# Advanced Accounting A Complete Study

Learn Fundamentals of Statistics with supporting case studies Video Course By Ca Raja Natarajan
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Students Enrolled: 0 Total Lecturs: 266
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### What will I learn from this course?

• Understand Branch Accounts
• Understand Deviations like Quartile Deviation, Standard Deviation, etc
• Understand Regression
• Understand Mean, Median and Mode
• Understand Correlation

### Requirements

• Students can approach this course with fresh mind
• No prior knowledge in Statistics is required

### Who is the target audience?

• CA / CMA / CS Students
• Students pursuing CA / CMA / CS / Higher Secondary / Statistics courses
• B.Com 1st Year Students

### Course Curriculum

Total: 266 lectures
• 4m 26s

Introduction to Branch Accounts

• 3m 50s

Dependent Branches and Features Preview

• 0m 38s

Accounting for Dependent Branches

• 8m 57s

Debtors system

• 2m 50s

Accounting Entries Debtors System

• 8m 33s

Dependent Branches Problem 1

• 8m 08s

Dependent Branches Problem 2

• 8m 00s

Dependent Branches Problem 3

• 7m 37s

Dependent Branches Problem 4

• 19m 42s

Dependent Branches Problem 5

• 6m 30s

Goods invoiced at SP to Branches

• 13m 02s

Dependent Branches Problem 6 (invoice @ SP)

• 8m 01s

Dependent Branches Problem 7 (invoice @ SP)

• 8m 46s

Dependent Branches Problem 8 (invoice @ SP)

• 8m 44s

Stock and Debtors system

• 13m 34s

Problem 9 Stock and Debtors System

• 13m 30s

Problem 10 Stock and Debtors System

• 20m 19s

Problem 11 stock and Debtors System

• 2m 39s

Final Accounts Method

• 7m 03s

• 8m 30s

Problem 13 Branch Trading A/c (Invoice Price)

• 18m 02s

• 24m 46s

Problem 15 on stock and Debtors system

• 29m 00s

Problem 16 Stock and Debtors System

• 5m 03s

Whole Sale Branch system

• 11m 45s

Problem 17 Whole Sale Branch system

• 15m 03s

Problem 18 Whole Sale Branch system

• 15m 34s

Problem 19 Whole Sale Branch system

• 3m 43s

Independent Branches Introduction

• 6m 10s

Independent Branches Accounting Entry Part 1

• 3m 38s

Independent Branches Accounting Entry Part 2

• 4m 33s

Independent Branches Problem 20

• 9m 33s

Independent Branches Problem 21

• 8m 08s

Independent Branches Problem 22

• 4m 35s

Independent Branches Problem 23

• 7m 21s

Incorporation of Branch Trial Balance

• 24m 22s

Incorporation of Branch Trial Balance Problem 24

• 3m 54s

How to Close Books of Branches

• 19m 26s

Closure of Branch books Problem 25

• 4m 26s

Closure of Branch books Problem 26

• 17m 11s

Closure of Branch books Problem 27

• 4m 58s

Departmental Accounts Introduction Preview

• 4m 57s

Apportionment of Expenses

• 32m 46s

Departmental Accounts Problem 1

• 11m 29s

Departmental Accounts Problem 2

• 4m 24s

Inter Departmental Transfers

• 14m 33s

Inter Departmental Transfers Problem 3

• 13m 58s

Inter Departmental Transfers Problem 4

• 21m 33s

Inter Departmental Transfers Problem 5

• 22m 15s

Inter Departmental Transfers Problem 6

• 15m 29s

Departmental Accounts Problem 7

• 14m 27s

Departmental Accounts Problem 8

• 29m 12s

Departmental Accounts Problem 9

• 4m 16s

Introduction to Self Balancing Ledger System Preview

• 20m 08s

Self Balancing Ledger Problem 1

• 38m 41s

Self Balancing Ledger Problem 2

• 16m 30s

Self Balancing Ledger Problem 3

• 2m 33s

Contra Transactions

• 9m 18s

Entries to be Passed in Credit purchase

• 23m 38s

Self Balancing Ledger Problem 4

• 7m 01s

Transfer entries

• 2m 14s

self Balancing Ledger Problem 5

• 41m 17s

self Balancing Ledger Problem 6

• 15m 18s

self Balancing Ledger Problem 7

• 7m 55s

Consignment Accounting Introduction Preview

• 23m 08s

Accountiong Aspects in Consignment

• 8m 14s

Accounting Entries in books of consignor

• 23m 43s

Consignment Accounting Problem 1

• 16m 54s

Consignment Accounting Problem 2

• 20m 11s

Consignment Accounting Problem 3

• 11m 34s

Accounting Entries in the Book of Consignee

• 15m 50s

Consignment Account Problem 4

• 14m 11s

Consignment Account Problem 5 (Goods Lost in Fire)

• 21m 00s

Consignment Account Problem 6

• 3m 18s

Normal Loss

• 3m 48s

Consignment Problem 7 with Normal Loss

• 2m 39s

Consignment Problem 8 Computation of Cost and Invoice Price

• 3m 08s

Consignment Problem 9 Computation of Profit Percentage on Cost and Selling Price

• 4m 00s

Consignment Problem 10 Computation of Invoice Value of Goods Sent Out

• 2m 30s

Consignment Problem 11 Computation of Abnormal Loss

• 6m 56s

Consignment Problem 12 With Del Credre Commission and Bad Debts

• 5m 19s

Consignment Problem 13 Computation of Commission

• 2m 22s

Consignment Problem 14 Computation of Commission

• 4m 20s

Consignment Problem 15 Computation of Stock Reserve

• 6m 38s

Joint Venture Introduction Preview

• 8m 58s

Separate set of Books Method

• 20m 16s

Problem 1 Saperate set of Books Method

• 11m 34s

Problem 2 Separate set of Books Method

• 23m 53s

No Separate Set of Books Maintained

• 11m 43s

Problem 1 No Separate Set of Books Maintained

• 12m 57s

Problem 2 No Separate Set of Books Maintained

• 2m 19s

Memorandum Joint Venture A/c Method

• 17m 36s

Problem 1 Memorandum Joint Venture A/c Method

• 24m 24s

Investment Accounting Preview

• 23m 04s

Problem 1 Investment Accounting

• 7m 36s

Problem 2 Investment Accounting

• 6m 02s

Problem 3 Investment Accounting

• 16m 22s

Accounting for Fixed Investment Securities

• 23m 35s

Problem 4 Accounting for Fixed Investment Securities

• 27m 26s

Problem 5 Accounting for Fixed Investment Securities

• 13m 29s

Insurance Claim Problem 1 Preview

• 24m 53s

Insurance Claim Problem 2

• 10m 41s

Insurance Claim Problem 3

• 19m 06s

Insurance Claim Problem 4

• 11m 07s

Insurance Claim for loss of Profit Part 1

• 4m 11s

Insurance Claim for loss of Profit Part 2

• 20m 46s

Insurance Claim for loss of Profit Problem 1

• 32m 40s

Insurance Claim for loss of Profit Problem 2

• 7m 41s

Introduction to Bills of Exchange Preview

• 8m 28s

Accounting Aspects in Bills of Exchange

• 10m 58s

Methods of Drawing Bills of exchnage

• 3m 21s

Computation of Bill Due Date

• 4m 54s

Endorsement of Bill of Exchange

• 12m 17s

Problem on Endorsement of Bill of Exchange

• 6m 51s

Discounting of Bill

• 9m 06s

Problem on Discounting of Bill

• 7m 06s

Retirement of Bill

• 5m 30s

Problem on Retirement of Bill

• 12m 11s

Dishonour of Bill

• 4m 12s

Problem on Dishonour of Bill

• 19m 00s

Dishonour of Bill - Different Scenarios

• 9m 14s

Renewal of Bill of Exchange

• 7m 03s

Problem 1 on Renewal of Bill of Exchange

• 5m 55s

Problem 2 on Renewal of Bill of Exchange

• 5m 10s

Insolvency of Customer

• 3m 34s

Problem on Insolvency of Customer

• 1m 27s

Introduction to Sale on Approval or Return Basis Preview

• 8m 34s

Method I Sale on Approval and Problem

• 6m 18s

Method II Sale on Approval and Problem

• 4m 27s

Method I Sale on Approval and Problem 2

• 4m 03s

Method I Sale on Approval and Problem 3

• 3m 33s

Method I Sale on Approval and Problem 4

• 5m 02s

Method I Sale on Approval and Problem 5

• 6m 42s

Method I Sale on Approval and Problem 6

• 7m 19s

Depreciation Introduction Preview

• 6m 06s

Straight Line Method of Depreciation

• 6m 16s

Problem 1 Straight Line Method of Depreciation

• 8m 13s

Problem 2 Straight Line Method of Depreciation

• 7m 21s

Machine Hour Depreciation Method and Problem

• 3m 01s

Production Units Method of Depreciation and Problem

• 3m 30s

Depletion Method of Depreciation and Problem

• 8m 17s

Written Down Value Method

• 2m 16s

Average Due Date Introduction Preview

• 4m 44s

Due Date

• 4m 40s

Types of Problems

• 8m 52s

Average Due Date Problem 1

• 6m 01s

Average Due Date Problem 2

• 4m 02s

Average Due Date Problem 3

• 6m 14s

Average Due Date Problem 5

• 3m 20s

Introduction to Account Current Preview

• 17m 26s

Account Current Problem 1

• 3m 00s

Product Method

• 10m 10s

Account Current Problem 2 Product Method

• 11m 00s

Account Current Problem 3 Forward Method

• 9m 37s

Account Current Problem 4 Backward Method

• 5m 02s

Account Current Problem 5 Interest Method

• 7m 44s

Account Current Problem 6 Product Method

• 2m 26s

Red Ink Interest Method

• 9m 40s

Account Current Problem 7 Red Ink Interest Method

• 20m 33s

Account Current Problem 8 Different Interest Rates

• 5m 17s

Construction Contract and its Type Preview

• 3m 22s

Objectives of Accounting for Construction Contract

• 1m 26s

Applicability of AS7

• 7m 06s

Measurement of Contract Revenue

• 4m 25s

Contract Costs - Inclusion and Exclusions

• 5m 35s

Basic Principles of Recognition of Revenue and Expenses

• 1m 49s

Composition of Contract Revenue

• 0m 45s

Provision for Expected Losses

• 2m 00s

Effect of change in estimate in Construciton Contract

• 2m 16s

Accounting Disclosures by Construction Contractors as per AS 7

• 6m 37s

Contract Accounting Case Study 1

• 2m 13s

Contract Accounting Case Study 2

• 29m 33s

Contract Accounting Case Study 3

• 5m 26s

Revenue Recognition - Introduction Preview

• 2m 53s

Item excluded in Revenue Definition

• 2m 37s

Timing of Revenue Recognition

• 3m 35s

Conditions fo Revenue Recognition

• 4m 28s

Revenue Recognition when goods are sold subject to conditions

• 5m 30s

Revenue from Rendering of service

• 2m 59s

Special Treatment of Revenue Recognition

• 2m 33s

When Revenue from sale of goods can berecognised?

• 3m 22s

Treatment of interdepartmental Transfer

• 2m 45s

Revenue Recognition Case Study 1

• 2m 44s

Revenue Recognition Case Study 2

• 3m 08s

Revenue Recognition Case Study 3

• 3m 08s

Revenue Recognition Case Study 4

• 2m 09s

Revenue Recognition Case Study 5

• 1m 43s

Revenue Recognition Case Study 6

• 2m 53s

Revenue Recognition Case Study 7

• 4m 43s

Revenue Recognition Case Study 8

• 3m 00s

Introduction to Computer Software Accounting Preview

• 6m 35s

Software Acquired for Internal Use

• 10m 04s

Internally Generated Computer Software

• 3m 46s

Introduction -Banking Preview

• 3m 33s

Banking, Banking Companies

• 3m 08s

Important Provisions of Banking Regulation Act

• 6m 04s

Important Provisions of Banking Regulation Act Part 2

• 7m 45s

Banks Book Keeping System

• 1m 47s

Introduction Accounting for Hospitals Preview

• 1m 41s

Expenses Recognitionby Hospitals

• 1m 36s

Allocation of Revenue

• 1m 45s

Realisation of Revenue

• 2m 57s

What is Royalty? Preview

• 5m 10s

What is Minimum Rent / Dead Rent in Royalty?

• 2m 04s

Short workings / Excess Workings and Ground Rent

• 2m 45s

Recoupment of Shortworkings

• 6m 07s

Accounting treatment of Shortworkings

• 3m 45s

Accounting entries in the books of lessee / licencee

• 20m 41s

Case Study 1 - Royalty Account - with Shortworking Adjustments

• 20m 57s

Case Study 2 - Royalty Account -with Shortworking Adjustments

• 6m 58s

Hire Purchase and Installment sale Preview

• 8m 43s

situation I - When Rate of Interest, Cash Price

• 8m 36s

Situation II-When Rate of Int.

• 7m 07s

Situation III-When only Inst. are given but cash price

• 2m 38s

Situation IV-Ref. to annuity table,rate of Int.

• 4m 29s

Accounting Treatment in Hire Purchaser Books

• 5m 18s

Accounting effect of HP default and Repossession

• 18m 36s

Case Study - Hire Purchase Default and Repossession

• 24m 50s

Case Study - Hire Purchase Default and Partial Repossession

• 3m 03s

Case Study FIFO Method Preview

• 3m 32s

Case Study Average Price Method

• 4m 00s

Case Study Weighted Average Price Method

• 8m 47s

Case Study Weighted Average Price Method Inventory Ledger

• 5m 39s

Case Study 1 Adjusted Selling Price Method

• 3m 06s

Case Study 2 Adjusted Selling Price Method

• 3m 40s

Introduction to Final Accounts of Sole Proprietors Preview

• 3m 49s

Introduction to Final Accounts of Non Manufacturing Entities

• 2m 29s

Income Statement and Position Statement

• 4m 15s

Preparation of Final Accounts - fundamental aspects

• 1m 49s

Inter-relationship between two statements

• 5m 22s

Matching Principle

• 0m 52s

Exceptions to Matching Principle

• 9m 47s

• 8m 37s

• 4m 04s

• 3m 18s

• 9m 04s

Trading Account Closing Entries Case Study 2

• 4m 26s

Profit and Loss Account

• 6m 00s

Treatment of Specific items

• 2m 51s

Closing entries related to Profit and Loss account

• 4m 04s

Profit and Loss Account Case Study 2

• 9m 24s

• 6m 03s

Provision for Doubtful Debts Case Study 4

• 4m 17s

• 3m 22s

Abnormal Loss of Inventory by accident or fire

• 4m 21s

Goods Sent on Approval Basis

• 2m 06s

Goods used other than for Sale

• 3m 08s

Accounting Entry for Sales Tax

• 3m 07s

Commission based on Profit

• 17m 05s

Preparation of Final Accounts - Case Study 5

• 6m 06s

Arrangements of Assets and Liabilities

• 3m 50s

Classifications of Assets and Liabilities

• 6m 45s

Preparation of Balance Sheet - Case Study 6

• 11m 02s

Preparation of Revised P

• 8m 48s

Determination of Outstanding Salaries and related adjustments

• 6m 12s

Opening Entry and Case Study

• 3m 16s

Provisions and Reserves

• 1m 42s

Provisions and Reserves Case Study 8

• 3m 19s

Final Accounts of Manufacturing Entities - Introduction

• 2m 26s

Manufacturing Cost

• 1m 56s

Direct Manufacturing Expenses

• 2m 10s

Indirect Manufacturing Expenses

• 2m 50s

By Products

• 5m 30s

Structure of Manufacturing Account

• 9m 52s

Manufacturing Account Case Study 8

• 5m 57s

Manufacturing Account Case Study 9

### Description

Welcome to this course Advanced Accounting A Complete Study for CA / CMA / CFA / CS Students. As the name says, this course is structured keeping in mind academic curriculum of Advanced Accounting Paper meant for CA IPCC / CMA Inter / CS / CFA Students.

In this course, you will learn advanced Accounting topics like

• Branch Accounts
• Departmental Accounts
• Accounting for Royalties
• Accounting for Hire Purchase Transactions
• Self Balancing Ledgers
• Accounting for Service Sectors, Project Accounting, etc.
• Accounting for Service Sectors like Software, ITES, Telecommunication, Entertainment, Hospital, Educational Institutions.
• Accounting for Special Transactions - Bill of Exchange
• Accounting for Special Transactions - Consignment
• Accounting for Special Transactions - Joint Venture
• Accounting for Special Transactions - Sale of goods on Approval or Return Basis
• Accounting for Special Transactions - Account Current
• Accounting for Special Transactions - Investment Accounts
• Accounting for Special Transactions - Insurance Claim (Loss of Stock and Loss of Profit)
• Accounting for Banking, Electricity and Insurance Companies.

This course is structured in self paced learning style. Theoretical back ground for each and every topic will be explained followed by numerous case studies and most of them will be past examination tested problems.

Take this course and gain complete understanding of Advanced Concepts in Accounting and prepare confident-ally for Professional Course Examinations.

• Tutor: Ca Raja Natarajan
• Tests Packages: 9
• Students: 11
4.4

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.