A - Z Guide for learning the Basics of Accountancy
Welcome to this Online Course on Accounting for Partnership
In this course you will learn :
1.Partnership - Definition and Features 2.Accounting Rules in the absence of Partnership Deed 3.Fixed Capital and Fluctuating Capital Methods4.Difference between Fixed Capital and Fluctuating Capital Methods 5.Introduction to Partnership 6.General Features of Partnership 7.Partnership Deed 8.Capital Accounts of Partners 9.Methods of Maintaingn Capital Accounts 10.Fixed Capital Method 11.Proforma for Fixed Capital Method 12.Fluctuationg Capital Method and Proforma 13.Case Study on Fixed and Fluctuating Capital Method 14.Difference between Fixed and Fluctuating Capital Methods 15.Distribution of Profits 16.Interest on Capital 17.Case Study on Interest on Capital 18.Drawings Account 19.Interest on Drawings 20.Interest on Drawings 21.Methods for Computing Interest on Drawings 22.Product Method for Interest on Drawings 23.Case Study on Product Method 24.Average Period Method 26.Case study on Interest on Capital 27.Accounting treatment of Commission to Partners 28.Case Study Profit and Loss Appropriation Account with Commission 29.Case Study Profit and Loss Appropriation Account after Commission 30.Goodwill, supporting factors and methods 31.Goodwill Average Profit Method 32.Case Study 1 Goodwill Average Profit Method 33.Case Study 2 Goodwill Average Profit Method 34.Super Profit Method 35.Case Study Super Profit Method 36.Admission of New Partner 37.Adjustments in Accounting while admitting new partner 38.Recording of Capital of New Partner 39.New Profit Sharing Ratio and Sacrificing Ratio 40.Computation of New Profit Sharing Ratio Case Study 1 41.Computation of Sacrificing Ratio Case Study 2 42.Unequal Sacrifice of Old Partners Case Study 3 43.Equal Sacrifice of Old Partners Case Study 4 44.Entire Sacrifice by One Partner Only Case Study 5 45.When new share of incoming partner not given-Compute New and Sacrifice Ratio -CS 46.Find Sacrificing Ratio when New Profit Sharing Ratio - Case Study 47.Revaluation of Assets and Liabilities 48.Accounting Entries to record Revaluation of Assets and Liabilities 49.Comprehensive Case Study 1 - Revaluation Method and Balance Sheet 50.Comprehensive Case Study 2 - Revaluation Method and Balance Shee 51.Transfer of Undistributed Profit or Loss 52.Transfer of Accumulated Reserve 53.Treatment of Goodwill and Revaluation Method 54.Case Study - Treatment of Goodwill and Revaluation Method 55.Case Study - Treatment of Goodwill, Undistributed Loss, Revaluation and Balance 56.Retirement of Partner - Introduction 57.Calculation of New Profit Ratio and Gaining Ratio - Introduction 58.Difference between Sacrificing Ratio and Gaining Ratio 59.Different scenarios in New Profit Sharing Ratio - Retirment 60.Calculation of New Profit and Gaining Ratio - No information about New Ratio 61.Calculation of New Profit and Gaining Ratio - Unequal Gain by Partners 62.Calculation of New Profit and Gaining Ratio - Equal Gain by Partners 63.Calculation of New Profit and Gaining Ratio - Entire Gain by One Partner 64.Calculation of Gaining Ratio when New Ratio is given 65.Revaluation of Assets and Liabilities - Retirement 66.Accounting entries for revaluation of assets and liabilities - retirement 67.Accounting entries for transfer of undistributed profit or loss 68.Accounting entries for undistributed Profit or Loss - Retirement 69.Transfer of Accumulated Reserve at Retirement 70.Treatment of Goodwill at Retirement 71.Case Study - Treatment of Goodwill at Retirement 72.Settlement of Claim of the retiring Partner 73.Case Study - Settlement of Claim of Retiring Partner 74.Comprehensive Case Study - Revaluation, Balance Sheet on Retirement
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.
Highly Recommended Course. Easy to Understand, Informative, Very Well Organized. The Course is Full of Practical and Valuable for Anyone who wants to Enhance their Skills. Really Enjoyed it. Thank you!!