Financial Accounting and Cost Accounting

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Ankit Kumar Bajaj

10:18:34

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01. 1. Introduction of Financial Reporting

1.1 1. S1.1-FR.pptx

1. Definition of stakeholders.mp4

06:47

2. Component of Financial Reporting.mp4

07:48

3. Importance of Financial Reporting.mp4

07:36

4.1 2. S2-GAAP.pptx

4. Generally Accepted Accounting Principles.mp4

10:18

02. Profit & loss account

1.1 3. S3-Income Statement.pptx

1. Income Statement Format.mp4

11:21

2. Income Statement - Poona Bakery case study.mp4

28:23

3. Income Statement From Annual Report - Revenue.mp4

08:50

4. Discussion about Cost of mat. consumed, purchase and changes in inventory.mp4

09:39

5. Income Statement - Expenses and Exceptional Items.mp4

13:16

03. Balance Sheet

01.1 4. S4-Balance Sheet.pptx

01. Introduction of Balance Sheet.mp4

07:07

02. Balance Sheet Format.mp4

06:36

03. Non Current Assets.mp4

06:09

04. Current Assets.mp4

07:47

05. Share Capital.mp4

03:59

06. Liabilities.mp4

05:12

07. Non Current Liability and Current Liability.mp4

05:12

08. Annual Report of Dabur - Assets.mp4

05:59

09. Annual Report of Dabur Share Capital.mp4

05:00

10. Annual Report of Dabur Non Current and Current Liability.mp4

06:13

04. Cash Flow Statement

1.1 S5-Cash Flow Statement.pptx

1. Introduction of Cash Flow Statement.mp4

04:03

2. Cash Flow from Operating Activities.mp4

10:48

3. Operating Activity - Part 2.mp4

08:43

4. Cash Flow from Financing Activity.mp4

06:41

5. Cash Flow from Investing Activity.mp4

07:48

6. Discussion about all 3 Activities - Operating, Investing and Financing.mp4

06:20

7. Case Study 1 on Cash Flow Statement.mp4

18:48

8. Case Study 2 on Cash Flow Statement.mp4

31:27

05. Accounting Concepts and Principles

01. Introduction of Accounting Concepts and Principles.mp4

05:04

02. Entity Concept.mp4

04:03

03. Money Measurement Concepts.mp4

02:54

04. Periodicity Concept.mp4

05:31

05. Dual Aspect Concept.mp4

06:42

06. Accrual Concept.mp4

07:40

07. Matching Concept.mp4

10:08

08. Going Concern Concept.mp4

05:06

09. Conservatism Concept.mp4

06:36

10. Consistency Concept.mp4

06:26

11. Materiality Concept.mp4

05:58

12. Substance Over Form.mp4

05:33

06. Basics and Introduction of Cost Management

1. Introduction of Cost Management Module and Job Opportunities.mp4

06:22

2. Introduction of Manufacturing and Non Manufacturing Process.mp4

04:53

3. What is Cost.mp4

05:05

4. Period Cost vs. Product Cost.mp4

05:02

5. Cost Base on Level of Activity.mp4

03:42

6. What is Costing.mp4

02:30

7. What is Cost Accounting.mp4

04:54

07. Cost Sheet

1. Introduction of Cost Sheet.mp4

08:48

2. Introduction of Prime Cost and Case 1.mp4

07:00

3. Prime Cost - Case 1.mp4

06:25

4. Introduction of Factory Overhead.mp4

08:40

5. Factory Cost - Case 1.mp4

05:37

6. Factory Cost - Case 2.mp4

06:16

7. Complete discussion of Cost Sheet.mp4

04:46

8. Cost Sheet - Case 1, Discussion.mp4

04:59

9. Cost Sheet Case 2, Discussion.mp4

08:46

08. Optional - Discussion about Cost Centres

1. Discussion about Cost, Revenue and Profit Centres.mp4

06:04

2. Investment, Standard Discritionary Cost Centre.mp4

07:36

09. Marginal Costing

01. Introduction of Marginal Costing.mp4

04:48

02. Marginal Cost Equation.mp4

03:49

03. Marginal Costing - Case 1.mp4

05:30

04. Marginal Costing - Case 2.mp4

05:36

05. PV Ratio with 1 year data and Example.mp4

04:06

06. PV Ratio with 2 year data with example.mp4

05:19

07. Introduction of Break Even Point.mp4

07:27

08. Discussion of Break Even Formula.mp4

07:11

09. Break Even Point - Case 1.mp4

05:06

10. Break Even Point - Case 2.mp4

06:34

11. Margin of Safety.mp4

08:01

12. Margin of Safety - Case Study 1.mp4

03:55

13. Margin of Safety - Case Study 2.mp4

02:38

14. Complete Case on Marginal Costing.mp4

06:33

10. Marginal Costing vs Absorption Costing

1. Introduction of Difference Between Marginal Costing and Absorption Costing.mp4

07:03

2. Understanding of Marginal Costing With Full Case.mp4

12:43

3. Understanding of Absorption Costing With Example.mp4

08:38

4. Marginal Costing and Absorption Costing - Case 1.mp4

05:02

5. Continuity of Case 1.mp4

09:30

6. Continuity of Case 1.mp4

10:48

11. Activity Based Costing

1. Introduction of Activity Based Costing.mp4

05:51

2. Optional - Advantages and disadvantage of Activity Based Costing.mp4

05:38

3. Important Term of Activity Based Costing.mp4

07:22

4. Examples of Cost Drivers.mp4

06:18

5. Activity Based Costing - Case 1.mp4

03:19

6. Continuity of Case 1.mp4

05:23

7. Activity Based Costing Case 2.mp4

17:30

Description

Dive deeper into the preparation and interpretation of financial statements, including account concepts and GAAP

What You'll Learn?

Explain how the balance sheet, income statement, and statement of cash flows are used, what they measure, and why we need three statements.
Explain what is the balance sheet equation and why the balance sheet equation is the foundational model for accrual accounting/double entry accounting
Explain how the statement of cash flows and income statement link into the balance sheet
Locate a real company’s annual report at their website and locate their financial statements within the annual report
Explain the give and take of a transaction and how to record both sides of the transaction separately with the six stakeholders
Explain why you can’t measure profit with cash and why you need to use accrual accounting (double-entry accounting), not cash accounting
Explain the basis for bookkeeping and basic accounting without learning bookkeeping
Explain how the format of the operating activities section differs from the other two activities (investing and financing)
Differentiate between income and cash flow
Define what are assets, liabilities, and equity and how assets, liabilities, and equity relate
Explain who are the six most important stakeholders of a corporation (employees, customers, government, vendors, lenders, investors)
Explain which side of the give and take appears on the income statement and on the statement of cash flows
Illustrate how accrual accounting can both record cash and profits using a spreadsheet
Explain what each line item of the balance sheet means and distinguish between current and noncurrent assets, liabilities, and shareholders’ equity
Explain each important line item for the three sections of the statement of cash flows: operating activities, investing activities, and financing activities
Explains cost accounting systems
Explains main manufacturing cost elements
Explains cost from the view point of the relationship with cost centers
Calculates production cost according to the job cost system
Calculates product costs according to the process costing

Who is this for?

Business students who want a big picture view of accounting by understanding the end product, financial statements, not how the end product is created through bookkeeping

Managers who want to read and understand financial statements without learning bookkeeping

Investors who want to read and understand annual reports

Non-accounting/finance employees in companies who want to determine how their company is doing without taking an accounting course

Accounting/finance majors should not take the course

What You Need to Know?

There are no prerequisites for the course. You do not need to know anything about accounting

More details

Description
To familiarize students with the mechanics of preparation of financial statements, understanding corporate financial statements, their analysis and interpretation, role of IFRS in accounting discipline, and the concept of management quality analysis and wealth creation.
Learning Outcomes
Â· Understand the process of recording and classifying the business transactions and events
Â· Understand the financial statements, viz., Profit and Loss Account, Balance Sheet, and cash flow statement of a soleÂ Â proprietor.
Â· Understand the role of IFRS/Ind-AS in accounting discipline.
Â· Understand and Analyze the financial statements from different the perspective of different stakeholders using ratio analysis.
Â· Understanding of financial distress or bankruptcy prediction and how to analyze management quality means the concept of beyond balance sheet.

The Importance of Financial Statements in Todayâ€™s World
The language of business is encapsulated in financial statements. Financial statements provide a scorecard for how a business is doing. Over a series of years, it provides a map of the businessâ€™s performance. Managers judge the success of their business with financial statements. Investors make intelligent investing decisions with financial statements. In addition, people in the business world are being held more accountable for their financial statement practices since Enron and WorldCom. They need to know what goes into financial statements.

Learn to Read Financial Statements, Not Prepare Them.
Just as you donâ€™t need to understand how to make a car in order to drive one, you donâ€™t have to understand bookkeeping to read financial statements. I've prepared a course that eliminates the bookkeeping drudgery and concentrates on the end product of accounting, how to read financial statements, not how to prepare them.
Like climbing a spiral staircase, I will teach you how to read three real companyâ€™s financial statements (Whole Foods, Sherwin Williams, and Facebook), starting with the simple and progressing to the complex, interspersing the statements with key accounting terms and concepts to help you build expertise.
Who this course is for:
Business students who want a big picture view of accounting by understanding the end product, financial statements, not how the end product is created through bookkeeping
Managers who want to read and understand financial statements without learning bookkeeping
Investors who want to read and understand annual reports
Non-accounting/finance employees in companies who want to determine how their company is doing without taking an accounting course
Accounting/finance majors should not take the course

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Cost Accounting

Ankit Kumar Bajaj

Instructor's Courses

CA Ankit Bajaj is having 15+ years of Finance Training and corporate experience. He has worked in a number of domains such as Consultancy, Healthcare, Manufacturing, etc. He has worked in the product as well as service-based companies.He is currently working with multiple B Schools, Consultancy Firms, and Training Institutes. In his current role, he provides training to corporate learners, B-Schools, CA, CS, CFA, US CWA, ACCA aspirantsTraining ExpertiseHe delivers training on IFRS/IND AS, Direct Taxation, Financial Management, Fundamental Analysis, and doubt sessions for students. He also conducts technical interview mock sessions where he interacts with students and evaluates the level of clarity the student has in IFRS and IND AS and identifies an area of improvement. Technical ExpertiseHe is an expert in fundamental analysis of various companies and stocks, working capital management, tax management, and finalization of books of accounts.

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