Chapter 1

Basics of Financial Accounting

Accounting principles, concepts, and conventions

medium • 1 min read

Double-entry bookkeeping and the accounting equation

medium • 2 min read

Rules of debit and credit

medium • 3 min read

Journal, Ledger, and Trial Balance preparation

medium • 4 min read

Cash book and subsidiary books

medium • 5 min read

Chapter 2

Preparation of Financial Statements

Income statement (Trading and Profit & Loss A/c)

medium • 1 min read

Statement of Financial Position (Balance Sheet)

medium • 2 min read

Adjustments in final accounts (Closing stock, Outstanding expenses)

medium • 3 min read

Depreciation accounting (Straight-line and WDV methods)

medium • 4 min read

Provisions and reserves

medium • 5 min read

Chapter 3

Corporate Financial Reporting

Understanding an Annual Report

medium • 1 min read

Director's report and Management Discussion & Analysis (MD&A)

medium • 2 min read

Statement of Cash Flows (Direct and Indirect methods)

medium • 3 min read

Corporate governance disclosures

medium • 4 min read

Notes to accounts and significant accounting policies

medium • 5 min read

Chapter 4

Accounting Standards and IFRS

Indian Accounting Standards (Ind AS) overview

medium • 1 min read

Convergence of Indian standards with IFRS

medium • 2 min read

Revenue recognition principles (Ind AS 115)

medium • 3 min read

Leases (Ind AS 116) and Intangible assets (Ind AS 38)

medium • 4 min read

Inventory valuation and impairment of assets

medium • 5 min read

Chapter 5

Financial Statement Analysis

Tools of financial analysis: Comparative and Common-size statements

medium • 1 min read

Trend analysis

medium • 2 min read

Ratio analysis: Liquidity, Solvency, Turnover, and Profitability ratios

medium • 3 min read

DuPont analysis framework

medium • 4 min read

Limitations of financial statement analysis

medium • 5 min read