COMPLETE COURSE OF CBSE CLASS 12TH ACCOUNTS

WHAT DO YOU UNDERSTAND BY FUNDAMENTAL OF PARTNERSHIP?

• Partnership − §  Features §  Partnership Deed 
• Provisions of the Indian Partnership Act 1932 in the absence of partnership deed 
• Fixed v/s fluctuating capital accounts 
• Preparation of Profit and Loss Appropriation account- division of profit among partners, guarantee of profits 
• Past adjustments (relating to interest on capital, interest on drawing, salary and profit sharing ratio) 
• Goodwill − nature, factors affecting and methods of valuation - average profit, super profit and capitalization  

  WHAT DO YOU UNDERSTAND BY ADMISSION OF A PARTNER?

    
• Effect of admission of a partner on change in the profit sharing ratio 
• Treatment of goodwill (as per as 26) 
• Treatment for revaluation of assets and reassessment of liabilities ·
• Treatment of reserves and accumulated profits 
• Adjustment of capital accounts and preparation of balance sheet  

  WHAT DO YOU UNDERSTAND BY RETIREMENT OF A PARTNER?

    
• Effect of retirement / death of a partner on change in profit sharing ratio 
• Treatment of goodwill (as per as 26) 
• Treatment for revaluation of assets and reassessment of liabilities 
• Adjustment of accumulated profits and reserves 
• Adjustment of capital accounts and preparation of balance sheet 
• Preparation of loan account of the retiring partner 
• Calculation of deceased partner’s share of profit till the date of death 
• Preparation of deceased partner’s capital account 
• executor’s account and preparation of balance sheet    

  WHAT DO YOU UNDERSTAND BY DISSOLUTION OF A PARTNER?

     
• Types of dissolution of a firm 
• Settlement of accounts - preparation of realization account, and other related accounts 
• Capital accounts of partners and cash/bank a/c (excluding piecemeal distribution, sale to a company and insolvency of partner(s))  

  WHAT DO YOU UNDERSTAND BY ACCOUNTING FOR SHARE CAPITAL?

      
• Share and share capital − §  Nature §  Types 
• Accounting for share capital − §  Issue and allotment of equity shares §  Private placement of shares §  Employee Stock Option Plan (ESOP) §  Public subscription of shares - over subscription and under subscription of shares §  Issue at par and at premium §  Calls in advance and arrears (excluding interest) §  Issue of shares for consideration other than cash 
• Accounting treatment of forfeiture and re-issue of shares 
• Disclosure of share capital in company’s Balance Sheet.  

  WHAT DO YOU UNDERSTAND BY ACCOUNTING FOR DEBENTURES?

    
• Debentures − §  Issue of debentures at par, at a premium and at a discount §  Issue of debentures for consideration other than cash §  Issue of debentures with terms of redemption §  Debentures as collateral security-concept, interest on debentures 
• Redemption of debentures − §  Lump sum, draw of lots and purchase in the open market (excluding exinterest and cum-interest) §  Creation of Debenture Redemption Reserve    

  WHAT DO YOU UNDERSTAND BY RATIO ANALYSIS?

   
• Introduction of Ratio Analysis 
• Objectives of Ratio Analysis 
• Advantages of Ratio Analysis 
• Limitations of Ratio Analysis 
• Classification of Accounting Ratios  

  WHAT DO YOU UNDERSTAND BY FINANCIAL STATEMENT OF A COMPANY?

    
• Financial statements of a company − §  Statement of Profit and Loss and Balance Sheet in the prescribed form with major headings and subheadings (as per Schedule III to the Companies Act, 2013) 
• Financial Statement Analysis − §  Objectives §  Importance §  Limitations 
• Tools for Financial Statement Analysis − §  Comparative statements §  Common size statements §  Cash flow analysis §  Ratio analysis 
• Accounting Ratios − §  Objectives §  Classification §  Computation 
• Liquidity Ratios − §  Current ratio §  Quick ratio 
• Solvency Ratios − §  Debt to Equity Ratio §  Total Asset to Debt Ratio §  Proprietary Ratio §  Interest Coverage Ratio 
• Activity Ratios − §  Inventory Turnover Ratio §  Trade Receivables Turnover Ratio §  Trade Payables Turnover Ratio and Working Capital Turnover Ratio 
• Profitability Ratios − §  Gross Profit Ratio §  Operating Ratio §  Operating Profit Ratio §  Net Profit Ratio and Return on Investment  

  HOW WE HELP THE STUDENTS???

    These video lectures will make the subject easy for students. The free lecture is available as a demo. We provide mock exams after completion of the full course. These lectures are recording of the live session taken. It will include question and answers of the students undertaken during the class. CBSE Class 12th previous question papers and sample papers are also given to the students for practice. Video Lectures classes are taken by Study Khazana’s best faculties. We offer pen drives and online-offline study mode to the students. We also have Android and IOS Study Khazana mobile app for helping students to study anywhere at any time.