
- Basic Concepts of Spreadsheet
- Labels
- Formulas
- Functions
- Other Useful Functions
- Date and Time Function
- Mathematical Function
- Text Manipulation Function
- Logical Function
- Lookup and References Function
- Financial Functions
- Data Entry, Text Management and Cell Formatting
- Data Entry
- Data Validation
- Data Validation Form
- 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
Accountancy II : Company Accounts and Analysis of Financial Statements
Accounting for Share Capital
Issue and Redemption of Debentures
- Meaning of Debentures
- Distinction Between Shares and Debentures
- Types of Debentures
- Issue of Debentures
- Over Subscription of Shares
- Issue of Debentures for Consideration Other than Cash
- Issue of Debentures as Collateral Security for a Loan
- Issue of Debentures with Terms of Redemption
- Interest on Debentures
- Writing off Discount/Loss on Issue of Debentures
- Redemption of Debentures
Financial Statements of a Company
Analysis of Financial Statements
Accounting Ratios
Cash Flow Statement
- Concept of Cash Flow Statement
- Benefits of Cash Flow Statement
- Cash and Cash Equivalents
- Classification of Activities for the Preparation of Cash Flow Statement
- Ascertaining Cash Flow from Operating Activities
- Ascertainment of Cash Flow from Investing and Financing Activities
- Preparation of Cash Flow Statement
Accounting for Partnership Firms and Companies
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
- Application in Generating Accounting Information - Ratio Analysis
Accounting for Partnership Firms
- Meaning and Definitions of Partnership and Partnership Deed
- The Indian Partnership Act 1932
- Methods of Capital Accounts - Fixed and Fluctuating Capital Method
- Preparation of Profit and Loss Appropriation Account
- Division of Profit Among Partners
- Guarantee of Profits to a Partner
- Concept of Goodwill
- Factors Affecting Goodwill
- Accounting for Partnership Firms - Reconstitution and Dissolution
- Change in the Profit Sharing Ratio Among the Existing Partners
- Admission of a Partner - Sacrifice Ratio and New Ratio
- Change in the Profit Sharing Ratio Among the Existing Partners - Treatment of Reserves and Accumulated Profits
- Accounting for Revaluation of Assets and Reassessment of Liabilities
- Preparation of Revaluation Account and Balance Sheet
- Effect of Admission of a Partner on Change in the Profit Sharing Ratio
- Admission of a Partner - Treatment of Goodwill
- Change in the Profit Sharing Ratio Among the Existing Partners - Gaining Ratio
- Admission of a Partner - Revaluation of Assets and Liabilities
- Admission of a Partner - Treatment of Reserves and Accumulated Profits
- Admission of a Partner - Adjustment of Capitals
- Admission of a Partner - Preparation of Balance Sheet
- Retirement and Death of a Partner - Effect of Retirement I Death of a Partner on Change in Profit Sharing Ratio
- Retirement Or Death of a Partner - Treatment of Goodwill
- Retirement or Death of a Partner - Revaluation of Assets and Liabilities
- Retirement Or Death of a Partner - Adjustment of Accumulated Profits and Reserves
- Retirement Or Death of a Partner - Adjustment of Capitals
- Retirement and Death of a Partner - Preparation of Balance Sheet
- Retirement Or Death of a Partner - Preparation of Loan Account of the Retiring Partner
- Calculation of Deceased Partner's Share of Profit Till the Date of Death
- Preparation of Deceased Partner's Capital Account, Executor's Account
- Dissolution of Partnership Firm
- Types of Dissolution of a Firm
- Dissolution of a Partnership Firm - Settlement of Accounts
- Dissolution of a Partnership Firm - Preparation of Realization Account, and Other Related Accounts
- Past adjustments
Accounting for Companies
- Accounting for Companies - Introduction
- Theory on Shares
- Types of Shares - Preference Shares Equity Shares
- Accounting for Share Capital
- Nature and Types of Share and Share Capital
- Share Capital - Issue and Allotment of Equity Shares
- Employee Stock Option Plan (ESOP)
- Private Placement of Shares
- Public Subscription of Shares
- Over Subscription of Shares
- Under Subscription of Shares
- Issue at Par and Premium and at Discount
- Calls in Advance and Arrears
- Issue of Shares for Consideration Other than Cash
- Accounting Treatment of Forfeiture and Re-issue of Share
- Pro-rata Allotment
- Disclosure of Share Capital in Company’s Balance Sheet (Horizontal Form)
- Concept of Private Placement
- Meaning and Concept of Debentures
- Issue of Debentures at Par at Premium and at Discount
- Issue of Debentures for Consideration Other than Cash
- Issue of Debentures with Terms of Redemption
- Issue of Debentures as Collateral Security for a Loan
- 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
- Meaning of Redemption of Debentures
Graphs and Charts for Business Data
Financial Statement Analysis
Analysis of Financial Statements
- Financial Statements of a Company
- Statement of Profit and Loss and Balance Sheet in the Prescribed Form with Major Headings and Sub Headings
- Concept of Financial Statement Analysis
- Comparative Statements
- Common Size Statements
- Cash Flow Analysis
- Ratio Analysis and its Types
- Concept of Accounting Ratios
- Liquidity Ratios
- Solvency Ratios - Debt to Equity Ratio
- Solvency Ratios - Debt to Total Assets Ratio
- Solvency Ratios - Proprietary Ratio
- Solvency Ratios - Interest Coverage Ratio
- Activity Ratios - Inventory Turnover Ratio
- Activity Ratios - Trade Receivables Turnover Ratio
- Activity Ratios - Trade Payables Turnover Ratio
- Activity Ratios - Working Capital Turnover Ratio
- Profltabtltty Ratios - Gross Profit Ratio
- Profitability Ratios - Net Profit Ratio
- Profitability Ratios - Operating Ratio
- Profitability Ratios - Operating Profit Ratio
- Profitability Ratios - Earning per Share
- Profitability Ratios - Price Earning Ratio
- Profitability Ratios - Return on Investment
Cash Flow Statement
Accountancy : Computerised Accounting System
Data Base Management System for Accounting
- Introduction Data Base Management System for Accounting
- Database Management System (DBMS)
- 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
- Preparation of Balance sheet from receipt and payment account with additional information
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Related QuestionsVIEW ALL [7]
How are the following dealt with while preparing the final accounts of a club?
| TRIAL BALANCE as at 31st March, 2019 |
||
| Particulars |
Dr.(₹)
|
Cr. (₹) |
| Match Fund | ........ | 80,000 |
| Match Fund Investments | 72,000 | ......... |
| Match Fund Bank Balance | 35,000 | ....... |
| Interest on Match Fund Investments | ......... | 2880 |
| Match Expenses | 5,500 | ......... |
How are the following dealt with while preparing the final accounts for the year ended 31st , 2019?
| RECEIPTS AND PAYMENTS ACCOUNT (AN EXTRACT) for the year ended 31st March, 2019 |
||||
| Dr. | Cr. | |||
| Receipts | ₹ | Payments | ₹ | |
| By Payments for Sports Material | 1,40,000 | |||
| BALANCE SHEET (AN EXTRACT) as at 1st April, 2018 |
||||
|
Liabilities |
₹ |
Assets |
₹ | |
| Creditors for Sports Materials | 6,000 | Sports Materials | 8,000 | |
Additional information :
Sports Materials in Hand on 31st March, 2019 – ₹ 22,000.
From the following information of a Not-for-Profit Organisation, show the 'Sports Materials' item in the Income and Expenditure Account for the year ended 31st March, 2019 and Balance Sheets as at 31st March, 2018 and 31st March, 2019:
| Particulars | 31st March, 2018 ₹ |
31st March, 2019 ₹ |
| Stocks of Sports Materials | 6,200 | 4,800 |
| Creditors for Sports Materials | 9,800 | 7,200 |
| Advance to Suppliers for Sports Materials | 11,000 | 19,000 |
Payment to suppliers for Sports Materials during the year was ₹ 1,02,000. There were no cash purchases made.
Following is the Receipt and Payment Account of Indian Sports Club, prepared Income and Expenditure Account, Balance Sheet as on December 31, 2017:
Receipt and Payment Account
for the year ending December 31, 2017
| Receipts | Amount (Rs) | Payments | Amount (Rs) |
| Balance b/d | 7,890 | Salary | 11,000 |
| Subscriptions | 52,000 | Electric charges | 5,500 |
| Life member ship fee | 2,200 | Billiard Table | 17,500 |
| Entrance fee |
3,200 |
Office expenses | 4,100 |
| Tournament fund | 26,000 | Printing and Stationery | 2,300 |
| Locker Rent | 1,250 | Tournament expenses | 18,500 |
| Sale of old sports goods (Costing Rs 2,200) | 2,500 | Repair of ground | 2,000 |
| Sale of Old Newspaper |
750 |
Furniture purchased | 7,700 |
| Legacy |
37,500 |
Sports equipments | 12,000 |
| Cash in Hand | 12,690 | ||
| Cash at Bank | 10,000 | ||
| Fixed Deposit (on 1.10.17 for 10% p.a) | 30,000 | ||
| 133290 | 133290 |
Other Information:
Subscription outstanding was on December 31, 2016 Rs 1,200 and Rs 3,200 on December 31, 2017. Locker rent outstanding on December 31, 2017 Rs 250. Salary outstanding on December 31, 2017 Rs 1,000.
On January 1, 2017, club has Building Rs 36,000, furniture Rs 12,000, Sports equipments Rs 17,500. Depreciation charged on these items @ 10% (including Purchase).
How are the following items shown in the accounts of a Not-for-Profit Organisation ?
| Rs. | |
| Tournament Fund | 50,000 |
| Tournament Expenses | 15,000 |
| Receipts from Tournament | 20,000 |
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