Accounting Basics - A Complete Study

A - Z Guide for learning the Basics of Accountancy

Take this Course for $10
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Welcome to one of the comprehensive ever course on Accounting Basics.
This course starts from “What is Accounting”, “Need for Accounting” to various Practical aspects in Accounting with 100s of Case Studies. Enjoy lectures for each and every concept in accounting presented in digital hand written format and excel based presentation followed by Solved Case Studies Video.
New videos are being added at frequent intervals and this course will be the longest one in Accounting soon. (72 New video lectures added in August 2016 and now this course has 332 Video Lectures with 29 Hours Content)
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Welcome to Accounting Basics - A Complete Study Course! This is one of the comprehensive course in Fundamentals of Accounting covering theory as well as practice.
In this course, you will learn Fundamentals of Accounting, step by step covering the following:
Section 1: Introduction to Accounting;
Section 2: Book Keeping;
Section 3: Accounting – Objectives and Process;
Section 4: Accountancy, Accounting and Book Keeping;
Section 5: Technical Terms in Accounting
Section 6: Accounting Assumptions, Concepts and Principles
Section 7:Double Entry System
Section 8: Basic Accounting Procedures\
Section 9: Rules for Debit and Credit
Section 10: Journalising Process
Section 11: Ledger
Section 12: Subsidiary Books covering Sales and Purchases Books
Section 13: Purchase Returns and Sales Returns Books
Section 14: Cash Book
Section 15: Bills of Exchanges and Related Books
Section 16: Journal Book / Journal Proper
Section 17: Trial Balance
Section 18: Errors in Accounting
Section 19: Case Studies in rectification of errors
Section 20: Bank Reconciliation Statement
Section 21: Final Accounts
Section 22: Accounts from Incomplete Records (Single Entry System)
Section 23: Accounting for Partnership - Admission of New Partner
Section 24: Accounting for Partnership - Retirement of Partner
Section 25: Company Accounts I
Section 26: Company Accounts II
Section 27: Comprehensive Quiz

This course is structured in self paced learning style.
Video lectures are used for delivering the course content.
Take this course to create strong foundation in fundamentals of accountancy.

Course Curriculum

Welcome Lecture
Introduction to Accounting
Evolution of Accounting
Definition of Accounting
Accounting Cycle
Importance of Accounting
Branches of Accounting
Bases of Accounting
Users of Accounting Information
Role of an Accountant
Multiple Choice Questions - Section 1
Book Keeping - An Introduction
Features of Book Keeping
Objectives of Book Keeping
Advantages & Limitations of Book Keeping
Book Keeping Vs Accounting
Transaction
Capital
Assets
Liabilities
Drawings
Debtors and Creditors
Purchase Sales and returns
Voucher and Invoice
Account
Basic Assumptions in Accounting
Basic Concepts in Accounting
Fundamental Principles of Accounting
Accounting Principles
Business Entity Concept
accounting equation case-1
accounting equation case-2
accounting equation case-3
accounting equation case-4
accounting equation case-5
introduction to traditional approach
Double Entry System Introduction
Double Entry Features
Classification of Accounts
Eg for classification of accounts
Golden Rules of accounting
golden rules of accounting
Application of Rules of Double Entry System
Analysis of Transactions for Passing Accounting Entries (Part 2)
Double Entry System
Principles of Double Entry System
Analysis of Transactions for Passing Accounting Entries (Part 1)
Analysis of Transactions for Passing Accounting Entries (Part 2)
Analysis of Transactions for Passing Accounting Entries (Part 3)
Basic Accounting Procedures
Cash Memo and Invoice
Receipt
Debit and Credit Notes
Pay in Slip and Cheque
Voucher
Accounting Equation
Accounting Equation (Talking Head)
Accounting Equation simple eg
Accounting Equation Comprehensive Example
Rules for Debiting and Crediting
Debit Credit Rule
Books of Original Entry
Steps in Journalising
Journalising Comprehensive Examples
Capital and Drawings
Bank Account Transactions
Accounting entry for Capital Contribution
Accounting entry for Cash Receipt
Accounting Entry for Cash Payment
Acccounting Entry for cash Sales
Accounting Entry for Banking Transaction
Accounting Enrty for Drawings Case Study.mp4
Accounting Entry for Credit Purchase.mp4
Accounting Entry for Cash Purchase.mp4
Accounting Entry for Cheque receipy and deposit.mp4
Accounting Entry for Cheque receipt.mp4
Accounting Entry for Credit Sales.mp4
Accounting Entry for commission Income.mp4
Accounting Entry for Payment through Cheque.mp4
Accounting Entry for Purchase Return.mp4
Accounting Entry for Drawings.mp4
Compound Entry.mp4
Compound Journal Entry Case Study.mp4
Accounting Entry for Sales Return.mp4
Compound Journal Entry.mp4
Accounting Entry for Salary in cash.mp4
Case Study 1 Journalise Transaction
Case Study 2 Journalise Transaction
Case Study 3 Journalise Transaction
Case Study 4 Journalise Transaction
Case Study 5 Journalise Transaction
Case Study 7 Journalise Transaction
Case Study 8 Journalise Transaction
Multiple Choice Questions - Accounting Equation and Journal Entries
Ledger
Utility of Ledger
Ledger Format
Ledger for real personal nominal accounts
Posting and Procedure
Ledger Case Study 1
Ledger Case Study 2
Posting of Compound Entries to Ledger
Posting Openign Entry in Ledger
Balancing an Account
Balancing of Different Accounts
Procedure for Balancing
Difference between Journal and Ledger
case-2 ledger accounts from opening entry
case-3 ledger posting from compont entry
case-1 journal and ledger
case study -4 ledger accounts from opening entery
Subsidiary Books need and advantage
Purchase Book
Case Study on Purchase Book
Sales Book
Sales Book Case Study
Return Books
Purchase Return Book
Purchase Return Book Case Study
Sales Return Book
Sales Return Book Case Study
Cash Book
Kinds of Cash Book
Single Column Cash Book
Case Study Single Column Cash Book
Double Column Cash Book with Disc Column
Case Study Double Column Cash Book with Discount Colum
Double Colum Cash Book with Bank Column
Case Study Double Column Cash Book with Bank Column
Key Points in Cash Book
Triple Column Cash Book
Case Study Triple Column Cash Book
Bill of Exchange
BoE Technical Terms Part I
BoE Technical Terms Part II
BoE Technical Terms Part III
Bills Books
73 Journal Proper.mp4
Trial Balance
Methods and formats of Trial Balance
Trial Balance Case Study
case-1 trial balance
case-2 trial balance
case-3 trial balance
case-4 trial balance
case-4 trial balance
case-4 trial balance
case-7 trial balance
case-9 trial balance
case-8 trial balance
Errors in Accounting
Error of Principle
Error of Omission
Error of Commission
Compensating Errors
Errors and Trial Balance
Case Study on Errors and effect on Trial Balance
Steps to Locate Errors
Suspense Account
Case Study Suspense Acount
Rectification of Errors
Case Study 1 Rectification of Errors
Case Study 2 Rectification of Errors
Case Study 3 Rectification of Errors
Case Study 4 Rectification of Errors
Case Study 5 Rectification of Errors
Case Study 6 Rectification of Errors - Copy
Case Study 7 Rectification with Suspense AC
Cash Book and Bank Book
Bank Pass Book
Difference between ​Cash Book (with Bank Column) and Pass Book.
Bank Reconciliation Statement
Importance of BRS
Causes for Disagreement
1st Disagreement cheque paid not collected
2nd Disagreement cheque issued not presented
3rd Disagreement Amount directly credit by Bank w/o knowledge of company
4th Disagreement Amount directly Debited by Bank w/o knowledge of company
Bank Overdraft
Overview of Bank Reconciliation Statement
Procedure for preparing Bank Reconciliation Statement
Format of Bank Reconciliation Statement
Case 2-Bank Reconciliation Statement
Case 4-Bank Reconciliation Statement
Case 5-Bank Reconciliation Statement
Case 6-Bank Reconciliation Statement
Introduction to Final Accounts (Short Intro)
Introduction To Final Accounts (Detailed Intro)
Trading Account - Need and Format
Closing entries in Trading Account
Trading Accounts - Problem 1
Trading Accounts - Problem 2
Profit and Loss Account - Need and Format
Profit and Loss Account - Problem 1
Trading and Profit and Loss Account - Problem 2
Trading and Profit and Loss Account from Trial Balance - Problem 3
Trading, Profit and Loss and Balance Sheet Problem 4
Adjustments - Outstanding and Prepaid Expenses
Adjustments - Accrued Income and Income Received in Advance
Adjustments - Interest on Capital and Drawings
Adjustments - Depreciation
Adjustments - Bad Debts
Adjustments - Provision for Bad and Doubtful Debts
Adjustments - Provision for Bad and Doubtful Debts and Discount on Debtors
Adjustments - Provision for Discount on Debtors
Case Study 1 - Provision for Bad and Doubtful Debts
Case Study 2 - Provision for Bad and Doubtful Debts
Case Study 3 - Provision for Bad and Doubtful Debts
Final Accounts Case Study 1
Final Accounts Case Study 2
Final Accounts Case Study 3
Final Accounts Case Study 4
Final Accounts Case Study 5
Final Accounts Case Study 6
Final Accounts Case Study 7
Final Accounts Case Study 8
Final Accounts Case Study 9
Final Accounts Case Study 10
Final Accounts Case Study 11
Final Accounts Case Study 12
Final Accounts Case Study 13
Final Accounts Case Study 14
Final Accounts Case Study 15
Final Accounts Case Study 16
Final Accounts Case Study 17
Final Accounts Case Study 18
Final Accounts Case Study 19
Final Accounts Case Study 20
Final Accounts Case Study 21
Prepaid Expenses
Interest on loan outstanding
Interest on Investment Out standing /Accrued
Interest on capital
Interest on Drawings
closing stock
Case-1 Closing stock
Depreciation
Bad Debts
Provision for bad and doubtful debts
Case-1 Provision for bad and doubtful debts
Provision for discount on Debtors
Case-1 Provision for discount on Debtors
Case Study 1 Adjustment Entries
Case Study 2 Adjustment Entries
Case Study 3 Bad Debts
Case Study 4 Provision for Bad Debts
Case Study 5 Provision for Bad Debts
Introduction to Single Entry System
Features of Single Entry System
Introduction to Incomplete Records
Features of Single Entry System of Accounting
Limitations of single entry system
Difference between single entry and double entry
Methods for finding profits
Statement of Affairs Method
Conversion Method
Calculation of Missing Figures
Single Entry Case Study 1
Single Entry Case Study 2
Single Entry Case Study 3
Single Entry Case Study 4
Single Entry Case Study 5
Single Entry Case Study 6
Single Entry Case Study 7
Single Entry Case Study 8
Single Entry Case Study 9
Single Entry Case Study 10
Single Entry Case Study 11
Single Entry Case Study 12
Single Entry Case Study 13
Computation of Total Purchases Case Study
Computation of Total Sales Case Study
Methods of Ascertaining Profit or Loss
Computation of profit under statement of affairs method
Ascertainment of Total Purchase
Case study - Ascertainment of Total Purchase
Ascertainment of Total Sales (with case study)
2709.mp4
Partnership - Definition and Features
Accounting Rules in the absence of Partnership Deed
Fixed Capital and Fluctuating Capital Methods
Difference between Fixed Capital and Fluctuating Capital Methods
Introduction to Partnership
General Features of Partnership
Partnership Deed
Capital Accounts of Partners
Methods of Maintaingn Capital Accounts
Fixed Capital Method
Proforma for Fixed Capital Method
Fluctuationg Capital Method and Proforma
Case Study on Fixed and Fluctuating Capital Method
Difference between Fixed and Fluctuating Capital Methods
Distribution of Profits
Interest on Capital
Case Study on Interest on Capital
Drawings Account
Interest on Drawings
Interest on Drawings
Methods for Computing Interest on Drawings
Product Method for Interest on Drawings
Case Study on Product Method
Average Period Method
Case study on Interest on Capital
Accounting treatment of Commission to Partners
Case Study Profit and Loss Appropriation Account with Commission
Case Study Profit and Loss Appropriation Account after Commission
Goodwill, supporting factors and methods
Goodwill Average Profit Method
Case Study 1 Goodwill Average Profit Method
Case Study 2 Goodwill Average Profit Method
Super Profit Method
Case Study Super Profit Method
Admission of New Partner
Adjustments in Accounting while admitting new partner
Recording of Capital of New Partner
New Profit Sharing Ratio and Sacrificing Ratio
Computation of New Profit Sharing Ratio Case Study 1
Computation of Sacrificing Ratio Case Study 2
Unequal Sacrifice of Old Partners Case Study 3
Equal Sacrifice of Old Partners Case Study 4
Entire Sacrifice by One Partner Only Case Study 5
When new share of incoming partner not given-Compute New and Sacrifice Ratio -CS
Find Sacrificing Ratio when New Profit Sharing Ratio - Case Study
Revaluation of Assets and Liabilities
Accounting Entries to record Revaluation of Assets and Liabilities
Comrpehsive Case Study 1 - Revaluation Method and Balance Sheet
Comprehensive Case Study 2 - Revaluation Method and Balance Sheet
Transfer of Undistributed Profit or Loss
Transfer of Accumulated Reserve
Treatment of Goodwill and Revaluation Method
Case Study - Treatment of Goodwill and Revaluation Method
Case Study - Treatment of Goodwill, Undistributed Loss, Revaluation and Balanc
Retirement of Partner - Introduction
Calculation of New Profit Ratio and Gaining Ratio - Introduction
Difference between Sacrificing Ratio and Gaining Ratio
Different scenarios in New Profit Sharing Ratio - Retirment
Calculation of New Profit and Gaining Ratio - No information about New Ratio
Calculation of New Profit and Gaining Ratio - Unequal Gain by Partners
Calculation of New Profit and Gaining Ratio - Equal Gain by Partners
Calculation of New Profit and Gaining Ratio - Entire Gain by One Partner
Calculation of Gaining Ratio when New Ratio is given
Revaluation of Assets and Liabilities - Retirement
Accounting entries for revaluation of assets and liabilities - retirement
Accounting entries for transfer of undistributed profit or loss
Accounting entries for undistributed Profit or Loss - Retirement
Transfer of Accumulated Reserve at Retirement
Treatment of Goodwill at Retirement
Case Study - Treatment of Goodwill at Retirement
Settlement of Claim of the retiring Partner
Case Study - Settlement of Claim of Retiring Partner
Comprehensive Case Study - Revaluation, Balance Sheet on Retirement
Introduction
Features of Company
Types of Companies
Difference between Partnership and Company
Classes of Share Capital
Classification of Share Capital
Issue of Shares
Allotment of Shares
Issue of Shares at Par
Procedure for allotment of shares
Calls in Arrears
CALLS
Calls in Advance
Issue of Shares at Premium
Issue of Shares at Discount
Sweat Equity Shares
Employees Stock Option Scheme
Forfeiture of shares
Reissue of Forfeited Shares
Forfeiture Example
Forfeiture Example 2
Issue of bonus shares
Share Application and Allotment Problem 1
Share Forfeiture Problem
Share Forfeiture Problem 2
Bonus Issue Problem
Reissue of Forfeit shares Problem 1
Reissue of Forfeit shares Problem 2
Non Voting Shares
Introduction to Financial Statements
Balance sheet format
General Instructions to Schedule III of Companies Act, 2013
General Instructions related to Assets and Liabilities
General Instructions related to Share Capital
General Instructions related to Reserves and Surplus
General Instructions related to Long Term Borrowings
General Instructions related to Long Term Provision
General Instructions related to Short Term Borrowings
General Instructions related to Other Current Liabilities
General Instructions related to Tangible assets
General Instructions related to Intangible Assets
General Instructions related to Non Current Investments
General Instructions related to Long term Loans and Advances
General Instructions related to Other Non Current Assets
General Instructions related to Inventories
General Instructions related to Trade Receivables
General Instructions related to Cash and Cash Equivalents
General Instructions related to Contingent liabilites and Commitments
General Instructions related to Short term Loans and Advances
Profit and Loss Statement Format
General Instructions related to Profit and Loss Statement
author

CA N Raja Natarajan

Instructor

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.