JKSSB FINANCE ACCOUNTS ASSISTANT Download Pdf Free Arihant's Handbook of Accountancy Jkcrown

 

JKSSB FINANCE ACCOUNTS ASSISTANT : Arihant's Handbook of Accountancy Download Pdf Free

Arihant's Handbook of Accountancy is a Revision cum Quick Study Resource for Class XI-XII students and equally useful for those students who are preparing for competitive examinations JKSSB FINANCE ACCOUNTS ASSISTANT. Due to its simple information and lucid language it can also be used for general references. Students would like to learn a lot in a short duration, but with the help of a single and less voluminous book like this. 

This handbook is an exhaustive and precise collection of all the topics that come under business studies such as, concepts, definitions, principles and procedures; well illustrated with examples and diagrams.

JKSSB FINANCE ACCOUNTS ASSISTANT : Arihant's Handbook of Accountancy Download Pdf Free

CONTENTS
Arihant's Handbook of Accountancy for JKSSB FINANCE ACCOUNTS ASSISTANT 

1. Theoretical Framework of Accounting

1. Introduction
2. Meaning of accounting
3. Objective of Accounting
4. Characteristics of Accounting
5. Accounting Process or Cycle
6. Function of Accounting
7. Relationship between Book-Keeping, Accounting and Accountancy
8. Advantages and Disadvantages of Accounting
9. Branches of Accounting

2. Accounting Principles

1. Introduction
2. GAAP: Assumptions, Concepts, and Conventions
3. Accounting Policies
4. Valuation Principles

3. Accounting Equation, Accounting Standards and IFRS

1. Introduction
2. Basic Accounting Terms
3. Accounting Equation
4. Accounting Standards
5. International Financial Reporting Standards IFRS

4. Accounting Process : Journal to Trail Balance

1. Introduction
2. Meaning of Accounting Process
3. Source Documents
4. Voucher
5. Book of Original Entry
6. Ledger
7. Trail Balance

5. Reconciliation Statement

1. Introduction 
2. Bank Reconciliation Statement BRS
3. Receivable Reconciliation Statement
4. Payables Reconciliation Statement
5. Stock Reconciliation Statement

6. Accounting for Inventory

1. Introduction
2. Purpose or Significance of Inventory Valuation
3. Valuation of Inventory
4. Inventory System
5. Applicability of Accounting Standard
6. Inventory Valuation or Balance Sheet Data

7. Financial Statements of Proprietary Concerns

1. Introduction 
2. Final Accounts of Non-Manufacturing Firms
3. Final Accounts of Manufacturing Firms

8. Financial Statements of Non-for-Profit Concerns

1. Introduction
2. Meaning of Not-for-Profit Organisation
3. Final Accounts of Non-for Profit Organisaiton
4. Accounting System for Non-for-Profit Organisation

9. Financial Statement From Single Entry System

1. Introduction
2. Meaning of Single Entry System/Incomplete Records
3. Ascertainment of Profit or Loss under Single Entry System

10. Rectification of Errors

1. Introduction of Errors
2. Types of Errors
3. Nature of Errors
4. Steps to Locate the Errors
5. Rectification of Errors

11. Depreciation Accounting

1. Depreciation
2. Meaning of Depreciation
3. Causes of Depreciation
4. Related Concepts of Depreciation
5. Characteristics, Needs and Factors of Depreciation
6. Methods of Computing Depreciation
7. Accounting Treatment of Depreciation
8. Change in the Method of Depreciation

12. Consignment Accounting

1. Introduction
2. Documents used in the Consignment Process

13. Joint Venture Accounting

1. Concept of Joint Venture
2. Features of Joint Venture
3. Difference between joint venture and Partnership
4. Accounting treatment for joint venture transaction
5. Selection of Methods for Preparing Joint Venture Accounts

14. Bills of Exchange

1. Introduction
2. Meaning of Bills of Exchange
3. Parties of Bills of Exchange
4. Preparation of Bills of Exchange 
5. Foreign Bills
6. Promissory Note
7. Terms Related to Bills of Exchange
8. Accounting Treatment of Bills of Exchange or Promissory Note
9. Dishonor of Bills of Exchange
10. Renewal of Bills of Exchange
11. Accommodation Bills
12. Insolvency of the Drawee of the Bills of Exchange

15. Sale of Goods on Approval or Return Basis

1. Concept of Sale of Goods on Approval or Return Basis
2. Accounting  Methods to Record Transactions

16. Fundamental of Partnership

1. Introduction
2. Meaning of Partnership
3. Partnership Deed
4. Final Accounts of Partnership Firms
5. Capital Accounts System
6. Interest on Partners Drawings
7. Interest on Partner's Capitals
8. Past Adjustments
9. Guarantee of Profit

17. Reconstitution of Firm-Change in Profit Sharing Ratio

1. Introduction
2. Meaning of Change in Profit Sharing Ratio
3. Accounting Treatment of Goodwill
4. Revaluation of Assets and Reassessment of Liabilities
5. Treatment of Accumulated Profits an Unwritten off Losses

18. Reconstitution of Firm - Admission of Partner

1. Introduction 
2. Meaning of Admission of a Partner
3. New Profit Sharing Ratio
4. Sacrificing Ration
5. Goodwill
6. Treatment of Hidden Goodwill or Inferred Goodwill 
7. Treatment of Accumulated  Profits and Accumulated Losses
8. Computation of New Partner's Capital

19. Reconstitution of Firm - Retirement of a Partner

1. Introduction
2. Meaning of Retirement of Partner
3. New Profit Sharing Ratio
4. Gaining Ratio
5. Treatment of Goodwill
6. Hidden Goodwill
7. Revaluation of Assets and Reassessment of Liabilities
8. Treatment of accumulated Profit an Unwritten off Losses
9. Life Insurance Policy
10. Settlement of Amount Payable to Retiring Partner
11. Adjustment of Capital of Continuing Partners

20. Reconstitution of Firm - Death of a Partner

1. Meaning of Death of a Partner
2. Effect of Amount Payable to the Legal Heirs of Deceased Partner
3. Calculation of Deceased Partner's Share in the profit
4. Accounting Treatment  of Deceased Partner's Share in Profit or Loss
5. Calculation of Final Amount Payable  to the Executors

21. Dissolution of Firm

1. Concept of Dissolution of Partnership
2. Modes of Dissolution of Firms
3. Settlements of Accounts
4. Interesting Facts Emerging on Dissolution of Firm
5. Memorandum Balance Sheet
6. concept of Insolvency under Partnership

22. Share Capital

1. Introduction
2. Meaning of a Company
3. Features of Joint Stock Company
4. Types of Joint Stock Company
5. Share Capital
6. Subscription of Shares
7. Securities Premium Reserve
8. Accounting for shares
9. Forfeiture and Re-issue of Shares

23. Issue of Debenture

1. Introduction
2. Meaning of Debentures
3. Security of Debenture holders
4. Debenture Trust Deed
5. Types of Debentures
6. Accounting for Debenture
7. Issue of Debentures from the point of view of Redemption
8. Writing off Discount/Loss on Issue of Debentures

24. Redemption of Debentures

1. Meaning of Redemption of Debentures
2. Sources of Redemption of Debentures
3. Methods of Redemption of of Debentures
4. Creation of Debenture Redemption Reserve Account
5. Accounting Treatment  for Redemption of Debentures
6. Treatment of Interest on Own Debentures

25. Issue and Redemption of Preference Shares

1. Introduction
2. Meaning of Preference Shares
3. Redemption of Preference Shares
4. Important Concepts
5. Computation of Capital Redemption Reserve CRR

26. Financial Statements of Companies

1. Meaning of Financial Accounts
2. Features of Financial Statements
3. Objectives of Financial Statements
4. Importance of Financial Statements
5. Forms and Contents of Financial Statements
6. Structure of Schedule III
7. General Instruction for Preparation of Balance Sheet
8. General Instruction for Preparation of Profit and Loss
9. Accounting Treatment  of some selected items given in the Trail Balance

27. Introduction to Cost Accounting

1. Concept of  Cost Accounting
2. Evolution of Cost Accounting
3. Objectives of Cost Accounting
4. Importance/advantages of Cost Accounting
5. Disadvantages of Cost Accounting
6. Relationship between financial accounting and Cost Accounting
7. Other related terms used in Cost Accounting
8. Methods of Costing
9. Techniques of Costing
10. Installation of Cost Accounting system
11. Classification of Cost
12. Cost Audit
13. Generally Accepted Cost Accounting Principles and Cost Accounting Standards

28. Material Costing

1. Concepts of Material 
2. Types of Material 
3. Material  Control
4. Standard Purchase Procedure
5. Steps involved in Purchase Procedure
6. Storage of Materials
7. Economic Order Quantity 
8. Inventory Ratio
9. ABC Analysis
10. FSN Analysis
11. Accounting System for Material 
12. Accounting and Control of Material Losses

29. Labor Costing and Direct Expenses

1. Labor Cost 
2. Time Keeping
3. Time Booking
4. Payroll Accounting 
5. Overtime Premium
6. Incentive System
7. Labour Turnover
8. Labour Productivity
9. Terms used in Engineering and Work Study Department
10. Direct Expenses

30. Overhead costing

1. Introduction
2. Importance of Overhead costing
3. Procedure in Overhead costing
4. Types of Overhead rates
5. Treatment of Over or Under Absorption of Overheads
6. Distribution of Administration Overheads
7. Distribution of Selling and Distribution Overheads 

31. Cost Sheet

1. Introduction 
2. Cost Accumulation
3. Cost Collation
4. Preparation of Cost Sheets
5. Cost Sheets for various industries
6. Customized Formats of Cost Sheet

32. Fundamental of Management Accounting

1. Introduction 
2. Meaning of Fundamental of Management Accounting
3. Definition of Fundamental of Management Accounting
4. Marginal Costing
5. Absorption Costing
6. Keys Concepts used in Marginal Costing

33. Analysis of Financial Statements

1. Meaning Analysis of Financial Statements
2. Types of Analysis of Financial Statements
3. Process of Analysis of Financial Statements
4. Objectives of Analysis of Financial Statements
5. Importance of Analysis of Financial Statements
6. Parties interested in Analysis of Financial Statements
7. Limitations of Analysis of Financial Statements
8. Tools or Techniques for Analysis of Financial Statements
9. Comparative Statements

34. Cash Flow Statement

1. Meaning of Cash Flow Statement
2. Objectives of Cash Flow Statement
3. Uses of Cash Flow Statement
4. Limitations of Cash Flow Statement
5. Classification of Business Activities
6. Forms of Presentation of Cash Flow Statement
7. Classification of Various Activities

35. Ratio Analysis 

1. Ratio 
2. Ration Analysis

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JKSSB FINANCE ACCOUNTS ASSISTANT : Arihant's Handbook of Accountancy Download Pdf Free

JKSSB FINANCE ACCOUNTS ASSISTANT : Arihant's Handbook of Accountancy Download Pdf Free

It is the oldest form of accounting which aided stewards to discharge their stewardship function. The wealthy and rich would employ stewards to manage their property and the stewards in turn rendered an account periodically. This stewardship accounting was the root of financial accounting system. Luca Pacioli at Venice in Italy is supposed to be the inventor of present system of accounting though he did not claim it. It is also evident from the facts that historians found records of debit and credit dating back to the 12th century. In 1494, he published 'Principles of double entry book-keeping' and it was capable of recording not only cash transactions but also all types of mercantile transactions systematically. In his book, he used the present day popular terms of accounting i.e. Debit (Dr) and Credit (Cr). 

These were the terms used in Italian terminology. Debit comes from the Italian ‘debito’ which comes from the Latin ‘debeo’ which means owed to the proprietor. Credit comes from the Italian ‘credito’ which comes from the Latin ‘credo’ which means trust or belief in the proprietor. 

According to Pacioli, ‘All entries have to be double entries that are if you make one creditor, you must make some debtor for the equal amount’. 

Meaning of Accounting

Accounting can be defined, as the process of identifying, measuring, recording and communicating the required information relating to the economic events of an organisation to the interested users of such information. 

According to The American Institute of Certified Public Accountants (AICPA) ‘Accounting is the art of recording, classifying and summarising in a significant manner and in terms of money; transactions and events which are, in part atleast, of a financial character, and interpreting the results thereof. According to The American Accounting Information (AAI), ‘The process of identifying, measuring and communicating economic information to permit informed judgments and decisions by the users of such information.’

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