CA Foundation Accountancy Support series

Enables to understand concepts of accounting for CA foundation course

Created by: Akshata M
Chartered Accountant

What Will I Learn?

• Enables to understand concepts of accounting for CA foundation course
• Complete Comprehensive Course for accountancy
• 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

• Knows English

Target audience

• Students who appear for CA Foundation Exams