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5.12 Tutorial - Adjustments in Final Accounts
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Classroom Contents
Financial Accounting
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- 1 Introduction to the course - Financial Accounting
- 2 1.1 Introduction to Financial Accounting
- 3 1.2 Company form of business
- 4 1.3 Accounting as an information system
- 5 1.4 Key accounting terms I
- 6 1.4 Key accounting terms II
- 7 1.5 Tutorial - Key accounting terms
- 8 1.6 Accounting Equation
- 9 1.7 Walkthrough of Balance Sheet I
- 10 1.8 Walkthrough of Balance Sheet II
- 11 1.9 Walkthrough of Balance Sheet III
- 12 1.10 Walkthrough of Income Statement I
- 13 1.11 Generally Accepted Accounting Principles I
- 14 1.12 Generally Accepted Accounting Principles II
- 15 2.0. Recap and way forward
- 16 2.1 Types of Accounts
- 17 2.2 Tutorial - Types of Accounts (Part I)
- 18 2.2 Tutorial - Types of Accounts (Part II)
- 19 2.3 Debit and Credit
- 20 2.4 Tutorial - Debit and Credit
- 21 2.5 Rules of debit and credit
- 22 2.6 Entering transactions in Journal (Part I)
- 23 2.6 Entering transactions in Journal (Part II)
- 24 2.6 Entering transactions in Journal (Part III)
- 25 2.7 Tutorial - Entering transactions in Journal I (Part I)
- 26 2.7 Tutorial - Entering transactions in Journal I (Part II)
- 27 2.7 Tutorial - Entering transactions in Journal I (Part III)
- 28 2.8 Key Trends in Journalizing
- 29 2.9 Journalizing complex transactions
- 30 2.10 Practice Problem I
- 31 3. Recap and way forward
- 32 3.1 Introduction to Ledger
- 33 3.2 Process of Ledger Posting (Part 1)
- 34 3.2 Process of Ledger Posting (Part 2)
- 35 3.2 Process of Ledger Posting (Part 3)
- 36 3.3 Balancing the Accounts
- 37 3.4 Debit and Credit Balances
- 38 3.5 Tutorial - Identifying balances (Part 1)
- 39 3.5 Tutorial - Identifying balances (Part 2)
- 40 3.5 Tutorial - Identifying balances (Part 3)
- 41 3.5 Tutorial - Identifying balances (Part 4)
- 42 3.8 Practice Problem I
- 43 3.8 Practice Problem II
- 44 3.8 Practice Problem III
- 45 4.0 Recap and way forward
- 46 4.1 Introduction to Trial Balance
- 47 4.2 Preparation of Trial Balance
- 48 4.3 Practice Problem 1
- 49 4.4 Practice Problem 2
- 50 4.5 Errors in Trial Balance
- 51 5.0 Recap and way forward
- 52 5.1 Introduction to Final Accounts
- 53 5.2 Tutorial - Identifying direct and indirect expenses
- 54 5.3 Tutorial - Mapping operating and non operating items to direct and indirect items
- 55 5.4 Preparation of Final Accounts
- 56 5.5 Tutorial - Preparation of Final Accounts
- 57 5.6 Tutorial - Preparation of Trading Account
- 58 5.7 Tutorial - Preparation of P&L Account
- 59 5.8 Tutorial - Preparation of Balance Sheet
- 60 5.9 Practice Problem
- 61 5.10 Adjustments in Final Accounts
- 62 5.11 Transactions to be adjusted in Final Accounts (part 1)
- 63 5.11 Transactions to be adjusted in Final Accounts (part 2)
- 64 5.12 Tutorial - Adjustments in Final Accounts
- 65 5.13 Tutorial -Calculating Cost of Goods Sold
- 66 5.14 Tutorial -Outstanding Expenses
- 67 5.15 Tutorial - Prepaid Expenses
- 68 5.16 Validating the learning - Balance Sheet
- 69 5.17 Validating the learning - Income Statement
- 70 6.0 Recap and way forward
- 71 6.1 Introduction to Financial Statement Analysis
- 72 6.2 Liquidity Ratios
- 73 6.3 Tutorial - Liquidity Ratios
- 74 6.4 Solvency Ratios
- 75 6.5 Tutorial - Solvency Ratios
- 76 6.6 Profitability Ratios
- 77 6.7 Tutorial - Profitability Ratios (Part 1)
- 78 6.7 Tutorial - Profitability Ratios (Part 2)
- 79 6.8 Efficiency Ratios
- 80 6.9 Tutorial - Efficiency Ratios
- 81 6.10 Validating the learning - Walkthrough of RIL's Annual Report
- 82 6.11 Online Resources for Financial Analysis
- 83 6.12 Practice Problem: Liquidity Position
- 84 6.13 Practice Problem – Solvency Position
- 85 6.14 Practice Problem - Profitability Position
- 86 6.15 Practice Problem - Profitability Position
- 87 6.16 Practice Problem – Interpretation of Ratios
- 88 6.17 Practice Problem – Arithmetic problems
- 89 7.0 Recap and way forward
- 90 7.1 Types of Cash Flows
- 91 7.2 Tutorial - Types of Cash Flows
- 92 7.3 Walkthough of Cash Flow Statement of RIL
- 93 7.4 Profit and Loss Appropriation Account
- 94 7.5 Cash Flows from Operating Activities (Part I)
- 95 7.5 Cash Flows from Operating Activities (Part 2)
- 96 7.6 Tutorial - Changes in working capital
- 97 7.7 Tutorial - Cash Flows from Operating Activities (Part 1)
- 98 7.9 Cash Flows from Investing Activities
- 99 7.10: Tutorial - Cash Flows from Investing Activities
- 100 7.11 Cash Flows from Financing Activities
- 101 7.12 Tutorial - Cash Flows from Financing Activities
- 102 7.13 Preparing Cash Flow Statement
- 103 7.14 Identifying hidden information (Part 1)
- 104 7.14 Identifying hidden information (Part 2)
- 105 7.14 Identifying hidden information (Part 3)
- 106 7.15 Practice Problem (Part 1)
- 107 7.15 Practice Problem (Part 2)
- 108 8.1 Need of Break Even Analysis
- 109 8.2 Understanding the nature of costs8 2
- 110 8.3 Contribution Margin
- 111 8.4 Tutorial - Contribution
- 112 8.5 Break Even Point
- 113 8.6 Tutorial - Break Even Point
- 114 8.7 Tutorial - Break Even Point
- 115 8.8 Visualizing the Break Even Point
- 116 8.9 Tutorial - Break Even Analysis
- 117 8.10 Case - Break Even Analysis
- 118 9.1 Introduction to Inventory Management
- 119 9.2 Economic Order Quantity
- 120 9.3 ABC Analysis
- 121 9.4 Methods of stock valuation"
