Accounting Basics – A Complete Study

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Accounting Basics – A Complete Study

Course Description
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Welcome to one of the comprehensive ever course on Accounting Basics.

This course starts from “What is Accounting”, “Need for Accounting” to various Practical aspects in Accounting. Enjoy lectures for each and every concept in accounting presented in digital hand written format followed by Solved Case Studies Video.

New videos are being added at frequent intervals and this course will be the longest one in Accounting soon.
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Welcome to Accounting Basics – A Complete Study Course! This is one of the comprehensive course in Fundamentals of Accounting covering theory as well as practice. In this course, you will learn Fundamentals of Accounting, step by step covering the following: Section 1: a) Introduction to Accounting; b) Book Keeping; c) Accounting – Objectives and Process; d) Accounting Cycle; e) Accountancy, Accounting and Book Keeping; f) Users of Accounting Information; g) Branches of Accounting; h) Basic Accounting Terms; i) Basic Assumptions in Accounting; j) Basic Concepts in Accounting; k) Modifying Principles of Accounting; l) Accounting Standards; Section 2: m) Double Entry System in Accounting; n) Accounting Equation; o) Golden Rules of Accounting; Section 3: p) Source Documents; q) Cash Memo; r) Invoice; s) Receipt; t) Debit Note; u) Credit Note; v) Pay in Slip; w) Cheque; x) Vouchers; Section 4: y) Books of Original Entry; z) Journal and Format aa) Steps in Journalising; bb) Journal Illustrations; cc) Compound Journal Entry; Section 5: dd) Ledger; ee) Utility of Ledger; ff) Format of Ledger; gg) Posting; hh) Procedure for Posting; ii) Posting of Compound Journal Entry; jj) Posting the Opening Entry; kk) Balancing an Account; ll) Significance of Balancing; mm) Balancing of Different Accounts; nn) Procedure for Balancing; Section 6 – covering Trial Balance and Final Accounts. This course is structured in self paced learning style. Video lectures are used for delivering the course content. Take this course to create strong foundation in fundamentals of accountancy.
What are the requirements?
No basic knowledge is required
Students can approach this course with fresh mind
What am I going to get from this course?
Understand need and importance of Accounting
Understand Book Keeping, Objectives and Advantages
Understand Accounting Process, Accounting Cycle,
Understand Users of Accounting Information
Understand Branches of Accounting
Understand Basic Accounting Terms
Understand Accounting Assumptions, Concepts and Principles
Understand Rules of Accounting
Understand Journal, Ledger, Trial Balance and Final Accounts Preparation
What is the target audience?
Any one interested in Learning Accountancy
Accounting / Finance / Science Students
Entrepreneurs

Curriculum

Section 1: Introduction
Introduction
01:17
Need and Importance of Accounting
04:54
Section 2: Book Keeping
Book Keeping and objectives
04:59
Advantages of Book Keeping
05:40
Section 3: Accounting
Accounting and Objectives
04:19
Accounting Process
05:56
Accounting Cycle
03:24
Section 4: Accounting , Accountancy & Book Keeping
Accountancy Accounting Book keeping
01:21
Relationship Between Accountancy, Accounting & Book Keeping
01:41
Difference Between Accounting & Book Keeping
02:21
Users of Accounting Information
03:58
Branches of Accounting
02:05
Section 5: Technical Terms in Accounting
Transaction
03:19
Capital
01:35
Assets
01:57
Liabilities
01:06
Drawings
00:25
Debtors and Creditors
02:24
Purchase Sales and returns
02:32
Voucher and Invoice
01:33
Account
01:05
Quiz about Section 1
6 questions
Section 6: Accounting Assumptions, Concepts and Principles
Basic Assumptions in Accounting
05:13
Basic Concepts in Accounting
08:15
Fundamental Principles of Accounting
06:29
Quiz about Section 2
4 questions
Section 7: Double Entry System
Double Entry System Introduction
03:15
Double Entry Features
02:04
Classification of Accounts
06:16
Eg for classification of accounts
05:56
Golden Rules of accounting
01:55
Quiz about Section 3
9 questions
Section 8: Basic Accounting Procedures
Basic Accounting Procedures
02:25
Cash Memo and Invoice
03:25
Receipt
01:12
Debit and Credit Notes
02:28
Pay in Slip and Cheque
04:07
Voucher
00:46
Accounting Equation
03:20
Accounting Equation (Talking Head)
03:22
Accounting Equation simple eg
03:31
Accounting Equation Comprehensive Example
10:56
Section 9: Rules for Debit and Credit
Rules for Debiting and Crediting
07:09
Debit Credit Rule
06:38
Section 10: Journalising Process
Books of Original Entry
03:45
Steps in Journalising
07:55
Journalising Comprehensive Examples
14:24
Capital and Drawings
04:58
Bank Account Transactions
05:03
Accounting entry for Capital Contribution
07:11
Accounting entry for Cash Receipt
03:06
Accounting Entry for Cash Payment
02:12
Acccounting Entry for cash Sales
02:14
Accounting Entry for Banking Transaction
02:17
Accounting Enrty for Drawings Case Study
02:37
Accounting Entry for Cash Purchase
02:28
Accounting Entry for Credit Purchase
02:55
Accounting Entry for Cheque receipt
02:07
Accounting Entry for Cheque receipt and deposit
02:01
Accounting Entry for commission Income
02:00
Accounting Entry for Credit Sales
02:36
Accounting Entry for Drawings
06:37
Accounting Entry for Payment through Cheque
02:03
Accounting Entry for Purchase Return
02:39
Accounting Entry for Salary in cash
01:54
Accounting Entry for Sales Return
02:55
Compound Entry
06:12
Compound Journal Entry
04:24
Compound Journal Entry Case Study
07:50
Quiz about Section 4
10 questions
Section 11: Ledger
Ledger
04:12
Utility of Ledger
04:45
Ledger Format
07:25
Ledger for real personal nominal accounts
06:53
Posting and Procedure
04:12
Ledger Case Study 1
05:12
Ledger Case Study 2
12:26
Posting of Compound Entries to Ledger
05:46
Posting Openign Entry in Ledger
03:38
Balancing an Account
08:18
Balancing of Different Accounts
03:22
Procedure for Balancing
05:40
Difference between Journal and Ledger
03:54
Quiz about Section 5
10 questions
Section 12: Subsidiary Books covering Sales and Purchase Books
Subsidiary Books need and advantage

Preview

09:44
Purchase Book
05:19
Case Study on Purchase Book
07:24
Sales Book
02:54
Sales Book Case Study
04:45
Section 13: Purchase Return and Sales Return Books
Return Books
02:42
Purchase Return Book
04:47
Purchase Return Book Case Study
05:17
Sales Return Book
03:14
Sales Return Book Case Study
05:30
Section 14: Cash Book
Cash Book
05:45
Kinds of Cash Book
00:45
Single Column Cash Book
06:03
Case Study Single Column Cash Book
08:10
Double Column Cash Book with Disc Column
02:24
Case Study Double Column Cash Book with Discount Colum
05:45
Double Colum Cash Book with Bank Column
06:58
Case Study Double Column Cash Book with Bank Column
13:42
Key Points in Cash Book
08:14
Triple Column Cash Book
02:24
Case Study Triple Column Cash Book
10:47
Quiz about Section 6
6 questions
Section 15: Bills of Exchanges and related Books
Bill of Exchange
06:03
BoE Technical Terms Part I
05:13
BoE Technical Terms Part II
04:44
BoE Technical Terms Part III
03:06
Bills Books
02:44
Section 16: Journal Book / Journal Proper
Journal Proper
08:14
Quiz about Section 7
5 questions
Section 17: Trial Balance
Trial Balance
06:35
Methods and formats of Trial Balance
04:50
Trial Balance Case Study
07:36
Section 18: Errors in Accounting
Errors in Accounting
04:23
Error of Principle
04:03
Error of Omission
04:05
Error of Commission
07:04
Compensating Errors
02:11
Errors and Trial Balance
03:03
Case Study on Errors and effect on Trial Balance
18:05
Steps to Locate Errors
04:06
Suspense Account
03:00
Case Study Suspense Acount
03:46
Section 19: Case Studies in Rectification of Errors
Rectification of Errors
07:37
Case Study 1 Rectification of Errors
03:37
Case Study 2 Rectification of Errors
05:39
Case Study 3 Rectification of Errors
06:53
Case Study 4 Rectification of Errors
10:54
Case Study 5 Rectification of Errors
03:59
Case Study 6 Rectification of Errors – Copy
03:12
Case Study 7 Rectification with Suspense AC
07:14
Final Accounts
Article
Quiz about Section 8
10 questions
Section 20: Bank Reconciliation Statement
Cash Book and Bank Book
04:02
Bank Pass Book
04:03
Difference between Bank Book and Pass Book
06:29
Bank Reconciliation Statement
06:16
Importance of BRS
01:50
Causes for Disagreement
01:47
1st Disagreement cheque paid not collected
02:04
2nd Disagreement cheque issued not presented
03:49
3rd Disagreement Amount directly credit by Bank w/o knowledge of company
03:07
4th Disagreement Amount directly Debited by Bank w/o knowledge of company
03:39
Bank Overdraft
01:49
Overview of Bank Reconciliation Statement
11:07
Procedure for preparing Bank Reconciliation Statement
10:37
Format of Bank Reconciliation Statement
08:43
Section 21: Final Accounts
Trading Accounts – Problem 1
03:13
Trading Accounts – Problem 2
04:16
Trading Account – Need and Format
02:34
Introduction to Final Accounts
03:38
Closing entries in Trading Account
00:36
Profit and Loss Account – Need and Format
04:34
Profit and Loss Account – Problem 1
04:16
Trading and Profit and Loss Account – Problem 2
08:13
Trading and Profit and Loss Account from Trial Balance – Problem 3
09:24
Trading, Profit and Loss and Balance Sheet Problem 4
07:30
Introduction To Final Accounts
17:41
Adjustments – Outstanding and Prepaid Expenses
09:38
Adjustments – Accrued Income and Income Received in Advance
15:43
Adjustments – Interest on Capital and Drawings
15:17
Adjustments – Depreciation
04:49
Adjustments – Bad Debts
03:51
Adjustments – Provision for Bad and Doubtful Debts
05:30
Adjustments – Provision for Bad and Doubtful Debts and Discount on Debtors
08:42
Adjustments – Provision for Discount on Debtors
04:17
Case Study 1 – Provision for Bad and Doubtful Debts
18:58
Case Study 2 – Provision for Bad and Doubtful Debts
09:30
Case Study 3 – Provision for Bad and Doubtful Debts
07:09
Final Accounts Case Study 1
26:14
Final Accounts Case Study 2
25:08
Final Accounts Case Study 3
20:33
Final Accounts Case Study 4
23:05
Final Accounts Case Study 5
03:12
Final Accounts Case Study 6
03:45
Final Accounts Case Study 7
03:25
Final Accounts Case Study 8
03:46
Final Accounts Case Study 9
03:12
Final Accounts Case Study 10
04:45
Final Accounts Case Study 11
04:58
Final Accounts Case Study 12
04:06
Final Accounts Case Study 13
01:36
Final Accounts Case Study 14
02:29
Final Accounts Case Study 15
01:53
Final Accounts Case Study 16
03:26
Final Accounts Case Study 17
03:51
Final Accounts Case Study 18
05:18
Final Accounts Case Study 19
09:17
Final Accounts Case Study 20
04:25
Final Accounts Case Study 21
05:38
Quiz about Section 9
10 questions
Section 22: Accounts from Incomplete Records
Introduction to Incomplete Records
03:12
Features of Single Entry System of Accounting
02:17
Limitations of single entry system
03:21
Difference between single entry and double entry
04:19
Methods for finding profits
01:40
Statement of Affairs Method
05:12
Conversion Method
02:03
Calculation of Missing Figures
03:20
Single Entry Case Study 1
04:53
Single Entry Case Study 2
02:54
Single Entry Case Study 3
03:18
Single Entry Case Study 4
03:17
Single Entry Case Study 5
02:13
Single Entry Case Study 6
06:47
Single Entry Case Study 7
05:06
Single Entry Case Study 8
04:01
Single Entry Case Study 9
07:10
Single Entry Case Study 10
05:56
Single Entry Case Study 11
04:39
Single Entry Case Study 12
06:55
Single Entry Case Study 13
09:04
Computation of Total Purchases Case Study
03:45
Computation of Total Sales Case Study
03:47
Section 23: Accounting for Partnership
Introduction to Partnership
02:13
General Features of Partnership
01:44
Partnership Deed
03:53
Capital Accounts of Partners
06:42
Methods of Maintaingn Capital Accounts
00:31
Fixed Capital Method
02:18
Proforma for Fixed Capital Method
05:06
Fluctuationg Capital Method and Proforma
03:42
Case Study on Fixed and Fluctuating Capital Method
12:30
Difference between Fixed and Fluctuating Capital Methods
02:17
Distribution of Profits
03:02
Interest on Capital
03:20
Case Study on Interest on Capital
04:59
Drawings Account
02:32
Interest on Drawings
02:27
Methods for Computing Interest on Drawings
00:27
Product Method for Interest on Drawings
02:25
Case Study on Product Method
02:49
Average Period Method
05:27
Case study on Interest on Capital
04:59
Case Study on Average Price Method
06:23
Accounting treatment of Commission to Partners
03:25
Case Study Profit and Loss Appropriation Account with Commission
08:57
Case Study Profit and Loss Appropriation Account after Commission
06:00
Goodwill, supporting factors and methods
03:07
Goodwill Average Profit Method
01:37
Case Study 1 Goodwill Average Profit Method
02:10
Case Study 2 Goodwill Average Profit Method
02:48
Super Profit Method
01:50
Case Study Super Profit Method
03:26
Admission of New Partner
02:33
Adjustments in Accounting while admitting new partner
00:59
Recording of Capital of New Partner
02:30
New Profit Sharing Ratio and Sacrificing Ratio
03:48
Computation of New Profit Sharing Ratio Case Study 1
04:45
Computation of Sacrificing Ratio Case Study 2
04:55
Unequal Sacrifice of Old Partners Case Study 3
06:02
Equal Sacrifice of Old Partners Case Study 4
06:06
Entire Sacrifice by One Partner Only Case Study 5
02:11
When new share of incoming partner not given-Compute New and Sacrifice Ratio -CS
06:08
Find Sacrificing Ratio when New Profit Sharing Ratio – Case Study
05:08
Revaluation of Assets and Liabilities
02:37
Accounting Entries to record Revaluation of Assets and Liabilities
05:56
Comrpehsive Case Study 1 – Revaluation Method and Balance Sheet
15:54
Comprehensive Case Study 2 – Revaluation Method and Balance Sheet
18:37
Transfer of Undistributed Profit or Loss
03:27
Transfer of Accumulated Reserve
03:13
Treatment of Goodwill and Revaluation Method
03:07
Case Study – Treatment of Goodwill and Revaluation Method
04:56
Section 24: COMPANY ACCOUNTS I
Introduction
05:07
Features of Company
14:01
Types of Companies
14:09
Difference between Partnership and Company
04:17
Classes of Share Capital
05:57
Classification of Share Capital
04:47
Issue of Shares
04:01
Allotment of Shares
08:00
Issue of Shares at Par
02:03
Procedure for allotment of shares
11:19
Calls in Arrears
01:51
CALLS
03:13
Calls in Advance
02:52
Issue of Shares at Premium
04:03
Issue of Shares at Discount
01:52
Sweat Equity Shares
03:46
Employees Stock Option Scheme
01:22
Forfeiture of shares
05:21
Reissue of Forfeited Shares
03:37
Forfeiture Example
03:40
Forfeiture Example 2
05:23
Issue of bonus shares
07:27
Share Application and Allotment Problem 1
14:43
Share Forfeiture Problem
09:48
Share Forfeiture Problem 2
11:51
Bonus Issue Problem
13:00
Reissue of Forfeit shares Problem 1
17:53
Reissue of Forfeit shares Problem 2
13:58
Non Voting Shares
06:17
Section 25: COMPANY ACCOUNTS II
Introduction to Financial Statements
05:18
Balance sheet format
12:45
General Instructions to Schedule III of Companies Act, 2013
09:32
General Instructions related to Assets and Liabilities
04:43
General Instructions related to Share Capital
05:44
General Instructions related to Reserves and Surplus
02:38
General Instructions related to Long Term Borrowings
04:38
General Instructions related to Long Term Provision
00:57
General Instructions related to Short Term Borrowings
01:46
General Instructions related to Other Current Liabilities
05:39
General Instructions related to Tangible assets
02:49
General Instructions related to Intangible Assets
02:35
General Instructions related to Non Current Investments
04:22
General Instructions related to Long term Loans and Advances
03:45
General Instructions related to Other Non Current Assets
02:01
General Instructions related to Inventories
01:08
General Instructions related to Trade Receivables
01:51
General Instructions related to Cash and Cash Equivalents
02:37
General Instructions related to Contingent liabilites and Commitments
02:44
General Instructions related to Short term Loans and Advances
01:28
Profit and Loss Statement Format
09:57
General Instructions related to Profit and Loss Statement
06:53
Section 26: Comprehensive Quiz
Test Your Knowledge of all the Sections
18 questions
Section 27: Final Section
Accounting Equation Case Study1
03:19
Accounting Equation Case Study 2
13:43
Golden Rule of Accouting
03:18
Retirement of Partner – Introduction
02:45
Calculation of New Profit Ratio and Gaining Ratio – Introduction
02:26
Difference between Sacrificing Ratio and Gaining Ratio
02:45
Different scenarios in New Profit Sharing Ratio – Retirment
00:39
Calculation of New Profit and Gaining Ratio – No information about New Ratio
04:54
Calculation of New Profit and Gaining Ratio – Unequal Gain by Partners
05:15
Calculation of New Profit and Gaining Ratio – Equal Gain by Partners
03:02
Bonus Lecture – Discount Coupon Link For Other Courses
8 pages

Instructor Biography
CA Raja Natarajan, B.Com., PGDBA, FCA, Chartered Accountant
I am a practicing 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.

Course Features

  • Lectures
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