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Unit 1 introduction to IFRS {Book} |
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| Need for IFRS: Features of IFRS | VIEW |
| Applicability of IFRS, Beneficiaries of Convergence with IFRS | VIEW |
| Unit 2 Accounting for Hire Purchase {Book} | |
| Meaning of Hire Purchase, Installment Purchase System | VIEW |
| Hire Purchase, Installment Purchase System; Legal provisions | VIEW |
| Calculation of interest: | VIEW |
| when rate of interest and cash price is given | |
| when cash price and total amount payable is given | |
| when rate of interest and installments amount are given but cash price is not given | |
| Calculation of cash price under annuity method | VIEW |
| Journal Entries and Ledger Accounts in the books of Hire Purchaser and Hire Vendor (Asset Accrual Method only). | VIEW |
| Unit 3 Royalty Accounts {Book} | ||
| Royalty Accounts Introduction, Meaning | VIEW | |
| Technical terms: Royalty, Landlord, Tenant, Minimum rent, Short Workings, Recoupment within the life of a lease | VIEW | |
| Recoupment of short working under; fixed period; floating Period | VIEW | VIEW |
| Treatment of strike, stoppage of work and sub-lease | VIEW | |
| Accounting treatment in the books of lessee(tenant): when royalty is less than minimum rent, When royalty is equal to minimum rent, when the right of recoupment is lost | VIEW | |
| When minimum rent account method is followed | VIEW | |
| Passing journal entries and Preparation of Ledger Accounts | VIEW | |
| Royalty account, Landlord account, Short workings account | VIEW | |
| Minimum rent when minimum rent account is followed in the books of lessee only | VIEW | |
| Unit 4 Sale of the Partnership Firm {Book} | ||
| Introduction, Need for conversion | VIEW | VIEW |
| Meaning of purchase consideration, Methods of calculating purchase consideration, Net payment method, Net asset method | VIEW | |
| Passing of journal entries and preparation of ledger accounts in the books of vendor | VIEW | VIEW |
| Treatment of certain items: | ||
| Dissolution expenses | VIEW | |
| Unrecorded assets and liabilities | VIEW | |
| Assets and liabilities not taken over by the purchasing company | VIEW | |
| Contingent liabilities | VIEW | VIEW |
| Non- assumption of trade liabilities in the books of purchasing company | VIEW | |
| Passing of incorporation entries, Treatment of security premium | VIEW | |
| Fresh issue of shares and debentures to meet working capital | VIEW | VIEW |
| issue of shares debentures to meet working capital | VIEW | VIEW |
| Preparation of Balance Sheet as per ‘Companies Act’ 2013 under Vertical format | VIEW | |
| Unit 5 Accounting for Joint Ventures {Book} | |
| Accounting for Joint Ventures Introduction Meaning Objectives | VIEW |
| Distinction between joint venture and consignment | VIEW |
| Distinction between joint venture and partnership | VIEW |
| Maintenance of accounts in the books of co-venturers | VIEW |
| Maintaining separate books for Joint Venture | VIEW |
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