Introduction to Accounting

Chapter 1: Introduction to Accounting (25 videos)   (Practice Test)

1.1: Introduction to Accounting(Practice Test)

1. Need, Importance and Objectives of Accounting
2. What is Accounting?
3. Book-Keeping Versus Accounting
4. Branches of Accounting
5. Types and Forms of Business
6. Accounting System

1.2: Important Accounting Terms (Practice Test)

1. Transaction, Goods, Stock and Account
2. Sales, Debtors, Purchases and Creditors
3. Discount and Commission
4. Proprietor, Capital, Liability, Equity and Drawings
5. Expense, Expenditure, Assets and Income

1.3: Accounting Principles (Practice Test)

1. Accounting Principles

1.4: Accounting Concepts (Practice Test)

1. Separate Entity and Going Concern Concept
2. Accounting Period and Matching Concept
3. Cost Concept
4. Realization Concept
5. Substance over Form Concept
6. Money measurement Concept
7. Dual Aspect Concept

1.5: Accounting Conventions (Practice Test)

1. Conservatism Convention
2. Full Disclosure Convention
3. Consistency Convention
4. Materiality Convention

1.6: Qualitative Characteristics of Financial Accounting Information(Practice Test)

1. Relevance and Reliability
2. Comparability and Understandability