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Welcome to this course “Accounting Standards A Complete Study”
The objective of this course is to have a complete overview of theory and practice of Accounting Standards issued by Institute of Chartered Accountants of India. In this course, i have taken efforts to explain each and every part of Accounting Standards and they will be supported by case studies as well.
Knowledge of Accounting Standards is very essential from Examination perspective as well from Practical angle. Because, Accounting Standards significantly influence the way Financial Statements are prepared and presented. Students pursuing professional courses like Chartered Accountancy, Cost and Management Accountancy, Company Secretaryship, etc. should have through knowledge of Accounting Standards.
I will be covering following Accounting Standards in this course:
AS 1 Disclosure of Accounting Policies
AS 2 Valuation of Inventories
AS 3 Cash Flow Statements
AS 4 Contingencies and events occuring after Balance Sheet Date
AS 5 Net Profit or Loss for the period, Prior period items and Changes in Accounting Policies
AS 9 Revenue Recognition
AS 10 Property, Plant and Equipment
AS 11 Effects of Changes in Foreign Exchange Rates
AS 12 Accounting for Government Grants
AS 13 Accounting for Investments
AS 16 Borrowing Costs
AS 17 Segment Reporting
AS 22 Accounting for Taxes on Income
In addition to above AS, you will also find video lectures for
Ind AS 1 Presentation of Financial Statements
Ind AS 7 Statement of Cash Flows
Ind AS 33 Earnings Per Share
Ind AS 109 Financial Instruments
This course is structured in a self-paced learning style. You can learn these number-crunching topics at your own pace. Use headphones and have notepad/excel opened to scribble or take note of what you are learning.
Wish you a happy learning.
AS 1 DISCLOSURE OF ACCOUNTING POLICIES
AS 2 VALUATION OF INVENTORY
AS 3 Cash Flow Statement
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7AS 2 Introduction
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8Items excluded from scope of AS 2
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9Types of Inventory
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10Inventory cost ascertainment
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11Valuation of Inventory
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12Measurement of Inventory
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13Cost of Inventory
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14Joint Products or Byproducts
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15Cost Formula
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16Other Techniques of Cost Measurement
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17Net Realisable Value
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18Disclosure Requirements
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19Value of Inventory Case Study
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20Treatment of Fixed Overheads Case Study
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21Computation of Cost of Inventory Case Study
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22Valuation of Inventory Net Realiable Value Item by Item Basis Case Study
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23Treatment of Normal and Abnormal Loss and Valuation of Inventory Case Study
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24Treatment of Production Overheads in Valuation of Inventory Case Study
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25Quiz on AS 2 VALUATION OF INVENTORY
AS 4 Contingencies and Events occuring after balance sheet date
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26Cash Flow Statement Introduction (Talking Head)
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27Cash Flows from Various Activities (Talking Head)
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28Cash Flow Statement Direct Method (Talking Head)
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29Cash Flow Statement Indirect Method (Talking Head)
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30Case Study 1 Cash flow study (Talking Head)
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31Case Study 2 Cash flow study (Talking Head)
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32Case 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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33Introduction to AS 4
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34Events occurring after Balance Sheet Date
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35Adjusting Event and Non Adjusting Event
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36Events not affecting Financial Statement
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37Special Nature Event (Dividends Declared)
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38Going Concern and Events occuring after Balance Sheet Date
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39Case Study1 Events occurring after Balance Sheet Date
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40Case Study2 Events occurring after Balance Sheet Date
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41Case Study3 Events occurring after Balance Sheet Date
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42Case Study4 Events occurring after Balance Sheet Date
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43Case Study5 Events occurring after Balance Sheet Date
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44Case Study6 Events occurring after Balance Sheet Date
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45Case Study7 Events occurring after Balance Sheet Date
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46Case Study8 Events occurring after Balance Sheet Date
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47Case Study 9 Events occuring after Balance Sheet Date
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48Case Study 10 Events occuring after Balance Sheet Date
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49Case Study 11 Events occuring after Balance Sheet Date
AS 7 Construction Contracts
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50AS 5 Introduction
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51Profit or Loss from Oridnary Items
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52Extra Ordinary Items as per AS 5
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53Exceptional Items
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54Prior Period Items
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55Changes in Accounting Estimates
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56Changes in Accounting Policy
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57Case Study - Prior Period Item
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58Case Study - Disclosure for Ordinary Items
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59Case Study - Disclosure for Ordinary Items
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60Case Study Prior Period Item
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61Case Study Change in Accounting Policy
AS 9 Revenue Recognition
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62Construction Contract and its Type
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63Objectives of Accounting for Construction Contract
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64Applicability of AS7
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65Measurement of Contract Revenue
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66Contract Costs - Inclusion and Exclusions
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67Basic Principles of Recognition of Revenue and Expenses
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68Composition of Contract Revenue
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69Provision for Expected Losses
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70Effect of change in estimate in Construcition Contract
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71Accounting Disclosures by Construction Contractors as per AS 7
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72Contract Accounting Case Study 1
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73Contract Accounting Case Study 2
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74Contract Accounting Case Study 3
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75Quiz on AS 7 Construction Contracts