Online Course on Accounting for Partnership

A - Z Guide for learning the Basics of Accountancy

Take this Course for $10
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


Course Curriculum

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
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.