Overview

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 TERMSBasic Accounting Terms: More than 50 Terms2. NATURE & SCOPE OF ACCOUNTINGMeaning of AccountingObjects of AccountingModern Functions of AccountingTypes or Branches of AccountingUsers of accounting information3. ACCOUNTING PRINCIPLES4. ACCOUNTING STANDARDS5. CONCEPT OF DOUBLE ENTRY SYSTEMGolden Rules of Debit & Credit or Traditional Approach or English ApproachRules of Debit and CreditTypes of AccountsPersonal Account and its ClassificationReal Account and its ClassificationNominal Account and its Classification6. JOURNALPreparation of Journal from Beginning to AdvancePractical Problems 7. LEDGER8. TRIAL BALANCEMeaningMethods of Preparing Trial BalanceAccounting ErrorsSuspense Account9. VOYAGE ACCOUNTIntroduction of Voyage AccountImportant Terms Relating to Voyage AccountItems of Credit Side of Voyage AccountItems of Debit Side of Voyage AccountSome Practical Problems10. FINAL ACCOUNTMeaning of Final AccountTrading AccountProfit and Loss AccountTrading and P/L AccountBalance SheetAll Format: Short and Long11. DEPARTMENTAL ACCOUNTSMeaning and Objects of Departmental AccountingDifference between Department and BranchExplanation and Practical Problems12. ROYALTYMeaning of Royalty AccountDifference between Royalty and RentKinds/ Types of RoyaltyImportant termsPractical Problems13. HIRE PURCHASE SYSTEMMeaning of Higher Purchase systemMeaning of Installment Payment systemDifference between Hire Purchase System and Instalment Payment SystemInterest Calculation Practical Problems14. INSOLVENCY ACCOUNTInsolvency AccountsInsolvency Act Applicable:Presidency Town Act, 1909 (Kolkata, Mumbai, Chennai)Provincial Act, 1920 (remaining India)Practical Problems15. BRANCH ACCOUNTMeaning of Branch AccountsTypes / Kinds of BranchAccounting Methods Practical Problems

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