Financial Accounting: Table of Contents

Discover the basics of Financial Accounting: Table of Contents with our specific desk of contents. From understanding financial statements to gaining knowledge of accounting principles, this guide provides a clear roadmap to key topics to enhance your accounting know-how.

Financial Accounting: Table of Contents

1-    Introduction to Financial Accounting

＞    Definition and Scope of Financial Accounting

＞    Objectives of Financial Accounting

＞    Importance of Financial Accounting in Business

＞    Accounting Process and Cycle

＞    Users of Financial Accounting Information

＞    Accounting Principles and Concepts

2-    Basic Accounting Terms

＞    Assets, Liabilities, and Equity

＞    Revenue and Expenses

＞    Capital, Profit, and Loss

＞    Equation (Assets = Liabilities + Equity)

＞    Double Entry System of Accounting

3-    Books of Accounts

＞    Journal (Recording Transactions)

＞    Ledger (Posting Journal Entries)

＞    Cash Book

＞    Bank Book

＞    Petty Cash Book

4-    Trial Balance

＞    Purpose of a Trial Balance

＞    Preparation of a Trial Balance

＞    Identifying Errors through Trial Balance

＞    Types of Errors (e.g., Errors of Omission, Commission)

5-    Financial Statements

＞    Profit and Loss Account (Income Statement)

＞    Revenues and Expenses

＞    Gross Profit and Net Profit

＞    Operating and Non-Operating Income

＞    Balance Sheet (Statement of Financial Position)

＞    Classification of Assets and Liabilities

＞    Current and Non-Current Assets and Liabilities

＞    Cash Flow Statement

＞    Operating, Investing, and Financing Activities

6-    Adjustments in Financial Statements

＞    Depreciation

＞    Accruals and Prepayments

＞    Bad Debts and Provision for Doubtful Debts

＞    Outstanding and Prepaid Expenses

＞    Income Received in Advance

7-    Accounting for Depreciation

＞    Meaning and Importance of Depreciation

＞    Methods of Depreciation

＞    Straight Line Method (SLM)

＞    Reducing Balance Method (RBM)

＞    Sum of Years Digit Method (SYD)

＞    Units of Production Method

＞    Accounting Treatment of Depreciation

＞    Change in Depreciation Method

8-    Inventory Valuation

＞    Methods of Inventory Valuation

＞    FIFO (First In First Out)

＞    LIFO (Last In First Out)

＞    Weighted Average Method

＞    Inventory Accounting and Reporting

＞    Adjusting for Stock (Inventory) at Year-End

9-    Accounting for Bills of Exchange

＞    Meaning and Types of Bills of Exchange

＞    Accounting Entries for Bills of Exchange

＞    Endorsement and Discounting

＞    Dishonour and Retirement of Bills

＞    Bills Receivable and Bills Payable

10-    Partnership Accounting

＞    Partnership Deed and Agreement

＞    Profit Sharing Ratio

＞    Admission of a Partner

＞    Retirement and Death of a Partner

＞    Dissolution of Partnership

＞    Treatment of Goodwill

＞    Revaluation and Adjustments of Capital

11-    Company Accounts

＞    Issue of Shares (Equity Shares, Preference Shares)

＞    Issue of Debentures

＞    Bonus Shares and Rights Issues

＞    Final Accounts of a Company

＞    Profit and Loss Account

＞    Balance Sheet (Companies Act Provisions)

＞    Dividend Accounting

＞    Securities Premium Account

12-    Non-Profit Organisation Accounts

＞    Receipts and Payments Account

＞    Income and Expenditure Account

＞    Balance Sheet of Non-Profit Organisations

＞    Accounting for Donations and Subscriptions

13-    Accounting for Special Transactions

＞    Consignment Accounts

＞    Hire Purchase and Instalment System

＞    Lease Accounting (Operating and Financial Leases)

14-    Accounting for Investments

＞    Investment in Shares and Debentures

＞    Accounting for Investment Income (Dividend, Interest)

＞    Valuation of Investments

＞    Treatment of Investments in Subsidiary and Associate Companies

15-    Advanced Topics in Financial Accounting

＞    Human Resource Accounting

＞    Environmental and Social Accounting

＞    Inflation Accounting

＞    Recent Developments in Financial Accounting

16-    Accounting for Corporate Restructuring

＞    Mergers, Acquisitions, and Amalgamations

＞    Accounting Treatment of Restructuring Transactions

＞    Consolidated Financial Statements

17-    Emerging Trends in Financial Accounting

＞    Role of Technology in Financial Accounting

＞    Use of Accounting Software (e.g., Tally, QuickBooks)

＞    Blockchain and its Impact on Accounting

＞    Sustainability Reporting and Green Accounting