Accounting and Financial Management -2 FYBcom Sem 2 Sheth Publication | NEP 2020

• Publisher : Sheth Publication
• Author: Chopde, Chaudhary patel
• Edition: 2024-25
• Availability: In Stock
• Normally Deliver within 3-4 days

• Description :

  Accounting and Financial Management -2 FYBcom Sem 2 Sheth Publication  as per syllabus of Mumbai university 2024-25 edition

  Module 1 : Accounting Standards issued by ICAI and Inventory Valuation  (15 Lec.)
  ♦ Accounting Standards:
  Concepts, Benefits, Procedures for Issue of Accounting Standards
  Various AS :
  AS – 1 : Disclosure of Accounting Policies
  (a) Purpose (b) Areas of Policies (c) Disclosure of Policies (d) Disclosure of Change in Policies (e) Illustrations
  AS – 2 : Valuation of Inventories (Stock)
  (a) Meaning, Definition (b) Applicability (c) Measurement of Inventory
  (d) Disclosure in Final Account (e) Explanation with Illustrations.
  AS – 9 : Revenue Recognition
  (a) Meaning and Scope (b) Transactions excluded (c) Sale of Goods (d) Rendering of Services (e) Effects of Uncertainties (f) Disclosure (g) Illustrations
  ♦ Inventory Valuation
  Meaning of Inventories
  Cost for Inventory Valuation
  Inventory Systems : Periodic Inventory System and Perpetual Inventory System
  Valuation : Meaning and Importance
  Methods of Stock Valuation as per AS – 2 : FIFO and Weighted Average Method
  Computation of Valuation of Inventory as on balance sheet date: If inventory is taken on a date after the balance sheet or before the balance sheet
  

  The book consists of:

  1. Accounting from Incomplete Records: Introduction Problems on preparation of final accounts of Proprietary Trading Concern(conversion method)
  2. Consignment Accounts:-Accounting for consignment transactions Valuation of stock Invoicing of goods at higher price(excluding overriding commission,normal/abnormal losses)
  3. Branch Accounts:-Meaning/ Classification of branch Accounting for Dependent Branch not maintaining full books: Debtors methodStock and debtors method
  4. Fire Insurance Claim:-Computation of Loss of Stock by Fire Ascertainment of Claim as per the Insurance Policy Exclude: Loss of Profit and Consequential Loss.