Financial Accounting

Financial accounting app is free app to explore business and economy. Using this app study basic & advanced concepts of financial accounting .It is designed to learn financial accounting basics for management,commerce professionals and students.Accounting is backbone for financial,business & trade. It almost cover all important topics

Unit – 1

Definition of Financial Accounting
Development and objectives of accounting
Basic Concepts
Postulates and Conventions of accounting
Sub-division of journal
Preparation of trial balance
Final Accounts Preparation of manufacturing

Unit – 2

Accounting of Non-Trading Institutions
Concept of depreciation
methods of depreciation Depreciation accounting
Depreciation policy
Consignment Accounts

Unit – 3

Higher-purchase and installment purchase system
Legal provision regarding hire-purchase contract
Branch Accounts system

Unit – 4

Essential characteristics of partnership
Partnership deed
Final Accounts
Adjustments after closing the accounts
Fixed and fluctuation capital
Goodwill & Joint Life Policy
Change in Profit Sharing Ratio

Unit – 5

Amalgamation of partnership firms
Dissolution of a partnership firm-Modes of dissolution of a firm
Insolvency of partners
Sale of firm to a company