Financial Accounting

19/11/2020 2 By indiafreenotes

Unit 1 Conceptual Frame Work Of Financial Accounting {Book}
Financial Accounting Meaning, Definition, Objectives		VIEW
Financial Accounting Objectives		VIEW
Terminologies: Transaction, debit, credit, Assets, Liabilities, Capital, Drawings, Goods		VIEW
Distinctions between Goods and Assets		VIEW
Purchases, Purchase Returns, Sales, Sales Returns		VIEW
Invoice, Debit Note, Credit Note, Stock, Work-in-progress		VIEW
Inventory, Incomes, Expenses, Creditors, Debtors		VIEW
Bills of Exchange		VIEW
Bills Receivable, Bills Payable		VIEW
Outstanding Expenses, Accrued Incomes		VIEW
Prepaid Expenses, Incomes received in Advance		VIEW
Journal		VIEW
Journal Entry, Rules for Journal Entry	VIEW	VIEW
Subsidiary Books		VIEW
Journal Proper		VIEW
Account Carried Down, Brought Down, Carried Forward, Brought Forward		VIEW
Ledger Accounts		VIEW
Income statement		VIEW
Balance Sheet		VIEW
Accounting Equation		VIEW
Accounting concepts: Entity, Money measurement, Realization and Accrual concept		VIEW
Introduction to IFRS		VIEW
US-GAAP		VIEW
European GAAP, Japanese GAAP		VIEW

Unit 2 Accounting for Sale of Partnership firm {Book}
Sale to a Limited Company		VIEW
Need for conversion – Meaning of Purchase Consideration, Methods of calculating Purchase Consideration, Net Payment method, Net Asset method		VIEW
Passing of journal entries accounts in the Books of Vendor		VIEW
Preparation of Ledger Accounts in the Books of Vendor		VIEW
Treatment of Certain items		VIEW
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

Unit 3 Accounting for Departmental Undertakings {Book}
Meaning and Features of Departmental Undertaking	VIEW
Examples of Department Specific Expenses and Common Expenses	VIEW
Need and Bases of Apportionment of Common Expenses	VIEW
Preparation of Trading Account in Columnar Form	VIEW
Preparation of Profit and Loss Account in Columnar Form	VIEW
General Profit and Loss Account and Balance Sheet	VIEW
Simple problems involving adjustment on Closing Stock	VIEW
Depreciation	VIEW
Inter Departmental Transfers at Cost Price	VIEW

Unit 4 Fire Insurance claims {Book}
Meaning, Need and Advantages of Fire Insurance	VIEW
Insurer/Insurance Company, Insured/Policyholder, Premium	VIEW
Salvage, Insurance Policy, Sum Assured, Under Insurance, Average Clause, Claim	VIEW

Unit 5 Computerized Accounting Systems {Book}
Computerized Accounts by using Accounting Software	VIEW
Creating a Company; Configure and Features Settings	VIEW
Creating Accounting Ledgers and Groups	VIEW
Creating Stock Items and Groups; Vouchers Entry	VIEW