Financial Accounting

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