Advanced Accountancy Fourth Semester

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4.7
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Advanced Accounting is for the young professional who wants to understand “how” a business operates. This class will prepare you to manage, report, interpret, and analyze financial data as well as help you to develop the skills necessary to understand the “story behind the numbers”!

B.com Advanced Accountancy Fourth Semester
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Advanced Accountancy

Advanced Accounting expands on the Generally Accepted Accounting Principles (GAAP) and procedures for proprietorships and partnerships using double-entry accounting covered in Introduction to Accounting

What You Will Get
  • Subject-Wise High Quality Lectures by Experts
  • Accompanying Content for Each Lecture
  • Lecture-Wise Multiple Choice Questions for Each Subject
About this Subject

ADVANCED ACCOUNTING covers accounting operations, patterns, merger of public holding companies, foreign currency operations, changing financial statement prepared in foreign and local currencies. Advanced accounting also includes a variety of advanced financial accounting issues such as lease contracts, pension funds, end of service severance payments, etc. The purpose of advanced financial accounting and advanced financial reporting is to aid in decision-making and strategy for a company. Basic accounting really only tells a story about where money has come from and where it has gone. It is important to know these things for the purposes of tracking how business is doing, but it doesn't help as much with forecasting or strategy if more complex principles aren't understood. Reporting to various entities regarding financial health is also a reason to understand advanced financial accounting. Various ratios and derived reporting numbers come from having an understanding of the more complex workings of a company that can include company stock value, investment vehicles, and the earnings they pay to shareholders. These items also help leaders in a company determine the future direction of the company based on trends and other set goals.

In this subject we are going to learn about  Branch accounting which refers to maintaining separate accounts for different branches or locations of a company to track their financial transactions and performance individually. Departmental accounting involves the segregation of a company's financial information by departments or divisions to analyze their individual performance and allocate costs and revenues accurately. Other topics to be covered are Royalty accounting refers to the payment or compensation made for the use of intellectual property rights, such as patents, copyrights, or trademarks.

Student Feedback
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Instructor
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Seekho.live

Seekho.Live is an integrated and simplified online learning platform for students to crack NEET, JEE Main, government exams 2021, and engineering courses.

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