CS Executive Company Accounts Video Classes : The subject ‘Company Accounts and Auditing Practices’ is very important for the students.In these Video Lectures every efforts has been made to give a comprehensive coverage of all the topics relevant to the subject. In all study lessons the requisite theoretical framework for understanding the practical problems in the subject has been explained and wherever necessary practical illustrations have been given to facilitate better understanding.

CS Executive Accounts Video Lectures

For Other Subjects Video Lectures, Click on Below mentioned Subjects

CS Executive Group 1 Video Lectures

CS Executive Group 2 Video Lectures

1. CS Executive Company Law Video Lecture

 

2. CS Executive Economic Commercial Laws Video Lectures

 

3. CS Executive Tax Laws Video Lectures

 

4. CS Executive Cost Management Accounting Video Lecture

1.CS Executive Industrial Labour General Law Video Lectures

 

2. CS Executive Capital Market Securities Laws Video Lectures

 

3. CS Executive Company Accounts Video Classes

We have provided the chapter wise index for this subject below

CS Executive Company Accounts Video Classes : Chapter 1 : SHARE CAPITAL

Topics Covered in this Chapter
Meaning of shares, Meaning of share capital, Kinds of share capital, Issue of Shares, Issue of Shares at Par, Issue of Shares at Premium, Issue of Shares at Discount, Under-Subscription of Shares, Over-Subscription of Shares, Calls-in-Advance and Interest on Calls-in-Advance, Calls in Arrear and Interest on Calls in Arrear, Issue of Shares for Consideration other than Cash, Issue of Shares to Vendors, Forfeiture of Shares, Re-Issue of Forfeited Shares, Forfeiture and Re-issue of Shares Allotted on Pro-rata Basis,Capital Redemption Reserve Account, Premium on redemption of preference shares, Underwriting of shares, Underwriters and Brokers, Types of Underwriting, Underwriting Commission, Payment of Underwriting Commission, Marked and Unmarked Applications, Determining the Liability of Underwriters, Partial Underwriting, Firm Underwriting, Accounting Treatment relating to Underwriting of Shares or Debentures, LESSON ROUND-UP , SELF-TEST QUESTIONS

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CS Executive Company Accounts Video Classes : Chapter 2 : DEBENTURES

Topics Covered in this Chapter
Introduction, Issue of Debentures, Debentures Issued for Cash, Issue of Debentures at Par, Issue of Debentures at Premium, Issue of Debentures at Discount, Debentures Issued for Consideration other than Cash, Debentures Issued as Collateral Security, Terms of Issue of Debentures, Interest on Debentures, Writing off The Discount on Issue of Debentures, Loss on Issue of Debentures, Redemption of Debentures, Creation of debenture redemption reserve account, Mobilisation of Funds for Redemption of Debentures, Methods of Redemption of Debentures, Redemption of Debentures Out of Profit, Redemption Out of the Proceeds of Fresh Issue of Shares or Debentures, Redemption Out of Sale Proceeds of Assets of the Company, The following is the Balance Sheet of Good Luck Ltd. As at 1st April, 2014, Purchase of Debentures in the Open Market, Purchase of Debentures for Immediate Cancellation, Purchase of Debentures as Investment (Own Debentures).

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CS Executive Company Accounts Video Classes : Chapter 3 : FINAL ACCOUNTS OF COMPANIES

Topics Covered in this Chapter
Introduction, Preparation and presentation of financial statements, Schedule III of the Companies Act, 2013, Introduction, General Instructions for the preparation of balance sheet and profit and loss account, Presentation of Balance Sheet, Key features of Balance Sheet, Key features Statement of Profit and Loss, General Instructions for preparing the balance sheet of a company, General Instructions for Preparation of Statement of Profit and Loss, True and fair view of financial statements, Treatment of special items under companies Act 2013, Managerial Remuneration, PART II of Schedule V, Calculation of net profits for determining managerial remuneration, Declaration of Dividend, Provision for Depreciation, Profit or Loss Prior to Incorporation, Methods to Ascertain Profit or Loss Prior to Incorporation, Basis of Apportionment of Expenses, Preliminary Expenses, LESSON ROUND-UP, SELF-TEST QUESTIONS

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CS Executive Company Accounts Video Classes : Chapter 4 : CORPORATE RESTRUCTURING

Topics Covered in this Chapter
Meaning of Corporate Restructuring, Need and Scope of Corporate Restructuring, Some Examples of Corporate Restructuring, Why Corporate Structuring Exercise is Carried Out ?, Kinds of Restructuring, Amalgamation of companies, Meaning of Amalgamation, Accounting Standard (AS) 14 -Accounting for Amalgamations, Types of Amalgamation, Amalgamation in the Nature of Merger, Amalgamation in the Nature of Purchase, Methods of Accounting for Amalgamations, The Pooling of Interests Method, The Purchase Method, Consideration, Accounting for Amalgamations, Computation of purchase consideration, Accounting Entries in the Books of Transferor Company, Accounting Entries in the Books of Transferee Company, Acquisition of Business, Important Points to be noted in Connection with Acquisition of a Business, Accounting Entries in the Books of the Purchasing Company on Acquisition, Internal reconstruction, Introduction, Meaning of Internal Reconstruction, Significance of internal reconstruction, Methods of internal reconstruction,

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CS Executive Company Accounts Video Classes : Chapter 5 : CONSOLIDATION OF ACCOUNTS

Topics Covered in this Chapter
Meaning and definition of holding and subsidiary company, Preparation of Consolidated Financial Statements as per the Companies Act, Schedule III of the Companies Act, 2013, Preparation of Consolidated Balance Sheet, Investment in Shares of Subsidiary Company, Minority Interest, Pre-acquisition Profits and Reserves of Subsidiary Company, Pre-acquisition Losses of Subsidiary Company, Profit on Revaluation of Assets of Subsidiary Company, Loss on Revaluation of Assets of Subsidiary Company, Goodwill or Cost Control, Post-acquisition Profits or Losses, Inter-company Unrealised Profits included in Unsold Goods, Inter-company Transactions, Contingent Liabilities, Preference Shares in Subsidiary Company, Bonus Shares, Treatment of Dividend, Holding Company Consisting of more than one Subsidiary, Preparation of Consolidated Profit and Loss Statement, LESSON ROUND-UP, SELF-TEST QUESTIONS.

 

CS Executive Company Accounts Video Classes : Chapter 6 : VALUATION OF SHARES AND INTANGIBLE ASSETS

Topics Covered in this Chapter
I. Valuation of Shares, Need for Valuation of Shares, Methods of Valuation of Shares, Determination of Normal Rate of Return and Capitalisation Factor, Fair Value of Shares, Special Factors for Valuation of Shares, Valuation of Preference Shares, Summary of Valuation of shares, II. Valuation of Intangible Assets, Intangible Assets, Approaches for Valuing Intangible Assets, Recognition and Initial Measurement of an Intangible Asset, Separate Acquisition of Intangible Assets, Acquisition of Intangible Assets as Part of an Amalgamation, Acquisition of Intangible Assets by way of a Government Grant, Internally Generated goodwill, Cost of an Internally Generated Intangible Asset, Recognition of an Expense on Intangible Asset, Subsequent Expenditure on Intangible Assets, Amortisation on Intangible Assets, Recoverability of the Carrying Amount – Impairment Losses, Retirements and Disposals on Intangible Assets, Valuation of Goodwill, Need for Valuation of Goodwill, Factors Affecting Goodwill, Determination of Future Maintainable Profit, Normal Rate of Return, Capital Employed, Methods of Valuing Goodwill, Summary of Valuation of Goodwill, LESSON ROUND-UP, SELF-TEST QUESTIONS

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CS Executive Company Accounts Video Classes : Chapter 7 : LIQUIDATION OF COMPANY

Topics Covered in this Chapter
Meaning of Liquidation of a Company, Consequences of Winding Up, Contributory, Fraudulent Preference, Voluntary Transfer, Employees & Officers, Interest On Liabilities, Order of Payment, Preference Shareholders, Equity Shareholders, Preferential Creditors, Preparation of the Statement of Affairs, Statement of Affairs and Lists to be Annexed, B-List Contributories, LESSONS ROUND UP, SELF TEST QUESTIONS

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CS Executive Company Accounts Video Classes : Chapter 8 : CORPORATE FINANCIAL REPORTING

Topics Covered in this Chapter
Introduction, Concept of Corporate Financial Reporting, Various Requirements of Corporate Reporting in India, Balance Sheet, Statement of Profit and Loss (Income Statement), Cash Flow Statement, Director’s Report, Disclosure of Significant Accounting Policies, Disclosure of Notes on Accounts, Development in Corporate Financial Reporting, Characteristics of Corporate Financial Reporting, Objectives of Corporate Financial Reporting, Value Added Statement, Introduction, Definition and background of value added and the value added statement (VAS), Distribution of Gross Value addition, Economic Value Added, How to calculate Economic Value Added (EVA), Corrective action to improve EVA, Advantages of EVA Analysis, Market Value Added, Shareholder Value Added (SVA), Benefits of Adopting SVA, Drawbacks of Adopting SVA, LESSON ROUND UP, SELF TEST QUESTIONS

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CS Executive Company Accounts Video Classes : Chapter 9 : ACCOUNTING STANDARDS

Topics Covered in this Chapter
Introduction, Meaning of Accounting Standards, Objective of Accounting Standards, Formation of the Accounting Standards Board, Composition of the Accounting Standards Board, Objectives and Functions of the Accounting Standards Board, Scope of Accounting Standards, Procedure for Issuing an Accounting Standard, Compliance with the Accounting Standards, Applicability of Accounting Standards under Companies Act 2013, Accounting Standards issued, AS-1 – Disclosure of Accounting Policies, AS-2 – Valuation of Inventories, AS-3 – Cash Flow Statements, AS- 4 – Contingencies and Events Occurring after the Balance Sheet Date, AS-5 – Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies, AS-6 – Depreciation Accounting, AS-7 – Construction Contracts, Combination and Segmenting Construction Contracts, Contract Revenue, Contract Costs, Recognition of Contract Revenue and Expenses, Recognition of Expected Losses, AS-8 – Accounting for Research and Development.

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CS Executive Company Accounts Video Classes : Chapter 10 : AUDITING CONCEPTS

Topics Covered in this Chapter
Evolution of Auditing, Definitions of Auditing, Features of Auditing, Objectives of Auditing, Scope of Auditing, Auditing and Assurance Standards Board – ICAI, Standards on Auditing, Basic principles governing an audit, True and Fair View, Advantages of an Independent Audit, Investigation, Scope of investigation, Reasons for carrying out investigation, Audit and Investigation distinguished, Materiality in Auditing, Auditing Standard, Procedure of issuing auditing standards, International Auditing standards, Harmonization of Indian Auditing standards with International Auditing Standards, Brief Overview of Auditing Standards in India, Standards on Quality Control (SQCs), Elements of System of Quality Control, Standards for Audits and Reviews of Historical Financial Information, SA 210: Agreeing the Terms of Audit Engagements, SA 220: Quality Control for an Audit of Financial Statements, SA 230: Audit Documentations, SA 240: the Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.

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CS Executive Company Accounts Video Classes : Chapter 11 : TYPES OF COMPANY AUDIT

Topics Covered in this Chapter
Audit of companies under the Companies Act 2013, Statutory Audit, Appointment of Auditors, Manner and procedure of selection and appointment of auditors, Conditions for appointment and notice to Registrar, Mandatory Rotation of Auditors, Manner of rotation of auditors by the companies on expiry of their term, Appointment of first auditor:, Filling of casual vacancy, Companies (Auditor’s Report) Order, 2015, Applicability, Matters to be included in the auditor’s report, Fraud reporting by auditors, Prohibition on the services to be rendered by the auditors, Signing of Audit Reports, Auditors to attend general meeting, Internal Audit, Secretarial Audit, Cost Audit, Joint Audit, CAG Audit, Audit of Government Companies (Commercial Audit), Nature of Audit, Regularity Audit (Compliance), Regularity Audit (Financial), Performance Audit, Action on Audit Reports, Public Accounts Committee, Constitution of the Committee, Committee on Public Undertakings, CAG’s Role in functioning of financial committees of Parliament.

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CS Executive Company Accounts Video Classes : Chapter 12 : INTERNAL AUDIT

Topics Covered in this Chapter
Propriety Audit, Compliance Audit, Objectives of Compliance Audit, Benefits of Compliance Audit, The Compliance Audit Process, Efficiency Audit, Objectives of Efficiency Audit, Advantages of Efficiency Audit, Internal Audit, Nature of Internal Audit, Scope of Internal Audit, Techniques of Internal Audit, Review of Operating Environment, Review Controls, Test Controls, Account Details, Internal Audit Process, Internal Audit Process: Step Wise Approach, Why Internal Audit is Required/Advantages of Internal Audit, Beside above, Internal Audit has become an important management tool for the following reasons, Page Limitation of Internal Audit, Functions and Responsibilities of Internal Auditors, Organisational Status of Internal Auditing Function, Terms of reference, Internal Audit Status vis-a-vis Statutory Audit, Difference between Internal Audit and Statutory Audit, Role of Internal Audit in Different Areas, Role of Internal Audit in Internal Control, Role of Internal Audit in risk management, Role of Internal Audit in corporate governance, LESSON ROUND-UP, SELF-TEST QUESTIONS

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CS Executive Company Accounts Video Classes : Chapter 13 & 14 : INTERNAL CONTROL

Topics Covered in this Chapter
Internal Control, Introduction, Definitions of Internal Control, Nature of Internal control, Scope of Internal Control System, Internal Control Objectives, Internal control Elements, Control Environment, Risk Assessment, Control Activities, Information and Communication, Monitoring, Advantages of Internal Control System, Increase in operational efficiency, Accurate Recording, Safeguarding Assets, Compliance, Protection of Employees, Benefits of Internal Control to the Auditor, Limitations of Internal Controls, Internal Check, Difference between Internal Control System and Internal Check System, Difference between internal check and internal audit, Difference between internal Control and Internal audit, Techniques of Internal Control System, Review of Internal Control, Steps for Internal Control and Audit Evaluation, Audit Testing, Sampling in Audit Testing, Need for Audit Sampling, Statistical Sampling in Audit, Approaches to statistical sampling, Simple Random Sampling, Systematic (Interval) Sampling

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CS Executive Company Accounts Video Classes : Chapter 15 : AUDIT ENGAGEMENT AND DOCUMENTATION

Topics Covered in this Chapter
Audit Engagement and Documentation, Audit Plan, Audit Programme, Sample Audit program for Cash Audit,
Vouching, Voucher, Examples of vouchers, Objectives of vouching,
Importance of Vouching, Verification, Points to be Considered in Verification,
Scope of Verification, Objects of Verification, Advantages of Verification, Techniques of Verification:,
Verification of Assets, Distinction between Vouching and Verification,
Documentation, Meaning of Documentation, Form and content of documentation,
Permanent and Current Audit files, Content of permanent audit file,
Content of current audit file, Need for Audit documentation, The need for Working papers,
Guidance to staff on Audit documentation, Retention of working papers/ documents,
Ownership and custody, Sampling, Factors in Determining Sample Size- Sampling Risk,
Tolerable Error, Expected Error, Selection of the Sample,
Test Checks and Techniques of Test Checking, Test Checking v/s Statistical Sampling, Advantages of Test Check

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