Accounting- Complete course – From Beginner to Advanced

GAAP-Accounting Principles, Rectification and Bank Reconciliation, Depreciation, Journals, Ledgers, Financial Statements

Created by: Akshata M
Chartered Accountant

What Will I Learn?

• Comprehensive Accounting Course - From Basic accounting concepts to Financial statements
• Meaning and Scope of accounting
• Accounting Concepts, Principles and Conventions GAAP (Generally accepted accounting principles), Business Entity concept, Money measurement concept,
• Going Concern Concept, Accounting period concept, Cost concept, Revenue recognition concept,
• Matching Concept, Accrual basis of accounting, Cash basis of accounting, Full disclosure concept, Consistency concept, Conservatism concept, Materiality concept
• Accounting Terms - Financial Transaction,Voucher, Journals, Ledger account, Capital,
• Liabilities, Assets, Debtors, Creditors, Purchase, Stock/ Inventory, Profit and Loss.
• Process of Accounting
• Books of Accounts - Books of accounts Journals , Ledgers , General Ledgers and Subsidiary books. It also includes process to prepare Petty Cash book, Cash book.
• Rectification of Errors - It explains how to rectify various types of errors in accounting.
• Bank Reconciliation Statement
• Inventories - This includes Inventory Recording, Inventory Taking and Methods of determining cost of inventory
• Depreciation - This includes depreciation concept , Methods of calculating depreciation , treatment in case of sale of asset.
• Bills of Exchange/ Promissory Note accounting
• Sale of goods on return and Sale of goods on Consignment - accounting for goods sold on consignment in books of consignor and consignee , Sale on return basis.
• Average Due date calculation
• Account Current - concept of account current and accounting in account current. It explains various methods to maintain account current along with examples.
• Final accounts of Sole Proprietor (Manufacturing and Non- Manufacturing) - financial statement for sole proprietor along with solved comprehensive examples
• Partnership accounts - Admission , Retirement and Death of partner , Financial Statements , accounting in case of admission retirement and death of partner.
• Non–Profit Organisations -Accounting for Donations , subscriptions, annual maintenance fees, one time fees, honorarium with examples and Financial statements
• Company Accounts–Introduction, Types of companies, Issue Re-issue and forfeiture of shares- Process and accounting,Issue of Debentures–Process and accounting

Requirements

• Be able to understand - Read and Write English

Target audience

• Beginner who is curious to learn about accounting. This is comprehensive course consisting of various topics of accounting discussed in detail along with examples which enables to understand concepts and process related to accounting
• Students of Accountancy - 11th Standard / 1st PUC , 12th Standard/ 2nd PUC , CA Foundation