Course Content
Syllabus, Recommended Books, Paper Pattern & Past Papers
0/6
Recommended Books for FFA
00:00
Past Papers
00:00
Syllabus
00:00
Paper Structure for FFA
00:00
PRC
00:00
All Lecture Document with Links of Lectures and Handouts
Introduction to Financial Accounting
0/1
What is Financial Accounting?
00:00
Basic Terms of Financial Accounting
0/1
Basic Terms of Financial Accounting
00:00
Accounting Equation
0/2
Accounting Equation
00:00
Accounting Equation
00:00
Rules of Debit & Credit and Analysis of Transaction
0/1
Rules of Debit and Credit
00:00
Journalizing , Ledger and Trial Balance
0/2
Journalizing & Ledger(Only Posting)
00:00
Ledger and Trial Balance
00:00
Financial Reporting & Adjusting Entries
0/5
Financial Reporting and Adjustment for Prepayments(Deferred Expenses)
00:00
Adjustments for Deferred Expense, Deferred Income and Accrued Expense
00:00
Kinds of Assets and Adjustment for Depreciation
00:00
Adjustment for Accrued Income
00:00
Practice File-Adjusting Entries
00:00
Accounting Cycle-Servicing Business
0/2
Adjustment for Bad Debts, Adjusting Entries, Adjusted Trial Balance , Income Statement and Closing Process of Servicing Business
00:00
Servicing Business-Closing Entries, Post-Closing Trial Balance, Balance Sheet, Opening Entry and Introduction of Trading Business
00:00
Acounting Cycle-Trading Business
0/4
Difference between Perpetual & Periodic Inventory Systems and Entries for Perpetual Inventory System
00:00
Complete Accounting Cycle for Trading Business-Perpetual Inventory System from Journal to Opening Entry
00:00
Differences between the entries of perpetual and periodic inventory systems and journal , ledger & trial balance of trading business under periodic inventory system
00:00
Trading Business-Periodic Inventory System-From Adjustments to Opening Entry
00:00
Practice for Financial Statements(Both Trading and Servicing Businesses)
In this, I have uploaded 2 videos in which I have taught how to prepare income statement, balance sheet and closing entries without making adjusted trial balance.Then I have uploaded some practice for you and I will update this list in the future too BECAUSE THE MOST IMPORTANT SECTION OF FFA IS ACCOUNTING CYCLE.
0/2
Financial Statements and Closing Entries for Servicing and Trading Business(Perpetual)
00:00
Financial Statements and Closing Entries for Trading Business-Periodic Inventory System
00:00
Inventory Valuation
0/6
Perpetual Inventory System-Specific Identification Method & FIFO
00:00
Perpetual Inventory System-LIFO & Average Method
00:00
Periodic Inventory System-FIFO, LIFO & Weighted Average Methods and Their Comparison
00:00
Comparative Income Statement and Effects of Overstatement or Understatement of Ending and Opening Inventories
00:00
IAS-2(Inventory)-Lower of Cost or NRV
00:00
IAS-2(Inventory)-Lower of Cost or NRV-Mark-up and Margin
00:00
Valuation of Accounts Receivable-BAD DEBTS
0/5
Valuation of Accounts Receivable-Explained and Balance Sheet Approach
00:00
Bad Debts-Balance Sheet Approach
00:00
Bad Debts-Balance Sheet and Income Statement Approaches
00:00
Does writing off accounts receivable change its realizable value?
00:00
Aging of Accounts Receivable
00:00
Control Account
0/1
Control Account-Sales Ledger and Purchase Ledger Account
00:00
Accounting for Tangible Non-Current Assets (Depreciation)
0/6
Tangible Non-Current Assets & Capital and Revenue Expenditures
00:00
Methods to Estimate Depreciation-Straight Line Method
00:00
Methods to Estimated Depreciation-Diminishing Balance Method and Sum of the Years’ Digits Method
00:00
Working Hours Method, Units Production Method & Disposal
00:00
Disposal of Non-Current Assets & Change in Estimate
00:00
How to Account for Extraordinary Repairs of Fixed Assets
00:00
Correction of Errors
0/4
Understanding Accounting Errors: One-Sided vs Two-Sided Errors, and Types of Errors
Two-Sided Accounting Errors: Definitions, Examples, and Rectification Methods
Mastering Suspense Accounts: Correcting One-Sided Errors with Practical Examples
Perfecting Error Correction in Accounting:Suspense Account ,Trial Balance Adjustments
Book of Prime Entry
0/4
Cash Book
00:00
Petty Cash Book
00:00
Sales Journal & Sales Return & Allowance Journal
Purchase Journal & Purchase Return & Allowance Journal
Bank Reconciliation Statement
0/2
Bank Reconciliation Statement: Cash Book, Bank Statement, and Discrepancies Explained
00:00
Bank Reconciliation Statement Step-by-Step Questions and Solutions with Entries
00:00
Accounting for Incomplete Records/Single Entry
0/5
Pure Single Entry-Introduction and Problems
Pure Single Entry-Problems & Solutions
Mixed Single Entry i.e. Incomplete Records with Cash Book 1
Mixed Single Entry i.e. Incomplete Records with Cash Book 2
Incomplete Records-Mary Grimes
Accounting For Non-Profit Organizations
0/2
“Non-Profit Organizations Accounting: Easy Explanation with Solved Examples”
Practice
Company Accounting-Issuance of Shares & Financial Statements
0/8
Introduction to Company Accounting: Key Concepts,Types of Company & Shares
Accounting for Issuance of Shares in Consideration of Cash-Market Value = Par Value
Accounting for Issuance of Shares: At Premium & Discount Explained
Balance Sheet Preparation: Share Issuance at Par, Premium & Discount
How to Record Issuance of Shares for Cash and Non-Current Assets-Part 1
How to Record Issuance Shares for Cash and Non-Current Assets -Part 2
Issuance of Shares in Consideration of Running Business & Preliminary Expense
Disposal of Income of the Company-Appropriations, Cash Dividend, Stock Dividend and Statement of Retained Earnings
Accounting for Sales Tax
0/1
Accounting for Sales Tax
Cash Flow Statement
0/4
Introduction and Direct Method Formulas
Cash Flow Statement Solved: Direct vs. Indirect Method Explained with Examples
Cash Flow Statement-Practice(Computations, Modern Equipment, Farooqui Ltd & CPA Company
Cash Flow Statement-Practice(Crescent, Shan, Farooqui & Farhan)
Analysis of Financial Statements
0/2
Introduction to Financial Statement Analysis-Change, Change% and Ratio Analysis
Practice-Solvency Ratios, Leverage Ratios, Profitability Ratios and Shareholders’ Ratios
Fundamentals of Financial Accounting
About Lesson

Video Link : https://youtu.be/OTPZHv5sxiE

In this video, I have explained the process of making financial statements without making adjusted trial balance under servicing business and trading business .

Exercise Files
Waseem-Final.pdf
Size: 222.68 KB
Yasir & Co-Final.pdf
Size: 188.14 KB
Previous
Next