Advanced Accounting
Advanced Accounting offers an in-depth exploration of complex accounting principles essential for effective financial management. The course begins with Balance Sheet Accounting, teaching students to prepare and analyze balance sheets that accurately represent a company's financial health. It covers Reserves and Provisions, focusing on setting aside funds for anticipated liabilities and expenses.
Students gain a Glimpse of Finalization of Accounts, understanding the processes involved in preparing final financial statements. The course includes Depreciation Accounting, detailing methods for allocating the cost of assets over time to reflect their usage and wear.
The Concept of Capital and Revenue is addressed, distinguishing between capital and revenue expenditures and their implications for financial reporting. Additionally, students learn about Other Day Books/Subsidiary Books, which are used for detailed transaction recording and management.
An Overview of Inventory Accounting wraps up the course, providing insights into inventory valuation and management techniques to ensure accurate reporting of the cost of goods sold. This course equips learners with advanced skills for managing and analyzing financial information, preparing them for complex accounting challenges in professional settings.
1. Concept of Balance Sheet Accounting
2. Reserves and Provisions
3. Glimpse of Finalization of Accounts
4. Depreciation Accounting
5. Concept of Capital and Revenue
6. Other Day Books/Subsidiary Books
7. Overview of Inventory Accounting