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

Pursing PhD, ICSSR Doctoral Fellowship Awardee, Qualified NTA UGC NET, Content Writer, INDRESH001, 5 years teaching experience! Learn frm Be

Indresh Pratap Singh

In this course, the educator is discussing Accounting Principles Accounting Standards with MCQs for NTA-UGC NET aspirants

(Hindi) NTA-UGC NET: Accounting Principles Accounting Standards with MCQs

Assistant Professor of Commerce 💫💫
Junior Research Fellowship in Commerce💥
 👉YouTube: RR Classes 
👉Telegram : RR Classes 
👉CS FOUNDATION AIR

Reeta Rani

In this course, the educator discusses Auditing.
The course will be beneficial for all Commerce students.

(Hindi) Auditing: NTA-UGC NET

This Course is about Mcq Series With Concept of Financial Accounting
This Course is beneficial for NTA-UGC NET aspirants.

(Hindi) MCQ Series With Concept of Financial Accounting: NTA-UGC NET

This course gives the complete information about accounting which helps NTA-UGC NET Aspirants.

(Hindi) Complete Course of Financial Accounting: NTA-UGC NET

This Course is about 200 Most Expected Question of Financial Accounting. 

This Course is beneficial for NTA-UGC NET aspirants.

Lessons

68 lessons • 12h 55m