MBA(marketing and insurance)and Bcom(H) from Delhi university.UGC NET Qualified.Passionate teaching,swimming,socializing,traveling and teach

Neha Gupta

Subject :Unit 2 Financial and Management Accounting 

Topics to be covered:
Financial Accounting,Partnership Accounts,Cost and Management Accounting And Advanced Company Accounts

Prepare for UGC NET 2019 by watching our free online lessons covering UGC Net syllabus and also helping you solve Previous year question papers. Pursue your dream of JRF.

NTA-UGC-NET & SET Exams

English

UGC NET Commerce Exam preparation

Cost and Management Accounting

Accounting and Auditing

Commerce

NET Exams

Ace the toughest competitive and government exams in India 

Test Preparation

Overview of the topics to be covered in the course 
List of all topics in Unit 2 :Financial and management Accounting 
Strategy to crack the exam

Overview of Course: CBSE UGC NET Exam-Financial and Management Accounting

Accounting concepts already explained in previous 3 rd course(Generally accepted accounting principles and practices)

Consistency convention 
Conservatism convention

Financial Accounting- Accounting Concepts and ConventionsPart1)UNIT 1

Full disclosure convention and materiality conventions

Accounting Conventions- Continued

Overview of Accounting standards:Definition,objective and list of the standards 
Multiple choice questions based on CBSE ugc pattern .

Accounting Standards and MCQ’s(Part 2)

Multiple choice questions based on Accounting standards 
Pattern on CBSE UGC NET exam commerce

MCQ’s. On Accounting Standards

Illustrative meaning of capital ,revenue expenditure and deferred revenue expenditure

Part 3: Capital ,revenue expenditure and deferred revenue expenditure

Meaning of deferred revenue 
And deferred revenue expenditure 

Exercise on capital ,revenue and deferred revenue expenditures

Exercise on capital,revenue and deferred revenue expenditures

Analysis of previous year questions and important MCQ’s

MCQ’s on Accounting Concepts,Accounting standards,Accounting Equation,capital and revenue item(Part4

Analysis of previous years questions abc imp McQ’s

MCQ’s Part 4

MCQ’s (continued)

MCQ’s continued and the answer key of all 30 MCQ’s

Classification of Accounts (traditional and modern approach)part 5

Meaning of partnership 
Partnership deed
Provisions relevant for accounting 
Cases when partnership deed is silent

Partnership accounts (Unit 2)lesson1

Fixed capital method,
Fluctuating capital method,
Difference between them ,
Profit and loss appropriation account

Fixed and fluctuating capital method(partnership firm )lesson 2

Practical problems on profit and loss appropriation accounts,partners capital accounts

Different Cases for calculating interest on capital

Concept of interest on capital

Concept of interest on drawings ,
Methods to calculate interest on drawings ,different situations for calculating average period

Concept of interest on drawings in partnership firm

Concept of interest on drawings (continued)

Adjustment in the profit sharing ratios of the partners

Admission of a partner

Sacrificing ratio and new profit sharing ratios of partners

Method of goodwill valuation(super profits method)

Definition of goodwill ,
Factors affecting goodwill ,
Average profit method,
Weighted average method.

Meaning of goodwill and methods of valuation of goodwill (Average profits method)

Capitalization by average profits method and capitalization by super profits method

Valuation of goodwill by capitalization method

Cases for treatment of goodwill when new partner admitted into firm:
Case when he brings capital and  pays his share of goodwill.

Treatment of goodwill when new partner admitted in a partnership firm

Treatment of goodwill in case if new partner does not bring goodwill and concept of hidden goodwill

Treatment of goodwill (As10)comcept

Revaluation of assets and liabilities in case of admission of partner

Treatment of Accumulated profits or reserves at the time of admission of new partner

Adjustments of partner’s capital accounts in case of admission of new partner

IMp concept when new partner capital is not given but only his share of profit is provided in the question

Continued(Adjustments of partners capital accounts)

Meaning of Gaining ratio and practical problems of new profit sharing ratio of  continuing partners .

Retirement of a partner

Disposal of amount due to Retiring of partner

Adjustments of partners capital accounts in case of retiring partner

Treatment of accumulated profits and losses ,Revaluation of assets ,liabilities regarding retirement

Concept of death of partner

Turnover or sales basis 
And time period basis

Calculation of profit share in case of death of Partner

Practical problem illustrating the concept of goodwill in case of death of partner

Meaning of dissolution of partnership firm and dissolution of partnership.
Realization account is prepared at the time of dissolution.

Dissolution of the partnership firm

MCQ’s for partnership accounts

MCQ’s continued for partnership

MCQ’s based on financial and cost accounting

MCQ s (part 2)

MCQs part3

MCQs part 6

MCQs part 4

MCQ’spart 5

MCQs part 7

MCQspart 8

MCQs part 9

MCQ part 10

MCQs continued

MCQ continued

MCQs

Important notification regarding new course

It was my worst decision in life to work with unacademy.

Ghatiya Academy

This course will be helpful for students to get conceptual knowledge of these topics...

(Hindi) Cost of Capital, Working Capital & Capital Budgeting Topics

Chandan Prasad

in this Course , detailed discussion of 250 MCQ'S of Financial and management Accounting of Commerce for UGC NTA NET Exam,  through various lessons...

(Hindi) 250 Most Important MCQ's of Financial and Management Accounting for UGC NET Commerce

Educator at Unacademy. Postgraduate in Commerce. Loves to cook and sing. Lives in Assam. 

Antara Mahanta

This course highlights the topic, "Standard costing", which is an important subtopic of Cost accounting. Here, we will discuss about the variances. This is an important course for UGC NET Commerce/management examination, Mcom entrance examination, Bcom/Mcom students and other relevant competitive examinations.

Standard Costing

Expert in Ugc net Commerce(paper - 2). I always prefer to put maximum efforts to make students learn and understand concepts in an ease. 

Sakshi Verma

This course will help to know all the deductions a tax payer can avail on the investments to make the tax obligations less.

(Hindi) NTA UGC NET: Income tax - Deductions under section 80C - 80U

This course is all about a complete study on Ratio Analysis concept - Its meaning, various types of ratios and Practical questions to be solved to be thorough wish the topic and in last dealing with Previous Year questions

Lessons

68 lessons • 12h 55m

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Overview of Course: CBSE UGC NET Exam-Financial and Management Accounting

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Financial Accounting- Accounting Concepts and ConventionsPart1)UNIT 1

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Accounting Conventions- Continued

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Accounting Standards and MCQ’s(Part 2)

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MCQ’s. On Accounting Standards

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Part 3: Capital ,revenue expenditure and deferred revenue expenditure

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Exercise on capital,revenue and deferred revenue expenditures

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MCQ’s on Accounting Concepts,Accounting standards,Accounting Equation,capital and revenue item(Part4

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MCQ’s Part 4

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MCQ’s (continued)

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