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Certification Course

Fundamentals of Financial Accounting

Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions.

In this course you will learn :

Week 1: Role of Finance in Business, Financial Accounting - Nature, Scope, Limitations,Basic concepts and Conventions, Accounting Standards - Meaning and Significance
Week 2: GAAP, Accounting Process, Journal Entries, Profit and Loss Accounts, Balance Sheet
Week 3: Tally System - Introduction and Importance, Tally Operations, Rectification of Errors, Banking Reconciliation Statement - Introduction and Importance, Preparation of Bank Reconciliation Statement
Week 4: Consignments - Meaning and Features, Accounts Treatment in the Books of the Consignor and Consignee, Joint Ventures - Accounting Procedures Part - 1
Week 5: Joint Ventures - Accounting Procedures Part - 2, Inland Branches, Depreciation Accounting - Meaning and Causes, Objects of Providing Depreciation and Factors Affecting Depreciation
Week 6: Accounting Treatment including Provision for Depreciation Accounting, Methods of Depreciation (Straight line Method and Diminishing Balance Method),