Financial Accounting

• Basic Understanding of Financial Accounting
  • Introduction
  • Book-keeping, Accounting & Accountancy
  • Users & Uses of Accounting Information
  • Theory Questions & Answers
• Conceptual Framework of Accounting
  • GAAP and its features
  • Basic Accounting Concepts
  • Basic Accounting Conventions
  • Accrual vs Cash, Accounting vs Accountancy
  • Accounting Standards
  • Classification of Accounting Standards
  • Theory Questions & Answers
• Accounting Process
  • Accounting Events of Business
  • Accounting Equation for Analyzing the Transactions
  • Debit and Credit and theirs rules
  • Recording Process of accounting Events
  • Journal
  • Ledger
  • Trial Balance
  • Closing Entries
  • Opening Entries
• Accounting for Cash and Bank Reconciliation Statement
  • Concept of Bank Account
  • Concept of Cash
  • Cheques
  • Bank Statement
  • Preparation of Bank Reconciliation Statement
• Accounting for Property, Plant and Equipment
  • Concept of Property, Plant and Equipment
  • Features and types
  • Acquisition cost of plant ,property and equipment
  • Depreciation property,plant and equipment
  • Choice of depreciation method
  • capital versus revenue
  • Disposal of property, plant and equipment
  • Impact of depreciation on profit measurment
  • Intangible assets
• Basic Financial Statements
  • Introduction to Financial Statements
  • Basic Nepal Accounting Standards (NASs)
  • Preparation of Financial Statement under NFRS
  • Statement of Profit or Loss (Income Statement)
• Value Added Statement
  • Concept of Value Added
  • Concept of Value Added Statement
  • Preparation of Value Added Statement
• Analysis of Financial Statement
  • Financial Statement Analysis
  • Ratio Analysis
  • Types of Ratios