The Institute of Chartered Accountants of India introduced Paper1: Principles and Practices of Accounting in CA Foundation Syllabus to develop an understanding of the basic concepts and principles of Accounting and acquire the ability to apply the same in preparing financial statements and simple problem solving .This can be achieved from our faculties having excelling command over Accounting for years.
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Welcome to Paper1: Principles and Practices of Accounting by Unicus Academy
Our bundle offers,
• E-learning lectures with 100% conceptual explanations from the ICAI study material
• Lecture Notes
• Practical tests to access the time management skills of students ,identifying gaps in knowledge and
to prepare them for exam with boosted confidence
• Views without limits
Unit 1: Meaning and Scope of Accounting1 Modules 1 Hours
Unit 2: Accounting Concepts, Principles and Conventions 1 Modules 1 Hours
Unit 3: Accounting Terminology – Glossary1 Modules 1 Hours
Unit 4: Capital and Revenue Expenditures and Receipts1 Modules 1 Hours
Unit 5: Contingent Assets and Contingent Liabilities1 Modules 1 Hours
Unit 6: Accounting Policies1 Modules 1 Hours
Unit 7: Accounting as a measurement discipline1 Modules 1 Hours
Unit 8: Accounting Standards1 Modules 1 Hours
Unit 9: Indian Accounting Standards1 Modules 1 Hours
Unit 1: Basic Accounting Procedures – Journal Entries 1 Modules 5 Hours
Unit 2: Ledgers 1 Modules 8 Hours
Unit 3: Trial Balance1 Modules 5 Hours
Unit 4: Subsidiary Books1 Modules 5 Hours
Unit 5: Cash Book1 Modules 3 Hours
Unit 6: Rectification of Errors1 Modules 3 Hours
Chapter 3: Bank Reconciliation Statement5 Modules 8 Hours
Chapter 4: Inventories2 Modules 5 Hours
Chapter 5: Concept and Accounting of Depreciation2 Modules 75 Hours
Unit 1: Bill Of Exchange and Promissory Notes 1 Modules 1 Hours
Unit 2: Sale of Goods on Approval or Return Basis 1 Modules 1 Hours
Unit 3: Consignment1 Modules 1 Hours
Unit 4: Average Due Date1 Modules 1 Hours
Unit 5: Account Current1 Modules 1 Hours
Unit 1: Final Accounts of Non-Manufacturing Entities 2 Modules 4 Hours
Unit 2: Final Accounts of Manufacturing Entities2 Modules 4 Hours
Unit 1: Introduction to Partnership Accounts 1 Modules 1 Hours
Unit 2: Treatment of Goodwill in Partnership Accounts 3 Modules 5 Hours
Unit 3: Admission of a New Partner1 Modules 2 Hours
Unit 4: Retirement of a Partner1 Modules 2 Hours
Unit 5: Death of a Partner1 Modules 1 Hours
Chapter 9: Financial Statements of Not-for-Profit Organizations5 Modules 8 Hours
Unit 1: Introduction to Company Accounts 1 Modules 2 Hours
Unit 2: Issue, Forfeiture and Re-Issue of Shares 2 Modules 5 Hours
Unit 3: Issue of Debentures 1 Modules 2 Hours
a)The Indian Contract Act, 1872
b)The Sale of Goods Act, 1930
c)The Indian Partnership Act ,1932
d)The Limited Liability Partnership Act,2008
e)The Companies Act ,2013
Your logical reasoning skills will be developed and help you to apply the same in simple problem solving.
Out of the 4 papers, 2 papers are subjective and rest of the 2 papers are objective type
You will be able to build your understanding of Accounting principles and preparing financial statements .
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