Description

Hi

This course enables students to understand concepts related to Accountancy for CA foundation course. The accounting concepts are explained in simple way following illustrations wherever required.

Features of the course :

• Recorded virtual whiteboard video lectures every week covering a particular topic.

• Video lectures include explaining of concept and solving of examples.

• Flexibility to study at your own convenient time.

Topics covered in the course are as follows (as per study material) :

• Meaning and Scope of accounting

  This includes definition and meaning of accounting and scope of accounting.

  
  

• Accounting Concepts, Principles and Conventions

  This explains following accounting Concepts along with examples like - GAAP (Generally accepted accounting principles), Business Entity concept, Money measurement concept, Going Concern Concept, Accounting period concept, Cost concept, Revenue recognition concept, Matching Concept, Accrual basis of accounting, Cash basis of accounting, Full disclosure concept, Consistency concept, Conservatism concept, Materiality concept, Objectivity concept.

  
  

• Accounting Terms

  Following terms related to accountancy are explained here along with examples - Financial Transaction / Business Transaction, Voucher, Journals, Ledger account, Capital, Liabilities and types of Liabilities, Assets and types of Assets , Capital receipts , Revenue receipts, Debtors / Receivables , Capital expenditure , Revenue Expenditure, Creditors/ Paybles, Expenses , Purchase, Stock/ Inventory, Profit and Loss.

• Process of Accounting

  This explains transaction flow from various books of accounts.It also includes how to pass a journal entry , post a journal entry in ledger account and prepare a trial balance

  
  

• Books of Accounts

  This explains about various books of accounts Journals , Ledgers , General Ledgers and Subsidiary books. It also includes process to prepare Petty Cash book, Cash book.

  
  

• Rectification of Errors

  It explains how to rectify various types of errors in accounting.

  
  

• Bank Reconciliation Statement

  It explains how to reconcile balance in Bank account in books and balance as per bank statement as on a particular day.

  
  

• Inventories

  This includes Inventory Recording, Inventory Taking and Methods of determining cost of inventory

  
  

• Depreciation

  This includes depreciation concept , Methods of calculating depreciation , treatment in case of sale of asset.

  
  

• Bills of Exchange/ Promissory Note accounting

  This explains concept of bill of exchange/ Promissory Note, accounting for bills of exchange and promissory note along with examples.

  
  

• Sale of goods on return basis and Sale of goods on Consignment

  This explains concept of sale of goods on consignment and sale of goods on return basis , accounting for goods sold on consignment in books of consignor and consignee, accounting for sale of goods on return basis.

  
  

• Average Due date calculation

  This explains how to calculate average due date and use of average due date.

  
  

• Account Current

  This explains concept of account current and accounting in account current. It also explains various methods to maintain account current along with examples.

  
  

• Final accounts of Sole Proprietor (Manufacturing and Non- Manufacturing)

  This explains preparation of financial statement for sole proprietor, various adjustments related to financial statements and solved videos of comprehensive examples.

  
  

• Partnership accounts

  This explains how to deal with Admission , Retirement and Death of partner , Financial Statements of Partnership Firm, accounting treatment in case of admission retirement and death of partner.

  
  

• Non – Profit Organisations

  This explains following concepts related to non profit organisation and accounting treatment for same - donations , subscriptions, annual maintenance fees , one time fees, honorarium etc. It also includes examples on how to prepare financial statements for non profit making organisations.

• Company Accounts – Introduction

  This includes explanation of various types of companies , Issue Re-issue and forfeiture of shares- Process and accounting , Issue of Debentures - Process and accounting.

Happy Learning !!!

Vanijyavidya