Financial Accounting

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Financial accounting app is free app to explore business and economy. Using this app study basic & advanced concepts of financial accounting .It is designed to learn financial accounting basics for management,commerce professionals and students.Accounting is backbone for financial,business & trade. It almost cover all important topics

Unit – 1

Definition of Financial Accounting

Development and objectives of accounting

Basic Concepts

Postulates and Conventions of accounting

Sub-division of journal

Preparation of trial balance

Final Accounts Preparation of manufacturing

Unit – 2

Accounting of Non-Trading Institutions

Concept of depreciation

methods of depreciation Depreciation accounting

Depreciation policy

Consignment Accounts

Unit – 3

Higher-purchase and installment purchase system

Legal provision regarding hire-purchase contract

Branch Accounts system

Unit – 4

Essential characteristics of partnership

Partnership deed

Final Accounts

Adjustments after closing the accounts

Fixed and fluctuation capital

Goodwill & Joint Life Policy

Change in Profit Sharing Ratio

Unit – 5

Amalgamation of partnership firms

Dissolution of a partnership firm-Modes of dissolution of a firm

Insolvency of partners

Sale of firm to a company