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Branch Accounts
44 Lessons-
StartWelcome Lecture
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StartIntroduction to Branch Accounts
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StartDependent Branches and Features
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StartAccounting for Dependent Branches
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StartDebtors system
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StartAccounting Entries Debtors System
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StartDependent Branches Problem 1
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StartDependent Branches Problem 2
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StartDependent Branches Problem 3
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StartDependent Branches Problem 4
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StartDependent Branches Problem 5
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StartGoods invoiced at SP to Branches & Its Accounting Aspects
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StartDependent Branches Problem 6 (invoice @ SP)
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StartDependent Branches Problem 7 (invoice @ SP)
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StartDependent Branches Problem 8 (invoice @ SP)
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StartStock and Debtors system
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StartProblem 9 Stock and Debtors System
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StartProblem 10 Stock and Debtors System
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StartProblem 11 stock and Debtors System
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StartFinal Accounts Method
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StartProblem 12 Branch Trading & P&L A/c (cost)
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StartProblem 13 Branch Trading A/c (Invoice Price)
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StartProblem 14 Branch Trading P&L A/c (Invoice Price)
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StartProblem 15 on stock and Debtors system
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StartProblem 16 Stock and Debtors System
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StartWhole Sale Branch system
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StartProblem 17 Whole Sale Branch system
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StartProblem 18 Whole Sale Branch system
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StartProblem 19 Whole Sale Branch system
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StartIndependent Branches Introduction
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StartIndependent Branches Accounting Entry Part 1
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StartIndependent Branches Accounting Entry Part 2
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StartIndependent Branches Problem 20
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StartIndependent Branches Problem 21
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StartIndependent Branches Problem 22
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StartIndependent Branches Problem 23
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StartIncorporation of Branch Trial Balance
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StartIncorporation of Branch Trial Balance Problem 24
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StartHow to Close Books of Branches
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StartClosure of Branch books Problem 25
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StartClosure of Branch books Problem 26
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StartClosure of Branch books Problem 27
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StartIntegral and Non Integral Foreign Branch
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StartTechniques for Foreign Currency Translation Non Integral Foreign Operation
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Departmental Accounts
12 Lessons-
StartDepartmental Accounts Introduction
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StartApportionment of Expenses
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StartDepartmental Accounts Problem 1
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StartDepartmental Accounts Problem 2
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StartInter Departmental Transfers
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StartInter Departmental Transfers Problem 3
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StartInter Departmental Transfers Problem 4
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StartInter Departmental Transfers Problem 5
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StartInter Departmental Transfers Problem 6
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StartDepartmental Accounts Problem 7
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StartDepartmental Accounts Problem 8
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StartDepartmental Accounts Problem 9
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Self Balancing Ledger
11 Lessons-
StartIntroduction to Self Balancing Ledger System
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StartSelf Balancing Ledger Problem 1
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StartSelf Balancing Ledger Problem 2
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StartSelf Balancing Ledger Problem 3
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StartContra Transactions
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StartEntries to be Passed in Credit purchase
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StartSelf Balancing Ledger Problem 4
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StartTransfer entries
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StartSelf Balancing Ledger Problem 5
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StartSelf Balancing Ledger Problem 6
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StartSelf Balancing Ledger Problem 7
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Accounting for Consignment
20 Lessons-
StartConsignment Accounting Introduction
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StartAccountiong Aspects in Consignment
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StartAccounting Entries in books of consignor
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StartConsignment Accounting Problem 1
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StartConsignment Accounting Problem 2
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StartConsignment Accounting Problem 3
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StartAccounting Entries in the Book of Consignee
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StartConsignment Account Problem 4
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StartConsignment Account Problem 5 (Goods Lost in Fire)
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StartConsignment Account Problem 6
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StartNormal Loss
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StartConsignment Problem 7 with Normal Loss
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StartConsignment Problem 8 Computation of Cost and Invoice Price
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StartConsignment Problem 9 Computation of Profit Percentage on Cost and Selling Price
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StartConsignment Problem 10 Computation of Invoice Value of Goods Sent Out
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StartConsignment Problem 11 Computation of Abnormal Loss
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StartConsignment Problem 12 With Del Credre Commission and Bad Debts
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StartConsignment Problem 13 Computation of Commission
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StartConsignment Problem 14 Computation of Commission
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StartConsignment Problem 15 Computation of Stock Reserve
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Accounting for Joint Venture
9 Lessons-
StartJoint Venture Introduction
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StartSeparate set of Books Method
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StartProblem 1 Saperate set of Books Method
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StartProblem 2 Separate set of Books Method
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StartNo Separate Set of Books Maintained
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StartProblem 1 No Separate Set of Books Maintained
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StartProblem 2 No Separate Set of Books Maintained
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StartMemorandum Joint Venture A/c Method
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StartProblem 1 Memorandum Joint Venture A/c Method
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Accounting for Investments
7 Lessons-
StartInvestment Accounting
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StartProblem 1 Investment Accounting
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StartProblem 2 Investment Accounting
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StartProblem 3 Investment Accounting
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StartAccounting for Fixed Investment Securities
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StartProblem 4 Accounting for Fixed Investment Securities
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StartProblem 5 Accounting for Fixed Investment Securities
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Accounting for Insurance Claims
8 Lessons-
StartInsurance Claim Problem 1
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StartInsurance Claim Problem 2
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StartInsurance Claim Problem 3
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StartInsurance Claim Problem 4
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StartInsurance Claim for loss of Profit Part 1
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StartInsurance Claim for loss of Profit Part 2
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StartInsurance Claim for loss of Profit Problem 1
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StartInsurance Claim for loss of Profit Problem 2
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Accounting for Bills of Exchange
18 Lessons-
StartIntroduction to Bills of Exchange
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StartAccounting Aspects in Bills of Exchange
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StartMethods of Drawing Bills of exchnage
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StartComputation of Bill Due Date
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StartEndorsement of Bill of Exchange
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StartProblem on Endorsement of Bill of Exchange
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StartDiscounting of Bill
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StartProblem on Discounting of Bill
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StartRetirement of Bill
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StartProblem on Retirement of Bill
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StartDishonour of Bill
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StartProblem on Dishonour of Bill
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StartDishonour of Bill - Different Scenarios
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StartRenewal of Bill of Exchange
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StartProblem 1 on Renewal of Bill of Exchange
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StartProblem 2 on Renewal of Bill of Exchange
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StartInsolvency of Customer
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StartProblem on Insolvency of Customer
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Accounting for Sale of Goods on Approval / Return Basis
8 Lessons-
StartIntroduction to Sale on Approval or Return Basis
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StartMethod I Sale on Approval and Problem
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StartMethod II Sale on Approval and Problem
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StartMethod I Sale on Approval and Problem 2
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StartMethod I Sale on Approval and Problem 3
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StartMethod I Sale on Approval and Problem 4
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StartMethod I Sale on Approval and Problem 5
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StartMethod I Sale on Approval and Problem 6
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Depreciation Accounting
8 Lessons-
StartDepreciation Introduction
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StartStraight Line Method of Depreciation
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StartProblem 1 Straight Line Method of Depreciation
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StartProblem 2 Straight Line Method of Depreciation
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StartMachine Hour Depreciation Method and Problem
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StartProduction Units Method of Depreciation and Problem
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StartDepletion Method of Depreciation and Problem
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StartWritten Down Value Method
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Account Current
11 Lessons-
StartIntroduction to Account Current
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StartAccount Current Problem 1
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StartProduct Method
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StartAccount Current Problem 2 Product Method
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StartAccount Current Problem 3 Forward Method
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StartAccount Current Problem 4 Backward Method
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StartAccount Current Problem 5 Interest Method
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StartAccount Current Problem 6 Product Method
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StartRed Ink Interest Method
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StartAccount Current Problem 7 Red Ink Interest Method
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StartAccount Current Problem 8 Different Interest Rates
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Accounting For Construction Contract
13 Lessons-
StartConstruction Contract and its Type
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StartObjectives of Accounting for Construction Contract
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StartApplicability of AS7
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StartMeasurement of Contract Revenue
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StartContract Costs - Inclusion and Exclusions
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StartBasic Principles of Recognition of Revenue and Expenses
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StartComposition of Contract Revenue
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StartProvision for Expected Losses
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StartEffect of change in estimate in Construciton Contract
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StartAccounting Disclosures by Construction Contractors as per AS 7
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StartContract Accounting Case Study 1
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StartContract Accounting Case Study 2
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StartContract Accounting Case Study 3
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Revenue Recognition
17 Lessons-
StartRevenue Recognition - Introduction
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StartItem excluded in Revenue Definition
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StartTiming of Revenue Recognition
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StartConditions fo Revenue Recognition
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StartRevenue Recognition when goods are sold subject to conditions
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StartRevenue from Rendering of service
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StartSpecial Treatment of Revenue Recognition
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StartWhen Revenue from sale of goods can berecognised?
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StartTreatment of interdepartmental Transfer
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StartRevenue Recognition Case Study 1
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StartRevenue Recognition Case Study 2
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StartRevenue Recognition Case Study 3
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StartRevenue Recognition Case Study 4
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StartRevenue Recognition Case Study 5
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StartRevenue Recognition Case Study 6
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StartRevenue Recognition Case Study 7
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StartRevenue Recognition Case Study 8
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Accounting for Royalties
8 Lessons-
StartWhat is Royalty?
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StartWhat is Minimum Rent / Dead Rent in Royalty?
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StartShort workings / Excess Workings and Ground Rent
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StartRecoupment of Shortworkings
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StartAccounting treatment of Shortworkings
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StartAccounting entries in the books of lessee / licencee
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StartCase Study 1 - Royalty Account - with Shortworking Adjustments
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StartCase Study 2 - Royalty Account -with Shortworking Adjustments
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Accounting for Hire Purchase Transactions
9 Lessons-
StartHire Purchase and Installment sale
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Startsituation I - When Rate of Interest, Cash Price & Interest given
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StartSituation II-When Rate of Int. & Inst. given but cash price not given
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StartSituation III-When only Inst. are given but cash price & rate of Int. not given
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StartSituation IV-Ref. to annuity table,rate of Int.&inst. given but not cash price
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StartAccounting Treatment in Hire Purchaser Books
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StartAccounting effect of HP default and Repossession
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StartCase Study - Hire Purchase Default and Repossession
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StartCase Study - Hire Purchase Default and Partial Repossession
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Inventory Valuation
6 Lessons -
Final Accounts of Sole Proprietors
41 Lessons-
StartIntroduction to Final Accounts of Sole Proprietors
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StartIntroduction to Final Accounts of Non Manufacturing Entities
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StartIncome Statement and Position Statement
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StartPreparation of Final Accounts - fundamental aspects
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StartInter-relationship between two statements
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StartMatching Principle
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StartExceptions to Matching Principle
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StartTrading Account
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StartTrading Account Items
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StartClosing entries in Trading Account
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StartTrading Account Case Study 1
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StartTrading Account Closing Entries Case Study 2
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StartProfit and Loss Account
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StartTreatment of Specific items
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StartClosing entries related to Profit and Loss account
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StartProfit and Loss Account Case Study 2
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StartAdjustments in Final Accounts
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StartProvision for Doubtful Debts Case Study 4
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StartOther Adjustments in Final Accounts
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StartAbnormal Loss of Inventory by accident or fire
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StartGoods Sent on Approval Basis
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StartGoods used other than for Sale
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StartAccounting Entry for Sales Tax
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StartCommission based on Profit
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StartPreparation of Final Accounts - Case Study 5
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StartArrangements of Assets and Liabilities
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StartClassifications of Assets and Liabilities
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StartPreparation of Balance Sheet - Case Study 6
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StartPreparation of Revised P&L and Balance Sheet - Case Study 7
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StartDetermination of Outstanding Salaries and related adjustments
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StartOpening Entry and Case Study
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StartProvisions and Reserves
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StartProvisions and Reserves Case Study 8
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StartFinal Accounts of Manufacturing Entities - Introduction
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StartManufacturing Cost
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StartDirect Manufacturing Expenses
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StartIndirect Manufacturing Expenses
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StartBy Products
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StartStructure of Manufacturing Account
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StartManufacturing Account Case Study 8
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StartManufacturing Account Case Study 9
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Accounting for Not-for-Profit Organisations
19 Lessons-
StartIntroduction to Accounting for Non Profit Organisations
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StartNature of Receipts and Payment Account
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StartCase 1 Receipts and Payment Account
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StartIncome and Expenditure Account
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StartMain Sources of Income
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StartDifference between Receipts and Payments Account
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StartPreparation of Income and Expenditure Account from Receipts and Payments Account
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StartCase 2 Subscription Accounting in Income and Expenditure Account
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StartCase 3 Salaries Accounting in Income and Expenditure Account
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StartAccounting treatment of Donations
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StartAccounting treatment of Entrance and Admission Fees
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StartAccounting for Subscriptions
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StartAccounting for life members fees
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StartCase 4 Preparation of Income and Expenditure Account and Balance Sheet
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StartCase 5 Preparation of Income and Expenditure Account and Balance Sheet
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StartCase 6 Preparation of Receipts and Payment Account and Subscription Account
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StartProblem-1 Receipts and Payments
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StartProblem -2 Subscription and Related Ledgers
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StartProblem -3 Salary Account and Related Ledgers
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Advanced Partnership Accounts
64 Lessons-
StartPartnership and Appropriation of Profits
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StartFixed Capital and Fluctuating Capital
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StartAppropriation of Profits
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StartFixed Capital and Fluctuating Capital Format
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StartCase 1 Fixed and Fluctuating Capital Method
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StartDifference between Fixed Capital and Fluctuating Capital Method
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StartCase 2 Fluctuating Capital Method
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StartCase 3 Fixed Capital Method
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StartAccounting Treatment for Interest on Capital
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StartCase 4 Interest on Capital
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StartCalculation of Interest on Drawings
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StartCase 1 Interest on Drawings
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StartCase 2 Comprehensive Case Study Interest on Drawings and other adjustments
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StartCase 3 Interest on Drawings uniformly at the end of every quarter
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StartCase 4 Interest on Drawings and Adjustment Entry
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StartCase 5 Adjustment for Wrong Distribution of Profits
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StartGuaranteed Partnership - Guarantee by One Partner
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StartCase 6 Guarantee by One Partner
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StartGuarantee given by Firm
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StartCase 7 Guarantee by Firm
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StartCase 8 Cross Guarantee
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StartCase 9 Guarantee by One Partner
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StartCase 10 Guarantee with retrospective effect
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StartAdjustments at the time of admission of new partner
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StartAdjustments regarding Profit Sharing Ratio and Case Study 11
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StartAdjustments regarding Profit Sharing Ratio and Case Study 12
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StartSacrifice only by few Partners and New Profit Sharing Ratio Case Study 13
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StartAdjustment regarding Valuation of Assets and Liabilities - Revaluation Method
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StartAdjustment regarding Valuation of Assets & Liabilities-Memorandum Revaluatio Mtd
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StartGoodwill
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StartVarious Scenarios for Accounting treatment of Goodwill
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StartValuation methods of Inherent Goodwill
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StartAverage Profits Method
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StartSuper Profits Method
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StartCapitalisation of Profits Method
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StartAnnuity Method
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StartValuation of Goodwill Case Study 14
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StartValuation of Goodwill Super Profit Method Case Study 15
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StartNew Partner cannot pay premium and Goodwill account is raised Case 16
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StartNew Partner pays for Goodwill but Goodwill appearing in Balance Sheet in Full Va
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StartPremium for Goodwill Paid Privately Case 18
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StartPremium for Goodwill in True Sense
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StartAdjustment for Accumulated Profits / Losses
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StartAdjustment Regarding Capital
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StartCase 19 Adjustment Regarding Capital
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StartCase 20 Adjustment Regarding Capital
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StartCase 21 Adjustment Regarding Capital
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StartCase 22 Adjustment Regarding Capital using Memorandum Revaluation A/c
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StartCase 23 Adjustment Regarding Capital
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StartRetirment of Partner
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StartCase 24 Retirment of Partner
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StartRights to Share of Profit after Retirment
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StartCase 25 Right to Share of Profit after Retirement
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StartCase 26 Right to Share of Profit after Retirement
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StartDeath of Partner and Accounting Implications
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StartAccounting treatment for Joint Life Policy
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StartCase 27 Accounting treatment for JLP
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StartDissolution of Partnership Firm
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StartSettlement of Accounts on Dissolution
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StartRealisation of Assets and Liabilities
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StartSettlement of Dues of the Partners
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StartCase 28 Settlement of Dues to the Partners
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StartCase 29 Settlement of Dues to the Partners
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StartInsolvency of Partner
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Amalgamation
18 Lessons-
StartAmalgamation Introduction
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StartDifference between Amalgamation Absortpion and External Reconstruction
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StartTypes of Amalgamation
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StartPurchase Consideration
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StartCase 1 Purchase Consideration
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StartCase 2 Purchase Consideration
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StartMethods of Accounting for Amalgamation
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StartCase 3 Amalgamation in nature of Merger
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StartCase 4 Amalgamation in nature of Purchase
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StartCase 5 Purchase Consideration
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StartCase 6 Purchase Consideration
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StartJournal Entries to be passed in Books of Selling Company
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StartJournal Entries to be passed in Books of Buying Company
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StartIntercompany Owings in Amalgamation
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StartIntercompany Owings - Adjustment in Value of Stock in Amalgamation
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StartCase 7 Intercompany Owings and Amalgamation
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StartCase 8 Amalgamation Closing Ledger in Selling Companies
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StartCase 9 Amalgamation Closing Ledger in Buying Company
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Profit or Loss Pre and Post Incorporation
8 Lessons-
StartIntroduction to Profit or Loss Pre and Post Incorporation
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StartMethods of Computing Profir or Loss Prior to in Incorporation
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StartBasics of Apportionment of Pre and Post Incorporation Items
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StartCase 1 Time Ratio and Sales Ratio
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StartCase 2 Preparation of Balance Sheet involving acquistion during mid of the year
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StartCase 3 Apportionment of Expenses and calculate Pre and Post Incorportion Profits
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StartCase 4 Apportionment of Cost and Revenue between Pre and Post Incorp Periods
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StartCase 5 Allocation of Expenses & Calculation of Pre and Post Incorporation Profit
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Internal Reconstruction
15 Lessons-
StartIntroduction to Internal and External Reconstruction
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StartDifference between Internal and External Reconstruction
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StartMethods of Internal Reconstruction
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StartAlteration of Share Capital
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StartConversion of fully paid shares into stock and vice versa
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StartVariation of Share holders Rights
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StartReduction of Share Capitals
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StartReduction of Share Capitals
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StartSurrender of Shares
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StartEntries in case of internal Reconstruction
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StartCase 1 Alteration of Share Capital
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StartCase Study 2 Conversion of Fully Paid Shares into Stock and Stock into Shares
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StartCase Study 3 Journal Entries for Scheme of Reconstruction
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StartCase Study 4 Journal Entries & Balance Sheet for Scheme of Reconstruction Part 1
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StartCase Study 4 Journal Entries & Balance Sheet for Scheme of Reconstruction Part 2
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Financial Statements of Companies
25 Lessons-
StartWhat is Company?
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StartDifferent Types of Companies
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StartGovernment Company
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StartPrivate Company and Public Company
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StartHolding Company and Subsidiary Company
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StartMaintenance of Books of Accounts
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StartStatutory Books
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StartAnnual Return
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StartFinal Accounts
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StartManagerial Remuneration and Sec 197 & 198
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StartSchedule V of Companies Act 2013
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StartSec I & II of Part II of Schedule V Companies Act 2013
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StartSec III of Part II of Schedule V Companies Act 2013
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StartSec IV of Part II of Schedule V Companies Act 2013
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StartEffective Capital
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StartSection V Remuneration payable to a Managerial Person in two companies
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StartAscertainment of Profit for Managerial Remuneration
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StartDivisible Profits, Dividend and Provision for Depreciation
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StartDeclaration and Payment of Dividend
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StartTransfer to Reserves
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StartCapital Reserves
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StartDeclaration of Dividend
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StartDividend on Preference and Partly Paid Shares
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StartPayment of Dividend
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StartDividend Distribution Tax - Meaning, Accounting, Disclosure and Presentation
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Computerised Accounting System
9 Lessons-
StartIntroduction to Computerised Accounting System
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StartSignificance of Computerised Accounting System'
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StartCodification and Grouping of Accounts
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StartMaintaining the Hierarchy of Ledgers
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StartAccounting Packages
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StartSpread sheet Advantages and Disadvantages
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StartPrepackaged Accounting Softwares
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StartAdvantages and Disadvantages of Prepackaged Accounting Software
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StartConsideration for selection of Pre-packaged Accounting Software
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Accounts from Incomplete Records
10 Lessons-
StartIntroduction to Single Entry System
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StartFeatures of Single Entry System
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StartTypes of Single Entry
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StartMethods of Capital Comparison
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StartDifference between Statement of Affairs and Balance Sheet
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StartAscertainment of Profit by Capital Comparison - Single Entry System
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StartStatement of Affairs Format for Ascertaining Capital Position
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StartStatement of Affairs & Profit Computation Case 1
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StartStatement of Affairs & Profit Compuation Case 2
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StartSuppressed Income Case 3
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Advanced Accounting A Complete Study
Prepare yourself for Advanced Accountancy Paper on CA / CMA / CS / B.Com Courses as well to acquire practical knowledge
Course Summary
Welcome to this course Advanced Accounting A Complete Study for CA / CMA / CFA / CS Students. As the name says, this course is structured keeping in mind academic curriculum of Advanced Accounting Paper meant for CA IPCC / CMA Inter / CS / CFA Students.
In this course, you will learn advanced Accounting topics like
a) Branch Accounts
b) Departmental Accounts
c) Accounting for Royalties
d) Accounting for Hire Purchase Transactions
e) Self Balancing Ledgers
f) Sectional Balancing Ledgers
g) Accounting for Service Sectors, Project Accounting, etc.
h) Accounting for Service Sectors like Software, ITES, Telecommunication, Entertainment, Hospital, Educational Institutions.
i) Accounting for Special Transactions - Bill of Exchange
j) Accounting for Special Transactions - Consignment
k) Accounting for Special Transactions - Joint Venture
l) Accounting for Special Transactions - Sale of goods on Approval or Return Basis
m) Accounting for Special Transactions - Account Current
n) Accounting for Special Transactions - Investment Accounts
o) Accounting for Special Transactions - Insurance Claim (Loss of Stock and Loss of Profit)
p) Accounting for Banking, Electricity and Insurance Companies.
This course is structured in self paced learning style. Theoretical back ground for each and every topic will be explained followed by numerous case studies and most of them will be past examination tested problems.
Take this course and gain complete understanding of Advanced Concepts in Accounting and prepare confident-ally for Professional Course Examinations.
Course Curriculum
CA N Raja Natarajan
I am a Chartered Accountant with tonnes of passion for teaching.
I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.
I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.
I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.
I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.
