Financial Accounting

Senior Secondary School (SS1-SS3)
Summary

Topics for this Subject
267 Sub-topics 21:15:18 Hours
  • Introduction to Accounting 00:00:00
  • Historical Development of Accounting 00:00:00
  • Branches of Accounting 00:00:00
  • Introduction to Book keeping 00:00:00
  • Classifications of Assets and Liabilities 00:00:00
  • Book Keeping and Accounting Quiz 00:00:00
  • Qualities and Accounting Ethics; Honesty 00:00:00
  • Transparency 00:00:00
  • Integrity 00:00:00
  • Accountability 00:00:00
  • Fairness 00:00:00
  • Objectivity 00:00:00
  • Trustworthiness 00:00:00
  • Ethics of Accounting Quiz 00:00:00
  • Introduction to Double Entry 00:00:00
  • Application on Double Entry Rules I 00:00:00
  • Application of Double Entry Rules II 00:00:00
  • Principles of Double Entry Quiz 00:00:00
  • Accounting Concepts and Conventions 00:00:00
  • Types of Accounting Concepts I 00:00:00
  • Types of Accounting Concepts II 00:00:00
  • General Journal; Uses 00:00:00
  • Opening and Closing Entries 00:00:00
  • Correction of Errors 00:00:00
  • General Journal Quiz 00:00:00
  • Introduction to Cash book 00:00:00
  • Single Column Cash Book 00:00:00
  • Illustration on Single Column Cash Book 00:00:00
  • Double Column Cash Book with Emphasis on Contra Entries 00:00:00
  • Illustration on Two Column Cash Book 00:00:00
  • Three Columnar Cash Book 00:00:00
  • Illustration on Three Column Cashbook 00:00:00
  • Analytical Cash Book Quiz 00:00:00
  • Petty Cash Book 00:00:00
  • Causes of Discrepancies 00:00:00
  • Causes of Discrepancies II 00:00:00
  • Introduction to Bank Reconciliation Statement 00:00:00
  • Illustration on Complex Bank Reconciliation Statement 00:00:00
  • Effects of Overcast and Undercast 00:00:00
  • Adjustment of Cash Book 00:00:00
  • Bank Reconciliation 00:00:00
  • Bank Reconciliation Statement Quiz 00:00:00
  • Introduction to Classification of Accounts 00:00:00
  • Personal Account 00:00:00
  • Impersonal Account 00:00:00
  • Real Account 00:00:00
  • Nominal Account 00:00:00
  • Classification of Accounts Quiz 00:00:00
  • Errors that do not affect the Trial Balance 00:00:00
  • Illustration on corrections of errors 00:00:00
  • Layout of Trial Balance 00:00:00
  • Illustration ( Correction of Errors) 00:00:00
  • Continuation on Illustration 00:00:00
  • Trial Balance 00:00:00
  • Illustration on Trial Balance 00:00:00
  • Correction of Errors 00:00:00
  • Trial Balance and Correction of Error Quiz 00:00:00
  • Terminologies of Trading Account 00:00:00
  • Final Account 00:00:00
  • Trading Account Preparation 00:00:00
  • Trading Account Quiz 00:00:00
  • Identification of Profit and Loss Account Items 00:00:00
  • Format or Layout of Profit and Loss Account 00:00:00
  • Preparation of Profit and Loss Account 00:00:00
  • Determination of Net Profit or Loss 00:00:00
  • Profit and Loss Account Quiz 00:00:00
  • Illustration on Sales Ledger control Acct 00:00:00
  • Definition and Uses of Control Account 00:00:00
  • Sales Ledger Control Account 00:00:00
  • Complex question on control acct 00:00:00
  • Sales Ledger Quiz 00:00:00
  • Purchases Ledger Control Account 00:00:00
  • Ilustration on Purchases Ledger Control Acct 00:00:00
  • Purchases Ledger Quiz 00:00:00
  • Terminologies; Cost of the Asset, Estimated Residual Value, Number of Years, Cash Refund 00:00:00
  • Causes of Depreciation; Economic Factors, Time Factors, Depletion, Physical Factors 00:00:00
  • Straight Line Method Quiz 00:00:00
  • Terminologies; The Net Residual Value, Value of the Asset, Rate of Depreciation 00:00:00
  • Reducing Balance or Written Down Value Method Quiz 00:00:00
  • Manufacturing Account; Layout, Preparation 00:00:00
  • Trading, Profit and Loss Account 00:00:00
  • Balance Sheet; Layout, Preparation 00:00:00
  • Manufacturing Account Quiz 00:00:00
  • Net Profit 00:00:00
  • Interest on Drawing 00:00:00
  • Salary 00:00:00
  • Share of Profit 00:00:00
  • Interest on Account Capital 00:00:00
  • Profit and Loss Appropriation Quiz 00:00:00
  • Terminologies; Drawing, Interest on Drawing, Share of Profit, Partners' Salary, Fixed Capital, Calculating Capital 00:00:00
  • Partnership Capital Account Quiz 00:00:00
  • Terminologies; Drawing, Interest on Drawing, Share of Profit, Partners' Salary 00:00:00
  • Preparation of Partnership Current Account 00:00:00
  • Current Account Quiz 00:00:00
  • Receipts and Payment Accounts 00:00:00
  • Income and Expenditure Accounts 00:00:00
  • Balance Sheet; Layout, Preparation 00:00:00
  • Receipts and Payment Accounts, Income and Expenditure Account Quiz 00:00:00
  • Single Entry; Meaning, Limitation 00:00:00
  • Statement of Affairs; Preparation 00:00:00
  • Trading and Profit and Loss Account 00:00:00
  • Conversion to Double Entry 00:00:00
  • Single Entry (Incomplete Records) Quiz 00:00:00
  • Companies and Allied Matters Act, 1990 Relating to Formation of a Company 00:00:00
  • Terminologies; Memorandum of Association, Articles of Association, Prospectus, Subscription, Shares, Shares Capital, Allotment, Preliminary Expenses 00:00:00
  • Formation of a Company Quiz 00:00:00
  • Private Company; Definition, Features 00:00:00
  • Public Company; Definition, Features 00:00:00
  • Differences Between Private and Public Companies 00:00:00
  • Private and Public Companies Quiz 00:00:00
  • Quoted Company; Definition, Features, Examples 00:00:00
  • Unquoted Company; Definition, Features 00:00:00
  • Difference Between Quoted and Unquoted Companies 00:00:00
  • Financial System; Meaning 00:00:00
  • Components of Financial System e.g. Banks, Insurance, NSE, SEC, CSCS, e.t.c. 00:00:00
  • Money Market; Definition, Key Functions, Market Institution, Features of Money Market (short term) 00:00:00
  • Features and Key Functions of Money Market 00:00:00
  • Profit and Loss Appropriation Account 00:00:00
  • Appropriation Items; Amount Written-off, Goodwill, Preliminary Expenses, Amount Transferred to Reserve, Bonuses, Dividends 00:00:00
  • Preparation of Profit and Loss Appropriation Accounts 00:00:00
  • The Company Balance Sheet; Layout, Preparation, Analyzing or Interpretation 00:00:00
  • Regulation of the Capital Market; Meaning, Reasons for Regulation 00:00:00
  • Types of Regulation; Statutory Regulation, The Law ISA No. 45, 1999 00:00:00
  • Securities and Types of Regulation, Exchange Commission (The Apex Regulatory Body) 00:00:00
  • Objectives of Statutory Regulation 00:00:00
  • Self-Regulation; Stock Exchanges, A Nigerian Stock Exchange- Definition, Outline 00:00:00
  • Hire Purchase and Installment Payment Accounts - The System, 00:00:00
  • Preparation of Accounts in the Seller's Ledger and Hirer's Ledger 00:00:00
  • Preparation of Accounts in the Goods Account 00:00:00
  • Preparation of Accounts in the Hire Purchase Account and Interest Account 00:00:00
  • Consignment Account terminologies; Meaning, Consignment, Consign or Consignee, Consignment Outwards, Consignment Inwards, De-credere Commission 00:00:00
  • Introduction to Joint Venture Account 00:00:00
  • Differences Between Joint Venture Account and Partnership Account 00:00:00
  • Preparation of Joint Venture Account (Individual Account) 00:00:00
  • Preparation of Joint Venture Memorandum Account 00:00:00
  • Preparation of Joint Venture Memorandum Account 00:00:00
  • Terminologies; Nominal Notional, Retention Money, Work Certified, Work-in-Progress, Percentage of Work Completed 00:00:00
  • Preparation of Contract Account 00:00:00
  • Departmental Account - Need and Preparation 00:00:00
  • Description of Branch Organization 00:00:00
  • Types of Branch Account - Local and Foreign 00:00:00
  • Importance of Branch Account 00:00:00
  • Differences Between Branch and Departmental Organizations 00:00:00
  • Preparation of Branch Account 00:00:00
  • Introduction of Public Sector Accounting 00:00:00
  • Source of Governmental Revenue 00:00:00
  • Capital Expenditure 00:00:00
  • Recurrent Expenditures 00:00:00
  • Heads and Sub-Heads 00:00:00
  • Capital Revenue Account 00:00:00
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  • 21:15:18 Hours On demand videos
  • 267 Sub-topics
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