Chapter 1 Accounting for Not-for-Profit Organisation –
Meaning and Characteristics of Not-for-Profit Organisation
Accounting Records of Not-for-Profit Organisations
Receipt and Payment Account
Income and Expenditure Account
Balance Sheet
Some Peculiar Items
Income and Expenditure Account based on Trial Balance
Chapter 2 Accounting for Partnership : Basic Concepts
Nature of Partnership
Partnership Deed
Special Aspects of Partnership Accounts
Maintenance of Capital Accounts of Partners
Distribution of Profit among Partners
Guarantee of Profit to a Partner
Past Adjustments
Chapter 3 Reconstitution of a Partnership Firm – Admission of a Partner
Modes of Reconstitution of a Partnership Firm
Admission of a New Partner
New Profit Sharing Ratio
Sacrificing Ratio
Goodwill
Adjustment for Accumulated Profits and Losses
Revaluation of Assets and Reassessment of Liabilities
Adjustment of Capitals
Change in Profit Sharing Ratio among the Existing Partners
Chapter 4 Reconstitution of a Partnership Firm – Retirement/Death of a Partner
Ascertaining the Amount Due to Retiring/Deceased Partner
New Profit Sharing Ratio
Gaining Ratio
Treatment of Goodwill
Adjustment for Revaluation of Assets and Liabilities
Adjustment of Accumulated Profits and Losses
Disposal of Amount Due to Retiring Partner
Adjustment of Partners’ Capitals
Death of a Partner
Chapter 5 Dissolution of Partnership Firm
Dissolution of Partnership
Dissolution of a Firm
Settlement of Accounts
Accounting Treatment
Part II
Accounting for Share Capital
1.1 Features of a Company
1.2 Kinds of Companies
1.3 Share Capital of a Company
1.4 Nature and Classes of Shares
1.5 Issue of Shares
1.6 Accounting Treatment
1.7 Forfeiture of Shares
Chapter 7 Issue and Redemption of Debentures
Meaning of Debentures
Distinction between Shares and Debentures
Types of Debentures
Issue of Debentures
Over Subscription
Issue of Debentures for Consideration other than Cash
Issue of Debentures as a Collateral Security
Terms of Issue of Debentures
Interest on Debentures
Writing off Discount/Loss on Issue of Debentures
Redemption of Debentures
Redemption by Payment in Lump Sum
Redemption by Purchase in Open Market
Redemption by Conversion
Chapter 3 Financial Statements of a Company
Meaning of Financial Statements
Nature of Financial Statements
Objectives of Financial Statements
Types of Financial Statements
Uses and Importance of Financial Statements
Limitations of Financial Statements
Chapter 4 Analysis of Financial Statements
4.1 Meaning of Analysis of Financial Statements
4.2 Significance of Analysis of Financial Statements
4.3 Objectives of Analysis of Financial Statements
4.4 Tools of Analysis of Financial Statements
4.5 Comparative Statements
4.6 Common Size Statement
4.7 Limitations of Financial Analysis
Chapter 5 Accounting Ratios
5.1 Meaning of Accounting Ratios
5.2 Objectives of Ratio Analysis
5.3 Advantages of Ratio Analysis
5.4 Limitations of Ratio Analysis
5.5 Types of Ratios
5.6 Liquidity Ratios
5.7 Solvency Ratios
5.8 Activity (or Turnover) Ratio
5.9 Profitability Ratios
Chapter 6 Cash Flow Statement
6.1 Objectives of Cash Flow Statement
6.2 Benefits of Cash Flow Statement
6.3 Cash and Cash Equivalents
6.4 Cash Flows
6.5 Classification of Activities for the Preparation of Cash Flow Statement
6.6 Ascertaining Cash Flow from Operating Activities
6.7 Ascertainment of Cash Flow from Investing and Financing Activities
6.8 Preparation of Cash Flow Statement