Basics of Accounting (For CA Foundation, New Syllabus)

With Important Revision Questions
Full Syllabus with Theory & MCQs
Student's most preferred Books for Self Study of CA Course
Applicable for CA Foundation - New Syllabus
.............................................................................................................................
Description
Accounting Syllabus for Foundation Course (New Scheme), of the Institute of Chartered Accountants of India, covers a specified set of topics from the basics of accounting, i.e. Journal, Ledger, Trial Balance, etc. to issues in Partnership Accounts, Company Accounts, Special Transactions, etc. The basic knowledge acquired in this subject at the CA Foundation level is the starting point for the entire course and profession of Chartered Accountancy. Keeping this in mind, every topic has been dealt in detail and explained in an easy manner for the beginners/students at the Foundation Course. This New Edition of Basis of Accounting comes with the following special features—
»    Comprehensive Coverage of all the concepts, in detail, with adequate illustrations
»    Diagrams and Charts for better understanding of principles and concepts
»    Step by Step Solution for Practical Problems and illustrations with detailed explanations.
»    Possible Question Types incorporated  in each Chapter to aid exam preparation.
»    Chapter Overview at the beginning of each Chapter, for easy navigation of topics.
»    Self-Study Perspective to ensure effective learning and easy grasp of subject knowledge.
............................................................................................................................
Contents
1.    Meaning and Scope of Accounting
2.    Accounting Process
        (A)  Journal
        (B)  Ledger
        (C)  Trial Balance
        (D)  Subsidiary Books
        (E)   Cash Book
        (F)   Capital vs Revenue
        (G)  Contingent Assets & Liabilities
3.    Rectification of Errors
4.    Bank Reconciliation Statement
5.    Inventories
6.    Depreciation
7.    Accounting for Special Transactions
        (A)  Consignment
        (B)   Joint Ventures (Excluded from Syllabus)
        (C)   Sale on Approval or Return
        (D)  Bills of Exchange
        (E)   Average due Date
        (F)   Account Current
8.    Financial Statement - Final Accounts of Sole Proprietorship Entities
9.    Accounting for Partnership Firms
10.  Accounting for Not for Profit & Educational Organisations
11.  Accounting for Companies
12.  Financial Ration Analysis (Excluded from Syllabus)
............................................................................................................................
Author Details
G. Sekar is a Chartered Accountant in practice for the last 30 years.
Founder and Faculty for Direct Taxation in Shree Guru Kripa's Institute of Management, an Institution providing education for all level and all subjects of the Chartered Accountancy Course and has trained many finance professionals.
Member-Central Council of ICAI-2013-16&2016-19
Chairman - Direct Taxes Committee of ICAI - 2014
Recently nominated as Member of Consultative Advisory Group (CAG) of the prestigious International Accounting Education Standards Board (IAESB) - It is worthy to note that he is the First Indian to be part of the CAG.
Great Motivator for Chartered Accountants in Practice and in Employment, and CA Students, through his effective and convincing communication style.
1. Commerce Graduate, Gold Medalist & Rank Holder from Madurai Kamaraj University.
2. Member of Expert Study Group Committee, CBDT, New Delhi, to study the Direct Tax Code Bill in 2006.
3. Recipient of Special Award from the Income Tax Department in 2011, during their "150 years of Income Tax in India" Celebrations, for his contribution and service to the Income Tax Department.
4. Speaker on Budget, Direct and Indirect Taxation in Doordarshan & other Television Channels & Print Media Programmes
5. Writer of Articles of Professional Interest in Journals like Taxmann, Financial Express, Current Tax Reporter, Business Line, etc.
6. Speaker in Seminar, Workshops and Programmes conducted by ICAI, its Branches, Study Circles, Chambers of Commerce, Income Tax & C & AG Officers Training Institutes, National academy of Direct academy of Direct Taxes (Ministry of Finance), Tamil Nadu State Judicial Academy, etc.
7. Faculty Member of The Institute of Chartered Accountants of India and its Branches, and other Professional and Management Institutions, for CA Intermediate / IPCC and CA Final Level for the subjects Income Tax, Service Tax, VAT, Direct Tax Law, etc.
8. Author of Professional Books - for Finance and Legal Professionals, Corporate Taxpayers. Banks, Officials of Income Tax Department, etc.
(a) Handbook on Direct Taxes - (Recommended for IRS Trainees at NADT)
(b) Professional Manual on Accounting Standards
(c) Practical Guide on TDS and TCS - (Approved Book for ITOs)
(d) Professional Guide to Tax Audit
(e) Personal Income Tax-A Simplified Approach
(f) Professional Guide to CARD 2016
(g) A Professional Guide to Income Computation & Disclosure Standards (ICDS)
(h) Handbook for The Insolvency and Bankruptcy Code, 2016
(i) Author of Special Series GST Books for Professionals - GST Manual, GST Self Learning, GST Ready Reckoner
9. Author of Books for CA Students - Authored about 27 Books covering the entire curriculum of CA Course. Shree Guru Kripa's Institute of Management is the First and Only Educational Institution in India to accomplish this feat.
B. Saravana Prasath is a graduate in Commerce and a Fellow Member of the Institute of Chartered Accountants of India. He secured Fourth Rank in the Madras University in his Graduation Examinations. He did his Chartered Accountancy Articleship training under the tutorship of Shri G. Sekar FCA. He secured the First Rank in the Chartered Accountancy Final Examinations, securing 76% in the aggregate. He also secured the Third Rank in the Intermediate Examinations and Tenth Rank in the Foundation Examinations.His academic performance includes 99% in CA Final Accounting Paper and 96% in CA Intermediate Auditing Paper.
1. Practicing Chartered Accountant for the past 16 years.
2. Areas of specialization include Accounting Standards, Accounting Systems, Cost Accounting, Management Decision Making, Direct and Indirect Taxation, Government Accounting and Systems audit.
3. Faculty Member on Cost Accounting and Financial Management for CA IPC/Inter and Advanced Management Accounting for CA Final at the SIRC of ICAI and its Branches.
4. Visiting Faculty on various subjects at the Regional Training Institute of the C&AG, and Income Tax Department, Chennai, shree Guru Kripa's Institute of Management, and Professional Training Institutions.
5. Co-Author of Books for CA Students - Authores about 25 books covering the entire curriculum of CA Course, Shree Guru Kripa's Institute of Management is the first and Only Educational Institution in India to accomplish this feat.
............................................................................................................................