About the Course
Personal attention and proper guidance will be given
Topics CoveredTopics which can be covered in Accountancy:-
Topic - 1 INTRODUCTION TO ACCOUNTING
Basic Accounting terms : Economic transaction, Capital, Drawings, Liabilities, Debts, Assets, Revenue, Income, Expenditure & Expense (capital & revenue nature) purchases, sales, goods, stock, Debtors, Receivables, creditors, payables.
Topic - 2 ACCOUNTING CONCEPTS, PRINCIPLES & CONVENTION
-Basic concept : Accounting entity, money measurement, going concern, Accounting period.
-Basic Principles Dual Aspect, Verifiability, objectivity, Historical cost – Revenue Recognition, matching, Full Disclosure.
Topic - 3 (GENERATION OF VOUCHERS AND RECORDING OF TRANSACTIONS)
-Origin of a transaction, original documents & vouchers, preparation of vouchers
-Rules of Debit & Credit : For assets, Debts & liabilities, for capital, for Incomes & Expenses.
-Book keeping by double entry system
(i) cash book : Simple, with bank column and petty cash-book.
(ii) Purchase Book, Sales Book, Return Books, Bills receivable and Bills payable book
-Posting : Meaning, Utility, Formation, Posting from Journal, cash-book and from Journal Proper, to find out balances of accounts.
Bank Reconciliation statement : Meaning, Utility and preparation of B.R.S. from cash book & pass book of same period, also preparation of B.R.S. from correct cash balance.
Topic 4 (TRIAL BALANCE & RECTIFICAITON OF ERRORS)
-Trial Balance : Meaning, Objectives and preparation of Trial Balance.
-Errors : Types of Errors, Errors affecting trial balance & errors not affecting trial balance.
-To find Errors & its rectification.
Topic 5 : (DEPRECIATION, PROVISIONS & RESERVES)
-Depreciation : Methods, Computation & Accounting Treatment of Depreciation, Change in Methods of Depreciation.
-Reserves & Provisions : Meaning & objects, Need for creating reserve for doubtful debts, provision for discount reserve on debtors.
-Difference between General reserve and provision.
-Types of Reserve :
General reserve, Capital reserve, Revenue reserve, Special reserve and provision.
Topic 6 ( ACCOUNTING FOR SPECIAL TRANSACTIONS)
-Sale of goods on approval or return basis.
Topic -7 (ACCOUNTING FOR BONUS ISSUE)
-What is bonus issues.
-Sebi Guidelines on Bonus Issue
-Uses of Securities Premium
Topic-8 (ACCOUNTING FOR INTERNAL RECONSTRUCTION)
-Meaning & Accounting Entries for the same.
Topic-9 (FINANCIAL STATEMENTS)
-Financial Statements Meaning & Class of people using it.
-Profit & Loss Account Gross profit, Operating profit & Net profit.
-Balance Sheet Need, Group headings, Marshalling of assets & Liabilities in proper order.
-Adjustments for preparing financial statements. Closing stock, unpaid expenses, prepaid expenses, Income due but not received, Income received in advance, dep., provision for doubtful debts, discount reserve on debtors, abnormal toss, goods sent on sales or return basis, goods in transist.
Preparation of profit & Loss a/c. and Balance Sheet for sole proprietorship firm.
Topic-10 (PARTNERSHIP FIRMS)
-Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.
Topic-11 (INTRODUCTION TO COMPANY ACCOUNTS)
-Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.
-Financial Statements of Companies.
-Accounting Ratio : Meaning and objectives, types of ratios.
Who should attendwho are weak in accountancy or who have confusion in some topics of this subject. Also those pursuing 11th & 12th Commerce, B.com & M.com and C.A-CPT
Pre-requisitesTopics which they are weak or topics which need more attention.
What you need to bringNote book and problems which need to be solved first
Key TakeawaysLearn Accountancy in an easy and simpler way.