Financial Accounting and Analysis
Unit 1 - Introduction to Financial Accounting. Basic Concepts and Conventions
Basic Concepts and Conventions
Accounting principles are like the rules of the road for financial reporting. They ensure everyon...
The Accounting Equation: Keeping the Books Balanced
The accounting equation is the foundation of double-entry bookkeeping. It expresses the relations...
Key Financial Terms
Understanding Key Financial Terms Let's break down some essential financial terms that are crucia...
Golden Rules of Debit and Credit
The Golden Rules of Debit and Credit: Keeping the Accounting Equation Balanced The Golden Rules o...
Recording transactions in General Journal
The General Journal is the first place where financial transactions are formally recorded in acco...
Preparation of Ledger Accounts
What is Ledger? A Ledger records transactions from the journal and forms separate accounts for th...
Preparation of Trial Balance
Trial Balance: Checking Your Accounting Accuracy The Trial Balance is a crucial step in the accou...
Unit 2 - Preparation of Financial Statements
Preparing Financial Statements for a Sole Proprietorship
Financial statements for a sole proprietorship are prepared at the end of an accounting period to...
Format for Preparing Financial Statements for IND-AS Companies
Division II, Schedule III of the Companies Act, 2013 prescribes the format for financial statemen...
Understanding Financial Statements of a Joint Stock Company as per the Companies Act 2013
What is a Joint Stock Company (JSC)? A Joint Stock Company (JSC) is a type of business structure ...
Understanding the contents of a Corporate Annual Report
An annual report is a comprehensive document that provides a detailed overview of a company's act...
UNIT-3: Global Accounting Standards/IFRS
Meaning and Need for Globalization of Accounting Standards
Globalization of accounting standards refers to the development and adoption of a common set of a...
Adoption versus Convergence
Adoption vs. Convergence of Accounting Standards When discussing the move toward global accountin...
Convergence of IAS with IFRS
The Institute of Chartered Accountants of India (ICAI) created the accounting standards for India...
Salient features of Ind-AS
Indian Accounting Standards (Ind AS) - Key Features The Institute of Chartered Accountants of Ind...
Introduction to Indian Accounting Standards
What are Ind AS? Global Standards, Indian Twist: Ind AS are accounting rules used in India that...
IND-AS 7: Cash Flow Statement
Understanding the Statement of Cash Flows (SCF) Let's break down the Statement of Cash Flows (SCF...
IND-AS 109: Financial Instruments
IND-AS 109 is an accounting standard that dictates how companies should recognize, measure, and p...
UNIT- 4: Analysing Financial Statements
Objectives of Financial Statement Analysis And Its source of Information
Financial statement analysis is like a company's health check-up. It uses financial data to see h...
Techniques of Financial Statement Analysis
1. Common Size Statements Concept: Presents all items in a financial statement as a percentage of...
Altman’s Z-Score
Altman's Z-Score model is a numerical measurement used to predict the probability of a business g...
Beyond the Balance Sheet: Analyzing Financial Position
While the balance sheet provides a snapshot of a company's assets, liabilities, and equity at a s...