Useful link for all students

ICWAI

CS

Foundation Programme

1. Introduction to accounting

2. Recording of transactions

3. Preparation of bank reconciliation statement

4. Rectification of errors

5. Preparation of final accounts (non-corporate entities)

6. Accounting for depreciation

7. Accounting for bills of exchange

8. Accounts of non-profit organizations

9. Single entry accounts -

10. Accounting for consignments

11. Partnership accounts – simple problems

12. Insurance claims

Executive Programme

1. Accounting standards - relevance and significance; national and
international accounting standards.

2. Accounting for share capital transactions - issue of shares at par, at
premium and at discount; forfeiture and re-issue of shares; buy-back of
shares; redemption of preference shares; rights issue.

3. Issue of debentures - accounting treatment and procedures;
redemption of debentures; conversion of debentures into shares.

4. Underwriting of issues ; acquisition of business ; profits prior to
incorporation ; treatment of preliminary expenses.

Cost accounting – objectives of costing system; cost concepts and
cost classification; management accounting – nature and scope; role
of management accountant, tools and techniques of management
accounting; distinction between financial accounting, cost accounting
and management accounting.

9. Elements of cost :

(i) Material cost – purchase procedures, store keeping and
inventory control, fixing of minimum, maximum and re-order
levels, ABC analysis, pricing of receipts and issue of material
and accounting thereof; accounting and control of wastage,
spoilage and defectives.

(ii) Labour cost – classification of labour costs, payroll
procedures, monetary and non-monetary incentive schemes;
labour turnover and remedial measures; treatment of idle time
and overtime.

(iii) Direct expenses – nature, collection and classification of direct
expenses and its treatment.

(iv) Overheads – nature, classification, collection, allocation,
apportionment, absorption and control of overheads.

5. Preparation and presentation of final accounts of joint stock
companies as per company law requirements; bonus shares.

6. Holding and subsidiary companies - accounting treatment and
disclosures; consolidation of accounts.

7. Valuation of shares and intangible assets.

About Accounting

Accounting Glossary

Financial Accounting

Accounting Principles or Indian GAAP  
GAAP Vs IFRS
Accounting Concepts
Accounting Conventions
Importance of Accounting Concepts and Conventions
Accounting Postulates and Assumptions
Accounting Doctrines
Accounting Equation

 

Double Entry System of Book-Keeping
Advantages Double Entry System
Disadvantages of Double Entry System
Accounting Cycle or Accounting Process
Memorandum Book or Waste Book
Journal
journal Entries Examples
Procedure for Journalising
Source of Writing Journal
Compound Journal Entry
Opening Journal Entry
Advantages and Uses of Journal
Subsidiary Books
Trade discount Vs cash discount
Invoice
Debit Note
Credit Note
Cash Book
Petty Cash Book
An Imprest System of Petty Cash
Purchase Book
Purchase Return Book
Sale Book
Sale Return Book
Bill Receivable Book
Bill Payable Book
Journal Proper
 

Introduction to Ledger
Objective of Making Ledger
Types of Ledger
Source of Writing Ledger
Procedure of Posting
Posting of Compound Entries
Posting of Opening Entry
Introduction to Account
Types of Accounts
Balancing of Ledger Accounts
Result After Balance of Account
Closing of Ledger Account
Journal Vs Ledger

 

Trial Balance
Objectives of Trial Balance
Errors Which a Trial Balance Fails to Disclose
Preparation of Trial Balance from a List of Balances

 

Introduction to Final Accounts
Financial Statements
Marshalling of Balance Sheet
Trial balance Vs Balance Sheet
Manufacturing Account
Types of Expenses
Trading Account
Profit and Loss Account
Balance Sheet
Reserve
Provision
Types of Reserve
Benefits of Reserves
Provision for Doubtful Debt Account
Provision for Discount on Debtors Account
Outstanding Expenses
Proforma of P\L A/c and BS
Adjustments in Final Accounts - Part 1
Adjustments in Final Accounts - Part 2
Adjustments in Final Accounts - Part 3
Adjustments in Final Accounts - Part 4

 

Introduction to Accounting Errors
Different Types of Errors in Accounting
Definition of Rectification of Errors
Rectification of Errors
Rectification of Errors PPT
How to Rectify the Errors of Accounting

 

Introduction to Bank Reconciliation statement
Procedure of Preparing BRS

 

Bill of Exchange Accounting
 

a. Introduction

Introduction to partnership
Partnership Accounting
Interest on Drawing
Rules in the absence of Partnership Deed

b. Admission of A New Partner

Adjustment at the time of admission of a new partner
Adjustment of Capital
Revaluation Account
Steps to Make Revaluation Account
Memorandum Revaluation Account
MRA Vs RA
Sacrifice Ratio
New Ratio
Gaining Ratio
Sacrifice Ratio Vs Gaining Ratio
Goodwill
Methods of Goodwill
Treatment of Goodwill at the Time of Admission of a Partner

c. Retirement and Death of the Partner

 Dead Partner's Executor Account
Accounting Treatment at Time of  Retirement of a Partner

d. Dissolution of Firm

Accounting Procedure at the Time of Dissolution of A Firm
Garner Vs murray Case Decision
Assets and Liabilities Taken by A Partner
Piecemeal Distribution
Gradual Realisation of Assets

e. Amalgamation, Sale  Conversion of Partnership

 Amalgamation of Firms - Part 1
Amalgamation of Firms - Part 2
Conversion of Partnership into Ltd Company
 

Introduction to Depreciation
Provision for Depreciation
Provision for Depreciation (Simplify)
Provision for Depreciation Account
Fixed Installment Method
Diminishing Balance Method
FIM Vs DBM
Is Depreciation Inflow in NPV?
How to Use SYD Function?
Accelerated Depreciation
Depreciation Vs Fluctuation
Accumulated Depletion

Accounting for Containers

Cost Accounting

Introduction to Cost Accounting
Objectives of Cost Accounting
Importance of Cost Accounting
Scope of Cost Accounting

 

Elements of Cost
Items Excluded from Cost
Statement of Cost
Cost Sheet Presentation (PPT)

 

Material
Material Control
Techniques of Material Control
Techniques of Material Control PPT
ABC Analysis
Two Bin system
Continuous Stock Verification
Economic Order Quantity
Economic Order Quantity PPT
Control Ratio
FIFO
LIFO
Average Cost Method
Simple Average Method
Weighted Average Method
Scrap in Inventory

 

Labor Cost
Direct Labor Cost Examples
Calculation of Labor Cost
Labor Cost Control
Steps to Control Labor Costs
Labor Turnover
Time Study
Motion Study
System of Wage Payment
Incentive Wage Plans
Incentive Wage Plans - Part 2nd
 

Introduction to Overheads
Segregation of Semi Variable Cost
Methods of Segregation of Semi Variable Cost
Calculation of Machine Hour Rate
Overhead Variance
Treatment of Under-absorbed Overheads
Advantages of Machine Hour Rate
 

Job Costing
Job Costing PPT
Job Costing Q and A
Advantages of Job Costing
Contract Costing
Contract Costing PPT
Job Costing Vs Contract Costing
Work Certified Vs Work Uncertified
Batch Costing
Batch Costing PPT
Operation Costing
Production Account
Cost Sheet Vs Production Account
Service Costing
Multiple Costing
Process Costing
Process Costing P and S
Activity Based Costing
Disadvantages of Activity Based Costing
Cost Drivers Examples

 

Marginal Costing
Application of Marginal Costing
Break Even Analysis
Importance of Budgetary Control 
Standard Costing 
Importance of Standard Costing 
Types of Variances 
Direct Material Variances
Material Mix Variance
Uses of Cost Audit
Uniform Costing 

Corporate Accounting

Introduction of Company
Division of share capital of Company
Shareholder of Company
Forfeiture and Reissue of Shares

 

Introduction to Redeemable Preference Shares

 

Accounting Treatment of Issue of Debentures
Redemption of Debenture
Sinking Fund

 

Introduction of Underwriting
Marked Application
Unmarked Application
Statement of underwriter's liability
Underwriting Account

 

Right Shares
Bonus Shares
Accounting Treatment of Bonus Shares
Calculation of Maximum amount of Bonus Issue

 

Profit Prior to Incorporation

 

Managerial Remuneration Calculation

 

Provision for Taxation
Profit and Loss Appropriation Account 
Balance Sheet of company
Cash Flow Statement

 

Management Accounting

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Basic Accounting Notes →


 

1. Accounting Education -
2. Area of Accounting
3. Future of Accounting Education
4. Accounting Concepts and their importance
5. Accounting Concept
6. Accounting terminology
7. 5 Benefits of Accounting Education
8. Difference between book keeping and accounting
9. What is accountancy?
10. define the journal
11. How can make the journal entries
12. Trial balance and steps for making trial balance
13. Different types of Expenses
14. Simple income statement
15. Bank Reconciliation Statement
16. Making of Bank reconciliation statement by yourself
17. Free accounting knowledge
18. Relationship of accounting with other field
19. Accounting cycle
20. Depreciation and effect on final account
21. Difference among depreciation, fluctuation and obsolescence
22. How to make fixed asset account under fixed installment method
23. Methods of providing depreciation
24. What is provision of depreciation account?
25. Diminishing balance method of providing depreciation
26. Definition of Reserves
27. Types of Reserves
28. Calculation the credit purchase
29. Difference between revenue and capital items
30. Difference between capital loss and revenue loss
31. Feature of revenue expenditures
32. What are basic rules for making difference between capital and revenue expenditure
33. What is deferred revenue expenditure?
34. Definition of Drawing
35. Some accounting terms
36. calculations
37. Definition of goodwill
38. Personal accounting
39. Theme of Accounting Education
40. Accounting As an Information System
41. Difference between Loan and Advance
42. Relationship Between Accounting And Information Technology
43. IASB proposes amendments to clarify the accounting for embedded derivatives
44. Accounting Education

Financial Accounting Notes →


 

1. Outstanding expenses and its accounting treatment
2. Adjustments of Final accounts - full detail in table form
3. Accounting Treatment of Provision for doubtful debts
4. Manufacturing accounting
5. How can I make the accounts of NGO and Charitable societies.
6. Accounts of Sports clubs
7. Accounting of Temple
8. Partner ship accounting -Part 1
9. Partnership accounting basics
10. Practical Problem of Partner ship accounting
11. Calculation of interest on drawing in partner ship accounting
12. Accounting treatment of partnership accounts at the time of admission
13. Making of provision for bad debts accounts
14. Rectification of errors
15. Simple method of rectification of error
16. Proforma of Balance Sheet
17. Method of calculating goodwill
18. Revaluation account
19. how can I make revaluation account
20. Capital Adjustment
21. How can You calculate new and sacrifice ratio at the time of admission of new partner
22. Accounting treatment of goodwill at the time of admission
23. Adjustment of capital at the time of admission of new partner
24. Difference between memorandum revaluation account and revaluation account
25. Accounting treatment at the time of retirement
26. Dead partner’s executor account
27. Accounting treatment at the time of Dissolution of Firm
28. Accounting Treatment of Assets and liabilities taken by partner at the time of dissolution
29. Explanation the scheme of Gradual realisation of assets and Piecemeal distribution
30. Accounting treatment of Insolvency of partners - Garner V/S Murray - Deep Study
31. Accounting procedure for Conversion of a partnership into Limited Company
32. Amalgamation of Firms - Definition in simple English
33. Steps for closing the accounts of old firm at the time of amalgamation of firms
34. Accounting of jewellery business
35. Branch Accounting - full tutorial
36. Accounting treatment of web-publishing profession
37. Accounting Treatment of Provident Fund - Part 1
38. Accounting Treatment of Provident Fund - Part 2
39. Investment Accounting - Ist part
40. Investment Accounting -2nd Part
41. What is insurance
42. Explain the accounting procedure for ascertaining the loss of stock by fire
43. Procedure of calculating loss of profit
44. Voucher entries of insurance claim in tally 9

Cost Accounting Notes →

1. at what rate will we calculate closing stock ?
2. Introduction of Inventory Management
3. Do you know quotation
4. proforma of Quotation
5. Delivery Note and Invoice
6. Debit Note - In Simple English
7. Credit Note - Simple English
8. Affect of Business Activities on Stock Calculation
9. Definition of Labour Cost and main reasons of increasing labour cost

Management Accounting Notes →


 

1. Cash flow statement and its utilization by Accounts manager
2. Proforma of Cash flow statement
3. Inflation accounting or price level accounting
4. current ratio
5. Importance of Calculating Average Collection period and Average Payment period
6. What are Profitability Ratios
7. Responsibility Accounting
8. Definition of working Capital and benefits of its analysis
9. Financial, Cost and Management Accounting and their interrelationships
10. Leverage Analysis
11. Comparative financial statement
12. Proforma of Comparative Income Statement
13. Making of Cash flow Statement with both direct and indirect methods.
14. explain the indirect method for calculating cash flow statement
15. Securitisation
16. Think before providing loan
17. How to prepare Fund Flow statement