Accounting for CA Inter Paper 1 (Module 1)
Instructor: CA N Raja
Validity Period: 10000 days
Welcome to this course Accounting for CA Inter Paper 1 (Module 1)
Who should take this course?
This course is meant for students preparing for Chartered Accountancy Inter Examinations. This course topics of Module 1 of Paper 1 Accounting.
Why you should take this course?
By taking this course, you will be able to have complete coverage of Module 1 topics with lot many case studies to solve. Approaching complex topics through case studies is the best way to understand them and you will find lot many in this course.
What you will learn by taking this course?
This is a comprehensive course, covering each and every topic in detail. In this course,you will learn Module 1 topics explaining concepts, theories, and techniques which deals with conceptual frame work.
a) Introduction to Accounting Standards
b) Framework for preparation and presentation of financial statements.
c) Overview of Accounting Standards.
How this course is structured?
This course is structured in self paced learning style. Each and every section of this course is broken down as various micro lectures and then they are substantiated with examples and case studies. You'll gain authority on each and every topic as i take you through lectures one by one. This course is presented in simple language with examples. This course has video lectures (with writings on Black / Green Board / Note book / Talking head, etc). You would feel you are attending a real class.
What are the pre-requisites for taking this course?
You should have basic knowledge of Accounting. You would require good internet connection for interruption free learning process.
How this course will benefit you?
At the end of the course, you will be able to solve above advanced concepts, case studies in Accounting Module 1 Topics at ease with high level of confidence. This course will equip you for approaching CA Inter Examination with confidence as well hand real life problems with clarity.
|Chapter 1 Introduction to Accounting Standards|
|What are Accounting Standards?|
|Advantages of Accounting Standards|
|Need for convergence of AS with IFRS|
|Convergence to IFRS in India|
|What is Ind AS?|
|What are Carve Outs and Carve Ins in Ind AS?|
|Implementation of Ind AS for Companies|
|Implementation of Ind AS for NBFC, Scheduled Commercial Banks, Insurers / Insura|
|Status of Accounting Standards|
|What is IFRS and benefit of convergence?|
|Chapter 2 Framework for Preparation and Presentation of Financial Statements|
|Intro to fundamental accounting assumptions|
|Going Concern Assumption|
|Accrual Basis Assumption|
|Components of Financial Statements|
|Elements of Financial Statements|
|Objectives and Users of Financial Statements|
|Recognition of asset and liability - example|
|What is Asset?|
|What is Equity?|
|What is Liability|
|What is Expense?|
|What is Income?|
|Current Cost Convention|
|Measurement of elements of Financial Statements|
|What is Historical Cost?|
|Present Value Convention|
|Concept of Capital Maintenance|
|Financial Capital Maintenance at Historical Cost|
|Physical Capital Maintenance at Current Cost|
|Chapter 3 AS 1 DISCLOSURE OF ACCOUNTING POLICIES|
|Introduction to AS 1 Disclosure of Accounting Policies|
|Fundamental Accounting Assumptions|
|Going Concern Assumption Case Study|
|Chapter 4 AS 2 VALUATION OF INVENTORY|
|AS 2 Introduction|
|Items excluded from scope of AS 2|
|Types of Inventory|
|Inventory cost ascertainment|
|Valuation of Inventory|
|Measurement of Inventory|
|Cost of Inventory|
|Joint Products or Byproducts|
|Other Techniques of Cost Measurement|
|Net Realisable Value|
|Value of Inventory Case Study|
|Treatment of Fixed Overheads Case Study|
|Computation of Cost of Inventory Case Study|
|Valuation of Inventory Net Realiable Value Item by Item Basis Case Study|
|Treatment of Normal and Abnormal Loss and Valuation of Inventory Case Study|
|Treatment of Production Overheads in Valuation of Inventory Case Study|
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