Core subjects covered:

• Accounting Convention: Principles and Practices
• Types of Accounting Convention:Different Approaches in Accounting
• Classification of Accounts
• Know About Personal Account
• Know about Real Account
• Know about Nominal Account
• The Three Golden Rules of Accounting
• Accounting Concepts:Fundamental Principles Governing Accounting
• Money Measurement Concept
• Business Entity Concept
• Going Concern Concept
• Accounting Period Concept
• Dual Aspects Concept
• Conservatism Concept
• Realization Concept
• Other Accounting Concepts
• Accounting Terms- Entity, Business
• Transaction, Capital, Drawings.
• Liabilities (Non Current and Current). Assets (Non Current, Current); Expenditure (Capital and Revenue), Expense, Revenue, Income, Profit, Gain, Loss, Purchase, Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash Discount)
• Understanding Accounting:Overview of the Discipline
• Accounting as a System of Recording Business Information
• The Role of Accountants and their Significance
• Purpose of the Accounting Process:Goals and Benefits
• Importance of the Accounting
• Process: Relevance in Business Operations
• Accounting Activities: Key
• Functions and Responsibilities
• Objectives and Scope of Accounting: A Comprehensive Perspective
• A Closer Look at the Responsibilities of Accountants
• Qualitative Characteristics of Accounting Information
• Fundamental Concepts of Accounting: Introduction and Basics
• The Accounting Process/Cycle:Understanding the Steps Involved

Core subjects covered:

• Accounting Terminology: Key
• Concepts and Definitions
• Exploring Various Roles: Proprietor, Supplier/Vendor, Debtor, and Creditor
• Delving into Essential Accounts Terminology
• Preparing ledgers with easiest method – Smartious method
• Understanding the concepts of carry forward and brought down
• Understanding all logics with reasons about the journal and ledger
• Ledger and general folio
• Preparation of Trail Balance
• Understanding the purpose of trial balance
• Understanding the format of trial balance
• Concept of suspense balance
• Types of errors in trial balance and how to identify them
• Shortcuts to prepare trial balance
• How to validate accounts without trial balance
• Balancing the trial balance
• Varieties of Adjusting Entries
• Structure of Adjusting Entries
• Accrued Income: Revenue Earned, Yet to be Received
• Accrued Expenses: Costs Incurred, Yet to be Paid
• Deferred Income: Revenue
• Received, Yet to be Earned
• Liability-Based Method for Recording Unearned Revenue
• Adjusting Entry for Prepaid Expenses
• Separate legal entity term
• Fundamentals of Recording Transactions
• Exploring Basic Accounting Journal Entries
• Capturing Transactions in the Journal
• Mastering the Art of Journal Entry
• Core of Accounting: Crafting
• Precise and Effective Journal Entries

Core subjects covered:

• Journal Entry: Illustration
• Compound Journal Entry
• Examples of Journal Entries in Action
• Learning by Example: Diving into Journal Entries for Practical Insights
• Recording journal entries
• Recording transactions like purchase, sales of goods, purchase return, sales return, discount allowed, rebate allowed, debtor, creditor
• Trade discount, cash discount and rebate
• Bad debt and bad debt recovered transactions
• Insurance, loss and claim transactions
• Cheque issued and dishonoured
• And all other relevant accounting entries
• Creating an Income Statement from Trial Balance
• Statement of Owner’s Equity
• Balance Sheet Overview
• Balance Sheet Format and Categories
• Not-for-Profit Organisation:Meaning
• Characteristics
• Financial Statements for Not-forProfit Organisations
• Receipt and Payment Account
• Format of Receipt and Payment Account
• Features
• Income and Expenditure Account
• Format of Income and Expenditure Account
• Balance Sheet
• Accounting of partnership firm
• Capital account vs current account
• Recording capital transactions
• Interest on capital and drawing
• Preparation of financial statements of partnership firm
• Concept of goodwill
• Calculation of goodwill

Core subjects covered:

• Average profit method of goodwill
• Super profit method of goodwill
• Adjusting Entry for Depreciation Expenses
• Grasping the Notion of Depreciation
• Adjusting Entry for Bad Debts Expenses
• Provision for Bad Debts and Discount on Debtors
• The Adjusted Trial Balance
• Advantages and Disadvantages of a Bank Reconciliation Statement
• Bank Reconciliation Statement Overview
• Exercise: Presentation
• Format for Bank Reconciliation Statement
• Illustrative Example of a Bank
• Reconciliation Statement
• Overview of Financial Statements
• Purpose of Accounting Reports and Financial Statements
• Depiction of Business Financial Position
• Users of Financial Statements
• Key Financial Statement Components:
• Definition of Retained Earnings, Depreciation & Dividends
• Understanding the Income Statement
• Capitalisation method of goodwill
• Fundamentals of accounting of private limited and public limited company
• Share capital transactions
• Dividend of the company
• Operating cycle
• Profit and loss and balance sheet of the company
• Bank reconciliation statement
• Amendments in cashbook
• Amendments as per cashbook and passbook
• Identifying the reasons of differences
• Recording the transactions of BRS