This course covers topics related to both advanced accounting and financial accounting. It provides a comprehensive overview of various methods of goodwill valuation and shares valuation, such as simple average method, weighted average profits, super profit, capitalization of super profit, annuity method, etc. It also explains topics related to partnership accounts such as adjusted Profit & Loss accounts, P & L appropriation, calculation of interest and drawings, Final Accounts, New Profit Sharing Ratio, Admission of Partner, Calculation of Sacrifice, Revaluation Account, Goodwill Treatment, Retirement of Partner, Death of Partner, Joint Life Policy discussions, Dissolution of Partnership and Insolvency of Partner.
Overview
Syllabus
1. Valuation of Goodwill Introduction - From Advanced Accounting.
2. Valuation of Goodwill - Simple Average Method - Problem Number : 1.
3. Valuation of Goodwill - Simple Average Method – Problem No : 2.
4. Valuation of Goodwill - Weighted Average Profit Method.
5. Valuation of Goodwill - " Super Profit Method"- Problem No: 1.
6. Valuation of Goodwill - Super Profit Method - Problem No: 2.
7. Valuation of Goodwill - Capitalization of Super Profit Method - Problem No: 1.
8. Valuation of Goodwill - Capitalization of Super Profit Method - Problem No : 2.
9. Valuation of Goodwill - Capitalization of Super Profit Method - Problem No : 3.
10. Valuation of Goodwill - Annuity Method of Super Profit Problem With Solution.
11. Valuation of Goodwill - Prob From Super Profit, Capitalization of Super Profit & Annuity Method.
12. Valuation of Shares Introduction - Methods of Valuation of Shares.
13. Valuation of Shares - Net Assets/ Intrinsic Value Method - Problems Number : 2.
14. Valuation of Shares - Net Assets Value Method - Problem Number - 2.
15. Valuation of Shares - Net Assets Method- Problem Number : 3.
16. Valuation of Shares - Yield Basis/ Earning Basis/ Market Value Basis Method Introduction & Prob.
17. Valuation Of Shares - "Yield Basis Method" - Problems Number: 2.
18. Valuation of Shares - Fair Value Method with Problem & Solution.
1. Introduction of Partnership Accounts - In Financial Accounting.
2. Partnership Accounts - Adjusted Profit & Loss Account Problem - 1.
3. Partnership Accounts - "Adjusted Profit & Loss A/c Problem with Fixed Capital Accounts".
4. Partnership Accounts - Adjusted Profit & Loss A/c With Fluctuating Capital Accounts.
5. Partnership Accounts - P & L Appropriation A/cWith Partners Accounts.
6. Partnership Accounts - Calculation of Interest Drawings.
7. Partnership Accounts - Final Accounts Problem Number - 1.
8 Partnership Accounts - Final Accounts Problem No: 2.
9. Calculation of New Profit Sharing Ratio - Admission of Partner from Partnership Accounts.
10. When New Partner’s Share Of Profit from any one of the Old Partner - Admission of Partner.
11. When New Partner Purchases a Specific Share of Profit From Old Partners - Partnership Accounts".
12. Calculation of Ratio of Sacrifice From Admission Of Partnership Accounts.
13. Introduction of Revaluation Account from Admission of Partnership Accounts.
Admission Of Partner - " Final Accounts Problem".
Introduction of Goodwill - How to Calculate & Method of Goodwill Calculation.
Final Accounts in Admission Of Partner - When Goodwill Brought In Cash By New Partner.
Admission Of Partner Final Accounts - When Goodwill Is To Be Shared in Sacrificing Ratio.
18. When Good will is to be distributed as per Sacrificing Ratio With Difficult Adjustments.
19. Admission Of Partner When Goodwill is Created & Withdrawn.
20. Admission Of Partner - "When Good will Is Created".
21. Admission of Partner :- "When Goodwill is Created & Written Off".
22. Admission Of Partner - "When New Goodwill created to Old Goodwill & Written off".
23. Admission Of Partner - "When Goodwill Value is Decreasing".
24. Admission Of Partner - "Adjustment Of Capitals".
25. Retirement of Partner - " Introduction & Goodwill Treatment With Journal Entries".
26. Partnership Accounts - Retirement Of Partner " Problem No : 2".
27. Partnership Accounts "Retirement Of Partner" - Problem No : 3.
29. Retirement Of Partner - When Goodwill Created & Written Off.
30. Retirement Of Partner - "When Extra Goodwill Created & Written Off".
Death Of Partner - Introduction of Joint Life Policy.
32. Death Of Partner - Joint Life Policy & Joint Life Policy Reserve Account Preparation.
33. Death Of Partner - "Goodwill & Profit Calculations".
34. Dissolution of Partnership Firm - Introduction & Problem No - 1.
"Dissolution Of Partner" In Partnership Accounts - Problem No 2.
36. "Dissolution Of Partner" - Problem No 3.
37. Insolvency Of Partner Introduction & Garner Vs Murray Case Discussion.
38. Insolvency Of Partner - Important Problem With Solution.
28. Retirement Of Partner - Partners Capital & Current amount balances are given in the B/ S.
Taught by
Devika's Commerce & Management Academy
