Accrual Accounting course - To develop an understanding of the basic concepts and principles of Accounting and apply the same in preparing financial statements and simple problem solving.

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FRAMEWORK OF  CHAPTERS - UNIFORM STRUCTURE COMPRISING  OF SPECIFIC COMPONENTS


1. Learning Outcome
2. Chapter Overview
3. Content of each chapter
4. Illustrations involving conceptual understanding
5. Summary
6. Test your knowledge

CONTENTS:

1. Theoretical Framework
    - Meaning and Scope of Accounting
    - Accounting concepts, Principles and Conventions
    - Accounting terminology - Glossary
    - Capital and Revenue Expenditure And Receipts 
    - Contingent Assets and Contingent Liabilities
    - Accounting Policies
    - Accounting as a Measurement Discipline
        - Valuation Principles
        - Accounting Estimates
    - Accounting Standards- Concepts and Objectives
    - Indian Accounting Standards- Concepts and Objectives
2. Accounting Process
    - Books of Accounts
        - Basic Accounting Procedures- Journal Entries
        - Ledgers
    - Preparation of Trial Balance
    - Subsidiary Books
    - Cash Book
    - Rectification of Errors
3. Bank Reconciliation Statement
    - Introduction
    - Importance of Bank Reconciliation Statement
    - Preparation of Bank Reconciliation Statement
    - Methods of Bank reconciliation
4. Inventories
    - Cost of Inventory
    - Net Realizable Value
    - Basis and Technique of Inventory Valuation
    - Record keeping
    - Inventory Taking
5. Concept and Accounting of Depreciation
    - Concepts
    - Methods of Computation of Depreciation
    - Accounting Treatment of Depreciation
    - Change in Depreciation Methods
6. Preparation of Final Accounts of Sole Proprietors
    - Elements of Financial Statements
    - Closing Adjustment Entries
    - Trading Account
    - Profit and Loss Account
    - Balance Sheet
    - Limitations of Financial Statements




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