## 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

## 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.

## Course Curriculum

- Introduction to Branch Accounts 4m 26s Preview
- Dependent Branches and Features 3m 50s Preview
- Accounting for Dependent Branches 0m 38s Preview
- Debtors system 8m 57s Preview
- Accounting Entries Debtors System 2m 50s Preview
- Dependent Branches Problem 1 8m 33s Preview
- Dependent Branches Problem 2 8m 08s Preview
- Dependent Branches Problem 3 8m 00s Preview
- Dependent Branches Problem 4 7m 37s Preview
- Dependent Branches Problem 5 19m 42s Preview
- Goods invoiced at SP to Branches 6m 30s Preview
- Dependent Branches Problem 6 (invoice @ SP) 13m 02s Preview
- Dependent Branches Problem 7 (invoice @ SP) 8m 01s Preview
- Dependent Branches Problem 8 (invoice @ SP) 8m 46s Preview
- Stock and Debtors system 8m 44s Preview
- Problem 9 Stock and Debtors System 13m 34s Preview
- Problem 10 Stock and Debtors System 13m 30s Preview
- Problem 11 stock and Debtors System 20m 19s Preview
- Final Accounts Method 2m 39s Preview
- Problem 12 Branch Trading 7m 03s Preview
- Problem 13 Branch Trading A/c (Invoice Price) 8m 30s Preview
- Problem 14 Branch Trading P 18m 02s Preview
- Problem 15 on stock and Debtors system 24m 46s Preview
- Problem 16 Stock and Debtors System 29m 00s Preview
- Whole Sale Branch system 5m 03s Preview
- Problem 17 Whole Sale Branch system 11m 45s Preview
- Problem 18 Whole Sale Branch system 15m 03s Preview
- Problem 19 Whole Sale Branch system 15m 34s Preview
- Independent Branches Introduction 3m 43s Preview
- Independent Branches Accounting Entry Part 1 6m 10s Preview
- Independent Branches Accounting Entry Part 2 3m 38s Preview
- Independent Branches Problem 20 4m 33s Preview
- Independent Branches Problem 21 9m 33s Preview
- Independent Branches Problem 22 8m 08s Preview
- Independent Branches Problem 23 4m 35s Preview
- Incorporation of Branch Trial Balance 7m 21s Preview
- Incorporation of Branch Trial Balance Problem 24 24m 22s Preview
- How to Close Books of Branches 3m 54s Preview
- Closure of Branch books Problem 25 19m 26s Preview
- Closure of Branch books Problem 26 4m 26s Preview
- Closure of Branch books Problem 27 17m 11s Preview

- Departmental Accounts Introduction 4m 58s Preview
- Apportionment of Expenses 4m 57s Preview
- Departmental Accounts Problem 1 32m 46s Preview
- Departmental Accounts Problem 2 11m 29s Preview
- Inter Departmental Transfers 4m 24s Preview
- Inter Departmental Transfers Problem 3 14m 33s Preview
- Inter Departmental Transfers Problem 4 13m 58s Preview
- Inter Departmental Transfers Problem 5 21m 33s Preview
- Inter Departmental Transfers Problem 6 22m 15s Preview
- Departmental Accounts Problem 7 15m 29s Preview
- Departmental Accounts Problem 8 14m 27s Preview
- Departmental Accounts Problem 9 29m 12s Preview

- Introduction to Self Balancing Ledger System 4m 16s Preview
- Self Balancing Ledger Problem 1 20m 08s Preview
- Self Balancing Ledger Problem 2 38m 41s Preview
- Self Balancing Ledger Problem 3 16m 30s Preview
- Contra Transactions 2m 33s Preview
- Entries to be Passed in Credit purchase 9m 18s Preview
- Self Balancing Ledger Problem 4 23m 38s Preview
- Transfer entries 7m 01s Preview
- self Balancing Ledger Problem 5 2m 14s Preview
- self Balancing Ledger Problem 6 41m 17s Preview
- self Balancing Ledger Problem 7 15m 18s Preview

- Consignment Accounting Introduction 7m 55s Preview
- Accountiong Aspects in Consignment 23m 08s Preview
- Accounting Entries in books of consignor 8m 14s Preview
- Consignment Accounting Problem 1 23m 43s Preview
- Consignment Accounting Problem 2 16m 54s Preview
- Consignment Accounting Problem 3 20m 11s Preview
- Accounting Entries in the Book of Consignee 11m 34s Preview
- Consignment Account Problem 4 15m 50s Preview
- Consignment Account Problem 5 (Goods Lost in Fire) 14m 11s Preview
- Consignment Account Problem 6 21m 00s Preview
- Normal Loss 3m 18s Preview
- Consignment Problem 7 with Normal Loss 3m 48s Preview
- Consignment Problem 8 Computation of Cost and Invoice Price 2m 39s Preview
- Consignment Problem 9 Computation of Profit Percentage on Cost and Selling Price 3m 08s Preview
- Consignment Problem 10 Computation of Invoice Value of Goods Sent Out 4m 00s Preview
- Consignment Problem 11 Computation of Abnormal Loss 2m 30s Preview
- Consignment Problem 12 With Del Credre Commission and Bad Debts 6m 56s Preview
- Consignment Problem 13 Computation of Commission 5m 19s Preview
- Consignment Problem 14 Computation of Commission 2m 22s Preview
- Consignment Problem 15 Computation of Stock Reserve 4m 20s Preview

- Joint Venture Introduction 6m 38s Preview
- Separate set of Books Method 8m 58s Preview
- Problem 1 Saperate set of Books Method 20m 16s Preview
- Problem 2 Separate set of Books Method 11m 34s Preview
- No Separate Set of Books Maintained 23m 53s Preview
- Problem 1 No Separate Set of Books Maintained 11m 43s Preview
- Problem 2 No Separate Set of Books Maintained 12m 57s Preview
- Memorandum Joint Venture A/c Method 2m 19s Preview
- Problem 1 Memorandum Joint Venture A/c Method 17m 36s Preview

- Investment Accounting 24m 24s Preview
- Problem 1 Investment Accounting 23m 04s Preview
- Problem 2 Investment Accounting 7m 36s Preview
- Problem 3 Investment Accounting 6m 02s Preview
- Accounting for Fixed Investment Securities 16m 22s Preview
- Problem 4 Accounting for Fixed Investment Securities 23m 35s Preview
- Problem 5 Accounting for Fixed Investment Securities 27m 26s Preview

- Insurance Claim Problem 1 13m 29s Preview
- Insurance Claim Problem 2 24m 53s Preview
- Insurance Claim Problem 3 10m 41s Preview
- Insurance Claim Problem 4 19m 06s Preview
- Insurance Claim for loss of Profit Part 1 11m 07s Preview
- Insurance Claim for loss of Profit Part 2 4m 11s Preview
- Insurance Claim for loss of Profit Problem 1 20m 46s Preview
- Insurance Claim for loss of Profit Problem 2 32m 40s Preview

- Introduction to Bills of Exchange 7m 41s Preview
- Accounting Aspects in Bills of Exchange 8m 28s Preview
- Methods of Drawing Bills of exchnage 10m 58s Preview
- Computation of Bill Due Date 3m 21s Preview
- Endorsement of Bill of Exchange 4m 54s Preview
- Problem on Endorsement of Bill of Exchange 12m 17s Preview
- Discounting of Bill 6m 51s Preview
- Problem on Discounting of Bill 9m 06s Preview
- Retirement of Bill 7m 06s Preview
- Problem on Retirement of Bill 5m 30s Preview
- Dishonour of Bill 12m 11s Preview
- Problem on Dishonour of Bill 4m 12s Preview
- Dishonour of Bill - Different Scenarios 19m 00s Preview
- Renewal of Bill of Exchange 9m 14s Preview
- Problem 1 on Renewal of Bill of Exchange 7m 03s Preview
- Problem 2 on Renewal of Bill of Exchange 5m 55s Preview
- Insolvency of Customer 5m 10s Preview
- Problem on Insolvency of Customer 3m 34s Preview

- Introduction to Sale on Approval or Return Basis 1m 27s Preview
- Method I Sale on Approval and Problem 8m 34s Preview
- Method II Sale on Approval and Problem 6m 18s Preview
- Method I Sale on Approval and Problem 2 4m 27s Preview
- Method I Sale on Approval and Problem 3 4m 03s Preview
- Method I Sale on Approval and Problem 4 3m 33s Preview
- Method I Sale on Approval and Problem 5 5m 02s Preview
- Method I Sale on Approval and Problem 6 6m 42s Preview

- Depreciation Introduction 7m 19s Preview
- Straight Line Method of Depreciation 6m 06s Preview
- Problem 1 Straight Line Method of Depreciation 6m 16s Preview
- Problem 2 Straight Line Method of Depreciation 8m 13s Preview
- Machine Hour Depreciation Method and Problem 7m 21s Preview
- Production Units Method of Depreciation and Problem 3m 01s Preview
- Depletion Method of Depreciation and Problem 3m 30s Preview
- Written Down Value Method 8m 17s Preview

- Average Due Date Introduction 2m 16s Preview
- Due Date 4m 44s Preview
- Types of Problems 4m 40s Preview
- Average Due Date Problem 1 8m 52s Preview
- Average Due Date Problem 2 6m 01s Preview
- Average Due Date Problem 3 4m 02s Preview
- Average Due Date Problem 5 6m 14s Preview

- Introduction to Account Current 3m 20s Preview
- Account Current Problem 1 17m 26s Preview
- Product Method 3m 00s Preview
- Account Current Problem 2 Product Method 10m 10s Preview
- Account Current Problem 3 Forward Method 11m 00s Preview
- Account Current Problem 4 Backward Method 9m 37s Preview
- Account Current Problem 5 Interest Method 5m 02s Preview
- Account Current Problem 6 Product Method 7m 44s Preview
- Red Ink Interest Method 2m 26s Preview
- Account Current Problem 7 Red Ink Interest Method 9m 40s Preview
- Account Current Problem 8 Different Interest Rates 20m 33s Preview

- Construction Contract and its Type 5m 17s Preview
- Objectives of Accounting for Construction Contract 3m 22s Preview
- Applicability of AS7 1m 26s Preview
- Measurement of Contract Revenue 7m 06s Preview
- Contract Costs - Inclusion and Exclusions 4m 25s Preview
- Basic Principles of Recognition of Revenue and Expenses 5m 35s Preview
- Composition of Contract Revenue 1m 49s Preview
- Provision for Expected Losses 0m 45s Preview
- Effect of change in estimate in Construciton Contract 2m 00s Preview
- Accounting Disclosures by Construction Contractors as per AS 7 2m 16s Preview
- Contract Accounting Case Study 1 6m 37s Preview
- Contract Accounting Case Study 2 2m 13s Preview
- Contract Accounting Case Study 3 29m 33s Preview

- Revenue Recognition - Introduction 5m 26s Preview
- Item excluded in Revenue Definition 2m 53s Preview
- Timing of Revenue Recognition 2m 37s Preview
- Conditions fo Revenue Recognition 3m 35s Preview
- Revenue Recognition when goods are sold subject to conditions 4m 28s Preview
- Revenue from Rendering of service 5m 30s Preview
- Special Treatment of Revenue Recognition 2m 59s Preview
- When Revenue from sale of goods can berecognised? 2m 33s Preview
- Treatment of interdepartmental Transfer 3m 22s Preview
- Revenue Recognition Case Study 1 2m 45s Preview
- Revenue Recognition Case Study 2 2m 44s Preview
- Revenue Recognition Case Study 3 3m 08s Preview
- Revenue Recognition Case Study 4 3m 08s Preview
- Revenue Recognition Case Study 5 2m 09s Preview
- Revenue Recognition Case Study 6 1m 43s Preview
- Revenue Recognition Case Study 7 2m 53s Preview
- Revenue Recognition Case Study 8 4m 43s Preview

- Introduction to Computer Software Accounting 3m 00s Preview
- Software Acquired for Internal Use 6m 35s Preview
- Internally Generated Computer Software 10m 04s Preview

- Introduction -Banking 3m 46s Preview
- Banking, Banking Companies 3m 33s Preview
- Important Provisions of Banking Regulation Act 3m 08s Preview
- Important Provisions of Banking Regulation Act Part 2 6m 04s Preview
- Banks Book Keeping System 7m 45s Preview

- Introduction Accounting for Hospitals 1m 47s Preview
- Expenses Recognitionby Hospitals 1m 41s Preview
- Allocation of Revenue 1m 36s Preview
- Realisation of Revenue 1m 45s Preview

- What is Royalty? 2m 57s Preview
- What is Minimum Rent / Dead Rent in Royalty? 5m 10s Preview
- Short workings / Excess Workings and Ground Rent 2m 04s Preview
- Recoupment of Shortworkings 2m 45s Preview
- Accounting treatment of Shortworkings 6m 07s Preview
- Accounting entries in the books of lessee / licencee 3m 45s Preview
- Case Study 1 - Royalty Account - with Shortworking Adjustments 20m 41s Preview
- Case Study 2 - Royalty Account -with Shortworking Adjustments 20m 57s Preview

- Hire Purchase and Installment sale 6m 58s Preview
- situation I - When Rate of Interest, Cash Price 8m 43s Preview
- Situation II-When Rate of Int. 8m 36s Preview
- Situation III-When only Inst. are given but cash price 7m 07s Preview
- Situation IV-Ref. to annuity table,rate of Int. 2m 38s Preview
- Accounting Treatment in Hire Purchaser Books 4m 29s Preview
- Accounting effect of HP default and Repossession 5m 18s Preview
- Case Study - Hire Purchase Default and Repossession 18m 36s Preview
- Case Study - Hire Purchase Default and Partial Repossession 24m 50s Preview

- Case Study FIFO Method 3m 03s Preview
- Case Study Average Price Method 3m 32s Preview
- Case Study Weighted Average Price Method 4m 00s Preview
- Case Study Weighted Average Price Method Inventory Ledger 8m 47s Preview
- Case Study 1 Adjusted Selling Price Method 5m 39s Preview
- Case Study 2 Adjusted Selling Price Method 3m 06s Preview

- Introduction to Final Accounts of Sole Proprietors 3m 40s Preview
- Introduction to Final Accounts of Non Manufacturing Entities 3m 49s Preview
- Income Statement and Position Statement 2m 29s Preview
- Preparation of Final Accounts - fundamental aspects 4m 15s Preview
- Inter-relationship between two statements 1m 49s Preview
- Matching Principle 5m 22s Preview
- Exceptions to Matching Principle 0m 52s Preview
- Trading Account 9m 47s Preview
- Trading Account Items 8m 37s Preview
- Closing entries in Trading Account 4m 04s Preview
- Trading Account Case Study 1 3m 18s Preview
- Trading Account Closing Entries Case Study 2 9m 04s Preview
- Profit and Loss Account 4m 26s Preview
- Treatment of Specific items 6m 00s Preview
- Closing entries related to Profit and Loss account 2m 51s Preview
- Profit and Loss Account Case Study 2 4m 04s Preview
- Adjustments in Final Accounts 9m 24s Preview
- Provision for Doubtful Debts Case Study 4 6m 03s Preview
- Other Adjustments in Final Accounts 4m 17s Preview
- Abnormal Loss of Inventory by accident or fire 3m 22s Preview
- Goods Sent on Approval Basis 4m 21s Preview
- Goods used other than for Sale 2m 06s Preview
- Accounting Entry for Sales Tax 3m 08s Preview
- Commission based on Profit 3m 07s Preview
- Preparation of Final Accounts - Case Study 5 17m 05s Preview
- Arrangements of Assets and Liabilities 6m 06s Preview
- Classifications of Assets and Liabilities 3m 50s Preview
- Preparation of Balance Sheet - Case Study 6 6m 45s Preview
- Preparation of Revised P 11m 02s Preview
- Determination of Outstanding Salaries and related adjustments 8m 48s Preview
- Opening Entry and Case Study 6m 12s Preview
- Provisions and Reserves 3m 16s Preview
- Provisions and Reserves Case Study 8 1m 42s Preview
- Final Accounts of Manufacturing Entities - Introduction 3m 19s Preview
- Manufacturing Cost 2m 26s Preview
- Direct Manufacturing Expenses 1m 56s Preview
- Indirect Manufacturing Expenses 2m 10s Preview
- By Products 2m 50s Preview
- Structure of Manufacturing Account 5m 30s Preview
- Manufacturing Account Case Study 8 9m 52s Preview
- Manufacturing Account Case Study 9 5m 57s Preview

## About Tutor

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.

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Reply## Vincenzo Petito

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## Anant Gaggar

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