Financial accounting

Topics covered under financial accounting are categorized into following sections. The links below will take you to the respective categories where you will find the accounting topics explained in a simple and easy to understand manner.

  1. Basics of accounting
  2. Double-entry accounting system
  3. Accounting cycle
  4. Accounting principles
  5. Bookkeeping
  6. Accounting of assets
  7. Property, plant and equipment
  8. Financial instruments
  9. Inventory
  10. Accounts receivables
  11. Accounting of liabilities
  12. Accounting of income

Management accounting

Topics covered under management accounting are categorized into following sections. The links below will take you to the respective categories where you will find the accounting topics explained in a simple and easy to understand manner.

  1. Introduction
  2. Relevant costing
  3. Cost of goods sold statement
  4. Marginal and absorption costing
  5. Inventory valuation
  6. Inventory management

IFRS

International Financial Reporting Standards (IFRS) are usually quite lengthy and difficult to digest. Here we have simplified these standards in a concise manner with relevant examples. The links below will take you to the our notes and explanations on some of the commonly used standards.

  1. IFRS 15 – Revenue from contracts with customers