Accounting for CA Inter Paper 1 (Module 1)

Paper 1 : Accounting (Part 1/3)

Instructor: CA N Raja

Language: English

Description
Course Content
How to Use

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.

See you inside this Course

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	Chapter 1 Introduction to Accounting Standards
		What are Accounting Standards?
		2939.mp4
		Advantages of Accounting Standards
		2945.mp4
		Need for convergence of AS with IFRS
		2979.mp4
		Convergence to IFRS in India
		2998.mp4
		What is Ind AS?
		2739.mp4
		What are Carve Outs and Carve Ins in Ind AS?
		2740.mp4
		Implementation of Ind AS for Companies
		2741.mp4
		Implementation of Ind AS for NBFC, Scheduled Commercial Banks, Insurers / Insura
		2742.mp4
		Status of Accounting Standards
		2977.mp4
		What is IFRS and benefit of convergence?
		2980.mp4
	Chapter 2 Framework for Preparation and Presentation of Financial Statements
		Intro to fundamental accounting assumptions
		3017.mp4
		Going Concern Assumption
		3025.mp4
		Accrual Basis Assumption
		3026.mp4
		Components of Financial Statements
		3023.mp4
		Elements of Financial Statements
		3027
		Objectives and Users of Financial Statements
		3024.mp4
		Recognition of asset and liability - example
		3018.mp4
		What is Asset?
		3041.mp4
		What is Equity?
		3042.mp4
		What is Liability
		3045.mp4
		What is Expense?
		3046.mp4
		What is Income?
		3048.mp4
		Current Cost Convention
		3047.mp4
		Realisable Value
		3049.mp4
		Measurement of elements of Financial Statements
		3060.mp4
		What is Historical Cost?
		3061.mp4
		Present Value Convention
		3064.mp4
		Concept of Capital Maintenance
		3071.mp4
		Financial Capital Maintenance at Historical Cost
		3072.mp4
		Physical Capital Maintenance at Current Cost
		3087.mp4
	Chapter 3 AS 1 DISCLOSURE OF ACCOUNTING POLICIES
		Introduction to AS 1 Disclosure of Accounting Policies
		2437
		Fundamental Accounting Assumptions
		1269 cfa1269.mp4
		Accounting Policies
		1270 cfa1270.mp4
		Going Concern Assumption Case Study
		1271 cfa1271.mp4
	Chapter 4 AS 2 VALUATION OF INVENTORY
		AS 2 Introduction
		2439
		Items excluded from scope of AS 2
		1294 cfa1294.mp4
		Types of Inventory
		1295 cfa1295.mp4
		Inventory cost ascertainment
		1296 cfa1296.mp4
		Valuation of Inventory
		1297 cfa1297.mp4
		Measurement of Inventory
		1298 cfa1298.mp4
		Cost of Inventory
		1299 cfa1299.mp4
		Joint Products or Byproducts
		1300 cfa1300.mp4
		Cost Formula
		1301 cfa1301.mp4
		Other Techniques of Cost Measurement
		1302 cfa1302.mp4
		Net Realisable Value
		1303 cfa1303.mp4
		Disclosure Requirements
		1304 cfa1304.mp4
		Value of Inventory Case Study
		1272 cfa1272.mp4
		Treatment of Fixed Overheads Case Study
		1273 cfa1273.mp4
		Computation of Cost of Inventory Case Study
		1274 cfa1274.mp4
		Valuation of Inventory Net Realiable Value Item by Item Basis Case Study
		1275 cfa1275.mp4
		Treatment of Normal and Abnormal Loss and Valuation of Inventory Case Study
		1276 cfa1276.mp4
		Treatment of Production Overheads in Valuation of Inventory Case Study
		1277 cfa1277.mp4
	Chapter 5 - AS 3 Cash Flow Statement
		Cash Flow Statement Introduction (Talking Head)
		66 FM66
		Cash Flows from Various Activities (Talking Head)
		67 FM67
		Cash Flow Statement Direct Method (Talking Head)
		68 FM68
		Cash Flow Statement Indirect Method (Talking Head)
		69 FM69
		Case Study 1 Cash flow study (Talking Head)
		70 FM70
		Case Study 2 Cash flow study (Talking Head)
		71 FM71
		Case Study 3 Cash flow study (Talking Head)
		72 FM72
	Chapter 6-AS 4 Contingencies and Events occuring after balance sheet date
		Introduction to AS 4
		2440
		Events occurring after Balance Sheet Date
		1316 cfa1316
		Adjusting Event and Non Adjusting Event
		1317 cfa1317
		Events not affecting Financial Statement
		1318 cfa1318
		Special Nature Event (Dividends Declared)
		1319 cfa1319
		Going Concern and Events occuring after Balance Sheet Date
		1320 cfa1320
		Case Study1 Events occurring after Balance Sheet Date
		1321 cfa1321
		Case Study2 Events occurring after Balance Sheet Date
		1322 cfa1322
		Case Study3 Events occurring after Balance Sheet Date
		1323 cfa1323
		Case Study4 Events occurring after Balance Sheet Date
		1324 cfa1324
		Case Study5 Events occurring after Balance Sheet Date
		1325 cfa1325
		Case Study6 Events occurring after Balance Sheet Date
		1326 cfa1326
		Case Study7 Events occurring after Balance Sheet Date
		1327 cfa1327
		Case Study8 Events occurring after Balance Sheet Date
		1328 cfa1328
	Chapter 7 - AS 5 Net Profit or Loss for the period, Prior Period Items and Changes in Accoun
		AS 5 Introduction
		1305 cfa1305
		Profit or Loss from Oridnary Items
		1306 cfa1306
		Extra Ordinary Items as per AS 5
		1307 cfa1307
		Exceptional Items
		1308 cfa1308
		Prior Period Items
		1309 cfa1309
		Changes in Accounting Estimates
		1310 cfa1310
		Changes in Accounting Policy
		1311 cfa1311
		Case Study - Prior Period Item
		1312 cfa1312
		Case Study - Disclosure for Ordinary Items
		1313 cfa1313
		Case Study - Disclosure for Ordinary Items
		1314 cfa1314
		Case Study Prior Period Item
		1329 cfa1329
		Case Study Change in Accounting Policy
		1330 cfa1330
	Chapter 8 - AS 7 Construction Contracts
		Construction Contract and its Type
		1 coc1
		Objectives of Accounting for Construction Contract
		2 coc2
		Applicability of AS7
		3 coc3
		Measurement of Contract Revenue
		4 coc4
		Contract Costs - Inclusion and Exclusions
		5 coc5
		Basic Principles of Recognition of Revenue and Expenses
		6 coc6
		Composition of Contract Revenue
		7 coc7
		Provision for Expected Losses
		8 coc8
		Effect of change in estimate in Construcition Contract
		9 coc9
		Accounting Disclosures by Construction Contractors as per AS 7
		10 coc10
		Contract Accounting Case Study 1
		11 coc11
		Contract Accounting Case Study 2
		12 coc12
		Contract Accounting Case Study 3
		13 coc13
	Chapter 9 - AS 9 Revenue Recognition
		Revenue Recognition - Introduction
		1 rr1
		Item excluded in Revenue Definition
		2 rr2
		Timing of Revenue Recognition
		3 rr3
		Conditions of Revenue Recognition
		4 rr4
		Revenue Recognition when goods are sold subject to conditions
		5 rr5
		Revenue from Rendering of service
		6 rr6
		Special Treatment of Revenue Recognition
		7 rr7
		When Revenue from sale of goods can berecognised?
		9 rr9
		Treatment of interdepartmental Transfer
		8 rr8
		Revenue Recognition Case Study 1
		10 rr10
		Revenue Recognition Case Study 2
		11 rr11
		Revenue Recognition Case Study 3
		12 rr12
		Revenue Recognition Case Study 4
		13 rr13
		Revenue Recognition Case Study 5
		14 rr14
		Revenue Recognition Case Study 6
		15 rr15
		Revenue Recognition Case Study 7
		16 rr16
		Revenue Recognition Case Study 8
		17 rr17
	Chapter 10 - AS 10 Property, Plant & Equipment
		Introduction to AS 10 (Revised)
		1331 cfa1331
		Property, Plant & Equipment - Definition
		1332 cfa1332
		Biological Assets & Bearer Plant Defintion
		1333 cfa1333
		Agricultural Activity & Produce as per AS 10
		1334 cfa1334
		Recognition criterial for Property, Plant & Equipment as per AS 10
		1335 cfa1335
		Case Study on Capitalisation of Remodelling Expenses
		1336 cfa1336
		"Treatment of Spareparts, Standby Equipment & Servicing Equipment"
		1337 cfa1337
		Treatment of Cost of Day to Day Servicing
		1338 cfa1338
		Treatment of Replacement of Parts of PPE
		1339 cfa1339
		Measurement at Recognition of PPE
		1340 cfa1340
		Purchase Price
		1341 cfa1341
		Directly Attributable Cost as per AS 10
		1342 cfa1342
		Case Study 1 Directly Attributable Cost
		1343 cfa1343
		Case Study 2 Directly Attributable Cost
		1344 cfa1344
		Case Study 3 Directly Attributable Cost
		1345 cfa1345
		Decommissioning, Restoration and similar liabilities
		1346 cfa1346
		Cost of Self Constructed Asset
		1347 cfa1347
		Measurement of Cost
		1348 cfa1348
		Commercial Substance in Exchange Transaction
		1349 cfa1349
		Case Study 1 Measurement of Cost
		1350 cfa1350
		Case Study 2 Measurement of Cost
		1351 cfa1351
		Measurement of Cost Part 2
		1352 cfa1352
		Measurement after Recognition
		1353 cfa1353
		Cost Model as per AS 10
		1354 cfa1354
		Revaluation Model as per AS 10
		1355 cfa1355
		Frequency of Revaluation
		1356 cfa1356
		Determination of Fair Value
		1357 cfa1357
		Accounting treatment under Revaluation Model
		1358 cfa1358
		Treatment of Revaluation Increase or Decrease
		1359 cfa1359
		Case Study on Treatment of Revaluation Increase or Decrease
		1360 cfa1360
		Treatment of Revaluation Surplus
		1361 cfa1361
		Depreciation and related aspects under AS 10
		1362 cfa1362
		Case Study on Depreciation with ref. to AS 10
		1363 cfa1363
		Review of Residual Value & Useful Life of Asset with Case Study
		1364 cfa1364
		Commencement of Period for Depreciation
		1365 cfa1365
		Cessation of Depreciation with Case Study
		1366 cfa1366
		Cessation of Depreciation (Continuation)
		1367 cfa1367
		Depreciation for Land and Building
		1368 cfa1368
		Change in Method of Depreciation as per AS 10
		1369 cfa1369
		Methods of Depreciation as per AS 10
		1370 cfa1370
		Case Study Method of Depreciation as per AS 10
		1371 cfa1371
		Changes in Decommissioning, Restoration & Other Liabilities as per AS 10
		1372 cfa1372
		Changes in Liabilities (Asset recognized under Cost Model) as per AS 10
		1373 cfa1373
		Changes in Liabilities (Asset recognized under Revaluation Model) as per AS 10
		1374 cfa1374
		4 Situations and its accounting as per AS 10
		1375 cfa1375
		Case Study Compensation from 3rd Party as per AS 10
		1376 cfa1376
		Retirement of PPE as per AS 10
		1377 cfa1377
		De-Recognition of PPE as per AS 10
		1378 cfa1378
		Disclosure requirement for PPE as per AS 10
		1379 cfa1379
	Chapter 11 - AS 11 The Effects of Changes in Foreign Exchange Rates
		Introduction to AS 11 The Effects of Changes in Foreign Exchange Rates
		2441
		Areas not covered by AS 11
		1381 cfa1381
		What is Foreign Currency Transaction?
		2442
		Monetary and Non Monetary Items
		2443
		integral and non integral foreign operations
		2444
		Forward Exchange Contract and Forward Rate
		2445
		Initial Recognition of Foreign Exchange Transactions
		2446(2)
		Reporting Foregin Currency Items at Balance Sheet Date
		2447
		Recognition of Exchange Differences
		2448
		Treatment of Exchange Differences of Long Term Monetary Items
		1389 cfa1389
		Translation of Financial Statements of Foreign Operations
		1390 cfa1390
		Translation of Financial Statements of Integral Foreign Operations
		1391 cfa1391
		Translation of Financial Statements of Non Integral Foregin Operations
		1392 cfa1392
		How to decide Non Integral Foregin Operations?
		1393 cfa1393
		Forward Contract and AS 11
		2917
		Case Study 1 Forex Difference and Loan Accounting
		1395 cfa1395
		Case Study 2 Capitalization of Foreign Exchange Difference attributable to Depre
		1396 cfa1396
		Case Study 3 Preparation of Trial Balance of Foreign Operations in Rupees
		1397 cfa1397
		Case Study 4 Recognition of Forward Contract Loss / Gain
		1398 cfa1398
		Case Study 5 Accounting for Speculative loss / gain out of Forward Contract
		1399 cfa1399
		Disclosures required in Financial Statements
		1400 cfa1400
		Presentation of Foreign Currency Monetary Item Translation Difference Account
		1401 cfa1401
		Case Study 6 Accounting for Translation of Integral Foreign Operations
		1402 cfa1402
	Chapter 12 - AS 12 Accounting for Government Grants
		Introduction to Accounting for Government Grants
		1403 cfa1403
		What is Government Grant?
		1404 cfa1404
		Accounting Treatment for Government Grant
		1405 cfa1405
		Recognition of Government Grants
		1406 cfa1406
		Presentation of Grants related to Specific Fixed Assets
		1407 cfa1407
		Case Study on Accounting for Government Grant (by deducting from Fixed Asset)
		1408 cfa1408
		Case Study on Government Grant (Treating as Deferred Income)
		1409 cfa1409
		Case Study (Utilisation of Government Grant and Accounting for asset recevied fr
		1410 cfa1410
		Presentation of Grants (Revenue & in nature of Promoter's Contribution)
		1411 cfa1411
		Case Study (Accounting treatment for Grant received for Investment)
		1412 cfa1412
		Refund of Government Grants
		1413 cfa1413
		Disclosures in Financial Statements for Government Grants
		1414 cfa1414
		Case Study (Accounting treatment for Refund of Grant credited to Fixed Asset)
		1415 cfa1415
		Case Study (Accounting treatment for Refund of Grant credited to Fixed Asset)
		1416 cfa1416
		Case Study (Accounting treatment Deferred Grant a/c and refund)
		1417 cfa1417
	Chapter -13 AS 14 Accounting for Amalgamations
		Amalgamation Introduction
		73 CFA73
		Difference between Amalgamation Absortpion and External Reconstruction
		74 CFA74
		Types of Amalgamation
		75 CFA75
		Purchase Consideration
		76 CFA76
		Case 1 Purchase Consideration
		77CFA77
		Case 2 Purchase Consideration
		78 CFA78
		Methods of Accounting for Amalgamation
		79 CFA79
		Case 3 Amalgamation in nature of Merger
		80 CFA80
		Case 4 Amalgamation in nature of Purchase
		81 CFA81
		Case 5 Purchase Consideration
		82 CFA82
		Case 6 Purchase Consideration
		83 CFA83
		Intercompany Owings in Amalgamation
		86 CFA86
		Journal Entries to be passed in Books of Selling Company
		CFA84
		Journal Entries to be passed in Books of Buying Company
		85 CFA85
		Intercompany Owings - Adjustment in Value of Stock in Amalgamation
		87 CFA87
		Case 7 Intercompany Owings and Amalgamation
		CFA88
		Case 8 Amalgamation Closing Ledger in Selling Companies
		121 CFA121
		Case 9 Amalgamation Closing Ledger in Buying Company
		140 CFA140
	Chapter 14 - AS 16 Borrowing Cost
		Introduction to AS 16 Borrowing Cost
		CFA148
		Definition of Qualifying Asset
		149 CFA149
		Exchange Difference on Foreign Currency Borrowings treated as Borrowing Cost
		1420 cfa1420
		Case Study Exchange Difference on Foreign Currency Borrowings treated as Borrowi
		1421 cfa1421
		Borrowing Cost Eligible for Capitalisation
		1422 cfa1422
		Specific Borrowing Cost and General Borrowing Cost
		1423 cfa1423
		Case study Capitalisation of Borrowing cost from general and specific borrowings
		1424 cfa1424
		Case Study Treatment of interest
		1425 cfa1425
		Case Study Borrowing cost to be capitalised
		1426 cfa1426
		Commencement of Capitalisation of Borrowing Cost
		1455 cfa1455
		Suspension of Capitalisation of Borrowing Cost
		1456 cfa1456
		Cessation of Capitalisation Cost
		1457 cfa1457
		Disclosure in Financial Statements
		1458 cfa1458
		Case Study - Treatment of Borrowing Cost on Investments
		1459 cfa1459
	Chapter 15 - AS 17 Segment Reporting
		Introduction to AS 17 Segment Reporting
		1460 cfa1460
		Scope of AS 17 Segment Reporting
		1461 cfa1461
		Business Segment Defintion as per AS 17
		1462 cfa1462
		Geographical Segment & Reportable Segment as per AS 17
		1463 cfa1463
		Segment Revenue, Expense & Result
		1464 cfa1464
		Segment Assets & Liabilties
		1465 cfa1465
		Treatment of Interest for determining Segment Expense
		1466 cfa1466
		Allocation to Segment
		1467 cfa1467
		Primary and Secondary Segment Reporting Formats
		1496 cfa1496
		Matrix Presentation
		1497 cfa1497
		Identifying Business & Geographical Segments
		1498 cfa1498
		Quantitative Thresholds for Identifying Reportable Segments as per AS 17
		1499 cfa1499
		Primary Reporting Format
		1533 cfa1533
		Secondary Segment Information
		1534 cfa1534
		Other Disclosures required under AS 17
		1535 cfa1535
		Segment Report Case Study 1
		1536 cfa1536
		Inter-Segment Transfer Pricing Policy Case 2
		1537 cfa1537
		Treatement of Deferred Tax Asset in Segment Reporting Case 3
		1538 cfa1538
		Preparation of Segmental Report Case 4
		1539 cfa1539
		Identifying Business Segments Case 5
		1540 cfa1540
	Chapter 16 - AS 22 Accounting for Taxes on Income
		Introduction
		101-introductionmp4
		Matching Concept and Deferred Tax
		102-matching-concept-and-deferred-taxmp4
		Generally Accepted Accounting Practices for Tax Accounting
		103-gaap-for-tax-accountingmp4
		Basic Terms Explained
		104-basic-terms-explainedmp4
		Accounting Income and Taxable Income
		105-accounting-income-and-taxable-incomemp4
		Impact of Differences
		106-impact-of-differencesmp4
		Deferred Tax Assets and Liabilities
		107-deferred-tax-assets-and-liabilitiesmp4
		Reasonable and Virtual Certainity
		108-reasonable-and-virtual-certainitymp4
		Recognition of Deferred Tax
		109-recogniton-of-deferred-taxmp4
		Deferred Tax Example
		110-deferred-tax-examplemp4

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Paper 1 : Accounting (Part 1/3)