Complete Theory Note of Financial Accounting II For BCA 3rd Semester

In this “Complete Theory Note of Financial Accounting - II For BCA 3rd Semester” you will learn about the following topics:

Unit I: Inventories and Cost of Goods Sold

Components of Inventory, Types of Inventory Costing Methods, What Is The Gross Profit Method Of Inventory? The Advantages of the Gross Profit Method, Gross Profit Method, Retail Inventory Method, Cost of Goods Sold – COGS, Differentiate Between Periodic and Perpetual Inventory System, Perpetual Inventory System, Internal Controls Systems

Unit II: Cash and Cash Equivalents and Receivable

Cash and Cash Equivalents, Components of Cash and Cash Equivalents, Bank Reconciliation, Importance of Bank Reconciliation, preparing Preparing a Bank Reconciliation Statement, What is Petty Cash? What is Petty Cash Book? What is Petty Cash System? Example of Petty Cash Accounting, Terms of Credit, What is Bad Debt? Methods of Providing Bad Debts, Aging of Accounts Receivable Method, Accounts Receivable, Differentiate Between Account Receivable and Notes Receivable, Bill Receivable, Notes Receivable, Types of Notes Receivable, Difference between Trade Discount and Cash Discount

Unit III: Property, Plant and Equipment (Depreciation)

Capital Expenditure, Revenue Expenditure, Types of Revenue Expenditure, Differentiate Between Capital Expenditure and Revenue Expenditure, Methods of Calculating Depreciation, Asset, Classification of Assets, Understanding Total Assets and Net Assets, Operating Assets, Types of Operating Assets

Unit IV: Accounting for Current Liabilities

Current Liabilities, Examples of Current Liabilities, Contingent Liability, How Contingent Liability Appear In The Financial Statement? Note Payable, Types of Note Payable, Account Payable, Tax Payable, What is a 'Deferred Tax Asset?' What is a 'Deferred Tax Liability?' Differentiate between Account Payable and Notes Payable, Warranty

Unit V: Accounting for Non-current Liabilities

Non-current Liabilities, What is Bond? Characteristics of Bonds, Types of Bonds, Factors Affecting Bond Price, Amortization, Method of Amortization, Types of Amortization, Lease, Types of Lease, Differentiate between Operating and Financial (capital) Lease

Unit VI: Stockholder's Equity and Dividends

Preferred Stock, Preferred Stock Features, Components of Stockholders Equity, Why Preferred Stock is called Hybrid Security? Treasury Stock, Common Reasons for the Repurchase of Stock, the Cost Method, Cost Method Example, Where Is Treasury Stock Reported On The Balance Sheet? Similarities and Difference between Bonds and Preferred Stocks, Contributed Capital, Earned Capital, Earned Capital Example, Dividend, Types of Dividend, Stock Split, Reasons for Engaging in Stock Split, What Is The Difference Between Common Stock And Preferred Stock?





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BCA 3rd Semester Financial Accounting II Notes Pdf: