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Chapter 1 - Fundamentals of Accounting
Need and Importance of Accounting
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Book Keeping and objectives
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Advantages of Book Keeping
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Accounting and Objectives
4 Accounting and Objectives
Accounting Process
5 Accounting Process
Accounting Cycle
6 Accounting Cycle
Accountancy Accounting Book keeping
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Relationship Between Accountancy, Accounting & Book Keeping
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Difference Between Accounting & Book Keeping
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Users of Accounting Information
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Branches of Accounting
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Transaction
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Capital
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Assets
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Liabilities
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Drawings
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Debtors
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Creditors
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Purchase & Purchase Returns
1227 cfa1227
Sales & Sales Returns
1229 cfa1229
Voucher
1231 cfa1231
Invoice
1233 cfa1233
Revenue & Expenses
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Stocks
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Account
1239 cfa1239
Double Entry System Introduction
24 Double Entry System Introduction
Double Entry Features
25 Double Entry Features
Classification of Accounts
26 Classification of Accounts
Eg for classification of accounts
27 Eg for classification of accounts
Golden Rules of accounting
28 Golden Rules of accounting
Basic Accounting Procedures
29 Basic Accounting Procedures Final
Cash Memo and Invoice
30 Cash Memo and Invoice
Receipt
31 Receipt
Debit and Credit Notes
32 Debit and Credit Notes
Pay in Slip and Cheque
33 Pay in Slip and Cheque
Voucher
34 Voucher
Accounting Equation
35 Accounting Equation
Accounting Equation (Talking Head)
Accounting Equation
Accounting Equation simple eg
36 Accounting Equation simple eg
Accounting Equation Comprehensive Example
37 Accounting Equation Comprehensive Example
Rules for Debiting and Crediting
38 Rules for Debiting and Crediting
Debit Credit Rule
DCR
Basic Assumptions in Accounting
21 Basic Assumptions in Accounting
Basic Concepts in Accounting
22 Basic Concepts in Accounting
Fundamental Principles of Accounting
23 Fundamental Principles of Accounting
Case study on Cash, Accrual and Hybrid Basis Accounts
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Problem 1Identify Capital or Revenue Transactions
1856
Problem 2 Identify Capital or Revenue Transactions
1857
Problem 3 Identify Capital or Revenue Transactions
1858
Problem 4 Identify Capital or Revenue Transactions
1859
Problem 5 Identify Capital or Revenue Transactions
1860
Problem 6 Identify Capital or Revenue Transactions
1861
Problem 7 Identify Capital or Revenue Transactions
1872
Problem 8 Identify Capital or Revenue Transactions
1873
MCQ on Capital / Revenue Transactions
1874
Depreciation Introduction
1 da1
Straight Line Method of Depreciation
2 da2
Problem 1 Straight Line Method of Depreciation
3 da3
Problem 2 Straight Line Method of Depreciation
4 da4
Machine Hour Depreciation Method and Problem
5 da5
Production Units Method of Depreciation and Problem
6 da6
Depletion Method of Depreciation and Problem
7 da7
Written Down Value Method
8 DA8
Errors in Accounting
76 Errors in Accounting
Error of Principle
77 Error of Principle
Error of Omission
78 Error of Omission
Error of Commission
79 Error of Commission
Compensating Errors
80 Compensating Errors
Errors and Trial Balance
81 Errors annd Trial Balance
Case Study on Errors and effect on Trial Balance
82 Case Study on Errors and effect on TB
Steps to Locate Errors
83 Steps to Locate Errors
Suspense Account
84 Suspense Account
Case Study Suspense Acount
85 Case Study Suspense Acount
Rectification of Errors
86 Rectification of Errors
Case Study 1 Rectification of Errors
87 Case Study 1 Rectification of Errors
Case Study 2 Rectification of Errors
88 Case Study 2 Rectification of Errors
Case Study 3 Rectification of Errors
89 Case Study 3 Rectification of Errors
Case Study 4 Rectification of Errors
90 Case Study 4 Rectification of Errors
Case Study 5 Rectification of Errors
91 Case Study 5 Rectification of Errors
Case Study 6 Rectification of Errors - Copy
92 Case Study 6 Rectification of Errors - Copy
Case Study 7 Rectification with Suspense AC
93 Case Study 7 Rectification with Suspense AC
Chapter - 2 Accounting for Special Transactions
Introduction to Bills of Exchange
1 be1
Accounting Aspects in Bills of Exchange
2 be2
Methods of Drawing Bills of exchnage
be3
Computation of Bill Due Date
4 be4
Endorsement of Bill of Exchange
5 be5
Problem on Endorsement of Bill of Exchange
6 be6
Discounting of Bill
7 be7
Problem on Discounting of Bill
8 be8
Retirement of Bill
9 be9
Problem on Retirement of Bill
10 be10
Dishonour of Bill
11 be11
Problem on Dishonour of Bill
12 be12
Dishonour of Bill - Different Scenarios
be13
Renewal of Bill of Exchange
14 be14
Problem 1 on Renewal of Bill of Exchange
15 be15
Problem 2 on Renewal of Bill of Exchange
16 be16
Insolvency of Customer
17 be17
Problem on Insolvency of Customer
18 be18
Consignment Accounting Introduction
1 ca1
Accountiong Aspects in Consignment
2 ca2
Accounting Entries in books of consignor
3 ca3
Consignment Accounting Problem 1
4 ca4
Consignment Accounting Problem 2
5 ca5
Consignment Accounting Problem 3
6 ca6
Accounting Entries in the Book of Consignee
7 ca7
Consignment Account Problem 4
ca8
Consignment Account Problem 5 (Goods Lost in Fire)
9 ca9
Consignment Account Problem 6
10 ca10
Normal Loss
11 ca11
Consignment Problem 7 with Normal Loss
ca12
Consignment Problem 8 Computation of Cost and Invoice Price
13 ca13
Consignment Problem 9 Computation of Profit Percentage on Cost and Selling Price
14 ca14
Consignment Problem 10 Computation of Invoice Value of Goods Sent Out
ca15
Consignment Problem 11 Computation of Abnormal Loss
16 ca16
Consignment Problem 12 With Del Credre Commission and Bad Debts
17 ca17
Consignment Problem 13 Computation of Commission
18 ca18
Consignment Problem 14 Computation of Commission
19 ca19
Consignment Problem 15 Computation of Stock Reserve
20 ca20
Joint Venture Introduction
16 jv1
Separate set of Books Method
17 jv2
Problem 1 Separate set of Books Method
18 jv3
Problem 2 Separate set of Books Method
19 jv4
No Separate Set of Books Maintained
jv5
Problem 1 No Separate Set of Books Maintained
21 jv6
Problem 2 No Separate Set of Books Maintained
22 jv7
Memorandum Joint Venture A/c Method
23 jv8
Problem 1 Memorandum Joint Venture A/c Method
24 jv9
Insurance Claim Problem 1
8 ic1
Insurance Claim Problem 2
9 ic2
Insurance Claim Problem 3
10 ic3
Insurance Claim Problem 4
11 ic4
Insurance Claim for loss of Profit Part 1
12 ic5
Insurance Claim for loss of Profit Part 2
13 ic6
Insurance Claim for loss of Profit Problem 1
14 ic7
Insurance Claim for loss of Profit Problem 2
15 ic8
Chapter -3 Preparation of Financial Statements of Profit Oriented Organisations
Introduction to Final Accounts of Sole Proprietors
1 FASP1
Introduction to Final Accounts of Non Manufacturing Entities
2 FASP2
Income Statement and Position Statement
3 FASP3
Preparation of Final Accounts - fundamental aspects
4 FASP4
Inter-relationship between two statements
5 FASP5
Matching Principle
6 FASP6
Exceptions to Matching Principle
7 FASP7
Trading Account
8 FASP8
Trading Account Items
9 FASP9
Closing entries in Trading Account
10 FASP10
Trading Account Case Study 1
11 FASP11
Trading Account Closing Entries Case Study 2
12 FASP12
Profit and Loss Account
13 FASP13
Treatment of Specific items
14 FASP14
Closing entries related to Profit and Loss account
15 FASP15
Profit and Loss Account Case Study 3
16 FASP16
Adjustments in Final Accounts
17 FASP17
Provision for Doubtful Debts Case Study 4
18 FASP18
Other Adjustments in Final Accounts
19 FASP19
Abnormal Loss of Inventory by accident or fire
20 FASP20
Goods Sent on Approval Basis
21 FASP21
Goods used other than for Sale
22 FASP22
Accounting Entry for Sales Tax
23 FASP23
Commission based on Profit
24 FASP24
Preparation of Final Accounts - Case Study 5
25 FASP25
Arrangements of Assets and Liabilities
26 FASP26
Classifications of Assets and Liabilities
27 FASP27
Preparation of Balance Sheet - Case Study 6
28 FASP28
Preparation of Revised P&L and Balance Sheet - Case Study 7
FASP29
Determination of Outstanding Salaries and related adjustments
30 FASP30
Opening Entry and Case Study
31 FASP31
Provisions and Reserves
32 FASP32
Provisions and Reserves Case Study 8
33 FASP33
Final Accounts of Manufacturing Entities - Introduction
34 FASP34
Manufacturing Cost
35 FASP35
Direct Manufacturing Expenses
36 FASP36
Indirect Manufacturing Expenses
37 FASP37
By Products
38 FASP38
Structure of Manufacturing Account
39 FASP39
Manufacturing Account Case Study 8
40 FASP40
Manufacturing Account Case Study 9
41 FASP41
Chapter - 4 Preparation of Financial Statements of Not for Profit Organisations
Introduction to Accounting for Non Profit Organisations
1 NPO1
Nature of Receipts and Payment Account
2 NPO2
Case 1 Receipts and Payment Account
3 NPO3
Income and Expenditure Account
4 NPO4
Main Sources of Income
5 NPO5
Difference between Receipts and Payments Account
6 NPO6
Preparation of Income and Expenditure Account from Receipts and Payments Account
7 NPO7
Case 2 Subscription Accounting in Income and Expenditure Account
8 NPO8
Case 3 Salaries Accounting in Income and Expenditure Account
9 NPO9
Accounting treatment of Donations
10 NPO10
Accounting treatment of Entrance and Admission Fees
NPO11
Accounting for Subscriptions
12 NPO12
Accounting for life members fees
13 NPO13
Case 4 Preparation of Income and Expenditure Account and Balance Sheet
14 NPO14
Case 5 Preparation of Income and Expenditure Account and Balance Sheet
15 NPO15
Case 6 Preparation of Receipts and Payment Account and Subscription Account
NPO16
Chapter - 5 Preparation of Financial Statements from Incomplete Records
Introduction to Single Entry System
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Features of Single Entry System
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Types of Single Entry
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Techniques of obtaining complete accounting information
5665
Derivation of Information from Cash Book
5666
Analysis of Sales Ledger & Purchase Ledger
5667
Distinction between Business Expenses & Drawings
5668
Fresh Investment by Proprietors / Partners
5669
Methods of Capital Comparison
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Difference between Statement of Affairs and Balance Sheet
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Statement of Affairs & Profit Computation Case 1
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Statement of Affairs & Profit Computation Case 2
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Suppressed Income Case 3
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Case Study - Prepare Trading P&L and Balance Sheet
5670
Chapter - 6 Partnership
Partnership and Appropriation of Profits
9 CFA9
Fixed Capital and Fluctuating Capital
10 CFA10
Appropriation of Profits
11 CFA11
Fixed Capital and Fluctuating Capital Format
12 CFA12
Case 1 Fixed and Fluctuating Capital Method
13 CFA13
Difference between Fixed Capital and Fluctuating Capital Method
14 CFA14
Case 2 Fluctuating Capital Method
15 CFA15
Case 3 Fixed Capital Method
CFA16
Accounting Treatment for Interest on Capital
17 CFA17
Case 4 Interest on Capital
18 CFA18
Calculation of Interest on Drawings
19 CFA19
Case 1 Interest on Drawings
20 CFA20
Case 2 Comprehensive Case Study Interest on Drawings and other adjustments
21 CFA21
Case 3 Interest on Drawings uniformly at the end of every quarter
22 CFA22
Case 4 Interest on Drawings and Adjustment Entry
CFA23
Case 5 Adjustment for Wrong Distribution of Profits
24 CFA24
Guaranteed Partnership - Guarantee by One Partner
25 CFA25
Case 6 Guarantee by One Partner
26 CFA26
Guarantee given by Firm
27 CFA27
Case 7 Guarantee by Firm
28 CFA28
Case 8 Cross Guarantee
29 CFA29
Case 9 Guarantee by One Partner
30 CFA30
Case 10 Gurantee with retrospective effect
31 CFA31
Adjustments at the time of admission of new partner
32 CFA32
Adjustments regarding Profit Sharing Ratio and Case Study 11
33 CFA33
Adjustments regarding Profit Sharing Ratio and Case Study 12
34 CFA34
Sacrifice only by few Partners and New Profit Sharing Ratio Case Study 13
35 CFA35
Adjustment regarding Valuation of Assets and Liabilities - Revaluation Method
36 CFA36
Adjustment regarding Valuation of Assets and Liabilities - Memorandum Revaluation Method
37 CFA37
Goodwill
38 CFA38
Various Scenarios for Accounting treatment of Goodwill
39 CFA39
Valuation methods of Inherent Goodwill
40 CFA40
Average Profits Method
41 CFA41
Super Profits Method
42 CFA42
Capitalisation of Profits Method
43 CFA43
Annuity Method
44 CFA44
Valuation of Goodwill Case Study 14
45 CFA45
Valuation of Goodwill Super Profit Method Case Study 15
46 CFA46
New Partner cannot pay premium and Goodwill account is raised Case 16
47 CFA47
New Partner pays for Goodwill but Goodwill appearing in Balance Sheet in Full Value Case 17
48 CFA48
Premium for Goodwill Paid Privately Case 18
49 CFA49
Premium for Goodwill in True Sense
50 CFA50
Adjustment for Accumulated Profits Losses
51 CFA51
Adjustment Regarding Capital
52 CFA52
Case 19 Adjustment Regarding Capital
53 CFA53
Case 20 Adjustment Regarding Capital
54 CFA54
Case 21 Adjustment Regarding Capital
55 CFA55
Case 22 Adjustment Regarding Capital using Memorandum Revaluation Ac
56 CFA56
Case 23 Adjustment Regarding Capital
57 CFA57
Retirement of Partner
58 CFA58
Case 24 Retirement of Partner
59 CFA59
Rights to Share of Profit after Retirement
60 CFA60
Case 25 Right to Share of Profit after Retirement
61 CFA61
Case 26 Right to Share of Profit after Retirement
CFA62
Death of Partner and Accounting Implications
63 CFA63
Accounting treatment for Joint Life Policy
64 CFA64
Case 27 Accounting treatment for JLP
65 CFA65
Dissolution of Partnership Firm
66 CFA66
Settlement of Accounts on Dissolution
67 CFA67
Realisation of Assets and Liabilities
68 CFA68
Settlement of Dues of the Partners
69 CFA69
Case 28 Settlement of Dues to the Partners
70 CFA70
Case 29 Settlement of Dues to the Partners
71 CFA71
Insolvency of Partner
72 CFA72
Highest Relative Capital Method
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Case 1 Highest Relative Capital Method
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Case 2 Highest Relative Capital Method
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Case 3 Highest Relative Capital Method
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Chapter - 7 Self Balancing Ledger
Introduction to Self Balancing Ledger System
4 sb4
Self Balancing Ledger Problem 1
1 sb1
Self Balancing Ledger Problem 2
2 sb2
Self Balancing Ledger Problem 3
3 sb3
Contra Transactions
5 sb5
Entries to be Passed in Credit purchase
6 sb6
Self Balancing Ledger Problem 4
7 sb7
Transfer entries
8 sb8
self Balancing Ledger Problem 5
9 sb9
self Balancing Ledger Problem 6
10 sb10
self Balancing Ledger Problem 7
11 sb11
Chapter 8 - Royalties
What is Royalty
3 RA3
What is Minimum Rent Dead Rent in Royalty
4 RA4
Short workings Excess Workings and Ground Rent
5 RA5
Recoupment of Shortworkings
6 RA6
Accounting treatment of Shortworkings
8 RA8
Accounting entries in the books of lessee licence
7 RA7
Case Study 1 - Royalty Account - with Shortworking Adjustments
1 RA1
Case Study 2 - Royalty Account -with Shortworking Adjustments
2 RA2
Chapter - 9 Hire Purchase and Installment System
Hire Purchase and Installment sale
1 hp1
situation I - When Rate of Interest, Cash Price & Interest given
2 hp2
Situation II-When Rate of Int. & Inst. given but cash price not given
3 hp3
Situation III-When only Inst. are given but cash price & rate of Int. not given
4 hp4
Situation IV-Ref. to annuity table,rate of Int.&inst. given but not cash price
5 hp5
Accounting Treatment in Hire Purchaser Books
6 hp6
Accounting effect of HP default and Repossession
7 hp7
Case Study - Hire Purchase Default and Repossession
8 hp8
Case Study - Hire Purchase Default and Partial Repossession
9 hp9
Chapter 10 -Branch and Departmental Accounts
Introduction to Branch Accounts
IBA and Promo
Dependent Branches and Features
1 DBF
Accounting for Dependent Branches
2
Debtors system
3 DS
Accounting Entries Debtors System
4 AEDS
Dependent Branches Problem 1
5 DBP1
Dependent Branches Problem 2
6 DBP2
Dependent Branches Problem 3
8 DBP3
Dependent Branches Problem 4
9 DBP4
Dependent Branches Problem 5
10 DBP5
Goods invoiced at SP to Branches & Its Accounting Aspects
11 GISPAA
Dependent Branches Problem 6 (invoice @ SP)
12 DBP6
Dependent Branches Problem 7 (invoice @ SP)
13 DBP7
Dependent Branches Problem 8 (invoice @ SP)
14 DBP8
Stock and Debtors system
15 SDS
Problem 9 Stock and Debtors System
SDS9
Problem 10 Stock and Debtors System
17 SDS10
Problem 11 Stock and Debtors System
18 SDS11
Final Accounts Method
19 fam
Problem 12 Branch Trading & P&L Ac (cost)
20 famp1
Problem 13 Branch Trading Ac (Invoice Price)
21 famp2
Problem 14 Branch Trading P&L Ac (Invoice Price)
22 famp3
Problem 15 on stock and Debtors system
23 PSDS
Problem 16 Stock and Debtors System
24 PSDS16
Whole Sale Branch system
25 wsbs
Problem 17 Whole Sale Branch system
26 P17WSBS
Problem 18 Whole Sale Branch system
27 p18wsbs
Problem 19 Whole Sale Branch system
28 P19WSBS
Independent Branches Introduction
29 ibi
Independent Branches Accounting Entry Part 1
30 ibi1
Independent Branches Accounting Entry Part 2
31 ibi2
Independent Branches Problem 20
32 ibi4
Independent Branches Problem 21
33 ibi5
Independent Branches Problem 22
34 ibi6
Independent Branches Problem 23
35 ibi7
Incorporation of Branch Trial Balance
36 ibt
Incorporation of Branch Trial Balance Problem 24
37 ibt2
How to Close Books of Branches
38 ibt3
Closure of Branch books Problem 25
ibt4
Closure of Branch books Problem 26
40 ibt5
Closure of Branch books Problem 27
41 ibt6
Case Study Branch Account Gross Profit
805 cfa805 illus9 8.23
Case Study Stock & Debtors Method
806 cfa806 illus10 sm 8.24
Case Study Debtors method and Final Accounts
807 cfa807 illu11pm 8.26
Integral and Non Integral Foregin Branch
808 cfa808
Indicators of Non Integral Foreign Operation
809 cfa809
Techniques for Foreign Currency Translation Integral Foreign Operation
810 cfa810
Techniques for Foreign Currency Translation Non Integral Foreign Operation
811 cfa811
Case 1 Integral Foreign Operation Trial Balance
812 cfa812
Case 2 Integral Foreign Operation P&L and Balance Sheet
813 cfa813
Departmental Accounts Introduction
42 da1
Apportionment of Expenses
43 da2
Departmental Accounts Problem 1
44 da3
Departmental Accounts Problem 2
45 da4
Inter Departmental Transfers
46 da5
Inter Departmental Transfers Problem 3
47 da6
Inter Departmental Transfers Problem 4
48 da7
Inter Departmental Transfers Problem 5
49 da8
Inter Departmental Transfers Problem 6
50 da9
Departmental Accounts Problem 7
10 DPA10
Departmental Accounts Problem 8
DPA11
Departmental Accounts Problem 9
12 DPA12
Case Study Departmental Trading and P&L Account
814 cfa814
Case Study Departmental Trading and P&L Account (with Stock Adjustment and Profit
815 cfa815
Chapter 11 - Computerised Accounting System
Introduction to Computerised Accounting System
671 cfa671
Significance of Computerised Accounting System'
672 cfa672
Codification and Grouping of Accounts
673 cfa673
Maintaining the Hierarchy of Ledgers
674 cfa674
Accounting Packages
675 cfa675
Spread sheet Advantages and Disadvantages
676 cfa676
Prepackaged Accounting Softwares
677 cfa677
Advantages and Disadvantages of Prepackaged Accounting Software
678 cfa678
Consideration for selection of Pre-packaged Accounting Software
679 cfa679
Chapter 12 - Accounting Standards
Introduction to AS 1 Disclosure of Accounting Policies
1268 cfa1268
Fundamental Accounting Assumptions
1269 cfa1269
Accounting Policies
1270 cfa1270
Going Concern Assumption Case Study
1271 cfa1271
AS 2 Introduction
1293 cfa1293
Items excluded from scope of AS 2
1294 cfa1294
Types of Inventory
1295 cfa1295
Inventory cost ascertainment
1296 cfa1296
Valuation of Inventory
1297 cfa1297
Measurement of Inventory
1298 cfa1298
Cost of Inventory
1299 cfa1299
Joint Products or Byproducts
1300 cfa1300
Cost Formula
1301 cfa1301
Other Techniques of Cost Measurement
1302 cfa1302
Net Realisable Value
1303 cfa1303
Disclosure Requirements
1304 cfa1304
Value of Inventory Case Study
1272 cfa1272
Treatment of Fixed Overheads Case Study
1273 cfa1273
Computation of Cost of Inventory Case Study
1274 cfa1274
Valuation of Inventory Net Realiable Value Item by Item Basis Case Study
1275 cfa1275
Treatment of Normal and Abnormal Loss and Valuation of Inventory Case Study
1276 cfa1276
Treatment of Production Overheads in Valuation of Inventory Case Study
1277 cfa1277
Construction Contract and its Type
1 coc1
