B Com Accountancy I (Paper ECO 02 IGNOU)
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B Com Accountancy I (Paper ECO 02 IGNOU)

Learn Module 1- 5 of Accountancy I Paper of Bachelor of Commerce course conducted by IGNOU
4.2 (5 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
2,636 students enrolled
Last updated 5/2017
English
Current price: $10 Original price: $50 Discount: 80% off
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Includes:
  • 31.5 hours on-demand video
  • 1 Article
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Block I - Unit 1 - Basic Concept of Accounting
  • Block I - Unit 2 - Accounting Process
  • Block I - Unit 3 - Cash Book and Bank Reconciliation
  • Block I - Unit 4 - Other Subsidiary Books
  • Block I - Unit 5 - Bills of Exchange
  • Block II - Unit 6 -8 Final Accounts
  • Block II - Unit 9 - Errors and their Rectification
  • Block III - Unit 10-12 - Consignment Accounts
  • Block III - Unit 13 - Joint Venture Accounts
  • Block IV - Unit 14 - Self Balancing System
  • Block IV - Unit 15 - 17 Accounts from Incomplete Records
  • Block V - Unit 18 - 19 Accounting for Non Trading Concerns
  • Block V - Unit 20 - 21 Depreciation
  • Block V - Unit 22 - Provisions and Reserves
View Curriculum
Requirements
  • Good Internet Connection with PC / Tablet / Laptop / Mobile
Description

Welcome to this course B Com Accountancy I (Paper ECO 02 IGNOU)

This course is for Bachelor of Commerce Candidates who are preparing for Accountancy I (Paper ECO 02 IGNOU) Paper – MBA Course - conducted by IGNOU.

This Paper has Five Blocks.

Block 1 Accounting Fundamentals

Block 2 Final Accounts

Block 3 Consignment and Joint Venture

Block 4 Accounts from Incomplete Records

Block 5 Accounts of Non Trading Concerns, Depreciation, Provisions and Reserves

Course Contents:

Section

Name of the Section

1

Block I - Unit 1 - Basic Concept of Accounting

2

Block I - Unit 2 - Accounting Process

3

Block I - Unit 3 - Cash Book and Bank Reconciliation

4

Block I - Unit 4 - Other Subsidiary Books

5

Block I - Unit 5 - Bills of Exchange

6

Block II - Unit 6 -8 Final Accounts

7

Block II - Unit 9 - Errors and their Rectification

8

Block III - Unit 10-12 - Consignment Accounts

9

Block III - Unit 13 - Joint Venture Accounts

10

Block IV - Unit 14 - Self Balancing System

11

Block IV - Unit 15 - 17 Accounts from Incomplete Records

12

Block V - Unit 18 - 19 Accounting for Non Trading Concerns

13

Block V - Unit 20 - 21 Depreciation

14

Block V - Unit 22 - Provisions and Reserves

Teaching and Learning Style:

This course is structured in self-paced learning style. It is suggested to take screenshots of case studies for reference back during problem solving. Approaching the course with note book and pen or MS Excel and solving problems paralelly along with instructor will make you feel like attending real class and improve your listening and learning experience. 

Teaching Background:

Indian scenario has been considered for explaining concepts through case studies.

Who is the target audience?
  • B Com candidates of IGNOU University
Curriculum For This Course
Expand All 284 Lectures Collapse All 284 Lectures 31:27:27
+
Block I - Unit 1 - Basic Concept of Accounting
23 Lectures 01:15:43

Book Keeping and objectives
04:12

Advantages of Book Keeping
05:40

Accounting and Objectives
04:19

Accounting Process
05:56

Accounting Cycle
03:24

Accountancy Accounting Book keeping
01:21

Relationship Between Accountancy, Accounting & Book Keeping
01:41

Difference Between Accounting & Book Keeping
02:21

Users of Accounting Information
03:58

Branches of Accounting
02:05

Transaction
03:19

Capital
01:34

Assets
01:57

Liabilities
01:06

Drawings
00:25

Debtors and Creditors
02:24

Purchase Sales and returns
02:32

Voucher and Invoice
01:33

Account
01:05

Basic Assumptions in Accounting
05:13

Basic Concepts in Accounting
08:15

Fundamental Principles of Accounting
06:29
+
Block I - Unit 2 - Accounting Process
55 Lectures 04:13:45
Double Entry System Introduction
03:15

Double Entry Features
02:04

Classification of Accounts
06:16

Eg for classification of accounts
05:56

Golden Rules of accounting
01:55

Basic Accounting Procedures
02:25

Cash Memo and Invoice
03:25

Receipt
01:12

Debit and Credit Notes
02:28

Pay in Slip and Cheque
04:07

Voucher
00:46

Accounting Equation
03:20

Accounting Equation simple eg
03:30

Accounting Equation (Talking Head)
03:22

Accounting Equation Comprehensive Example
10:18

Rules for Debiting and Crediting
07:09

Debit Credit Rule
06:38

Books of Original Entry
03:45

Steps in Journalising
07:55

Journalising Comprehensive Examples
14:24

Capital and Drawings
04:57

Bank Account Transactions
07:45

Accounting entry for Capital Contribution
07:11

Accounting entry for Cash Receipt
03:06

Accounting Entry for Cash Payment
02:12

Acccounting Entry for cash Sales
02:14

Accounting Entry for Banking Transaction
02:17

Accounting Enrty for Drawings Case Study
02:36

Accounting Entry for Cash Purchase
02:28

Accounting Entry for Credit Purchase
02:55

Accounting Entry for Cheque receipt
02:07

Accounting Entry for Cheque receipt and deposit
02:01

Accounting Entry for commission Income
02:00

Accounting Entry for Credit Sales
02:36

Accounting Entry for Drawings
06:37

Accounting Entry for Payment through Cheque
02:03

Accounting Entry for Purchase Return
02:39

Accounting Entry for Salary in cash
01:54

Accounting Entry for Sales Return
02:55

Compound Entry
06:12

Compound Journal Entry
04:24

Compound Journal Entry Case Study
07:50

Ledger
04:12

Utility of Ledger
04:45

Ledger Format
07:25

Ledger for real personal nominal accounts
06:53

Posting and Procedure
04:12

Ledger Case Study 1
05:12

Ledger Case Study 2
14:12

Posting of Compound Entries to Ledger
06:47

Posting Openign Entry in Ledger
03:44

Balancing an Account
08:18

Balancing of Different Accounts
03:22

Procedure for Balancing
05:40

Difference between Journal and Ledger
03:54
+
Block I - Unit 3 - Cash Book and Bank Reconciliation
25 Lectures 02:20:16
Cash Book
05:45

Kinds of Cash Book
00:45

Single Column Cash Book
06:03

Case Study Single Column Cash Book
08:10

Double Column Cash Book with Disc Column
02:24

Case Study Double Column Cash Book with Discount Colum
05:45

Double Colum Cash Book with Bank Column
06:58

Case Study Double Column Cash Book with Bank Column
13:42

Key Points in Cash Book
08:14

Triple Column Cash Book
02:24

Case Study Triple Column Cash Book
10:47

Cash Book and Bank Book
04:02

Bank Pass Book
04:03

Difference between Bank Book and Pass Book
06:29

Bank Reconciliation Statement
06:16

Importance of BRS
01:50

Causes for Disagreement
01:46

1st Disagreement cheque paid not collected
02:03

2nd Disagreement cheque issued not presented
03:49

3rd Disagreement Amount directly credit by Bank w/o knowledge of company
03:07

4th Disagreement Amount directly Debited by Bank w/o knowledge of company
03:39

Bank Overdraft
01:49

Overview of Bank Reconciliation Statement
11:07

Procedure for preparing Bank Reconciliation Statement
10:36

Format of Bank Reconciliation Statement
08:43
+
Block I - Unit 4 - Other Subsidiary Books
16 Lectures 01:23:47
Subsidiary Books need and advantage
09:44

Purchase Book
05:19

Case Study on Purchase Book
07:23

Sales Book
02:54

Sales Book Case Study
06:53

Return Books
02:42

Purchase Return Book
04:47

Purchase Return Book Case Study
05:17

Sales Return Book
03:14

Sales Return Book Case Study
05:30

Bill of Exchange
06:03

BoE Technical Terms Part I
05:13

BoE Technical Terms Part II
04:44

BoE Technical Terms Part III
03:06

Bills Books
02:44

Journal Proper
08:14
+
Block I - Unit 5 - Bills of Exchange
18 Lectures 02:22:19
Introduction to Bills of Exchange
07:41

Accounting Aspects in Bills of Exchange
08:28

Methods of Drawing Bills of exchnage
10:57

Computation of Bill Due Date
03:21

Endorsement of Bill of Exchange
04:54

Problem on Endorsement of Bill of Exchange
12:17

Discounting of Bill
06:50

Problem on Discounting of Bill
09:05

Retirement of Bill
07:06

Problem on Retirement of Bill
05:29

Dishonour of Bill
12:10

Problem on Dishonour of Bill
04:11

Dishonour of Bill - Different Scenarios
18:59

Renewal of Bill of Exchange
09:13

Problem 1 on Renewal of Bill of Exchange
07:02

Problem 2 on Renewal of Bill of Exchange
05:54

Insolvency of Customer
05:09

Problem on Insolvency of Customer
03:33
+
Block II - Unit 6 -8 Final Accounts
43 Lectures 05:33:12
Introduction to Final Accounts (Short Intro)
03:38

Introduction To Final Accounts (Detailed Intro)
17:41

Trading Account - Need and Format
02:34

Closing entries in Trading Account
00:36

Trading Accounts - Problem 1
03:13

Trading Accounts - Problem 2
04:16

Profit and Loss Account - Need and Format
04:34

Profit and Loss Account - Problem 1
04:16

Trading and Profit and Loss Account - Problem 2
08:13

Trading and Profit and Loss Account from Trial Balance - Problem 3
09:24

Trading, Profit and Loss and Balance Sheet Problem 4
07:30

Adjustments - Outstanding and Prepaid Expenses
09:38

Adjustments - Accrued Income and Income Received in Advance
15:43

Adjustments - Interest on Capital and Drawings
15:17

Adjustments - Depreciation
04:49

Adjustments - Bad Debts
03:50

Adjustments - Provision for Bad and Doubtful Debts
05:30

Adjustments - Provision for Bad and Doubtful Debts and Discount on Debtors
08:42

Adjustments - Provision for Discount on Debtors
04:17

Case Study 1 - Provision for Bad and Doubtful Debts
18:58

Case Study 2 - Provision for Bad and Doubtful Debts
09:30

Case Study 3 - Provision for Bad and Doubtful Debts
07:02

Final Accounts Case Study 1
26:14

Final Accounts Case Study 2
25:08

Final Accounts Case Study 3
20:33

Final Accounts Case Study 4
23:05

Final Accounts Case Study 5
03:12

Final Accounts Case Study 6
03:45

Final Accounts Case Study 7
03:25

Final Accounts Case Study 8
03:46

Final Accounts Case Study 9
03:11

Final Accounts Case Study 10
04:45

Final Accounts Case Study 11
04:58

Final Accounts Case Study 12
04:06

Final Accounts Case Study 13
01:36

Final Accounts Case Study 14
02:29

Final Accounts Case Study 15
01:53

Final Accounts Case Study 16
03:26

Final Accounts Case Study 17
03:51

Final Accounts Case Study 18
05:18

Final Accounts Case Study 19
09:17

Final Accounts Case Study 20
04:25

Final Accounts Case Study 21
05:38
+
Block II - Unit 9 - Errors and their Rectification
18 Lectures 01:44:33
Errors in Accounting
04:23

Error of Principle
04:03

Error of Omission
04:05

Error of Commission
07:04

Compensating Errors
02:11

Errors and Trial Balance
03:03

Case Study on Errors and effect on Trial Balance
18:05

Steps to Locate Errors
04:06

Suspense Account
03:00

Case Study Suspense Acount
03:46

Rectification of Errors
07:37

Case Study 1 Rectification of Errors
03:37

Case Study 2 Rectification of Errors
05:39

Case Study 3 Rectification of Errors
06:53

Case Study 4 Rectification of Errors
10:54

Case Study 5 Rectification of Errors
03:59

Case Study 6 Rectification of Errors - Copy
03:12

Case Study 7 Rectification with Suspense AC
08:56
+
Block III - Unit 10-12 - Consignment Accounts
20 Lectures 03:20:50
Consignment Accounting Introduction
07:55

Accountiong Aspects in Consignment
23:08

Accounting Entries in books of consignor
08:13

Consignment Accounting Problem 1
23:43

Consignment Accounting Problem 2
16:53

Consignment Accounting Problem 3
20:10

Accounting Entries in the Book of Consignee
11:34

Consignment Account Problem 4
15:49

Consignment Account Problem 5 (Goods Lost in Fire)
14:11

Consignment Account Problem 6
20:59

Normal Loss
03:18

Consignment Problem 7 with Normal Loss
03:47

Consignment Problem 8 Computation of Cost and Invoice Price
02:38

Consignment Problem 9 Computation of Profit Percentage on Cost and Selling Price
03:08

Consignment Problem 10 Computation of Invoice Value of Goods Sent Out
04:00

Consignment Problem 11 Computation of Abnormal Loss
02:29

Consignment Problem 12 With Del Credre Commission and Bad Debts
06:56

Consignment Problem 13 Computation of Commission
05:19

Consignment Problem 14 Computation of Commission
02:21

Consignment Problem 15 Computation of Stock Reserve
04:19
+
Block III - Unit 13 - Joint Venture Accounts
9 Lectures 01:55:51
Joint Venture Introduction
06:38

Separate set of Books Method
08:57

Problem 1 Saperate set of Books Method
20:15

Problem 2 Separate set of Books Method
11:34

No Separate Set of Books Maintained
23:52

Problem 1 No Separate Set of Books Maintained
11:43

Problem 2 No Separate Set of Books Maintained
12:57

Memorandum Joint Venture A/c Method
02:19

Problem 1 Memorandum Joint Venture A/c Method
17:36
+
Block IV - Unit 14 - Self Balancing System
11 Lectures 03:00:48
Introduction to Self Balancing Ledger System
04:15

Self Balancing Ledger Problem 1
20:08

Self Balancing Ledger Problem 2
38:40

Self Balancing Ledger Problem 3
16:29

Contra Transactions
02:32

Entries to be Passed in Credit purchase
09:17

Self Balancing Ledger Problem 4
23:38

Transfer entries
07:00

self Balancing Ledger Problem 5
02:14

self Balancing Ledger Problem 6
41:17

self Balancing Ledger Problem 7
15:18
4 More Sections
About the Instructor
CA Raja Natarajan, B.Com., PGDBA, FCA
4.2 Average rating
829 Reviews
32,784 Students
82 Courses

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.