Advanced Accounting A Complete Study

Prepare yourself for Advanced Accountancy Paper on CA / CMA / CS / B.Com Courses as well to acquire practical knowledge

Take this Course for $10
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

Welcome Lecture
Introduction to Branch Accounts
Dependent Branches and Features
Accounting for Dependent Branches
Debtors system
Accounting Entries Debtors System
Dependent Branches Problem 1
Dependent Branches Problem 2
Dependent Branches Problem 3
Dependent Branches Problem 4
Dependent Branches Problem 5
Goods invoiced at SP to Branches & Its Accounting Aspects
Dependent Branches Problem 6 (invoice @ SP)
Dependent Branches Problem 7 (invoice @ SP)
Dependent Branches Problem 8 (invoice @ SP)
Stock and Debtors system
Problem 9 Stock and Debtors System
Problem 10 Stock and Debtors System
Problem 11 stock and Debtors System
Final Accounts Method
Problem 12 Branch Trading & P&L A/c (cost)
Problem 13 Branch Trading A/c (Invoice Price)
Problem 14 Branch Trading P&L A/c (Invoice Price)
Problem 15 on stock and Debtors system
Problem 16 Stock and Debtors System
Whole Sale Branch system
Problem 17 Whole Sale Branch system
Problem 18 Whole Sale Branch system
Problem 19 Whole Sale Branch system
Independent Branches Introduction
Independent Branches Accounting Entry Part 1
Independent Branches Accounting Entry Part 2
Independent Branches Problem 20
Independent Branches Problem 21
Independent Branches Problem 22
Independent Branches Problem 23
Incorporation of Branch Trial Balance
Incorporation of Branch Trial Balance Problem 24
How to Close Books of Branches
Closure of Branch books Problem 25
Closure of Branch books Problem 26
Closure of Branch books Problem 27
Integral and Non Integral Foreign Branch
Techniques for Foreign Currency Translation Non Integral Foreign Operation
Departmental Accounts Introduction
Apportionment of Expenses
Departmental Accounts Problem 1
Departmental Accounts Problem 2
Inter Departmental Transfers
Inter Departmental Transfers Problem 3
Inter Departmental Transfers Problem 4
Inter Departmental Transfers Problem 5
Inter Departmental Transfers Problem 6
Departmental Accounts Problem 7
Departmental Accounts Problem 8
Departmental Accounts Problem 9
Introduction to Self Balancing Ledger System
Self Balancing Ledger Problem 1
Self Balancing Ledger Problem 2
Self Balancing Ledger Problem 3
Contra Transactions
Entries to be Passed in Credit purchase
Self Balancing Ledger Problem 4
Transfer entries
Self Balancing Ledger Problem 5
Self Balancing Ledger Problem 6
Self Balancing Ledger Problem 7
Consignment Accounting Introduction
Accountiong Aspects in Consignment
Accounting Entries in books of consignor
Consignment Accounting Problem 1
Consignment Accounting Problem 2
Consignment Accounting Problem 3
Accounting Entries in the Book of Consignee
Consignment Account Problem 4
Consignment Account Problem 5 (Goods Lost in Fire)
Consignment Account Problem 6
Normal Loss
Consignment Problem 7 with Normal Loss
Consignment Problem 8 Computation of Cost and Invoice Price
Consignment Problem 9 Computation of Profit Percentage on Cost and Selling Price
Consignment Problem 10 Computation of Invoice Value of Goods Sent Out
Consignment Problem 11 Computation of Abnormal Loss
Consignment Problem 12 With Del Credre Commission and Bad Debts
Consignment Problem 13 Computation of Commission
Consignment Problem 14 Computation of Commission
Consignment Problem 15 Computation of Stock Reserve
Joint Venture Introduction
Separate set of Books Method
Problem 1 Saperate set of Books Method
Problem 2 Separate set of Books Method
No Separate Set of Books Maintained
Problem 1 No Separate Set of Books Maintained
Problem 2 No Separate Set of Books Maintained
Memorandum Joint Venture A/c Method
Problem 1 Memorandum Joint Venture A/c Method
Investment Accounting
Problem 1 Investment Accounting
Problem 2 Investment Accounting
Problem 3 Investment Accounting
Accounting for Fixed Investment Securities
Problem 4 Accounting for Fixed Investment Securities
Problem 5 Accounting for Fixed Investment Securities
Insurance Claim Problem 1
Insurance Claim Problem 2
Insurance Claim Problem 3
Insurance Claim Problem 4
Insurance Claim for loss of Profit Part 1
Insurance Claim for loss of Profit Part 2
Insurance Claim for loss of Profit Problem 1
Insurance Claim for loss of Profit Problem 2
Introduction to Bills of Exchange
Accounting Aspects in Bills of Exchange
Methods of Drawing Bills of exchnage
Computation of Bill Due Date
Endorsement of Bill of Exchange
Problem on Endorsement of Bill of Exchange
Discounting of Bill
Problem on Discounting of Bill
Retirement of Bill
Problem on Retirement of Bill
Dishonour of Bill
Problem on Dishonour of Bill
Dishonour of Bill - Different Scenarios
Renewal of Bill of Exchange
Problem 1 on Renewal of Bill of Exchange
Problem 2 on Renewal of Bill of Exchange
Insolvency of Customer
Problem on Insolvency of Customer
Introduction to Sale on Approval or Return Basis
Method I Sale on Approval and Problem
Method II Sale on Approval and Problem
Method I Sale on Approval and Problem 2
Method I Sale on Approval and Problem 3
Method I Sale on Approval and Problem 4
Method I Sale on Approval and Problem 5
Method I Sale on Approval and Problem 6
Depreciation Introduction
Straight Line Method of Depreciation
Problem 1 Straight Line Method of Depreciation
Problem 2 Straight Line Method of Depreciation
Machine Hour Depreciation Method and Problem
Production Units Method of Depreciation and Problem
Depletion Method of Depreciation and Problem
Written Down Value Method
Average Due Date Introduction
Due Date
Types of Problems
Average Due Date Problem 1
Average Due Date Problem 2
Average Due Date Problem 3
Average Due Date Problem 5
Introduction to Account Current
Account Current Problem 1
Product Method
Account Current Problem 2 Product Method
Account Current Problem 3 Forward Method
Account Current Problem 4 Backward Method
Account Current Problem 5 Interest Method
Account Current Problem 6 Product Method
Red Ink Interest Method
Account Current Problem 7 Red Ink Interest Method
Account Current Problem 8 Different Interest Rates
Construction Contract and its Type
Objectives of Accounting for Construction Contract
Applicability of AS7
Measurement of Contract Revenue
Contract Costs - Inclusion and Exclusions
Basic Principles of Recognition of Revenue and Expenses
Composition of Contract Revenue
Provision for Expected Losses
Effect of change in estimate in Construciton Contract
Accounting Disclosures by Construction Contractors as per AS 7
Contract Accounting Case Study 1
Contract Accounting Case Study 2
Contract Accounting Case Study 3
Revenue Recognition - Introduction
Item excluded in Revenue Definition
Timing of Revenue Recognition
Conditions fo Revenue Recognition
Revenue Recognition when goods are sold subject to conditions
Revenue from Rendering of service
Special Treatment of Revenue Recognition
When Revenue from sale of goods can berecognised?
Treatment of interdepartmental Transfer
Revenue Recognition Case Study 1
Revenue Recognition Case Study 2
Revenue Recognition Case Study 3
Revenue Recognition Case Study 4
Revenue Recognition Case Study 5
Revenue Recognition Case Study 6
Revenue Recognition Case Study 7
Revenue Recognition Case Study 8
Introduction to Computer Software Accounting
Software Acquired for Internal Use
Internally Generated Computer Software
Introduction -Banking
Banking, Banking Companies & Exceptions
Important Provisions of Banking Regulation Act
Important Provisions of Banking Regulation Act Part 2
Banks Book Keeping System
Introduction Accounting for Hospitals
Expenses Recognitionby Hospitals
Allocation of Revenue
Realisation of Revenue
What is Royalty?
What is Minimum Rent / Dead Rent in Royalty?
Short workings / Excess Workings and Ground Rent
Recoupment of Shortworkings
Accounting treatment of Shortworkings
Accounting entries in the books of lessee / licencee
Case Study 1 - Royalty Account - with Shortworking Adjustments
Case Study 2 - Royalty Account -with Shortworking Adjustments
Hire Purchase and Installment sale
situation I - When Rate of Interest, Cash Price & Interest given
Situation II-When Rate of Int. & Inst. given but cash price not given
Situation III-When only Inst. are given but cash price & rate of Int. not given
Situation IV-Ref. to annuity table,rate of Int.&inst. given but not cash price
Accounting Treatment in Hire Purchaser Books
Accounting effect of HP default and Repossession
Case Study - Hire Purchase Default and Repossession
Case Study - Hire Purchase Default and Partial Repossession
Case Study FIFO Method
Case Study Average Price Method
Case Study Weighted Average Price Method
Case Study Weighted Average Price Method Inventory Ledger
Case Study 1 Adjusted Selling Price Method
Case Study 2 Adjusted Selling Price Method
Introduction to Final Accounts of Sole Proprietors
Introduction to Final Accounts of Non Manufacturing Entities
Income Statement and Position Statement
Preparation of Final Accounts - fundamental aspects
Inter-relationship between two statements
Matching Principle
Exceptions to Matching Principle
Trading Account
Trading Account Items
Closing entries in Trading Account
Trading Account Case Study 1
Trading Account Closing Entries Case Study 2
Profit and Loss Account
Treatment of Specific items
Closing entries related to Profit and Loss account
Profit and Loss Account Case Study 2
Adjustments in Final Accounts
Provision for Doubtful Debts Case Study 4
Other Adjustments in Final Accounts
Abnormal Loss of Inventory by accident or fire
Goods Sent on Approval Basis
Goods used other than for Sale
Accounting Entry for Sales Tax
Commission based on Profit
Preparation of Final Accounts - Case Study 5
Arrangements of Assets and Liabilities
Classifications of Assets and Liabilities
Preparation of Balance Sheet - Case Study 6
Preparation of Revised P&L and Balance Sheet - Case Study 7
Determination of Outstanding Salaries and related adjustments
Opening Entry and Case Study
Provisions and Reserves
Provisions and Reserves Case Study 8
Final Accounts of Manufacturing Entities - Introduction
Manufacturing Cost
Direct Manufacturing Expenses
Indirect Manufacturing Expenses
By Products
Structure of Manufacturing Account
Manufacturing Account Case Study 8
Manufacturing Account Case Study 9
Introduction to Accounting for Non Profit Organisations
Nature of Receipts and Payment Account
Case 1 Receipts and Payment Account
Income and Expenditure Account
Main Sources of Income
Difference between Receipts and Payments Account
Preparation of Income and Expenditure Account from Receipts and Payments Account
Case 2 Subscription Accounting in Income and Expenditure Account
Case 3 Salaries Accounting in Income and Expenditure Account
Accounting treatment of Donations
Accounting treatment of Entrance and Admission Fees
Accounting for Subscriptions
Accounting for life members fees
Case 4 Preparation of Income and Expenditure Account and Balance Sheet
Case 5 Preparation of Income and Expenditure Account and Balance Sheet
Case 6 Preparation of Receipts and Payment Account and Subscription Account
Problem-1 Receipts and Payments
Problem -2 Subscription and Related Ledgers
Problem -3 Salary Account and Related Ledgers
Partnership and Appropriation of Profits
Fixed Capital and Fluctuating Capital
Appropriation of Profits
Fixed Capital and Fluctuating Capital Format
Case 1 Fixed and Fluctuating Capital Method
Difference between Fixed Capital and Fluctuating Capital Method
Case 2 Fluctuating Capital Method
Case 3 Fixed Capital Method
Accounting Treatment for Interest on Capital
Case 4 Interest on Capital
Calculation of Interest on Drawings
Case 1 Interest on Drawings
Case 2 Comprehensive Case Study Interest on Drawings and other adjustments
Case 3 Interest on Drawings uniformly at the end of every quarter
Case 4 Interest on Drawings and Adjustment Entry
Case 5 Adjustment for Wrong Distribution of Profits
Guaranteed Partnership - Guarantee by One Partner
Case 6 Guarantee by One Partner
Guarantee given by Firm
Case 7 Guarantee by Firm
Case 8 Cross Guarantee
Case 9 Guarantee by One Partner
Case 10 Guarantee with retrospective effect
Adjustments at the time of admission of new partner
Adjustments regarding Profit Sharing Ratio and Case Study 11
Adjustments regarding Profit Sharing Ratio and Case Study 12
Sacrifice only by few Partners and New Profit Sharing Ratio Case Study 13
Adjustment regarding Valuation of Assets and Liabilities - Revaluation Method
Adjustment regarding Valuation of Assets & Liabilities-Memorandum Revaluatio Mtd
Goodwill
Various Scenarios for Accounting treatment of Goodwill
Valuation methods of Inherent Goodwill
Average Profits Method
Super Profits Method
Capitalisation of Profits Method
Annuity Method
Valuation of Goodwill Case Study 14
Valuation of Goodwill Super Profit Method Case Study 15
New Partner cannot pay premium and Goodwill account is raised Case 16
New Partner pays for Goodwill but Goodwill appearing in Balance Sheet in Full Va
Premium for Goodwill Paid Privately Case 18
Premium for Goodwill in True Sense
Adjustment for Accumulated Profits / Losses
Adjustment Regarding Capital
Case 19 Adjustment Regarding Capital
Case 20 Adjustment Regarding Capital
Case 21 Adjustment Regarding Capital
Case 22 Adjustment Regarding Capital using Memorandum Revaluation A/c
Case 23 Adjustment Regarding Capital
Retirment of Partner
Case 24 Retirment of Partner
Rights to Share of Profit after Retirment
Case 25 Right to Share of Profit after Retirement
Case 26 Right to Share of Profit after Retirement
Death of Partner and Accounting Implications
Accounting treatment for Joint Life Policy
Case 27 Accounting treatment for JLP
Dissolution of Partnership Firm
Settlement of Accounts on Dissolution
Realisation of Assets and Liabilities
Settlement of Dues of the Partners
Case 28 Settlement of Dues to the Partners
Case 29 Settlement of Dues to the Partners
Insolvency of Partner
Amalgamation Introduction
Difference between Amalgamation Absortpion and External Reconstruction
Types of Amalgamation
Purchase Consideration
Case 1 Purchase Consideration
Case 2 Purchase Consideration
Methods of Accounting for Amalgamation
Case 3 Amalgamation in nature of Merger
Case 4 Amalgamation in nature of Purchase
Case 5 Purchase Consideration
Case 6 Purchase Consideration
Journal Entries to be passed in Books of Selling Company
Journal Entries to be passed in Books of Buying Company
Intercompany Owings in Amalgamation
Intercompany Owings - Adjustment in Value of Stock in Amalgamation
Case 7 Intercompany Owings and Amalgamation
Case 8 Amalgamation Closing Ledger in Selling Companies
Case 9 Amalgamation Closing Ledger in Buying Company
Introduction to Profit or Loss Pre and Post Incorporation
Methods of Computing Profir or Loss Prior to in Incorporation
Basics of Apportionment of Pre and Post Incorporation Items
Case 1 Time Ratio and Sales Ratio
Case 2 Preparation of Balance Sheet involving acquistion during mid of the year
Case 3 Apportionment of Expenses and calculate Pre and Post Incorportion Profits
Case 4 Apportionment of Cost and Revenue between Pre and Post Incorp Periods
Case 5 Allocation of Expenses & Calculation of Pre and Post Incorporation Profit
Introduction to Internal and External Reconstruction
Difference between Internal and External Reconstruction
Methods of Internal Reconstruction
Alteration of Share Capital
Conversion of fully paid shares into stock and vice versa
Variation of Share holders Rights
Reduction of Share Capitals
Reduction of Share Capitals
Surrender of Shares
Entries in case of internal Reconstruction
Case 1 Alteration of Share Capital
Case Study 2 Conversion of Fully Paid Shares into Stock and Stock into Shares
Case Study 3 Journal Entries for Scheme of Reconstruction
Case Study 4 Journal Entries & Balance Sheet for Scheme of Reconstruction Part 1
Case Study 4 Journal Entries & Balance Sheet for Scheme of Reconstruction Part 2
What is Company?
Different Types of Companies
Government Company
Private Company and Public Company
Holding Company and Subsidiary Company
Maintenance of Books of Accounts
Statutory Books
Annual Return
Final Accounts
Managerial Remuneration and Sec 197 & 198
Schedule V of Companies Act 2013
Sec I & II of Part II of Schedule V Companies Act 2013
Sec III of Part II of Schedule V Companies Act 2013
Sec IV of Part II of Schedule V Companies Act 2013
Effective Capital
Section V Remuneration payable to a Managerial Person in two companies
Ascertainment of Profit for Managerial Remuneration
Divisible Profits, Dividend and Provision for Depreciation
Declaration and Payment of Dividend
Transfer to Reserves
Capital Reserves
Declaration of Dividend
Dividend on Preference and Partly Paid Shares
Payment of Dividend
Dividend Distribution Tax - Meaning, Accounting, Disclosure and Presentation
Introduction to Computerised Accounting System
Significance of Computerised Accounting System'
Codification and Grouping of Accounts
Maintaining the Hierarchy of Ledgers
Accounting Packages
Spread sheet Advantages and Disadvantages
Prepackaged Accounting Softwares
Advantages and Disadvantages of Prepackaged Accounting Software