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Welcome to this course Accounting for CA Inter Paper 1 (Module 1)
Who should take this course?
This course is meant for students preparing for Chartered Accountancy Inter Examinations. This course topics of Module 1 of Paper 1 Accounting.
Why you should take this course?
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By taking this course, you will be able to have complete coverage of Module 1 topics with lot many case studies to solve. Approaching complex topics through case studies is the best way to understand them and you will find lot many in this course.
What you will learn by taking this course?
This is a comprehensive course, covering each and every topic in detail. In this course,you will learn Module 1 topics explaining concepts, theories, and techniques which deals with conceptual frame work.
a) Introduction to Accounting Standards
b) Framework for preparation and presentation of financial statements.
c) Overview of Accounting Standards.
How this course is structured?
This course is structured in self paced learning style. Each and every section of this course is broken down as various micro lectures and then they are substantiated with examples and case studies. You’ll gain authority on each and every topic as i take you through lectures one by one. This course is presented in simple language with examples. This course has video lectures (with writings on Black / Green Board / Note book / Talking head, etc). You would feel you are attending a real class. Â
What are the pre-requisites for taking this course?
You should have basic knowledge of Accounting. You would require good internet connection for interruption free learning process.
How this course will benefit you?
At the end of the course, you will be able to solve above advanced concepts, case studies in Accounting Module 1 Topics at ease with high level of confidence. This course will equip you for approaching CA Inter Examination with confidence as well hand real life problems with clarity.
Framework for Preparation and Presentation of Financial Statements
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1What are Accounting Standards?
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2Advantages of Accounting Standards
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3Need for convergence of AS with IFRS
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4Convergence to IFRS in India
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5What is Ind AS?
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6What are Carve Outs and Carve Ins in Ind AS?
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7Implementation of Ind AS for Companies
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8Implementation of Ind AS for NBFC, Scheduled Commercial Banks, Insurers / Insura
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9Status of Accounting Standards
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10What is IFRS and benefit of convergence?
AS 1 DISCLOSURE OF ACCOUNTING POLICIES
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11Intro to fundamental accounting assumptions
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12Recognition of asset and liability - example
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13Components of Financial Statements
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14Objectives and Users of Financial Statements
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15Going Concern Assumption
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16Accrual Basis Assumption
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17Elements of Financial Statements
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18What is Asset?
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19What is Equity?
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20What is Liability
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21What is Expense?
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22Current Cost Convention
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23What is Income?
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24Realisable Value
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25Measurement of elements of Financial Statements
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26What is Historical Cost?
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27Present Value Convention
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28Concept of Capital Maintenance
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29Financial Capital Maintenance at Historical Cost
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30Physical Capital Maintenance at Current Cost
AS 2 VALUATION OF INVENTORY
AS 3 Cash Flow Statement
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35AS 2 Introduction
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36Items excluded from scope of AS 2
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37Types of Inventory
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38Inventory cost ascertainment
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39Valuation of Inventory
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40Measurement of Inventory
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41Cost of Inventory
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42Joint Products or Byproducts
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43Cost Formula
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44Other Techniques of Cost Measurement
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45Net Realisable Value
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46Disclosure Requirements
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47Value of Inventory Case Study
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48Treatment of Fixed Overheads Case Study
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49Computation of Cost of Inventory Case Study
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50Valuation of Inventory Net Realiable Value Item by Item Basis Case Study
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51Treatment of Normal and Abnormal Loss and Valuation of Inventory Case Study
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52Treatment of Production Overheads in Valuation of Inventory Case Study
AS 4 Contingencies and Events occuring after balance sheet date
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53Cash Flow Statement Introduction (Talking Head)
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54Cash Flows from Various Activities (Talking Head)
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55Cash Flow Statement Direct Method (Talking Head)
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56Cash Flow Statement Indirect Method (Talking Head)
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57Case Study 1 Cash flow study (Talking Head)
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58Case Study 2 Cash flow study (Talking Head)
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59Case Study 3 Cash flow study (Talking Head)
AS 5 Net Profit or Loss for the period, Prior Period Items and Changes in Accoun
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60Introduction to AS 4
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61Events occurring after Balance Sheet Date
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62Adjusting Event and Non Adjusting Event
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63Events not affecting Financial Statement
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64Special Nature Event (Dividends Declared)
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65Going Concern and Events occuring after Balance Sheet Date
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66Case Study1 Events occurring after Balance Sheet Date
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67Case Study2 Events occurring after Balance Sheet Date
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68Case Study3 Events occurring after Balance Sheet Date
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69Case Study4 Events occurring after Balance Sheet Date
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70Case Study 5 Events occurring after Balance Sheet Date
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71Case Study6 Events occurring after Balance Sheet Date
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72Case Study7 Events occurring after Balance Sheet Date
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73Case Study8 Events occurring after Balance Sheet Date
AS 7 Construction Contracts
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74AS 5 Introduction
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75Profit or Loss from Oridnary Items
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76Extra Ordinary Items as per AS 5
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77Exceptional Items
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78Prior Period Items
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79Changes in Accounting Estimates
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80Changes in Accounting Policy
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81Case Study - Prior Period Item
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82Case Study - Disclosure for Ordinary Items
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83Case Study - Disclosure for Ordinary Items
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84Case Study Prior Period Item
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85Case Study Change in Accounting Policy