Accountancy
Accounts from incomplete records
- Introduction
- Meaning of incomplete records
- Features of incomplete records
- Limitations of incomplete records
- Differences between double entry system and incomplete records
- Accounts from incomplete records
- Ascertaining profit or loss from incomplete records through statement of affairs
- Preparation of final accounts from incomplete records
Accounts of not–for–profit organisation
- Introduction
- Features of not–for–profit organisations
- Receipts and Payments Account
- Items peculiar to not–for–profit organisations
- Income and Expenditure Account
- Balance Sheet
Accounts of partnership firms–fundamentals
- Introduction
- Meaning, definition and features of partnership
- Partnership deed
- Application of the provisions of the indian Partnership Act, 1932 in the absence of partnership deed
- Final accounts of partnership firms
- Methods of maintaining capital accounts of partners
- Interest on capital and interest on drawings of partners
- Salary and commission to partners
- Interest on loan from partners
- Division of profi ts among partners
- Profit and loss appropriation account
Goodwill in partnership accounts
- Introduction
- Nature of goodwill
- Factors determining the value of goodwill of a partnership firm
- Need for valuation of goodwill of partnership firms
- Classification of goodwill
- Methods of valuation of goodwill
Admission of a partner
- Introduction
- Adjustments required at the time of admission of a partner
- Distribution of accumulated profits, reserves and losses
- Revaluation of assets and liabilities
- New profit sharing ratio and Sacrificing ratio
- Adjustment for goodwill
- Adjustment of capital on the basis of new profit sharing ratio
Retirement and death of a partner
- Introduction
- Adjustments required on retirement of a partner
- Distribution of accumulated profits, reserves and losses
- Revaluation of assets and liabilities
- Determination of new profit sharing ratio and gaining ratio
- Adjustment for goodwill
- Adjustment for current year’s profit or loss upto the date of retirement
- Settlement of the amount due to the retiring partner
Company accounts
- Introduction
- Meaning and definition of a company
- Characteristics of a company
- Meaning and types of shares
- Divisions of share capital
- Issue of equity shares
- Process of issue of equity shares
- Issue of shares for cash in instalments
- Issue of shares for cash in lumpsum
- Issue of shares for consideration other than cash
Financial Statement Analysis
- Introduction
- Financial statements
- Financial statements of companies
- Financial statement analysis
- Tools of financial statement analysis
- Preparation of comparative statements
- Preparation of common size statements
- Trend analysis
Ratio Analysis
- Introduction
- Meaning of accounting ratios
- Meaning and definition of ratio analysis
- Objectives of ratio analysis
- Classification of ratios
- Computation of ratios
- Advantages of ratio analysis
- Limitations of ratio analysis
Computerised Accounting system-Tally
- Introduction
- Applications of Computerised Acounting System (CAS)
- Automated accounting system
- Designing the accounting reports
- Data exchange with other information system
- Application of computerised accounting system – Tally with GST package
- Practical application of accounting software – Tally.ERP 9
