Online Course on Final Accounts of Sole Proprietor

Online Course on Final Accounts of Sole Proprietors

Take this Course for $10
Welcome to this Online Course on Final Accounts of Sole Proprietors

In this course you will learn :

1.Introduction to Final Accounts of Sole Proprietors
2.Introduction to Final Accounts of Non Manufacturing Entities
3.Income Statement and Position Statement
4.Preparation of Final Accounts - fundamental aspects
5.Inter-relationship between two statements
6.Matching Principle
7.Exceptions to Matching Principle
8.Trading Account
9.Trading Account Items
10.Closing entries in Trading Account
11.Trading Account Case Study 1
12.Trading Account Closing Entries Case Study 2
13.Profit and Loss Account
14.Treatment of Specific items
15.Closing entries related to Profit and Loss account
16.Profit and Loss Account Case Study 2
17.Adjustments in Final Accounts
18.Provision for Doubtful Debts Case Study 4
19.Other Adjustments in Final Accounts
20.Abnormal Loss of Inventory by accident or fire
21.Goods Sent on Approval Basis
22.Goods used other than for Sale
23.Accounting Entry for Sales Tax
24.Commission based on Profit
25.Preparation of Final Accounts - Case Study 5
26.Arrangements of Assets and Liabilities
27. Classifications of Assets and Liabilities
28.Preparation of Balance Sheet - Case Study 6
29.Preparation of Revised P&L and Balance Sheet - Case Study 7
30.Determination of Outstanding Salaries and related adjustments
31.Opening Entry and Case Study
32.Provisions and Reserves
33.Provisions and Reserves Case Study 8
34.Final Accounts of Manufacturing Entities - Introduction
35.Manufacturing Cost
36.Direct Manufacturing Expenses
37.Indirect Manufacturing Expenses
38.By Products
39.Structure of Manufacturing Account
40.Manufacturing Account Case Study 8
41.Manufacturing Account Case Study 9


Course Curriculum

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
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.