What You Will Learn!
- Nature And Scope of Accounting
- Father of Double Entry System
- Meaning of Accounting
- Objects of Accounting
- Modern Functions of Accounting
- Types or Branches of Accounting
- Advantages of Accounting
- Limitations of Accounting
- Accounting Principle or GAAP
- Classification of Accounting Principle
- Accounting concept and Accounting convention
- Indian & International Accounting Standards
- Accounting Standards Issued by the ICAI
- INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)
- Advantages and Disadvantages of IFRS
- IMPORTANCE OF IFRS IN INDIA
- Concepts of Double Entry System
- Meaning and Characteristics of Double Entry System
- Advantages of Double Entry System
- Demerits/Limitations of Double Entry System
- Meaning of Book keeping
- Difference between book-keeping and accounting
- Subsidiary Book and Its Types
- Rules of Debit and Credit : Traditional Approach and Modern Approach
Description
Nature And Scope of Accounting
Father of Double Entry System
Meaning of Accounting
Objects of Accounting
Modern Functions of Accounting
Types or Branches of Accounting
Advantages of Accounting
Limitations of Accounting
Accounting Principle or GAAP
Contents # ➢ They are uniform set of rules framed to ensure uniformity.
➢ They are man made and are derived from experience.
➢ They are not Static and change with passage of time.
Accounting Concepts :
1. Separate entity concept
2. Money measurement concept
3. Going concern concept
4. Accounting period concept
5. Cost concept
6. Dual aspect concept
7. Revenue recognition / realization concept
8. Matching concept
Accounting Convention :
1. Full disclosure convention
2. Consistency convention
3. Conservatism convention
4. Materiality convention
Limitation of Accounting :
1. No Separate list of accounting principles
2.Recording of only monetary form of events
3.Balance sheet not real
4.Accounting not absolutely exact
5.Use in difference
6.Lack of common view
7.Not binding
Classification of Accounting Principle
Indian & International Accounting Standards
Accounting Standards Issued by the ICAI
INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)
Advantages and Disadvantages of IFRS
IMPORTANCE OF IFRS IN INDIA
Concepts of Double Entry System
Meaning of Double Entry System
Characteristics of Double Entry System
Advantages of Double Entry System
Demerits/Limitations of Double Entry System
Meaning of Book keeping
Stages of Accounting
Difference between book-keeping and accounting
Subsidiary Book and Its Types
Rules of Debit and Credit : Traditional Approach and Modern Approach
Types of Accounts :
1. Personal Account : A. Natural person B. Artificial person, C. Representative personal account
2. Real Account : A., Tangible Real Account, B. Intangible Real Account
3. Nominal Account
Golden Rules of Debit & Credit or Traditional Approach or English Approach
Who Should Attend!
- Any Student who pursuing in B,com M,com BBA MBA 11th & 12th Commerce C.A. C.S. and C.M.A.
