Advanced Accounting A Complete Study For CaCmaCfaAccaCs

What you'll learn
Understand Branch Accounts
Understand Departmental Accounts
Understand Self Balancing Ledger
Understand Accounting for Consignment
Understand Accounting for Joint Venture
Understand Accounting for Investments
Understand Accounting for Insurance Claims
Understand Accounting for Bills of Exchange
Understand Accounting for Sale of Goods on Approval / Return Basis
Understand Depreciation Accounting
Understand Average Due DAte
Understand Account Current
Understand Accounting For Construction Contract
Understand Revenue Recognition
Understand Accounting for Computer Software
Understand Accounting for Banking Companies.
Understand Accounting For Hospitals
Understand Accounting for Royalties
Understand Accounting for Hire Purchase Transactions
Understand Inventory Valuation
Understand Final Accounts of Sole Proprietors
Understand Accounting for Not-for-Profit Organisations
Requirements
Basics of Accounting
Description
Who should take this course?Are you struggling in understanding Accounting concepts and techniques related to Branch Accounts, Departmental Accounts, Royalty Accounts, Hire Purchase Accounts, Accounting for Bills of Exchange, Consignment Accounting, Joint Venture Accounting, Investment Accounting, Insurance Claim Accounting, Accounting for Banking and Insurance Companies, Average Due Date, Account Current, etc? Are you a student pursuing professional courses like CA / CMA / CS / CFA /CPA / ACCA / CIMA / MBA Finance or are you a Finance Professional / Banker aspiring to excel in Accounting Techniques and rise to top in your career? Then this course is for you - Advanced Accounting A Study.Why you should take this course?By taking this course, you will be able to see practical side of Accounting concepts with lot many case studies to solve. Approaching complex topics through case studies is the best way to understand them and you will find lot many in this course.Theoretical back ground for each and every topic will be explained followed by numerous case studies and most of them will be past examination tested problems which will help you to excel in Academic Examinations as well as in real life.If you are an Accounting or Finance or Cost Accounting Executive, this course will help you to brush up your basics in Accounting and all the contents have immediate practical relevance and application. What you will learn by taking this course? This is a comprehensive course, covering each and every topic in detail. In this course,you will learn the Advanced Accounting concepts, theories, and techniques which deals with conceptual frame work. You will be exposed to following concepts and Techniques through various video lectures, quizzes and presentations: a) Branch Accounts b) Departmental Accounts c) Accounting for Royaltiesd) Accounting for Hire Purchase Transactionse) Self Balancing Ledgersf) Sectional Balancing Ledgersg) Accounting for Service Sectors, Project Accounting, etc.h) Accounting for Service Sectors like Software, ITES, Telecommunication, Entertainment, Hospital, Educational Institutions.i) Accounting for Special Transactions - Bill of Exchangej) Accounting for Special Transactions - Consignmentk) Accounting for Special Transactions - Joint Venturel) Accounting for Special Transactions - Sale of goods on Approval or Return Basism) Accounting for Special Transactions - Account Currentn) Accounting for Special Transactions - Investment Accountso) Accounting for Special Transactions - Insurance Claim (Loss of Stock and Loss of Profit)p) Accounting for Banking, Electricity and Insurance Companies.How this course is structured?This course is structured in self paced learning style. Each and every section of this course is broken down as various micro lectures and then they are substantiated with examples and case studies. Several real world examples are used in this course through case studies. You'll gain authority on each and every topic as i take you through lectures one by one. This course is presented in simple language with examples. This course has video lectures (with writings on Black / Green Board / Note book / Talking head, etc). You would feel you are attending a real class. What are the pre-requisites for taking this course?You should have basic knowledge of Accounting. You would require good internet connection for interruption free learning process. How this course will benefit you?At the end of the course, you will be able to solve various case studies in Advanced Accounting at ease with high level of confidence. This course will equip you for approaching above listed professional examinations with confidence as well hand real life problems with clarity. Happy Learning and Best Wishes!
Overview
Section 1: Branch Accounts
Lecture 1 Welcome Lecture
Lecture 2 Introduction to Branch Accounts
Lecture 3 Dependent Branches and Features
Lecture 4 Accounting for dependents branches
Lecture 5 Debtors system in branch accounts
Lecture 6 Accounting Entries Debtors System
Lecture 7 Dependent Branches Problem 1
Lecture 8 Dependent Branches Problem 2
Lecture 9 Dependent Branches Problem 3
Lecture 10 Dependent Branches Problem 4
Lecture 11 Dependent Branches Problem 5
Lecture 12 Goods invoiced at SP to Branches & Its Accounting Aspects
Lecture 13 Dependent Branches Problem 6 (invoice @ SP)
Lecture 14 Dependent Branches Problem 7 (invoice @ SP)
Lecture 15 Dependent Branches Problem 8 (invoice @ SP)
Lecture 16 Case Study Branch Account Gross Profit
Lecture 17 Stock and Debtors system
Lecture 18 Problem 9 Stock and Debtors System
Lecture 19 Problem 10 Stock and Debtors System
Lecture 20 Problem 11 stock and Debtors System
Lecture 21 Final Accounts Method
Lecture 22 Problem 12 Branch Trading & P&L A/c (cost)
Lecture 23 Problem 13 Branch Trading A/c (Invoice Price)
Lecture 24 Problem 14 Branch Trading P&L A/c (Invoice Price)
Lecture 25 Case Study Debtors method and Final Accounts
Lecture 26 Problem 15 on stock and Debtors system
Lecture 27 Problem 16 Stock and Debtors System
Lecture 28 Case Study Stock & Debtors Method
Lecture 29 Whole Sale Branch system
Lecture 30 Problem 17 Whole Sale Branch system
Lecture 31 Problem 18 Whole Sale Branch system
Lecture 32 Problem 19 Whole Sale Branch system
Lecture 33 Independent Branches Introduction
Lecture 34 Independent Branches Accounting Entry Part 1
Lecture 35 Independent Branches Accounting Entry Part 2
Lecture 36 Independent Branches Problem 20
Lecture 37 Independent Branches Problem 21
Lecture 38 Independent Branches Problem 22
Lecture 39 Independent Branches Problem 23
Lecture 40 Incorporation of Branch Trial Balance
Lecture 41 Incorporation of Branch Trial Balance Problem 24
Lecture 42 How to Close Books of Branches
Lecture 43 Closure of Branch books Problem 25
Lecture 44 Closure of Branch books Problem 26
Lecture 45 Closure of Branch books Problem 27
Lecture 46 Integral and Non Integral Foregin Branch
Lecture 47 Indicators of Non Integral Foreign Operation
Lecture 48 Techniques for Foreign Currency Translation Integral Foreign Operation
Lecture 49 Techniques for Foreign Currency Translation Non Integral Foreign Operation
Lecture 50 Case 1 Integral Foreign Operation Trial Balance
Lecture 51 Case 2 Integral Foreign Operation P&L and Balance Sheet
Section 2: Departmental Accounts
Lecture 52 Departmental Accounts Introduction
Lecture 53 Apportionment of Expenses
Lecture 54 Departmental Accounts Problem 1
Lecture 55 Departmental Accounts Problem 2
Lecture 56 Inter Departmental Transfers
Lecture 57 Inter Departmental Transfers Problem 3
Lecture 58 Inter Departmental Transfers Problem 4
Lecture 59 Inter Departmental Transfers Problem 5
Lecture 60 Inter Departmental Transfers Problem 6
Lecture 61 Departmental Accounts Problem 7
Lecture 62 Departmental Accounts Problem 8
Lecture 63 Departmental Accounts Problem 9
Lecture 64 Case Study Departmental Trading and P&L Account
Lecture 65 Case Study Departmental Trading and P&L Account (with Stock Adjustment and Profi
Section 3: Self Balancing Ledger
Lecture 66 Introduction to Self Balancing Ledger System
Lecture 67 Self Balancing Ledger Problem 1
Lecture 68 Self Balancing Ledger Problem 2
Lecture 69 Self Balancing Ledger Problem 3
Lecture 70 Contra Transactions
Lecture 71 Entries to be Passed in Credit purchase
Lecture 72 Self Balancing Ledger Problem 4
Lecture 73 Transfer entries
Lecture 74 self Balancing Ledger Problem 5
Lecture 75 self Balancing Ledger Problem 6
Lecture 76 self Balancing Ledger Problem 7
Section 4: Accounting for Consignment
Lecture 77 Consignment Accounting Introduction
Lecture 78 Accountiong Aspects in Consignment
Lecture 79 Accounting Entries in books of consignor
Lecture 80 Consignment Accounting Problem 1
Lecture 81 Consignment Accounting Problem 2
Lecture 82 Consignment Accounting Problem 3
Lecture 83 Accounting Entries in the Book of Consignee
Lecture 84 Consignment Account Problem 4
Lecture 85 Consignment Account Problem 5 (Goods Lost in Fire)
Lecture 86 Consignment Account Problem 6
Lecture 87 Normal Loss
Lecture 88 Consignment Problem 7 with Normal Loss
Lecture 89 Consignment Problem 8 Computation of Cost and Invoice Price
Lecture 90 Consignment Problem 9 Computation of Profit Percentage on Cost and Selling Price
Lecture 91 Consignment Problem 10 Computation of Invoice Value of Goods Sent Out
Lecture 92 Consignment Problem 11 Computation of Abnormal Loss
Lecture 93 Consignment Problem 12 With Del Credre Commission and Bad Debts
Lecture 94 Consignment Problem 13 Computation of Commission
Lecture 95 Consignment Problem 14 Computation of Commission
Lecture 96 Consignment Problem 15 Computation of Stock Reserve
Section 5: Accounting for Joint Venture
Lecture 97 Joint Venture Introduction
Lecture 98 Separate set of Books Method
Lecture 99 Problem 1 Separate set of Books Method
Lecture 100 Problem 2 Separate set of Books Method
Lecture 101 No Separate Set of Books Maintained
Lecture 102 Problem 1 No Separate Set of Books Maintained
Lecture 103 Problem 2 No Separate Set of Books Maintained
Lecture 104 Memorandum Joint Venture A/c Method
Lecture 105 Problem 1 Memorandum Joint Venture A/c Method
Section 6: Accounting for Investments
Lecture 106 Investment Accounting
Lecture 107 Problem 1 Investment Accounting
Lecture 108 Problem 2 Investment Accounting
Lecture 109 Problem 3 Investment Accounting
Lecture 110 Accounting for Fixed Investment Securities
Lecture 111 Problem 4 Accounting for Fixed Investment Securities
Lecture 112 Problem 5 Accounting for Fixed Investment Securities
Section 7: Accounting for Insurance Claims
Lecture 113 Insurance Claim Problem 1
Lecture 114 Insurance Claim Problem 2
Lecture 115 Insurance Claim Problem 3
Lecture 116 Insurance Claim Problem 4
Lecture 117 Insurance Claim for loss of Profit Part 1
Lecture 118 Insurance Claim for loss of Profit Part 2
Lecture 119 Insurance Claim for loss of Profit Problem 1
Lecture 120 Insurance Claim for loss of Profit Problem 2
Section 8: Accounting for Bills of Exchange
Lecture 121 Introduction to Bills of Exchange
Lecture 122 Accounting Aspects in Bills of Exchange
Lecture 123 Methods of Drawing Bills of exchnage
Lecture 124 Computation of Bill Due Date
Lecture 125 Endorsement of Bill of Exchange
Lecture 126 Problem on Endorsement of Bill of Exchange
Lecture 127 Discounting of Bill
Lecture 128 Problem on Discounting of Bill
Lecture 129 Retirement of Bill
Lecture 130 Problem on Retirement of Bill
Lecture 131 Dishonour of Bill
Lecture 132 Problem on Dishonour of Bill
Lecture 133 Dishonour of Bill - Different Scenarios
Lecture 134 Renewal of Bill of Exchange
Lecture 135 Problem 1 on Renewal of Bill of Exchange
Lecture 136 Problem 2 on Renewal of Bill of Exchange
Lecture 137 Insolvency of Customer
Lecture 138 Problem on Insolvency of Customer
Section 9: Accounting for Sale of Goods on Approval / Return Basis
Lecture 139 Introduction to Sale on Approval or Return Basis
Lecture 140 Method I Sale on Approval and Problem
Lecture 141 Method II Sale on Approval and Problem
Lecture 142 Method I Sale on Approval and Problem 2
Lecture 143 Method I Sale on Approval and Problem 3
Lecture 144 Method I Sale on Approval and Problem 4
Lecture 145 Method I Sale on Approval and Problem 5
Lecture 146 Method I Sale on Approval and Problem 6
Section 10: Depreciation Accounting
Lecture 147 Depreciation Introduction
Lecture 148 Straight Line Method of Depreciation
Lecture 149 Problem 1 Straight Line Method of Depreciation
Lecture 150 Problem 2 Straight Line Method of Depreciation
Lecture 151 Machine Hour Depreciation Method and Problem
Lecture 152 Production Units Method of Depreciation and Problem
Lecture 153 Depletion Method of Depreciation and Problem
Lecture 154 Written Down Value Method
Section 11: Average Due Date
Lecture 155 Average Due Date Introduction
Lecture 156 Due Date
Lecture 157 Types of Problems
Lecture 158 Average Due Date Problem 1
Lecture 159 Average Due Date Problem 2
Lecture 160 Average Due Date Problem 3
Lecture 161 Average Due Date Problem 5
Section 12: Account Current
Lecture 162 Introduction to Account Current
Lecture 163 Account Current Problem 1
Lecture 164 Product Method
Lecture 165 Account Current Problem 2 Product Method
Lecture 166 Account Current Problem 3 Forward Method
Lecture 167 Account Current Problem 4 Backward Method
Lecture 168 Account Current Problem 5 Interest Method
Lecture 169 Account Current Problem 6 Product Method
Lecture 170 Red Ink Interest Method
Lecture 171 Account Current Problem 7 Red Ink Interest Method
Lecture 172 Account Current Problem 8 Different Interest Rates
Section 13: Accounting For Construction Contract
Lecture 173 Construction Contract and its Type
Lecture 174 Objectives of Accounting for Construction Contract
Lecture 175 Applicability of AS7
Lecture 176 Measurement of Contract Revenue
Lecture 177 Contract Costs - Inclusion and Exclusions
Lecture 178 Basic Principles of Recognition of Revenue and Expenses
Lecture 179 Composition of Contract Revenue
Lecture 180 Provision for Expected Losses
Lecture 181 Effect of change in estimate in Construcition Contract
Lecture 182 Accounting Disclosures by Construction Contractors as per AS 7
Lecture 183 Contract Accounting Case Study 1
Lecture 184 Contract Accounting Case Study 2
Lecture 185 Contract Accounting Case Study 3
Section 14: Revenue Recognition
Lecture 186 Revenue Recognition - Introduction
Lecture 187 Item excluded in Revenue Definition
Lecture 188 Timing of Revenue Recognition
Lecture 189 Conditions of Revenue Recognition
Lecture 190 Revenue Recognition when goods are sold subject to conditions
Lecture 191 Revenue from Rendering of service
Lecture 192 Special Treatment of Revenue Recognition
Lecture 193 When Revenue from sale of goods can berecognised?
Lecture 194 Treatment of interdepartmental Transfer
Lecture 195 Revenue Recognition Case Study 1
Lecture 196 Revenue Recognition Case Study 2
Lecture 197 Revenue Recognition Case Study 3
Lecture 198 Revenue Recognition Case Study 4
Lecture 199 Revenue Recognition Case Study 5
Lecture 200 Revenue Recognition Case Study 6
Lecture 201 Revenue Recognition Case Study 7
Lecture 202 Revenue Recognition Case Study 8
Section 15: Accounting for Computer Software
Lecture 203 Introduction to Computer Software Accounting
Lecture 204 Software Acquired for Internal Use
Lecture 205 Internally Generated Computer Software
Section 16: Accounting for Banking Companies.
Lecture 206 Introduction -Banking
Lecture 207 Banking, Banking Companies & Exceptions
Lecture 208 Important Provisions of Banking Regulation Act
Lecture 209 Important Provisions of Banking Regulation Act Part 2
Lecture 210 Banks Book Keeping System
Lecture 211 Case 1 Accounting Treatment of Interest Income - Bank Loans
Lecture 212 Case 2 Accounting Treatment of Interest Income - Bank Loans
Lecture 213 Case 3 Accounting Treatment of Interest Income - Bank Loans
Lecture 214 Case 4 Computation of Provision
Lecture 215 Case 5 Computation of Provision
Lecture 216 Case 6 Computation of Provision
Lecture 217 Case 7 Computation of Provision
Lecture 218 Case 8 Computation of Provision
Lecture 219 Case 9 Computation of Provision
Section 17: Accounting For Hospitals
Lecture 220 Introduction Accounting for Hospitals
Lecture 221 Expenses Recognitionby Hospitals
Lecture 222 Allocation of Revenue
Lecture 223 Realisation of Revenue
Section 18: Accounting for Royalties
Lecture 224 What is Royalty?
Lecture 225 What is Minimum Rent / Dead Rent in Royalty?
Lecture 226 Short workings / Excess Workings and Ground Rent
Lecture 227 Recoupment of Shortworkings
Lecture 228 Accounting treatment of Shortworkings
Lecture 229 Accounting entries in the books of lessee / licencee
Lecture 230 Case Study 1 - Royalty Account - with Shortworking Adjustments
Lecture 231 Case Study 2 - Royalty Account -with Shortworking Adjustments
Section 19: Accounting for Hire Purchase Transactions
Lecture 232 Hire Purchase and Installment sale
Lecture 233 situation I - When Rate of Interest, Cash Price & Interest given
Lecture 234 Situation II-When Rate of Int. & Inst. given but cash price not given
Lecture 235 Situation III-When only Inst. are given but cash price & rate of Int. not given
Lecture 236 Situation IV-Ref. to annuity table,rate of Int.&inst. given but not cash price
Lecture 237 Accounting Treatment in Hire Purchaser Books
Lecture 238 Accounting effect of HP default and Repossession
Lecture 239 Case Study - Hire Purchase Default and Repossession
Lecture 240 Case Study - Hire Purchase Default and Partial Repossession
Section 20: Inventory Valuation
Lecture 241 Introduction to Inventory
Lecture 242 Significance of Inventory Valuation
Lecture 243 Valuation of Inventory
Lecture 244 Components of Cost
Lecture 245 Exclusion from Cost
Lecture 246 Net Realisable Value
Lecture 247 Techniques for Inventory Valuation
Lecture 248 Specific Identification Method
Lecture 249 FIFO Method of Valuation
Lecture 250 LIFO Method of Valuation
Lecture 251 Case Study for FIFO Method
Lecture 252 Case Study FIFO Method
Lecture 253 Simple Average Price Method
Lecture 254 Case Study Average Price Method
Lecture 255 Weighted Average Price Method
Lecture 256 Case Study on Simple Average and Weighted Average Method
Lecture 257 Case Study Weighted Average Price Method
Lecture 258 Case Study Weighted Average Price Method Inventory Ledger
Lecture 259 Retail or Adjusted Selling Price Method
Lecture 260 Case Study on Retail or Adjusted Selling Price Method
Lecture 261 Case Study 1 Adjusted Selling Price Method
Lecture 262 Case Study 2 Adjusted Selling Price Method
Section 21: Final Accounts of Sole Proprietors
Lecture 263 Introduction to Final Accounts of Sole Proprietors
Lecture 264 Introduction to Final Accounts of Non Manufacturing Entities
Lecture 265 Income Statement and Position Statement
Lecture 266 Preparation of Final Accounts - fundamental aspects
Lecture 267 Inter-relationship between two statements
Lecture 268 Matching Principle
Lecture 269 Exceptions to Matching Principle
Lecture 270 Trading Account
Lecture 271 Trading Account Items
Lecture 272 Closing entries in Trading Account
Lecture 273 Trading Account Case Study 1
Lecture 274 Trading Account Closing Entries Case Study 2
Lecture 275 Profit and Loss Account
Lecture 276 Treatment of Specific items
Lecture 277 Closing entries related to Profit and Loss account
Lecture 278 Profit and Loss Account Case Study 2
Lecture 279 Adjustments in Final Accounts
Lecture 280 Provision for Doubtful Debts Case Study 4
Lecture 281 Other Adjustments in Final Accounts
Lecture 282 Abnormal Loss of Inventory by accident or fire
Lecture 283 Goods Sent on Approval Basis
Lecture 284 Goods used other than for Sale
Lecture 285 Accounting Entry for Sales Tax
Lecture 286 Commission based on Profit
Lecture 287 Preparation of Final Accounts - Case Study 5
Lecture 288 Arrangements of Assets and Liabilities
Lecture 289 Classifications of Assets and Liabilities
Lecture 290 Preparation of Balance Sheet - Case Study 6
Lecture 291 Preparation of Revised P&L and Balance Sheet - Case Study 7
Lecture 292 Determination of Outstanding Salaries and related adjustments
Lecture 293 Opening Entry and Case Study
Lecture 294 Provisions and Reserves
Lecture 295 Provisions and Reserves Case Study 8
Lecture 296 Final Accounts of Manufacturing Entities - Introduction
Lecture 297 Manufacturing Cost
Lecture 298 Direct Manufacturing Expenses
Lecture 299 Indirect Manufacturing Expenses
Lecture 300 By Products
Lecture 301 Structure of Manufacturing Account
Lecture 302 Manufacturing Account Case Study 8
Lecture 303 Manufacturing Account Case Study 9
Section 22: Accounting for Not-for-Profit Organisations
Lecture 304 Introduction to Accounting for Non Profit Organisations
Lecture 305 Characteristics of Not-for-Profit Organisation
Lecture 306 Accounting Records of Not-for-Profit Organisations
Lecture 307 Nature of Receipts and Payment Account
Lecture 308 Case 1 Receipts and Payment Account
Lecture 309 Income and Expenditure Account
Lecture 310 Main Sources of Income
Lecture 311 Difference between Receipts and Payments Account
Lecture 312 Preparation of Income and Expenditure Account from Receipts and Payments Account
Lecture 313 Preparation of Balance Sheet
Lecture 314 Peculiar Items and its Accounting Treatment
Lecture 315 Case 2 Subscription Accounting in Income and Expenditure Account
Lecture 316 Case 3 Salaries Accounting in Income and Expenditure Account
Lecture 317 Accounting treatment of Donations
Lecture 318 Accounting treatment of Entrance and Admission Fees
Lecture 319 Accounting for Subscriptions
Lecture 320 Accounting for life members fees
Lecture 321 Case 4 Preparation of Income and Expenditure Account and Balance Sheet
Lecture 322 Case 5 Preparation of Income and Expenditure Account and Balance Sheet
Lecture 323 Case 6 Preparation of Receipts and Payment Account and Subscription Account
Lecture 324 Problem-1 Receipts and Payments
Lecture 325 Problem -2 Subscription and Related Ledgers
Lecture 326 Problem -3 Salary Account and Related Ledgers
Section 23: Advanced Partnership Accounts
Lecture 327 Partnership and Appropriation of Profits
Lecture 328 Fixed Capital and Fluctuating Capital
Lecture 329 Appropriation of Profits
Lecture 330 Fixed Capital and Fluctuating Capital Format
Lecture 331 Case 1 Fixed and Fluctuating Capital Method
Lecture 332 Difference between Fixed Capital and Fluctuating Capital Method
Lecture 333 Case 2 Fluctuating Capital Method
Lecture 334 Case 3 Fixed Capital Method
Lecture 335 Accounting Treatment for Interest on Capital
Lecture 336 Case 4 Interest on Capital
Lecture 337 Calculation of Interest on Drawings
Lecture 338 Case 1 Interest on Drawings
Lecture 339 Case 2 Comprehensive Case Study Interest on Drawings and other adjustments
Lecture 340 Case 3 Interest on Drawings uniformly at the end of every quarter
Lecture 341 Case 4 Interest on Drawings and Adjustment Entry
Lecture 342 Case 5 Adjustment for Wrong Distribution of Profits
Lecture 343 Guaranteed Partnership - Guarantee by One Partner
Lecture 344 Case 6 Guarantee by One Partner
Lecture 345 Guarantee given by Firm
Lecture 346 Case 7 Guarantee by Firm
Lecture 347 Case 8 Cross Guarantee
Lecture 348 Case 9 Guarantee by One Partner
Lecture 349 Case 10 Guarantee with retrospective effect
Lecture 350 Adjustments at the time of admission of new partner
Lecture 351 Adjustments regarding Profit Sharing Ratio and Case Study 11
Lecture 352 Adjustments regarding Profit Sharing Ratio and Case Study 12
Lecture 353 Sacrifice only by few Partners and New Profit Sharing Ratio Case Study 13
Lecture 354 Adjustment regarding Valuation of Assets and Liabilities - Revaluation Method
Lecture 355 Adjustment regarding Valuation of Assets & Liabilities-Memorandum Revaluatio Mtd
Lecture 356 Goodwill
Lecture 357 Various Scenarios for Accounting treatment of Goodwill
Lecture 358 Valuation methods of Inherent Goodwill
Lecture 359 Average Profits Method
Lecture 360 Super Profits Method
Lecture 361 Capitalisation of Profits Method
Lecture 362 Annuity Method
Lecture 363 Valuation of Goodwill Case Study 14
Lecture 364 Valuation of Goodwill Super Profit Method Case Study 15
Lecture 365 New Partner cannot pay premium and Goodwill account is raised Case 16
Lecture 366 New Partner pays for Goodwill but Goodwill appearing in Balance Sheet in Full Va
Lecture 367 Premium for Goodwill Paid Privately Case 18
Lecture 368 Premium for Goodwill in True Sense
Lecture 369 Adjustment for Accumulated Profits / Losses
Lecture 370 Adjustment Regarding Capital
Lecture 371 Case 19 Adjustment Regarding Capital
Lecture 372 Case 20 Adjustment Regarding Capital
Lecture 373 Case 21 Adjustment Regarding Capital
Lecture 374 Case 22 Adjustment Regarding Capital using Memorandum Revaluation A/c
Lecture 375 Case 23 Adjustment Regarding Capital
Lecture 376 Retirment of Partner
Lecture 377 Case 24 Retirment of Partner
Lecture 378 Rights to Share of Profit after Retirment
Lecture 379 Case 25 Right to Share of Profit after Retirement
Lecture 380 Case 26 Right to Share of Profit after Retirement
Lecture 381 Death of Partner and Accounting Implications
Lecture 382 Accounting treatment for Joint Life Policy
Lecture 383 Case 27 Accounting treatment for JLP
Lecture 384 Dissolution of Partnership Firm
Lecture 385 Settlement of Accounts on Dissolution
Lecture 386 Realisation of Assets and Liabilities
Lecture 387 Settlement of Dues of the Partners
Lecture 388 Case 28 Settlement of Dues to the Partners
Lecture 389 Case 29 Settlement of Dues to the Partners
Lecture 390 Insolvency of Partner
Lecture 391 Highest Relative Capital Method
Lecture 392 Case 1 Highest Relative Capital Method
Lecture 393 Case 2 Highest Relative Capital Method
Lecture 394 Case 3 Highest Relative Capital Method
Section 24: Amalgamation
Lecture 395 Amalgamation Introduction
Lecture 396 Difference between Amalgamation Absortpion and External Reconstruction
Lecture 397 Types of Amalgamation
Lecture 398 Purchase Consideration
Lecture 399 Case 1 Purchase Consideration
Lecture 400 Case 2 Purchase Consideration
Lecture 401 Methods of Accounting for Amalgamation
Lecture 402 Case 3 Amalgamation in nature of Merger
Lecture 403 Case 4 Amalgamation in nature of Purchase
Lecture 404 Case 5 Purchase Consideration
Lecture 405 Case 6 Purchase Consideration
Lecture 406 Journal Entries to be passed in Books of Selling Company
Lecture 407 Journal Entries to be passed in Books of Buying Company
Lecture 408 Intercompany Owings in Amalgamation
Lecture 409 Intercompany Owings - Adjustment in Value of Stock in Amalgamation
Lecture 410 Case 7 Intercompany Owings and Amalgamation
Lecture 411 Case 8 Amalgamation Closing Ledger in Selling Companies
Lecture 412 Case 9 Amalgamation Closing Ledger in Buying Company
Section 25: Profit or Loss Pre and Post Incorporation
Lecture 413 Introduction to Profit or Loss Pre and Post Incorporation
Lecture 414 Methods of Computing Profir or Loss Prior to in Incorporation
Lecture 415 Basics of Apportionment of Pre and Post Incorporation Items
Lecture 416 Case 1 Time Ratio and Sales Ratio
Lecture 417 Case 2 Preparation of Balance Sheet involving acquistion during mid of the year
Lecture 418 Case 3 Apportionment of Expenses and calculate Pre and Post Incorportion Profits
Lecture 419 Case 4 Apportionment of Cost and Revenue between Pre and Post Incorp Periods
Lecture 420 Case 5 Allocation of Expenses & Calculation of Pre and Post Incorporation Profit
Section 26: Internal Reconstruction
Lecture 421 Introduction to Internal and External Reconstruction
Lecture 422 Difference between Internal and External Reconstruction
Lecture 423 Methods of Internal Reconstruction
Lecture 424 Alteration of Share Capital
Lecture 425 Conversion of fully paid shares into stock and vice versa
Lecture 426 Variation of Share holders Rights
Lecture 427 Reduction of Share Capitals
Lecture 428 Compromise / Arrangements
Lecture 429 Surrender of Shares
Lecture 430 Entries in case of internal Reconstruction
Lecture 431 Case 1 Alteration of Share Capital
Lecture 432 Case Study 2 Conversion of Fully Paid Shares into Stock and Stock into Shares
Lecture 433 Case Study 3 Journal Entries for Scheme of Reconstruction
Lecture 434 Case Study 4 Journal Entries & Balance Sheet for Scheme of Reconstruction Part 1
Lecture 435 Case Study 4 Journal Entries & Balance Sheet for Scheme of Reconstruction Part 2
Section 27: Financial Statements of Companies
Lecture 436 What is Company?
Lecture 437 Different Types of Companies
Lecture 438 Government Company
Lecture 439 Private Company and Public Company
Lecture 440 Holding Company and Subsidiary Company
Lecture 441 Maintenance of Books of Accounts
Lecture 442 Statutory Books
Lecture 443 Annual Return
Lecture 444 Final Accounts
Lecture 445 Managerial Remuneration and Sec 197 & 198
Lecture 446 Schedule V of Companies Act 2013
Lecture 447 Sec I & II of Part II of Schedule V Companies Act 2013
Lecture 448 Sec III of Part II of Schedule V Companies Act 2013
Lecture 449 Sec IV of Part II of Schedule V Companies Act 2013
Lecture 450 Effective Capital
Lecture 451 Section V Remuneration payable to a Managerial Person in two companies
Lecture 452 Ascertainment of Profit for Managerial Remuneration
Lecture 453 Divisible Profits, Dividend and Provision for Depreciation
Lecture 454 Declaration and Payment of Dividend
Lecture 455 Transfer to Reserves
Lecture 456 Capital Reserves
Lecture 457 Declaration of Dividend
Lecture 458 Dividend on Preference and Partly Paid Shares
Lecture 459 Payment of Dividend
Lecture 460 Dividend Distribution Tax - Meaning, Accounting, Disclosure and Presentation
Section 28: Ind AS 1 Presentation of Financial Statements
Lecture 461 Introduction to Ind AS 1
Lecture 462 Scope of Ind AS 1
Lecture 463 What are General Purpose Financial Statements?
Lecture 464 What are complete set of Financial Statements?
Lecture 465 Presentation of True and Fair View and its compliance with Ind AS
Lecture 466 Whether departure from requirements of Ind AS is permissible / possible?
Lecture 467 Case 1 Deviation from Ind AS
Lecture 468 Going Concern Assumption
Lecture 469 Going Concern Case Study
Lecture 470 Accrual Basis of Accounting
Lecture 471 Materiality and Aggregation
Lecture 472 Offsetting with Case Study
Lecture 473 Frequency of Reporting
Lecture 474 Comparitive Information in Financial Statements
Lecture 475 Change in Accounting Policies, retrospective restatement or reclassification
Lecture 476 Consistency of Presentation of Financial Statements
Lecture 477 Structure and Content of Financial Statements as per Ind AS 1
Lecture 478 Balance Sheet minimum requirements as per Ind AS 1
Lecture 479 Distinction between Current and Non Current Items
Lecture 480 What are Current Assets (as per Ind AS 1) ?
Lecture 481 Current Asset Examples
Lecture 482 What is Operating Cycle (as per Ind AS 1)?
Lecture 483 What are Current Liabilities? (as per Ind AS 1)
Lecture 484 Classification of liability in case of refinance / rollover
Lecture 485 Case Study on Classification of liability in case of refinance / rollover
Lecture 486 Classification of Liability in case of breach of provision of long term contract
Lecture 487 Case study on Classification of liability in case of breach of provision of long
Lecture 488 Case Study 1 on Current Asset Classification as per Ind AS 1
Lecture 489 Case Study 2 on Current Asset Classification as per Ind AS 1
Lecture 490 Case Study 3 on Current Asset Classification as per Ind AS 1
Lecture 491 Electiricty Deposit - Current Asset or Non Current Asset?
Lecture 492 Tender Deposit / EMD - Current or Non Current?
Lecture 493 GST Deposit in dispute - Current or Non Current?
Lecture 494 Income received in advance - Current or Non Current?
Lecture 495 Information required io be presented in Balance Sheet
Lecture 496 Information required io be presented in Statement of Profit and Loss
Section 29: Computerised Accounting System
Lecture 497 Introduction to Computerised Accounting System
Lecture 498 Significance of Computerised Accounting System'
Lecture 499 Codification and Grouping of Accounts
Lecture 500 Maintaining the Hierarchy of Ledgers
Lecture 501 Accounting Packages
Lecture 502 Spread sheet Advantages and Disadvantages
Lecture 503 Prepackaged Accounting Softwares
Lecture 504 Advantages and Disadvantages of Prepackaged Accounting Software
Lecture 505 Consideration for selection of Pre-packaged Accounting Software
Section 30: Accounting of Insurance Companies
Lecture 506 Introduction to Insurance and types of Policies
Lecture 507 Principles of Insurance
Lecture 508 Difference between Life and Non Life Insurance
Lecture 509 Important Provisions of Insurance Act 1938
Lecture 510 Amendments by Insurance Regulatory and Development Authority Act 1999
Lecture 511 Books to be maintained by Insurance Companies
Lecture 512 Important Provisions of LIC Act 1956
Lecture 513 Annuity Business, Surrender Value and Paid Up Policy
Lecture 514 Bonus and Bonus in Reduction of Premium
Lecture 515 Claims and Accounting Aspects
Lecture 516 Commission, Re-Insurance, Double Insurance and Ceding Company
Lecture 517 Life Assurance Fund
Lecture 518 Valuation Balance Sheet
Lecture 519 Case Study on Life Assurance Fund
Lecture 520 Case Study 1 on Valuation Balance Sheet
Lecture 521 Case Study 2 on Valuation Balance Sheet
Section 31: Accounts from Incomplete Records
Lecture 522 Introduction to Single Entry System
Lecture 523 Features of Single Entry System
Lecture 524 Types of Single Entry
Lecture 525 Techniques of obtaining complete accounting information
Lecture 526 Derivation of Information from Cash Book
Lecture 527 Analysis of Sales Ledger & Purchase Ledger
Lecture 528 Distinction between Business Expenses & Drawings
Lecture 529 Fresh Investment by Proprietors / Partners
Lecture 530 Ascertainment of Profit by Capital Comparison - Single Entry System
Lecture 531 Methods of Capital Comparison
Lecture 532 Statement of Affairs Format for Ascertaining Capital Position
Lecture 533 Difference between Statement of Affairs and Balance Sheet
Lecture 534 Statement of Affairs & Profit Computation Case 1
Lecture 535 Statement of Affairs & Profit Compuation Case 2
Lecture 536 Suppressed Income Case 3
Lecture 537 Case Study - Prepare Trading P&L and Balance Sheet
Section 32: Liquidation of Companies
Lecture 538 Liquidation / Winding Up of Company
Lecture 539 Circumstance for Winding Up Company by Tribunal
Lecture 540 Petition for Winding Up to Tribunal
Lecture 541 Voluntary Winding Up (Sec 59 of Insolvency & Bankruptcy Code 2016)
Section 33: Issue of Bonus Shares
Lecture 542 Issue of Bonus Shares - An Introduction
Lecture 543 Bounus Issue - Companies Act related provisions
Lecture 544 Case study - Journal Entries after bonus issue (Part 1/2)
Lecture 545 Case study - Extract of Balance Sheet after bonus issue (Part 1/2)
Section 34: Q&A Compedium
Lecture 546 How to arrive at value of unfinished goods
Section 35: FINAL SECTION
Lecture 547 Bonus Lecture
CA IPCC / CMA Inter / CS Inter / B.Com., BBA Students


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What you'll learn
Understand Branch Accounts
Understand Departmental Accounts
Understand Self Balancing Ledger
Understand Accounting for Consignment
Understand Accounting for Joint Venture
Understand Accounting for Investments
Understand Accounting for Insurance Claims
Understand Accounting for Bills of Exchange
Understand Accounting for Sale of Goods on Approval / Return Basis
Understand Depreciation Accounting
Understand Average Due DAte
Understand Account Current
Understand Accounting For Construction Contract
Understand Revenue Recognition
Understand Accounting for Computer Software
Understand Accounting for Banking Companies.
Understand Accounting For Hospitals
Understand Accounting for Royalties
Understand Accounting for Hire Purchase Transactions
Understand Inventory Valuation
Understand Final Accounts of Sole Proprietors
Understand Accounting for Not-for-Profit Organisations
Requirements
Basics of Accounting
Description
Who should take this course?Are you struggling in understanding Accounting concepts and techniques related to Branch Accounts, Departmental Accounts, Royalty Accounts, Hire Purchase Accounts, Accounting for Bills of Exchange, Consignment Accounting, Joint Venture Accounting, Investment Accounting, Insurance Claim Accounting, Accounting for Banking and Insurance Companies, Average Due Date, Account Current, etc? Are you a student pursuing professional courses like CA / CMA / CS / CFA /CPA / ACCA / CIMA / MBA Finance or are you a Finance Professional / Banker aspiring to excel in Accounting Techniques and rise to top in your career? Then this course is for you - Advanced Accounting A Study.Why you should take this course?By taking this course, you will be able to see practical side of Accounting concepts with lot many case studies to solve. Approaching complex topics through case studies is the best way to understand them and you will find lot many in this course.Theoretical back ground for each and every topic will be explained followed by numerous case studies and most of them will be past examination tested problems which will help you to excel in Academic Examinations as well as in real life.If you are an Accounting or Finance or Cost Accounting Executive, this course will help you to brush up your basics in Accounting and all the contents have immediate practical relevance and application. What you will learn by taking this course? This is a comprehensive course, covering each and every topic in detail. In this course,you will learn the Advanced Accounting concepts, theories, and techniques which deals with conceptual frame work. You will be exposed to following concepts and Techniques through various video lectures, quizzes and presentations: a) Branch Accounts b) Departmental Accounts c) Accounting for Royaltiesd) Accounting for Hire Purchase Transactionse) Self Balancing Ledgersf) Sectional Balancing Ledgersg) Accounting for Service Sectors, Project Accounting, etc.h) Accounting for Service Sectors like Software, ITES, Telecommunication, Entertainment, Hospital, Educational Institutions.i) Accounting for Special Transactions - Bill of Exchangej) Accounting for Special Transactions - Consignmentk) Accounting for Special Transactions - Joint Venturel) Accounting for Special Transactions - Sale of goods on Approval or Return Basism) Accounting for Special Transactions - Account Currentn) Accounting for Special Transactions - Investment Accountso) Accounting for Special Transactions - Insurance Claim (Loss of Stock and Loss of Profit)p) Accounting for Banking, Electricity and Insurance Companies.How this course is structured?This course is structured in self paced learning style. Each and every section of this course is broken down as various micro lectures and then they are substantiated with examples and case studies. Several real world examples are used in this course through case studies. You'll gain authority on each and every topic as i take you through lectures one by one. This course is presented in simple language with examples. This course has video lectures (with writings on Black / Green Board / Note book / Talking head, etc). You would feel you are attending a real class. What are the pre-requisites for taking this course?You should have basic knowledge of Accounting. You would require good internet connection for interruption free learning process. How this course will benefit you?At the end of the course, you will be able to solve various case studies in Advanced Accounting at ease with high level of confidence. This course will equip you for approaching above listed professional examinations with confidence as well hand real life problems with clarity. Happy Learning and Best Wishes!
Overview
Section 1: Branch Accounts
Lecture 1 Welcome Lecture
Lecture 2 Introduction to Branch Accounts
Lecture 3 Dependent Branches and Features
Lecture 4 Accounting for dependents branches
Lecture 5 Debtors system in branch accounts
Lecture 6 Accounting Entries Debtors System
Lecture 7 Dependent Branches Problem 1
Lecture 8 Dependent Branches Problem 2
Lecture 9 Dependent Branches Problem 3
Lecture 10 Dependent Branches Problem 4
Lecture 11 Dependent Branches Problem 5
Lecture 12 Goods invoiced at SP to Branches & Its Accounting Aspects
Lecture 13 Dependent Branches Problem 6 (invoice @ SP)
Lecture 14 Dependent Branches Problem 7 (invoice @ SP)
Lecture 15 Dependent Branches Problem 8 (invoice @ SP)
Lecture 16 Case Study Branch Account Gross Profit
Lecture 17 Stock and Debtors system
Lecture 18 Problem 9 Stock and Debtors System
Lecture 19 Problem 10 Stock and Debtors System
Lecture 20 Problem 11 stock and Debtors System
Lecture 21 Final Accounts Method
Lecture 22 Problem 12 Branch Trading & P&L A/c (cost)
Lecture 23 Problem 13 Branch Trading A/c (Invoice Price)
Lecture 24 Problem 14 Branch Trading P&L A/c (Invoice Price)
Lecture 25 Case Study Debtors method and Final Accounts
Lecture 26 Problem 15 on stock and Debtors system
Lecture 27 Problem 16 Stock and Debtors System
Lecture 28 Case Study Stock & Debtors Method
Lecture 29 Whole Sale Branch system
Lecture 30 Problem 17 Whole Sale Branch system
Lecture 31 Problem 18 Whole Sale Branch system
Lecture 32 Problem 19 Whole Sale Branch system
Lecture 33 Independent Branches Introduction
Lecture 34 Independent Branches Accounting Entry Part 1
Lecture 35 Independent Branches Accounting Entry Part 2
Lecture 36 Independent Branches Problem 20
Lecture 37 Independent Branches Problem 21
Lecture 38 Independent Branches Problem 22
Lecture 39 Independent Branches Problem 23
Lecture 40 Incorporation of Branch Trial Balance
Lecture 41 Incorporation of Branch Trial Balance Problem 24
Lecture 42 How to Close Books of Branches
Lecture 43 Closure of Branch books Problem 25
Lecture 44 Closure of Branch books Problem 26
Lecture 45 Closure of Branch books Problem 27
Lecture 46 Integral and Non Integral Foregin Branch
Lecture 47 Indicators of Non Integral Foreign Operation
Lecture 48 Techniques for Foreign Currency Translation Integral Foreign Operation
Lecture 49 Techniques for Foreign Currency Translation Non Integral Foreign Operation
Lecture 50 Case 1 Integral Foreign Operation Trial Balance
Lecture 51 Case 2 Integral Foreign Operation P&L and Balance Sheet
Section 2: Departmental Accounts
Lecture 52 Departmental Accounts Introduction
Lecture 53 Apportionment of Expenses
Lecture 54 Departmental Accounts Problem 1
Lecture 55 Departmental Accounts Problem 2
Lecture 56 Inter Departmental Transfers
Lecture 57 Inter Departmental Transfers Problem 3
Lecture 58 Inter Departmental Transfers Problem 4
Lecture 59 Inter Departmental Transfers Problem 5
Lecture 60 Inter Departmental Transfers Problem 6
Lecture 61 Departmental Accounts Problem 7
Lecture 62 Departmental Accounts Problem 8
Lecture 63 Departmental Accounts Problem 9
Lecture 64 Case Study Departmental Trading and P&L Account
Lecture 65 Case Study Departmental Trading and P&L Account (with Stock Adjustment and Profi
Section 3: Self Balancing Ledger
Lecture 66 Introduction to Self Balancing Ledger System
Lecture 67 Self Balancing Ledger Problem 1
Lecture 68 Self Balancing Ledger Problem 2
Lecture 69 Self Balancing Ledger Problem 3
Lecture 70 Contra Transactions
Lecture 71 Entries to be Passed in Credit purchase
Lecture 72 Self Balancing Ledger Problem 4
Lecture 73 Transfer entries
Lecture 74 self Balancing Ledger Problem 5
Lecture 75 self Balancing Ledger Problem 6
Lecture 76 self Balancing Ledger Problem 7
Section 4: Accounting for Consignment
Lecture 77 Consignment Accounting Introduction
Lecture 78 Accountiong Aspects in Consignment
Lecture 79 Accounting Entries in books of consignor
Lecture 80 Consignment Accounting Problem 1
Lecture 81 Consignment Accounting Problem 2
Lecture 82 Consignment Accounting Problem 3
Lecture 83 Accounting Entries in the Book of Consignee
Lecture 84 Consignment Account Problem 4
Lecture 85 Consignment Account Problem 5 (Goods Lost in Fire)
Lecture 86 Consignment Account Problem 6
Lecture 87 Normal Loss
Lecture 88 Consignment Problem 7 with Normal Loss
Lecture 89 Consignment Problem 8 Computation of Cost and Invoice Price
Lecture 90 Consignment Problem 9 Computation of Profit Percentage on Cost and Selling Price
Lecture 91 Consignment Problem 10 Computation of Invoice Value of Goods Sent Out
Lecture 92 Consignment Problem 11 Computation of Abnormal Loss
Lecture 93 Consignment Problem 12 With Del Credre Commission and Bad Debts
Lecture 94 Consignment Problem 13 Computation of Commission
Lecture 95 Consignment Problem 14 Computation of Commission
Lecture 96 Consignment Problem 15 Computation of Stock Reserve
Section 5: Accounting for Joint Venture
Lecture 97 Joint Venture Introduction
Lecture 98 Separate set of Books Method
Lecture 99 Problem 1 Separate set of Books Method
Lecture 100 Problem 2 Separate set of Books Method
Lecture 101 No Separate Set of Books Maintained
Lecture 102 Problem 1 No Separate Set of Books Maintained
Lecture 103 Problem 2 No Separate Set of Books Maintained
Lecture 104 Memorandum Joint Venture A/c Method
Lecture 105 Problem 1 Memorandum Joint Venture A/c Method
Section 6: Accounting for Investments
Lecture 106 Investment Accounting
Lecture 107 Problem 1 Investment Accounting
Lecture 108 Problem 2 Investment Accounting
Lecture 109 Problem 3 Investment Accounting
Lecture 110 Accounting for Fixed Investment Securities
Lecture 111 Problem 4 Accounting for Fixed Investment Securities
Lecture 112 Problem 5 Accounting for Fixed Investment Securities
Section 7: Accounting for Insurance Claims
Lecture 113 Insurance Claim Problem 1
Lecture 114 Insurance Claim Problem 2
Lecture 115 Insurance Claim Problem 3
Lecture 116 Insurance Claim Problem 4
Lecture 117 Insurance Claim for loss of Profit Part 1
Lecture 118 Insurance Claim for loss of Profit Part 2
Lecture 119 Insurance Claim for loss of Profit Problem 1
Lecture 120 Insurance Claim for loss of Profit Problem 2
Section 8: Accounting for Bills of Exchange
Lecture 121 Introduction to Bills of Exchange
Lecture 122 Accounting Aspects in Bills of Exchange
Lecture 123 Methods of Drawing Bills of exchnage
Lecture 124 Computation of Bill Due Date
Lecture 125 Endorsement of Bill of Exchange
Lecture 126 Problem on Endorsement of Bill of Exchange
Lecture 127 Discounting of Bill
Lecture 128 Problem on Discounting of Bill
Lecture 129 Retirement of Bill
Lecture 130 Problem on Retirement of Bill
Lecture 131 Dishonour of Bill
Lecture 132 Problem on Dishonour of Bill
Lecture 133 Dishonour of Bill - Different Scenarios
Lecture 134 Renewal of Bill of Exchange
Lecture 135 Problem 1 on Renewal of Bill of Exchange
Lecture 136 Problem 2 on Renewal of Bill of Exchange
Lecture 137 Insolvency of Customer
Lecture 138 Problem on Insolvency of Customer
Section 9: Accounting for Sale of Goods on Approval / Return Basis
Lecture 139 Introduction to Sale on Approval or Return Basis
Lecture 140 Method I Sale on Approval and Problem
Lecture 141 Method II Sale on Approval and Problem
Lecture 142 Method I Sale on Approval and Problem 2
Lecture 143 Method I Sale on Approval and Problem 3
Lecture 144 Method I Sale on Approval and Problem 4
Lecture 145 Method I Sale on Approval and Problem 5
Lecture 146 Method I Sale on Approval and Problem 6
Section 10: Depreciation Accounting
Lecture 147 Depreciation Introduction
Lecture 148 Straight Line Method of Depreciation
Lecture 149 Problem 1 Straight Line Method of Depreciation
Lecture 150 Problem 2 Straight Line Method of Depreciation
Lecture 151 Machine Hour Depreciation Method and Problem
Lecture 152 Production Units Method of Depreciation and Problem
Lecture 153 Depletion Method of Depreciation and Problem
Lecture 154 Written Down Value Method
Section 11: Average Due Date
Lecture 155 Average Due Date Introduction
Lecture 156 Due Date
Lecture 157 Types of Problems
Lecture 158 Average Due Date Problem 1
Lecture 159 Average Due Date Problem 2
Lecture 160 Average Due Date Problem 3
Lecture 161 Average Due Date Problem 5
Section 12: Account Current
Lecture 162 Introduction to Account Current
Lecture 163 Account Current Problem 1
Lecture 164 Product Method
Lecture 165 Account Current Problem 2 Product Method
Lecture 166 Account Current Problem 3 Forward Method
Lecture 167 Account Current Problem 4 Backward Method
Lecture 168 Account Current Problem 5 Interest Method
Lecture 169 Account Current Problem 6 Product Method
Lecture 170 Red Ink Interest Method
Lecture 171 Account Current Problem 7 Red Ink Interest Method
Lecture 172 Account Current Problem 8 Different Interest Rates
Section 13: Accounting For Construction Contract
Lecture 173 Construction Contract and its Type
Lecture 174 Objectives of Accounting for Construction Contract
Lecture 175 Applicability of AS7
Lecture 176 Measurement of Contract Revenue
Lecture 177 Contract Costs - Inclusion and Exclusions
Lecture 178 Basic Principles of Recognition of Revenue and Expenses
Lecture 179 Composition of Contract Revenue
Lecture 180 Provision for Expected Losses
Lecture 181 Effect of change in estimate in Construcition Contract
Lecture 182 Accounting Disclosures by Construction Contractors as per AS 7
Lecture 183 Contract Accounting Case Study 1
Lecture 184 Contract Accounting Case Study 2
Lecture 185 Contract Accounting Case Study 3
Section 14: Revenue Recognition
Lecture 186 Revenue Recognition - Introduction
Lecture 187 Item excluded in Revenue Definition
Lecture 188 Timing of Revenue Recognition
Lecture 189 Conditions of Revenue Recognition
Lecture 190 Revenue Recognition when goods are sold subject to conditions
Lecture 191 Revenue from Rendering of service
Lecture 192 Special Treatment of Revenue Recognition
Lecture 193 When Revenue from sale of goods can berecognised?
Lecture 194 Treatment of interdepartmental Transfer
Lecture 195 Revenue Recognition Case Study 1
Lecture 196 Revenue Recognition Case Study 2
Lecture 197 Revenue Recognition Case Study 3
Lecture 198 Revenue Recognition Case Study 4
Lecture 199 Revenue Recognition Case Study 5
Lecture 200 Revenue Recognition Case Study 6
Lecture 201 Revenue Recognition Case Study 7
Lecture 202 Revenue Recognition Case Study 8
Section 15: Accounting for Computer Software
Lecture 203 Introduction to Computer Software Accounting
Lecture 204 Software Acquired for Internal Use
Lecture 205 Internally Generated Computer Software
Section 16: Accounting for Banking Companies.
Lecture 206 Introduction -Banking
Lecture 207 Banking, Banking Companies & Exceptions
Lecture 208 Important Provisions of Banking Regulation Act
Lecture 209 Important Provisions of Banking Regulation Act Part 2
Lecture 210 Banks Book Keeping System
Lecture 211 Case 1 Accounting Treatment of Interest Income - Bank Loans
Lecture 212 Case 2 Accounting Treatment of Interest Income - Bank Loans
Lecture 213 Case 3 Accounting Treatment of Interest Income - Bank Loans
Lecture 214 Case 4 Computation of Provision
Lecture 215 Case 5 Computation of Provision
Lecture 216 Case 6 Computation of Provision
Lecture 217 Case 7 Computation of Provision
Lecture 218 Case 8 Computation of Provision
Lecture 219 Case 9 Computation of Provision
Section 17: Accounting For Hospitals
Lecture 220 Introduction Accounting for Hospitals
Lecture 221 Expenses Recognitionby Hospitals
Lecture 222 Allocation of Revenue
Lecture 223 Realisation of Revenue
Section 18: Accounting for Royalties
Lecture 224 What is Royalty?
Lecture 225 What is Minimum Rent / Dead Rent in Royalty?
Lecture 226 Short workings / Excess Workings and Ground Rent
Lecture 227 Recoupment of Shortworkings
Lecture 228 Accounting treatment of Shortworkings
Lecture 229 Accounting entries in the books of lessee / licencee
Lecture 230 Case Study 1 - Royalty Account - with Shortworking Adjustments
Lecture 231 Case Study 2 - Royalty Account -with Shortworking Adjustments
Section 19: Accounting for Hire Purchase Transactions
Lecture 232 Hire Purchase and Installment sale
Lecture 233 situation I - When Rate of Interest, Cash Price & Interest given
Lecture 234 Situation II-When Rate of Int. & Inst. given but cash price not given
Lecture 235 Situation III-When only Inst. are given but cash price & rate of Int. not given
Lecture 236 Situation IV-Ref. to annuity table,rate of Int.&inst. given but not cash price
Lecture 237 Accounting Treatment in Hire Purchaser Books
Lecture 238 Accounting effect of HP default and Repossession
Lecture 239 Case Study - Hire Purchase Default and Repossession
Lecture 240 Case Study - Hire Purchase Default and Partial Repossession
Section 20: Inventory Valuation
Lecture 241 Introduction to Inventory
Lecture 242 Significance of Inventory Valuation
Lecture 243 Valuation of Inventory
Lecture 244 Components of Cost
Lecture 245 Exclusion from Cost
Lecture 246 Net Realisable Value
Lecture 247 Techniques for Inventory Valuation
Lecture 248 Specific Identification Method
Lecture 249 FIFO Method of Valuation
Lecture 250 LIFO Method of Valuation
Lecture 251 Case Study for FIFO Method
Lecture 252 Case Study FIFO Method
Lecture 253 Simple Average Price Method
Lecture 254 Case Study Average Price Method
Lecture 255 Weighted Average Price Method
Lecture 256 Case Study on Simple Average and Weighted Average Method
Lecture 257 Case Study Weighted Average Price Method
Lecture 258 Case Study Weighted Average Price Method Inventory Ledger
Lecture 259 Retail or Adjusted Selling Price Method
Lecture 260 Case Study on Retail or Adjusted Selling Price Method
Lecture 261 Case Study 1 Adjusted Selling Price Method
Lecture 262 Case Study 2 Adjusted Selling Price Method
Section 21: Final Accounts of Sole Proprietors
Lecture 263 Introduction to Final Accounts of Sole Proprietors
Lecture 264 Introduction to Final Accounts of Non Manufacturing Entities
Lecture 265 Income Statement and Position Statement
Lecture 266 Preparation of Final Accounts - fundamental aspects
Lecture 267 Inter-relationship between two statements
Lecture 268 Matching Principle
Lecture 269 Exceptions to Matching Principle
Lecture 270 Trading Account
Lecture 271 Trading Account Items
Lecture 272 Closing entries in Trading Account
Lecture 273 Trading Account Case Study 1
Lecture 274 Trading Account Closing Entries Case Study 2
Lecture 275 Profit and Loss Account
Lecture 276 Treatment of Specific items
Lecture 277 Closing entries related to Profit and Loss account
Lecture 278 Profit and Loss Account Case Study 2
Lecture 279 Adjustments in Final Accounts
Lecture 280 Provision for Doubtful Debts Case Study 4
Lecture 281 Other Adjustments in Final Accounts
Lecture 282 Abnormal Loss of Inventory by accident or fire
Lecture 283 Goods Sent on Approval Basis
Lecture 284 Goods used other than for Sale
Lecture 285 Accounting Entry for Sales Tax
Lecture 286 Commission based on Profit
Lecture 287 Preparation of Final Accounts - Case Study 5
Lecture 288 Arrangements of Assets and Liabilities
Lecture 289 Classifications of Assets and Liabilities
Lecture 290 Preparation of Balance Sheet - Case Study 6
Lecture 291 Preparation of Revised P&L and Balance Sheet - Case Study 7
Lecture 292 Determination of Outstanding Salaries and related adjustments
Lecture 293 Opening Entry and Case Study
Lecture 294 Provisions and Reserves
Lecture 295 Provisions and Reserves Case Study 8
Lecture 296 Final Accounts of Manufacturing Entities - Introduction
Lecture 297 Manufacturing Cost
Lecture 298 Direct Manufacturing Expenses
Lecture 299 Indirect Manufacturing Expenses
Lecture 300 By Products
Lecture 301 Structure of Manufacturing Account
Lecture 302 Manufacturing Account Case Study 8
Lecture 303 Manufacturing Account Case Study 9
Section 22: Accounting for Not-for-Profit Organisations
Lecture 304 Introduction to Accounting for Non Profit Organisations
Lecture 305 Characteristics of Not-for-Profit Organisation
Lecture 306 Accounting Records of Not-for-Profit Organisations
Lecture 307 Nature of Receipts and Payment Account
Lecture 308 Case 1 Receipts and Payment Account
Lecture 309 Income and Expenditure Account
Lecture 310 Main Sources of Income
Lecture 311 Difference between Receipts and Payments Account
Lecture 312 Preparation of Income and Expenditure Account from Receipts and Payments Account
Lecture 313 Preparation of Balance Sheet
Lecture 314 Peculiar Items and its Accounting Treatment
Lecture 315 Case 2 Subscription Accounting in Income and Expenditure Account
Lecture 316 Case 3 Salaries Accounting in Income and Expenditure Account
Lecture 317 Accounting treatment of Donations
Lecture 318 Accounting treatment of Entrance and Admission Fees
Lecture 319 Accounting for Subscriptions
Lecture 320 Accounting for life members fees
Lecture 321 Case 4 Preparation of Income and Expenditure Account and Balance Sheet
Lecture 322 Case 5 Preparation of Income and Expenditure Account and Balance Sheet
Lecture 323 Case 6 Preparation of Receipts and Payment Account and Subscription Account
Lecture 324 Problem-1 Receipts and Payments
Lecture 325 Problem -2 Subscription and Related Ledgers
Lecture 326 Problem -3 Salary Account and Related Ledgers
Section 23: Advanced Partnership Accounts
Lecture 327 Partnership and Appropriation of Profits
Lecture 328 Fixed Capital and Fluctuating Capital
Lecture 329 Appropriation of Profits
Lecture 330 Fixed Capital and Fluctuating Capital Format
Lecture 331 Case 1 Fixed and Fluctuating Capital Method
Lecture 332 Difference between Fixed Capital and Fluctuating Capital Method
Lecture 333 Case 2 Fluctuating Capital Method
Lecture 334 Case 3 Fixed Capital Method
Lecture 335 Accounting Treatment for Interest on Capital
Lecture 336 Case 4 Interest on Capital
Lecture 337 Calculation of Interest on Drawings
Lecture 338 Case 1 Interest on Drawings
Lecture 339 Case 2 Comprehensive Case Study Interest on Drawings and other adjustments
Lecture 340 Case 3 Interest on Drawings uniformly at the end of every quarter
Lecture 341 Case 4 Interest on Drawings and Adjustment Entry
Lecture 342 Case 5 Adjustment for Wrong Distribution of Profits
Lecture 343 Guaranteed Partnership - Guarantee by One Partner
Lecture 344 Case 6 Guarantee by One Partner
Lecture 345 Guarantee given by Firm
Lecture 346 Case 7 Guarantee by Firm
Lecture 347 Case 8 Cross Guarantee
Lecture 348 Case 9 Guarantee by One Partner
Lecture 349 Case 10 Guarantee with retrospective effect
Lecture 350 Adjustments at the time of admission of new partner
Lecture 351 Adjustments regarding Profit Sharing Ratio and Case Study 11
Lecture 352 Adjustments regarding Profit Sharing Ratio and Case Study 12
Lecture 353 Sacrifice only by few Partners and New Profit Sharing Ratio Case Study 13
Lecture 354 Adjustment regarding Valuation of Assets and Liabilities - Revaluation Method
Lecture 355 Adjustment regarding Valuation of Assets & Liabilities-Memorandum Revaluatio Mtd
Lecture 356 Goodwill
Lecture 357 Various Scenarios for Accounting treatment of Goodwill
Lecture 358 Valuation methods of Inherent Goodwill
Lecture 359 Average Profits Method
Lecture 360 Super Profits Method
Lecture 361 Capitalisation of Profits Method
Lecture 362 Annuity Method
Lecture 363 Valuation of Goodwill Case Study 14
Lecture 364 Valuation of Goodwill Super Profit Method Case Study 15
Lecture 365 New Partner cannot pay premium and Goodwill account is raised Case 16
Lecture 366 New Partner pays for Goodwill but Goodwill appearing in Balance Sheet in Full Va
Lecture 367 Premium for Goodwill Paid Privately Case 18
Lecture 368 Premium for Goodwill in True Sense
Lecture 369 Adjustment for Accumulated Profits / Losses
Lecture 370 Adjustment Regarding Capital
Lecture 371 Case 19 Adjustment Regarding Capital
Lecture 372 Case 20 Adjustment Regarding Capital
Lecture 373 Case 21 Adjustment Regarding Capital
Lecture 374 Case 22 Adjustment Regarding Capital using Memorandum Revaluation A/c
Lecture 375 Case 23 Adjustment Regarding Capital
Lecture 376 Retirment of Partner
Lecture 377 Case 24 Retirment of Partner
Lecture 378 Rights to Share of Profit after Retirment
Lecture 379 Case 25 Right to Share of Profit after Retirement
Lecture 380 Case 26 Right to Share of Profit after Retirement
Lecture 381 Death of Partner and Accounting Implications
Lecture 382 Accounting treatment for Joint Life Policy
Lecture 383 Case 27 Accounting treatment for JLP
Lecture 384 Dissolution of Partnership Firm
Lecture 385 Settlement of Accounts on Dissolution
Lecture 386 Realisation of Assets and Liabilities
Lecture 387 Settlement of Dues of the Partners
Lecture 388 Case 28 Settlement of Dues to the Partners
Lecture 389 Case 29 Settlement of Dues to the Partners
Lecture 390 Insolvency of Partner
Lecture 391 Highest Relative Capital Method
Lecture 392 Case 1 Highest Relative Capital Method
Lecture 393 Case 2 Highest Relative Capital Method
Lecture 394 Case 3 Highest Relative Capital Method
Section 24: Amalgamation
Lecture 395 Amalgamation Introduction
Lecture 396 Difference between Amalgamation Absortpion and External Reconstruction
Lecture 397 Types of Amalgamation
Lecture 398 Purchase Consideration
Lecture 399 Case 1 Purchase Consideration
Lecture 400 Case 2 Purchase Consideration
Lecture 401 Methods of Accounting for Amalgamation
Lecture 402 Case 3 Amalgamation in nature of Merger
Lecture 403 Case 4 Amalgamation in nature of Purchase
Lecture 404 Case 5 Purchase Consideration
Lecture 405 Case 6 Purchase Consideration
Lecture 406 Journal Entries to be passed in Books of Selling Company
Lecture 407 Journal Entries to be passed in Books of Buying Company
Lecture 408 Intercompany Owings in Amalgamation
Lecture 409 Intercompany Owings - Adjustment in Value of Stock in Amalgamation
Lecture 410 Case 7 Intercompany Owings and Amalgamation
Lecture 411 Case 8 Amalgamation Closing Ledger in Selling Companies
Lecture 412 Case 9 Amalgamation Closing Ledger in Buying Company
Section 25: Profit or Loss Pre and Post Incorporation
Lecture 413 Introduction to Profit or Loss Pre and Post Incorporation
Lecture 414 Methods of Computing Profir or Loss Prior to in Incorporation
Lecture 415 Basics of Apportionment of Pre and Post Incorporation Items
Lecture 416 Case 1 Time Ratio and Sales Ratio
Lecture 417 Case 2 Preparation of Balance Sheet involving acquistion during mid of the year
Lecture 418 Case 3 Apportionment of Expenses and calculate Pre and Post Incorportion Profits
Lecture 419 Case 4 Apportionment of Cost and Revenue between Pre and Post Incorp Periods
Lecture 420 Case 5 Allocation of Expenses & Calculation of Pre and Post Incorporation Profit
Section 26: Internal Reconstruction
Lecture 421 Introduction to Internal and External Reconstruction
Lecture 422 Difference between Internal and External Reconstruction
Lecture 423 Methods of Internal Reconstruction
Lecture 424 Alteration of Share Capital
Lecture 425 Conversion of fully paid shares into stock and vice versa
Lecture 426 Variation of Share holders Rights
Lecture 427 Reduction of Share Capitals
Lecture 428 Compromise / Arrangements
Lecture 429 Surrender of Shares
Lecture 430 Entries in case of internal Reconstruction
Lecture 431 Case 1 Alteration of Share Capital
Lecture 432 Case Study 2 Conversion of Fully Paid Shares into Stock and Stock into Shares
Lecture 433 Case Study 3 Journal Entries for Scheme of Reconstruction
Lecture 434 Case Study 4 Journal Entries & Balance Sheet for Scheme of Reconstruction Part 1
Lecture 435 Case Study 4 Journal Entries & Balance Sheet for Scheme of Reconstruction Part 2
Section 27: Financial Statements of Companies
Lecture 436 What is Company?
Lecture 437 Different Types of Companies
Lecture 438 Government Company
Lecture 439 Private Company and Public Company
Lecture 440 Holding Company and Subsidiary Company
Lecture 441 Maintenance of Books of Accounts
Lecture 442 Statutory Books
Lecture 443 Annual Return
Lecture 444 Final Accounts
Lecture 445 Managerial Remuneration and Sec 197 & 198
Lecture 446 Schedule V of Companies Act 2013
Lecture 447 Sec I & II of Part II of Schedule V Companies Act 2013
Lecture 448 Sec III of Part II of Schedule V Companies Act 2013
Lecture 449 Sec IV of Part II of Schedule V Companies Act 2013
Lecture 450 Effective Capital
Lecture 451 Section V Remuneration payable to a Managerial Person in two companies
Lecture 452 Ascertainment of Profit for Managerial Remuneration
Lecture 453 Divisible Profits, Dividend and Provision for Depreciation
Lecture 454 Declaration and Payment of Dividend
Lecture 455 Transfer to Reserves
Lecture 456 Capital Reserves
Lecture 457 Declaration of Dividend
Lecture 458 Dividend on Preference and Partly Paid Shares
Lecture 459 Payment of Dividend
Lecture 460 Dividend Distribution Tax - Meaning, Accounting, Disclosure and Presentation
Section 28: Ind AS 1 Presentation of Financial Statements
Lecture 461 Introduction to Ind AS 1
Lecture 462 Scope of Ind AS 1
Lecture 463 What are General Purpose Financial Statements?
Lecture 464 What are complete set of Financial Statements?
Lecture 465 Presentation of True and Fair View and its compliance with Ind AS
Lecture 466 Whether departure from requirements of Ind AS is permissible / possible?
Lecture 467 Case 1 Deviation from Ind AS
Lecture 468 Going Concern Assumption
Lecture 469 Going Concern Case Study
Lecture 470 Accrual Basis of Accounting
Lecture 471 Materiality and Aggregation
Lecture 472 Offsetting with Case Study
Lecture 473 Frequency of Reporting
Lecture 474 Comparitive Information in Financial Statements
Lecture 475 Change in Accounting Policies, retrospective restatement or reclassification
Lecture 476 Consistency of Presentation of Financial Statements
Lecture 477 Structure and Content of Financial Statements as per Ind AS 1
Lecture 478 Balance Sheet minimum requirements as per Ind AS 1
Lecture 479 Distinction between Current and Non Current Items
Lecture 480 What are Current Assets (as per Ind AS 1) ?
Lecture 481 Current Asset Examples
Lecture 482 What is Operating Cycle (as per Ind AS 1)?
Lecture 483 What are Current Liabilities? (as per Ind AS 1)
Lecture 484 Classification of liability in case of refinance / rollover
Lecture 485 Case Study on Classification of liability in case of refinance / rollover
Lecture 486 Classification of Liability in case of breach of provision of long term contract
Lecture 487 Case study on Classification of liability in case of breach of provision of long
Lecture 488 Case Study 1 on Current Asset Classification as per Ind AS 1
Lecture 489 Case Study 2 on Current Asset Classification as per Ind AS 1
Lecture 490 Case Study 3 on Current Asset Classification as per Ind AS 1
Lecture 491 Electiricty Deposit - Current Asset or Non Current Asset?
Lecture 492 Tender Deposit / EMD - Current or Non Current?
Lecture 493 GST Deposit in dispute - Current or Non Current?
Lecture 494 Income received in advance - Current or Non Current?
Lecture 495 Information required io be presented in Balance Sheet
Lecture 496 Information required io be presented in Statement of Profit and Loss
Section 29: Computerised Accounting System
Lecture 497 Introduction to Computerised Accounting System
Lecture 498 Significance of Computerised Accounting System'
Lecture 499 Codification and Grouping of Accounts
Lecture 500 Maintaining the Hierarchy of Ledgers
Lecture 501 Accounting Packages
Lecture 502 Spread sheet Advantages and Disadvantages
Lecture 503 Prepackaged Accounting Softwares
Lecture 504 Advantages and Disadvantages of Prepackaged Accounting Software
Lecture 505 Consideration for selection of Pre-packaged Accounting Software
Section 30: Accounting of Insurance Companies
Lecture 506 Introduction to Insurance and types of Policies
Lecture 507 Principles of Insurance
Lecture 508 Difference between Life and Non Life Insurance
Lecture 509 Important Provisions of Insurance Act 1938
Lecture 510 Amendments by Insurance Regulatory and Development Authority Act 1999
Lecture 511 Books to be maintained by Insurance Companies
Lecture 512 Important Provisions of LIC Act 1956
Lecture 513 Annuity Business, Surrender Value and Paid Up Policy
Lecture 514 Bonus and Bonus in Reduction of Premium
Lecture 515 Claims and Accounting Aspects
Lecture 516 Commission, Re-Insurance, Double Insurance and Ceding Company
Lecture 517 Life Assurance Fund
Lecture 518 Valuation Balance Sheet
Lecture 519 Case Study on Life Assurance Fund
Lecture 520 Case Study 1 on Valuation Balance Sheet
Lecture 521 Case Study 2 on Valuation Balance Sheet
Section 31: Accounts from Incomplete Records
Lecture 522 Introduction to Single Entry System
Lecture 523 Features of Single Entry System
Lecture 524 Types of Single Entry
Lecture 525 Techniques of obtaining complete accounting information
Lecture 526 Derivation of Information from Cash Book
Lecture 527 Analysis of Sales Ledger & Purchase Ledger
Lecture 528 Distinction between Business Expenses & Drawings
Lecture 529 Fresh Investment by Proprietors / Partners
Lecture 530 Ascertainment of Profit by Capital Comparison - Single Entry System
Lecture 531 Methods of Capital Comparison
Lecture 532 Statement of Affairs Format for Ascertaining Capital Position
Lecture 533 Difference between Statement of Affairs and Balance Sheet
Lecture 534 Statement of Affairs & Profit Computation Case 1
Lecture 535 Statement of Affairs & Profit Compuation Case 2
Lecture 536 Suppressed Income Case 3
Lecture 537 Case Study - Prepare Trading P&L and Balance Sheet
Section 32: Liquidation of Companies
Lecture 538 Liquidation / Winding Up of Company
Lecture 539 Circumstance for Winding Up Company by Tribunal
Lecture 540 Petition for Winding Up to Tribunal
Lecture 541 Voluntary Winding Up (Sec 59 of Insolvency & Bankruptcy Code 2016)
Section 33: Issue of Bonus Shares
Lecture 542 Issue of Bonus Shares - An Introduction
Lecture 543 Bounus Issue - Companies Act related provisions
Lecture 544 Case study - Journal Entries after bonus issue (Part 1/2)
Lecture 545 Case study - Extract of Balance Sheet after bonus issue (Part 1/2)
Section 34: Q&A Compedium
Lecture 546 How to arrive at value of unfinished goods
Section 35: FINAL SECTION
Lecture 547 Bonus Lecture
CA IPCC / CMA Inter / CS Inter / B.Com., BBA Students


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