Accounting for CA Inter - Paper 1 (Module 1)

A Complete Online Course covering Module 1 of Accounting Paper 1 CA Inter

Take this Course for $15
Welcome to this course Accounting for CA Inter Paper 1 (Module 1)
Who should take this course?
This course is meant for students preparing for Chartered Accountancy Inter Examinations. This course topics of Module 1 of Paper 1 Accounting.
Why you should take this course?
  • By taking this course, you will be able to have complete coverage of Module 1 topics with lot many case studies to solve. Approaching complex topics through case studies is the best way to understand them and you will find lot many in this course.
What you will learn by taking this course?
This is a comprehensive course, covering each and every topic in detail. In this course,you will learn Module 1 topics explaining concepts, theories, and techniques which deals with conceptual frame work.
a) Introduction to Accounting Standards
b) Framework for preparation and presentation of financial statements.
c) Overview of Accounting Standards.
How this course is structured?
This course is structured in self paced learning style. Each and every section of this course is broken down as various micro lectures and then they are substantiated with examples and case studies. You'll gain authority on each and every topic as i take you through lectures one by one. This course is presented in simple language with examples. This course has video lectures (with writings on Black / Green Board / Note book / Talking head, etc). You would feel you are attending a real class.
What are the pre-requisites for taking this course?
You should have basic knowledge of Accounting. You would require good internet connection for interruption free learning process.
How this course will benefit you?
At the end of the course, you will be able to solve above advanced concepts, case studies in Accounting Module 1 Topics at ease with high level of confidence. This course will equip you for approaching CA Inter Examination with confidence as well hand real life problems with clarity. 

Course Curriculum

Convergence to IFRS in India
Advantages of Accounting Standards
What are Accounting Standards?
Need for convergence of AS with IFRS
Status of Accounting Standards
What is IFRS and benefit of convergence?
What is Ind AS?
What are Carve Outs and Carve Ins in Ind AS?
Implementation of Ind AS for Companies
Implementation of Ind AS for NBFC, Scheduled Commercial Banks, Insurers / Insurance Companies
Intro to fundamental accounting assumptions
Recognition of asset and liability - example
Components of Financial Statements
Objectives and Users of Financial Statements
Going Concern Assumption
Accrual Basis Assumption
Elements of Financial Statements
What is Asset?
What is Equity?
What is Liability
What is Expense?
Current Cost Convention
What is Income?
Realisable Value
Measurement of elements of Financial Statements
What is Historical Cost?
Present Value Convention
Concept of Capital Maintenance
Financial Capital Maintenance at Historical Cost
Physical Capital Maintenance at Current Cost
Introduction to AS 1 Disclosure of Accounting Policies
Fundamental Accounting Assumptions
Accounting Policies
Going Concern Assumption Case Study
AS 2 Introduction
Items excluded from scope of AS 2
Types of Inventory
Inventory cost ascertainment
Valuation of Inventory
Measurement of Inventory
Cost of Inventory
Joint Products or Byproducts
Cost Formula
Other Techniques of Cost Measurement
Net Realisable Value
Disclosure Requirements
Value of Inventory Case Study
Treatment of Fixed Overheads Case Study
Computation of Cost of Inventory Case Study
Valuation of Inventory Net Realiable Value Item by Item Basis Case Study
Treatment of Normal and Abnormal Loss and Valuation of Inventory Case Study
Treatment of Production Overheads in Valuation of Inventory Case Study
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.