Financial Accounting

INTRODUCTION TO ACCOUNTING

Introduction to Accounting

Book keeping Vs Accounting

GAAP

Gaap

FINANCIAL INFORMATION

Need of Financial Information

Users of Financial Information

FINANCIAL PERFORMANCE

Financial Performance

Domains of Accounting

ASSUMPTIONS AND CHARACTERISTICS OF FINANCIAL STATEMENTS

Assumptions of Fin Statements

Characteristics of Fin Statements

ELEMENTS OF FINANCIAL STATEMENT

Elements of Financial Statement

RECOGNITION OF ELEMENTS OF FINANCIAL STATEMENTS

Recognition of Elements of Financial Statements

MEASUREMENT OF ELEMENTS OF FINANCIAL STATEMENT

Measurements of Elements of Financial Statements

CONCEPTS OF CAPITAL

Concepts of Capital

BASIC ACCOUNTING EQUATION

Basic Accounting Equation

Preparation of Balance Sheet

ELEMENTS OF BALANCE SHEET

Elements of Balance Sheet

ELEMENTS OF INCOME STATEMENT

Elements of Income Statement

INCOME STATEMENT AND STATEMENT OF CHANGES IN EQUITY

Income Statement

Statement of Changes in Equity

EFFECTS OF TRANSACTIONS ON BASIC ACCOUNTING EQUATION

Effects of Transactions on Basic Accounting Equation

RECORDING OF TRANSACTIONS INTO LEDGER

Recording of transactions into Ledger

Types Of Accounts And Their Balances

BALANCING AN ACCOUNT

Balancing an Account

TRIAL BALANCE AND ERRORS

Trial Balance and Errors

FINANCIAL STATEMENTS OF SOLE PROPERIETOR

Financial Statements of Sole Proprietor

JOURNAL BOOK

Journal Book

CASH JOURNALS

Cash Journals

CREDIT JOURNALS

Purchase Journal

Sales Journal

Returns Journal

Credit note & Debit note

VAT

Meaning Of Vat

Need & Procedures Of Accounting For Vat

ADJUSTMENTS - 1

Depreciation

Inventory & Baddebt

ADJUSTMENTS - 2

Income

Expenses

CLOSING OF SERVICE ENTITY

Income and Profit and Loss Account

Balance Sheet

CLOSING OF TRADING ENTITY

Closing of a Trading Entity

Trading and Profit and Loss Account

INTERNAL CONTROL OVER CASH

Cash & cash Equivalent

Internal Control over Cash

BANK ACCOUNT

Bank Account

BANK RECONCILIATION STATEMENT

Preparation of bank reconciliation statement

Reasons For Difference Between Pass Book & Ledger Balances

PETTY CASH BOOK

Petty Cash Book

CREDIT TRANSACTIONS

Credit Transactions

PROVISION FOR DOUBTFUL DEBTS

Provision for Doubtful Debts

Recording Of Provision For Doubtful Debts

BAD DEBTS AND DEBTORS

Bad Debts & Debtors

BILL OF EXCHANGE

Bill Of Exchange

Other Concepts

INVENTORY AND MEASUREMENT

Inventory & Measurement

NON - CURRENT ASSETS

Non - Current Assets

DEPRECIATION

Meaning Of Depreciation and its Recording

Methods for Calculating Depreciation

DISPOSAL OF NON - CURRENT ASSETS

Disposal of Non - Current Assets

INTERNAL CONTROL AND DISCLOSURE OF NCA

Internal Control & Disclosure of NCA

OTHER NCA

Other NCA

CURRENT LIABILITIES - CREDITORS

Current Liabilities - Creditors

CURRENT LIABILITIES - BILL PAYABLE

Current Liabilities - Bills Payable

CURRENT LIABILITIES - OTHERS

Current Liabilities - Others

NON - CURRENT LIABILITIES

Non - Current Liabilities

SOLE PROPRIETOR - INTRODUCTION

Sole Proprietor - Introduction

SOLE PROPRIETOR - FINANCIAL STATEMENTS

Sole Proprietor - Financial Statements

NON - PROFIT ENTITIES

Non-Profit Entities - Introduction

Source of Finance

Funds Of Non - Profit Entities

FIN REPORTING BY NON - PROFIT ENTITY

Fin Reporting by Non - Profit Entity

INCOMPLETE RECORDS - INTRODUCTION

Incomplete Records - Introduction

INCOMPLETE RECORDS - ACCOUNTS

Incomplete Records - Accounts