FINANCIAL ACCOUNTING (Beginning to Advance)
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What will you learn in this course:
In this Course you will learn a lot of Knowledge and after complete this course you will excellent in Financial Accounting. This course provide many chapter of of Financial Accounting and also including Theories and Practical Problems etc. After Complete this you achieve a lot of information related to Financial Accounting and its Application.
This Course Include :
1. BASIC ACCOUNTING TERMS
Basic Accounting Terms : More than 50 Terms
2. NATURE & SCOPE OF ACCOUNTING
Meaning of Accounting
Objects of Accounting
Modern Functions of Accounting
Types or Branches of Accounting
Users of accounting information
3. ACCOUNTING PRINCIPLES
4. ACCOUNTING STANDARDS
5. CONCEPT OF DOUBLE ENTRY SYSTEM
Golden Rules of Debit & Credit or Traditional Approach or English Approach
Rules of Debit and Credit
Types of Accounts
Personal Account and its Classification
Real Account and its Classification
Nominal Account and its Classification
6. JOURNAL
Preparation of Journal from Beginning to Advance
Practical Problems
7. LEDGER
8. TRIAL BALANCE
Meaning
Methods of Preparing Trial Balance
Accounting Errors
Suspense Account
9. VOYAGE ACCOUNT
Introduction of Voyage Account
Important Terms Relating to Voyage Account
Items of Credit Side of Voyage Account
Items of Debit Side of Voyage Account
Some Practical Problems
10. FINAL ACCOUNT
Meaning of Final Account
Trading Account
Profit and Loss Account
Trading and P/L Account
Balance Sheet
All Format : Short and Long
11. DEPARTMENTAL ACCOUNTS
Meaning and Objects of Departmental Accounting
Difference between Department and Branch
Explanation and Practical Problems
12. ROYALTY
Meaning of Royalty Account
Difference between Royalty and Rent
Kinds/ Types of Royalty
Important terms
Practical Problems
13. HIRE PURCHASE SYSTEM
Meaning of Higher Purchase system
Meaning of Installment Payment system
Difference between Hire Purchase System and Instalment Payment System
Interest Calculation
Practical Problems
14. INSOLVENCY ACCOUNT
Insolvency Accounts
Insolvency Act Applicable :
Presidency Town Act, 1909 (Kolkata, Mumbai, Chennai)
Provincial Act, 1920 (remaining India)
Practical Problems
15. BRANCH ACCOUNT
Meaning of Branch Accounts
Types / Kinds of Branch
Accounting Methods
Practical Problems
