FINANCIAL ACCOUNTING

Introduction and Core Accounting Principles 

Introduction to Accounting: Meaning, Objectives, and Scope
Accounting Concepts: Business Entity, Going Concern, etc.
Accounting Conventions: Consistency, Conservatism, etc.
Indian Accounting Standards: Overview and Importance
Accounting Equation: Meaning and Application
Double Entry System of Accounting
Journal: Meaning, Format, and Entries
Ledger: Posting and Balancing Accounts
Cash Book: Types and Accounting Treatment
Other Subsidiary Books: Purchases, Sales, Journal Proper, etc.

Trial Balance, Errors, and Reconciliations 

Trial Balance: Purpose and Preparation
Types of Accounting Errors: Errors of Omission, Commission, etc.
Rectification of Errors: Before and After Trial Balance
Bank Reconciliation Statement: Meaning and Steps
Capital vs Revenue Expenditures: Classification and Examples
Depreciation Accounting: Methods and Journal Entries

Final Accounts and Adjustments

Final Accounts of Sole Proprietors: Trading Account
Final Accounts: Profit & Loss Account
Final Accounts: Balance Sheet with Adjustments
Adjustments in Final Accounts: Outstanding, Prepaid, Accrued, etc.
Average Due Date: Concept and Calculation
Account Current: Meaning and Methods

Special Accounting Topics 

Bills of Exchange: Features and Journal Entries
Accounts from Incomplete Records (Single Entry System)
Accounts of Not-for-Profit Organisations: Receipts and Payments Account
Income and Expenditure Account: Features and Differences
Balance Sheet for Not-for-Profit Organisations
Consignment Accounts: Concepts, Valuation, and Entries
Joint Venture Accounts: Methods and Entries
Difference Between Consignment and Joint Venture

Partnership Accounts

Partnership: Features and Partnership Deed
Final Accounts of Partnership Firms
Admission of Partner: New Ratio, Goodwill, Revaluation, etc.
Revaluation Account: Format and Adjustments
Retirement of Partner: Treatment of Goodwill and Revaluation
Death of a Partner: Treatment and Settlement
Gaining Ratio and Capital Adjustments
Memorandum Revaluation Account
Dissolution of Partnership Firms: Preparation of Realisation Account
Settlement of Accounts on Dissolution (Insolvency and Non-insolvency Cases)
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