Advanced Financial Accounting

06/07/2020 1 By indiafreenotes

Unit 1 Insurance Claims {Book}

Insurance Claims Introduction, Need

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Loss of Stock Policy

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Steps for ascertaining Fire insurance claim

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Treatment of Salvage

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Average Clause

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Treatment of Abnormal Items

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Computation of Fire insurance claims

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Unit 2 Consignment Accounts {Book}

Consignment Accounts: Introduction, Meaning

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Consignor, Consignee

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Goods Invoiced at Cost Price

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Goods Invoiced at Selling Price

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Normal Loss, Abnormal Loss

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Valuation of Stock

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Stock Reserve

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Journal Entries, Ledger Accounts in the books of Consignor and Consignee

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Unit 3 Accounting for Joint Ventures {Book}

Accounting for Joint Ventures: Introduction, Meaning, Objectives

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Distinction between joint Venture and Consignment

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Distinction between joint Venture and Partnership

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Maintenance of accounts in the Books of Co-venturers

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Maintaining Separate books for Joint Venture

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Preparation of Memorandum Joint Venture

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Unit 4 Branch Accounts {Book}

Branch Accounts: Introduction, Meaning, Objectives, Types

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Dependent Branches: Features

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Supply of Goods at Cost Price

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Supply of Goods at Invoice Price

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Branch Account in the books of Head Office

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Unit 5 Departmental Accounts {Book}

Departmental Accounts: Meaning, Objectives

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Basis of Allocation of expenses

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Trading Account in Columnar form

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Profit and Loss Account in Columnar form

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