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Accounting for CA Inter Paper 1 (Module 1)

Name: Accounting for CA Inter Paper 1 (Module 1)
Rating: 4.6 (11 reviews)

A Complete Online Course covering Module 1 of Accounting Paper 1 CA Inter

Created byRaja Natarajan, B.Com., PGDBA, FCA

Last updated 6/2021

English

What you'll learn

Master Module 1 of Accounting Paper 1 CA Inter

Course content

17 sections • 265 lectures • 18h 40m total length

What are Accounting Standards?2:24
Advantages of Accounting Standards2:12
Need for convergence of AS with IFRS2:44
Convergence to IFRS in India2:15
What is Ind AS?1:35
What are Carve Outs and Carve Ins in Ind AS?2:25
Implementation of Ind AS for Companies3:15
Implementation of Ind AS for NBFC, Scheduled Commercial Banks, Insurers / Insura5:55
Status of Accounting Standards1:43
What is IFRS and benefit of convergence?2:56

Intro to fundamental accounting assumptions0:47
Recognition of asset and liability - example3:16
Components of Financial Statements2:07
Objectives and Users of Financial Statements0:48
Going Concern Assumption
Accrual Basis Assumption1:17
Elements of Financial Statements3:17
What is Asset?3:49
What is Equity?0:56
What is Liability3:45
What is Expense?2:14
Current Cost Convention1:33
What is Income?1:10
Realisable Value0:27
Measurement of elements of Financial Statements1:23
What is Historical Cost?1:25
Present Value Convention4:14
Concept of Capital Maintenance3:28
Financial Capital Maintenance at Historical Cost2:21
Physical Capital Maintenance at Current Cost2:27

AS 2 Introduction2:25
Items excluded from scope of AS 22:14
Types of Inventory1:31
Inventory cost ascertainment1:23
Valuation of Inventory4:04
Measurement of Inventory3:01
Cost of Inventory8:44
Joint Products or Byproducts0:54
Cost Formula1:09
Other Techniques of Cost Measurement1:38
Net Realisable Value1:44
Disclosure Requirements0:56
Value of Inventory Case Study3:14
Treatment of Fixed Overheads Case Study7:07
Computation of Cost of Inventory Case Study3:03
Valuation of Inventory Net Realiable Value Item by Item Basis Case Study2:37
Treatment of Normal and Abnormal Loss and Valuation of Inventory Case Study5:04
Treatment of Production Overheads in Valuation of Inventory Case Study3:07

Introduction to AS 41:16
Events occurring after Balance Sheet Date0:58
Adjusting Event and Non Adjusting Event2:31
Events not affecting Financial Statement1:08
Special Nature Event (Dividends Declared)0:44
Going Concern and Events occuring after Balance Sheet Date0:57
Case Study1 Events occurring after Balance Sheet Date3:38
Case Study2 Events occurring after Balance Sheet Date1:34
Case Study3 Events occurring after Balance Sheet Date3:56
Case Study4 Events occurring after Balance Sheet Date2:35
Case Study 5 Events occurring after Balance Sheet Date3:40
Case Study6 Events occurring after Balance Sheet Date2:44
Case Study7 Events occurring after Balance Sheet Date3:47
Case Study8 Events occurring after Balance Sheet Date4:05

AS 5 Introduction1:58
Profit or Loss from Oridnary Items1:31
Extra Ordinary Items as per AS 52:30
Exceptional Items2:00
Prior Period Items1:13
Changes in Accounting Estimates7:54
Changes in Accounting Policy3:14
Case Study - Prior Period Item3:03
Case Study - Disclosure for Ordinary Items2:27
Case Study - Disclosure for Ordinary Items3:07
Case Study Prior Period Item1:33
Case Study Change in Accounting Policy2:50

Construction Contract and its Type5:17
Objectives of Accounting for Construction Contract3:21
Applicability of AS71:26
Measurement of Contract Revenue7:06
Contract Costs - Inclusion and Exclusions4:25
Basic Principles of Recognition of Revenue and Expenses5:34
Composition of Contract Revenue1:48
Provision for Expected Losses0:45
Effect of change in estimate in Construcition Contract2:00
Accounting Disclosures by Construction Contractors as per AS 72:16
Contract Accounting Case Study 16:36
Contract Accounting Case Study 22:13
Contract Accounting Case Study 329:33

Revenue Recognition - Introduction5:26
Item excluded in Revenue Definition2:52
Timing of Revenue Recognition2:37
Conditions of Revenue Recognition3:35
Revenue Recognition when goods are sold subject to conditions4:27
Revenue from Rendering of service5:29
Special Treatment of Revenue Recognition2:59
When Revenue from sale of goods can berecognised?2:32
Treatment of interdepartmental Transfer3:21
Revenue Recognition Case Study 12:44
Revenue Recognition Case Study 22:43
Revenue Recognition Case Study 33:07
Revenue Recognition Case Study 43:08
Revenue Recognition Case Study 52:08
Revenue Recognition Case Study 61:42
Revenue Recognition Case Study 72:52
Revenue Recognition Case Study 84:42

Introduction to AS 10 (Revised)3:29
Property, Plant & Equipment - Definition2:41
Biological Assets & Bearer Plant Defintion3:50
Agricultural Activity & Produce as per AS 101:03
Recognition criterial for Property, Plant & Equipment as per AS 102:56
Case Study on Capitalisation of Remodelling Expenses3:23
"Treatment of Spareparts, Standby Equipment & Servicing Equipment"1:47
Treatment of Cost of Day to Day Servicing0:31
Treatment of Replacement of Parts of PPE1:36
Measurement at Recognition of PPE1:17
Purchase Price0:51
Directly Attributable Cost as per AS 104:32
Case Study 1 Directly Attributable Cost2:08
Case Study 2 Directly Attributable Cost2:41
Case Study 3 Directly Attributable Cost2:31
Decommissioning, Restoration and similar liabilities2:42
Cost of Self Constructed Asset1:41
Measurement of Cost2:59
Commercial Substance in Exchange Transaction3:01
Case Study 1 Measurement of Cost2:57
Case Study 2 Measurement of Cost1:49
Measurement of Cost Part 21:32
Measurement after Recognition0:54
Cost Model as per AS 100:37
Revaluation Model as per AS 103:25
Frequency of Revaluation2:03
Determination of Fair Value0:57
Accounting treatment under Revaluation Model8:50
Treatment of Revaluation Increase or Decrease3:57
Case Study on Treatment of Revaluation Increase or Decrease3:48
Treatment of Revaluation Surplus1:20
Depreciation and related aspects under AS 103:41
Case Study on Depreciation with ref. to AS 102:01
Review of Residual Value & Useful Life of Asset with Case Study3:13
Commencement of Period for Depreciation1:34
Cessation of Depreciation with Case Study1:56
Cessation of Depreciation (Continuation)0:51
Depreciation for Land and Building1:35
Change in Method of Depreciation as per AS 101:01
Methods of Depreciation as per AS 100:53
Case Study Method of Depreciation as per AS 101:20
Changes in Decommissioning, Restoration & Other Liabilities as per AS 100:50
Changes in Liabilities (Asset recognized under Cost Model) as per AS 101:10
Changes in Liabilities (Asset recognized under Revaluation Model) as per AS 102:09
4 Situations and its accounting as per AS 100:51
Case Study Compensation from 3rd Party as per AS 101:36
Retirement of PPE as per AS 100:29
De-Recognition of PPE as per AS 101:34
Disclosure requirement for PPE as per AS 102:34

Requirements

Basic knowledge of Accounting

Description

Welcome to this course Accounting for CA Inter Paper 1 (Module 1)

Who should take this course?

This course is meant for students preparing for Chartered Accountancy Inter Examinations. This course topics of Module 1 of Paper 1 Accounting.

Why you should take this course?

By taking this course, you will be able to have complete coverage of Module 1 topics 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.

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 Module 1 topics explaining concepts, theories, and techniques which deals with conceptual frame work.

a) Introduction to Accounting Standards

b) Framework for preparation and presentation of financial statements.

c) Overview of Accounting Standards.

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. 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 above advanced concepts, case studies in Accounting Module 1 Topics at ease with high level of confidence. This course will equip you for approaching CA Inter Examination with confidence as well hand real life problems with clarity.

Who this course is for:

Students pursuing Indian CA Inter Group 1

Accounting for CA Inter Paper 1 (Module 1)

What you'll learn

Explore related topics

Course content

Introduction to Accounting Standards10 lectures • 27min

Framework for Preparation and Presentation of Financial Statements20 lectures • 41min

AS 1 DISCLOSURE OF ACCOUNTING POLICIES4 lectures • 33min

AS 2 VALUATION OF INVENTORY18 lectures • 54min

AS 3 Cash Flow Statement7 lectures • 2hr 24min

AS 4 Contingencies and Events occuring after balance sheet date14 lectures • 34min

AS 5 Net Profit or Loss for the period, Prior Period Items and Changes in Accoun12 lectures • 33min

AS 7 Construction Contracts13 lectures • 1hr 12min

AS 9 Revenue Recognition17 lectures • 56min

AS 10 Property, Plant & Equipment49 lectures • 1hr 47min

Requirements

Description

Who this course is for: