In this chapter you will learn the accounting entries for admission/ retirement of partner and accounts to be adjusted in case there is change in profit sharing ratio.
In this chapter you will learn the accounting entries to close down a partnership business.
In this unit you will learn how to calculate and interpret various investment and solvency ratios for decision making.
In this chapter you will learn how to prepare the financial statements of a manufacturing business taking into account year end adjustments and providing for unrealised profit.
In this chapter you will learn how to prepare the financial statements of non profit making organisations.
In this chapter you will learn how to prepare a statement of cash flows according to IAS 7.
In this chapter you will learn the accounting entries needed when a business is acquiring another entity and when there is a merger.
In this chapter you will understand the duties of auditors and directors.
In this chapter you will learn the main differences between the accounting policy and the accounting estimate and its accounting treatment.
In this chapter you will learn the difference between adjusting events and non-adjusting events.
In this chapter you will learn the steps to follow for an impairment review.
In this chapter you will learn the appropriate recognition criteria for provision, contingent liabilities & assets
In this chapter you will understand the need for having ethics in accounting.
In this chapter you will learn the advantages and disadvantages of computerised accounting system and how it is implemented.
In this chapter you will learn how to use ABC technique to allocate cost to product
In this chapter you will learn how to prepare functional budgets.
In this unit you will learn how to calculate sales, material, labour and fixed overheard variances.
In this chapter you will learn the various techniques used by managers to select long term projects.
