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Learn Financial Accounting Online

Financial Accounting is applicable to any commerce students who are pursuing graduation or any of the Professional courses like Chartered Accountancy, Cost & Management Accountancy, Company Secretary Course or any other Commerce related course. The cost for this subject is Rs 4999 but you can buy it for Rs 599 only.
Lessons:

27

Topics:

335

Duration:

215hr 43min

Subject Description

In this 'Financial Accounting' subject, we cover the below topics:

  • Internal Reconstruction
  • Investment Accounting
  • Final Accounts of Companies
  • Buy Back of Shares
  • Partnership Final Accounts
  • Piecemeal Distribution of Cash
  • Amalgamation of Firms
  • Conversion or Sale of a Partnership Firm into a Limited Company
  • Amalgamation, Absorption and External Reconstruction
  • Accounting of Transactions of Foreign Currency
  • Liquidation of Companies
  • Underwriting of Shares and Debentures
  • Accounting for Limited Liability Partnership
  • Accounting Standard 1
  • Accounting Standard 2 - Inventory Valuation
  • Final Accounts of Manufacturing Concern
  • Accounting for Hire Purchase
  • Capital Revenue : Expenditure and Receipts
  • Departmental Accounting
  • Accounting from Incomplete Records
  • Consignment Accounts
  • Branch Accounts
  • Fire Insurance Claim
  • Redemption of Preference Shares
  • Redemption of Debentures
  • Issue of Shares and Debentures
  • Profits Prior to Incorporation

Professor Name: Sonali Doshi,Liily Chwda,Prashant Kotian

This subject is applicable to any Commerce students who are pursuing Graduation or any of the Professional courses like Chartered Accountancy, Cost and Management Accountancy, Company Secretary Course or any other Commerce related course.

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- Cost for this subject is just Rs 599
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About Instructors

Liily Chwda

Chartered Accountant

  • 10 Years of Experience
Bio

Chartered Accountant by qualification and teacher by passion. Prof. Liily Chwda has been a Degree college teacher since the last 5 years teaching Accounts, Taxation, and Financial Management mostly to final year students of B.com, BMS as well as BBI. She has been teaching at an individual level taking home tuition for schools and college students covering a variety of subjects for the past 16 years. She tries to bring a real-life analogy to the class to make the concepts more understandable.

As of now, we have subjects available for commerce, but we are working towards getting more subjects. Please write us a request on your desired subject and we will try to get it available for you at the earliest.

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# Title Web Mobile
Internal Reconstruction hh:mm hh:mm
- Introduction And Alteration Of Share Capital Method
- Variation In Shareholders Rights And Reduction In Share Capital Method
- Compromise Or Arrangement Method
- Utilisation Of Capital Reduction
- Internal Reconstruction - Journal Entries
- Balance Sheet Schedule III
- Capital Reduction A/c - Contingent Liability - Part 1 Of 3
- Capital Reduction A/c - Contingent Liability - Part 2 Of 3
- Capital Reduction A/c - Contingent Liability - Part 3 Of 3
- Capital Reduction A/c & Balance Sheet Schedule III - Part 1 Of 4
- Capital Reduction A/c & Balance Sheet Schedule III - Part 2 Of 4
- Capital Reduction A/c & Balance Sheet Schedule III - Part 3 Of 4
- Capital Reduction A/c & Balance Sheet Schedule III - Part 4 Of 4
Investment Accounting hh:mm hh:mm
- Introduction To Investment Accounting
- Accounting For Investment In Debentures
- Journal Entries Of Accounting For Investment In Debentures
- Bonds And Debentures - Part 1 Of 3
- Bonds And Debentures - Part 2 Of 3
- Bonds And Debentures - Part 3 Of 3
- Bonds And Debentures - Quarterly Interest On Debentures
- Bonds And Debentures - Annual Interest On Debentures
- Bonds And Debentures - Half Yearly Interest On Debentures
- Bonds And Debentures - Annual Interest On Debentures
- Bonds And Debentures - Brokerage Charges
- Accounting Of Investment In Shares
- Accounting Of Investment In Shares - Bonus Issue - Part 1 Of 2
- Accounting Of Investment In Shares - Bonus Issue - Part 2 Of 2
- Accounting Of Investment In Shares - Multiple Investment - Right Issue
- Accounting Of Investment In Shares - Valuation As Per Weighted Average - Part 1 Of 2
- Accounting Of Investment In Shares - Valuation As Per Weighted Average - Part 2 Of 2
- Accounting Of Investment In Bonds And Shares
- Accounting Of Investment - Fully Convertible Debentures Into Equity Shares
- Accounting Of Investment - Partly Convertible Debentures Into Equity Shares - Part 1 Of 2
- Accounting Of Investment - Partly Convertible Debentures Into Equity Shares - Part 2 Of 2
Final Accounts Of Companies hh:mm hh:mm
- Format Of Balance Sheet
- Profit And Loss Account, Adjustment On Tax
- Assessment Record
- Adjustments
- Financial Statement With Adjustments - Part 1 Of 3
- Financial Statement With Adjustments - Part 2 Of 3
- Financial Statement With Adjustments - Part 3 Of 3
- Redemption Of Preference Shares
- Shares Fully Paid Up Out Of General Reserve
- Bonus Shares And Contingent Liability - Part 1 Of 2
- Bonus Shares And Contingent Liability - Part 2 Of 2
- Rectification Of Errors In Accounting Records
- Case Studies
Buy Back Of Shares hh:mm hh:mm
- Introduction To Buy Back And Its Difference With Redemption
- Journal Entries, Equations And Formats Of Maximum Possible Buy Back
- Buy Back At Par, Premium And Discount Out Of Profits
- Calculation Of Fresh Issue And Amount Of Buy Back
- Determining Maximum Number Of Shares For Buy Back
- Equations Of Maximum Buy Back
- Buy Back With Bonus Issue
- Maximum Possible Buy Back When Offer Price Not Given
- Different Loan Funds, Limit On General Reserve
- Offer Price Not Given - Part 1 Of 2
- Offer Price Not Given - Part 2 Of 2
Partnership Final Accounts hh:mm hh:mm
- Introduction To Partnership Final Accounts
- Partnership Final Accounts - Format
- Minimum Profit Guarantee
- Bad Debts
- Sale / Return
- Income Received In Advance
- Admission Of Partner
- Sacrificing Ratio
- Profit & Loss A/c Before And After Admission
- Apportionment
- Bifurcation Of Trading
- Retirement And Death
- Difference Between Accounting On Death And Retirement Of A Partner
- Death Of A Partner
- Retirement Of A Partner
- Partnership Deed
Piecemeal Distribution Of Cash hh:mm hh:mm
- Introduction To Piecemeal Distribution Of Cash
- Excess Capital
- Payment Of Realisation Expenses
- Calculation Of Profit Sharing Ratio
- Statement Of Excess Capital
- Highest Relative Capital Method
- Bills Payable
- Proportionate Capital
- Security Of Creditors
- Secured Loan Settlement
- Contingency Reserve
- Remuneration Given To Partner
Amalgamation Of Firms hh:mm hh:mm
- Introduction To Amalgamation Of Firms
- Net Payment Method
- Amalgamation Of Firms - Format
- Balance Sheet Of Vendor Firm
- Calculation Of Purchase Consideration
- Goodwill Raised And Written Off
- Goodwill Raised And Partly Written Off
- Amalgamation Of Firms - Journal Entries
- Journal Of Purchasing Firm
- Amalgamation Of Sole Trading Concern
- Journal Of Two Traders
- Adjustment Of Overdraft
- Balance Sheet In The New Firm
- Balance After Amalgamation
- Amalgamated Balance Sheet
- Outstanding Income
- New Firm
Conversion Or Sale Of A Partnership Firm Into A Limited Company hh:mm hh:mm
- Introduction To Conversion Or Sale
- Authorised Capital
- Journal & Ledger Of Firms
- Assets Taken Over By Partners
- Investment And Loan
- Assets And Liabilities Not Taken Over
- Joint Stock Company
- Sale Of Shares Received As P.C.
- Redeemable Preference Shares
- Surplus Cash
- Commission
- Purchasing Company
- Allotment Of Shares
- Balance Sheet After Acquisition
- Revalued Property
Amalgamation, Absorption And External Reconstruction hh:mm hh:mm
- Introduction To Amalgamation
- Purchase Consideration Methods
- Purchase Consideration Sums
- Journal Entries In Books Of Selling Company
- Journal Entries In Books Of Purchasing Company - Part A
- Journal Entries In Books Of Purchasing Company - Part B
- Concept Of Statutory Reserve And Liquidation Expenses
- Net Asset Method - Part 1 Of 2
- Net Asset Method - Part 2 Of 2
- Merger Of Two Companies - Part 1 Of 2
- Merger Of Two Companies - Part 2 Of 2
- Purchase Method - Part 1 Of 3
- Purchase Method - Part 2 Of 3
- Purchase Method - Part 3 Of 3
- Statutory Reserve & Inter Company Loan - Part 1 Of 2
- Statutory Reserve & Inter Company Loan - Part 2 Of 2
- Intrinsic Value Method - Part 1 Of 2
- Intrinsic Value Method - Part 2 Of 2
- Export Profit Reserve - Part 1 Of 2
- Part 2 Of 2
- Part U
- Part V
- Part W
Accounting Of Transactions Of Foreign Currency hh:mm hh:mm
- Introduction To Accounting Of Transactions
- Import And Foreign Currency Borrowings
- Import Of Assets And Advanced Payment
- Journal And Ledger A/c On Import Of Goods
- Foreign Currency Transaction - Export Of Goods
- Import And Export, FEF A/c
- Export And Bank Charges On Remittance
- Op Bal Of Foreign Debtors & Creditors
- Debtors A/c And FEF A/c
- Foreign Exchange Fluctuation Account
- Asset Purchased Out To FCL
- Loan And Interest
Liquidation Of Companies hh:mm hh:mm
- Introduction To Liquidation Of Companies
- Format Of Statement Of Affairs
- Statement & Deficiency Account
- Deficiency Account
- Sums On Deficiency Account
- B List Contributories
- Liquidator's Final Statement Of Accounts
- Distribution Of Cash To Equity Shareholder
- Call On Equity Shareholders
- Equivalent Equity Shares
- Liquidators & Receiver Cash A/c
- Calls On Contributories
- Overriding Preferential Payments
Underwriting Of Shares And Debentures hh:mm hh:mm
- Introduction To Underwriting
- U/W Liability & Journal
- Sole Underwriting
- Joint Full U/W Unmarked App
- Joint Underwriting & Journal
- Firm Underwriting
- Liability, Commission, Journal
- Methods Of Treating UW
Accounting For Limited Liability Partnership hh:mm hh:mm
- Introduction To Accounting For Limited Liability Partnership
- Net Loss And Loss By Fire
- Treatment Of Capital And Goodwill By New Partner
- Dishonored Bill, Unrec Sales, Acc Int
- Sale Of Asset, Int On Cap And Drawing
- Provident Fund, Sale Or Return
- Adjustment Of Fixed Assets
- Sole Traders In To LLP.
- Liability Not Taken Over
- Amg Of Sole Trader With A Firm
- Conversion Of Partnership In To LLP
Accounting Standard 1 hh:mm hh:mm
- Disclosure Of Accounting Policies
Accounting Standard 2 - Inventory Valuation hh:mm hh:mm
- Inventory Valuation
- Systems And Methods Of Inventory Valuation
- Stock Valuations,COGS And Gross Profit
- Shortage Of Stock And Returns
- Carriage Inward, Trading And P&L Account
- Verification/Reconciliation Of Stocks
- AS-9 - Revenue Recognition
Final Accounts Of Manufacturing Concern hh:mm hh:mm
- Formats With Closing Entries
- Balance Sheet Format, Adjustments
- Hidden Adjustments
- Manufacturing, Trading And Profit And Loss Account
- Adjustments For Free Samples,Doubtful Debts
- Sale On Approval And Mutual Debt
- Interest On Loan And Capital
- Interest On Loan And Investments
- Ratio Of Expenses
- Unrecorded Purchases Provision On Creditors
- Transfer At Selling Price
- Stock Of Stationery And Sale Of Asset
- Calculation Of Cost Of Closing Stock
Accounting For Hire Purchase hh:mm hh:mm
- Formats Of Interest Calculation
- Interest Calculations
- Calculation Of Cash Price And Journal Entries
- Journal Entries Under Asset Accrual Method And Interest Suspense Method And Balance Sheet Extract In Books Of Hire Purchaser
- Journal Entries Under All Methods.
- Journal Entries And Balance Sheet Extract Under Credit Purchase Method
- Journal Entries And Ledgers In Books Of Vendor
- Ledger Accounts In Books Of Hire Purchase And Vendor
- Instalments, Interest Half Yearly
- Instalments Half Yearly But Interest Yearly
- Repossession Of Goods
- Partial Repossession Of Goods
- Hire Trading Account
- Stock And Debtors Method
Capital Revenue : Expenditure And Receipts hh:mm hh:mm
- Introduction To Expenses And Its Types
- Receipts And Its Type And Deferred Items
- Classification Of Given Items - Part 1 Of 2
- Classification Of Given Items - Part 2 Of 2
- Classification Of Expenses And Income
Departmental Accounting hh:mm hh:mm
- Meaning, Importance, Formats, Of Departmental A/c
- Stock Reserve,Ratios Of Purchase,Sales, Floor Space, And No. Of Employees
- Ratios Of Expenses Are Given
- Inter-Departmental Transfer
- Departmental Accounts With General Profit And Loss A/c, And Multiple Transfers.
- Effects Of General Profit And Loss A/c And Stock Reserve
- Departmental Accounts With Balance Sheet,and Depreciation Adjustment
- Departmental Accounts With Balance Sheet,and Manager's Commission Sales
- Inter-Departmental Transfer At Cost Plus Markup, Ratio Of Direct Wages.
- Inter-Departmental Transfer At Profit And Expenses In General Profit And Loss A/c
- Manager's Commission On Profits After Commission Charged Multiple Inter-department Transfer With Return
- Calculation On Proportion Of Closing Stock.
Accounting From Incomplete Records hh:mm hh:mm
- Introduction To Incomplete Records
- Formats Of Accounts Under Conversion Method
- Calculation Of Purchase/Sales And Memorandum Trading Account
- Preparing Final Accounts By Using Various Accounts
- Opening Statement Of Affairs
- Missing Closing Balances
- Preparing Expense Account, Bank Overdraft Given
- Columnar Cash Book
- Closing Balance Missing
- Gross Profit Margin Given
- Missing Opening Debtors And Total Sales Given
- Trading, Profit And Loss A/c For 2 Years
- Missing Closing Stock, Difference In Cash Book
- Endorsed Bill Dishonored
- Comprehensive Sum
Consignment Accounts hh:mm hh:mm
- Introduction And Concept Of Consignment Accounts
- Entries In The Books Of Consignor And Consignee
- Valuation Of Stock And Journal Of Consignor
- Bad Debts With Del Credere Commission
- Opening Stock With Consignee
- Goods Invoiced At Higher Price
- Invoice Price Given As Percent Of Cost
- Surplus Commission And Loss In Transit
- Returns Of Old Stock And Goods Taken By Consignee
- Bad Debts Without Del Credere Commission
Branch Accounts hh:mm hh:mm
- Introduction And Concept Of Branch Accounts
- Journal And Ledger For Branch Accounts
- Ledger - Stock And Debtors Method
- Debtors Method With Memorandum Accounts
- Goods Sent By Head Office At Invoice Price
- Goods Returned By Branch At Invoice Price
- Two Branches, Two Years
- Stock And Debtors Method (At Cost)
- Stock And Debtors Method (At Invoice Price)
- Stock And Debtors Method For 2 Branches
- Goods Lost And Stolen And Normal Loss
- Independent Branches - Part 1 Of 2
- Independent Branches - Part 2 Of 2
- Accounting For Foreign Branches
Fire Insurance Claim hh:mm hh:mm
- Calculation Of Fire Insurance Claim
- Claim When Records Available
- Preparing Account For Debtors And Creditors
- Information From Suppliers, Customers And Bank
- Trading Account Of Previous Year To Calculate Gross Profit Ratio
- Write Off From Abnormal Stock
- Trading Account For Multiple Years
- Abnormal Stock In Multiple Years
- Estimation Of Purchase, Sales And Expenses For Year Of Fire
- Debtors And Trading Account For Multiple Years
- Loss Of Profits Due To Fire
- Loss Of Profits With Increase In Sales
Issue Of Shares And Debentures hh:mm hh:mm
- Introduction To Companies
- Types Of Shares
- Issue Of Shares
- Under Subscription And Over Subscription
- Forfeiture And Re-issue Of Shares
- Issue Of Shares For Non - Cash Consideration
- Issue Of Debentures
- Write-off Of Discount On Issue
- Balance Sheet Format
- Notes To Balance Sheet
Redemption Of Preference Shares hh:mm hh:mm
- Introduction And Journal Entries
- Equations For Redemption
- Redemption At Premium
- Bonus Issue After Redemption
- Calculation Of Fresh Issue
- Ledger Account For Redemption
- Unpaid Calls On Shares And Forfeiture
- Calculation Of Bank Overdraft After Redemption
- Partly Paid Shares
- Forfeiture Of Shares And Bonus
- Redemption In Instalments
- Issue Of Rights Shares
- Forfeiture And Re-issue Of Shares
Redemption Of Debentures hh:mm hh:mm
- Types Of Redemption And Journal Entries
- Sinking Fund And Conversion Of Debentures
- Debenture Redemption Reserve
- Debenture Redemption Fund And Sinking Fund Calculation
- Conversion Of Debentures
- Conversion With Sinking Fund
- Conversion And Own Debentures
- Purchase Of Own Debentures As Investment
- Redemption Of Preference Share And Debentures
- Use Of DRR For Redemption With Balance Sheet
Profits Prior To Incorporation hh:mm hh:mm
- Introduction To Profits Prior To Incorporation
- Time And Sales Ratio, Rent Ratio
- Director's Fees And Share Issue Expenses
- Adjustment For Interest To Vendors
- Share Transfer Fees, Number Of Employee
- Profit And Loss For Less Than 12 Months
- Calculation Of Goodwill On Takeover
- Variable And Fixed Expenses
- Transfer Of Part Of Pre-Profit To Vendor
- Audit Fees Of Company
- Balance Sheet After Incorporation
- Goodwill Calculation
- Capital Of Proprietor Given
- Share Of Profit As Interest