ICAP Rise PRC-04 Introduction To Accounting (Vol-II)
- Publisher: RISE PUBLICATIONS
- Availability: In Stock
- SKU: 58289
Rs.800.00
Rs.995.00
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The ICAP Rise PRC-04: Introduction to Accounting (Vol-II) builds upon the foundational concepts introduced in Volume I. This volume delves into more advanced accounting topics, emphasizing practical applications, financial statement preparation, and compliance with accounting standards. It is an essential resource for ICAP students and aspiring accountants seeking to enhance their knowledge and skills in accounting.
Key Features and Topics
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Advanced Financial Statements:
- Preparation and presentation of income statements, balance sheets, and cash flow statements.
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Accounting for Adjustments:
- Detailed coverage of accruals, prepayments, depreciation, and provisions.
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Partnership Accounting:
- Concepts of formation, profit sharing, dissolution, and reconstitution of partnerships.
-
Inventory Accounting:
- Valuation methods including FIFO, LIFO, and Weighted Average Cost, with practical examples.
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Accounting for Non-Current Assets:
- Treatment of acquisition, disposal, and depreciation of fixed assets.
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Bank Reconciliation Statements (BRS):
- Preparing BRS with a focus on identifying and resolving discrepancies.
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Trial Balance and Error Rectification:
- Techniques for identifying and correcting errors in financial records.
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Introduction to Accounting Standards:
- Overview of International Financial Reporting Standards (IFRS) relevant to beginners.
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Practice Exercises and Case Studies:
- Includes extensive problem-solving exercises and real-world scenarios for practical learning.
-
ICAP Standards and Relevance:
- Content structured to align with ICAP's curriculum, ensuring utility for exams and professional growth.
Conclusion
The ICAP Rise PRC-04: Introduction to Accounting (Vol-II) is a comprehensive resource tailored to meet the needs of accounting students. With its focus on advanced topics, practical applications, and adherence to ICAP standards, it serves as an indispensable guide for mastering accounting principles.
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Writer ✤ ICAP
Publishers ✤ RISE PUBLICATIONS
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