FINANCIAL ACCOUNTING (Beginning to Advance)

What will you learn in this course:

In this Course you will learn a lot of Knowledge and after complete this course you will excellent in Financial Accounting. This course provide many chapter of of Financial Accounting and also including Theories and Practical Problems etc. After Complete this you achieve a lot of information related to Financial Accounting and its Application.

This Course Include :

1. BASIC ACCOUNTING TERMS

Basic Accounting Terms : More than 50 Terms

2. NATURE & SCOPE OF ACCOUNTING

Meaning of Accounting

Objects of Accounting

Modern Functions of Accounting

Types or Branches of Accounting

Users of accounting information

3. ACCOUNTING PRINCIPLES

4. ACCOUNTING STANDARDS

5. CONCEPT OF DOUBLE ENTRY SYSTEM

Golden Rules of Debit & Credit or Traditional Approach or English Approach

Rules of Debit and Credit

Types of Accounts

Personal Account and its Classification

Real Account and its Classification

Nominal Account and its Classification

6. JOURNAL

Preparation of Journal from Beginning to Advance

Practical Problems

7. LEDGER

8. TRIAL BALANCE

Meaning

Methods of Preparing Trial Balance

Accounting Errors

Suspense Account

9. VOYAGE ACCOUNT

Introduction of Voyage Account

Important Terms Relating to Voyage Account

Items of Credit Side of Voyage Account

Items of Debit Side of Voyage Account

Some Practical Problems

10. FINAL ACCOUNT

Meaning of Final Account

Trading Account

Profit and Loss Account

Trading and P/L Account

Balance Sheet

All Format : Short and Long

11. DEPARTMENTAL ACCOUNTS

Meaning and Objects of Departmental Accounting

Difference between Department and Branch

Explanation and Practical Problems

12. ROYALTY

Meaning of Royalty Account

Difference between Royalty and Rent

Kinds/ Types of Royalty

Important terms

Practical Problems

13. HIRE PURCHASE SYSTEM

Meaning of Higher Purchase system

Meaning of Installment Payment system

Difference between Hire Purchase System and Instalment Payment System

Interest Calculation

Practical Problems

14. INSOLVENCY ACCOUNT

Insolvency Accounts

Insolvency Act Applicable :

Presidency Town Act, 1909 (Kolkata, Mumbai, Chennai)

Provincial Act, 1920 (remaining India)

Practical Problems

15. BRANCH ACCOUNT

Meaning of Branch Accounts

Types / Kinds of Branch

Accounting Methods

Practical Problems