By
This course includes
(01) Introduction to the Course
(02) Accounting Assumptions
(03) 5 Pillars of Accounting
(04) Accounting Equation
(05) Example - Accounting Equation
(06) Recording Process
(07) Posting Enteries in Ledger Accounts
(08) Balancing the Trial Balance
(09) More Accounting Concepts
(10) Some Quiz Questions
(11) Adjusting Entries (Deferrals)
(12) Adjusting Entries (Accruals)
(13) Quiz (Adjusting Entries) Part 1
(14) Quiz (Adjusting Entries) Part 2
(15) Adjusted Trial Balance
(16) Preparing Financial Statements
(17) Closing the Accounts
(18) Closing The Accounts (Example)
(01) Current and Non-Current Assets
(02) Current and Non-Current Liabilites
(03) Accounting for Merchandising Operations
(04) Perpetual and Periodic Recording
(05) Merchandising Accounting- Quiz Question (Part 1)
(06) Merchandising Operations- Quiz Question (Part 2)
(07) Different Types of Inventories
(08) Goods in-transit (Quiz Question)
(09) Errors in Computing Inventory
(10) Inventory Costing Method
(11) Inventory Costing (Quiz Question)
(12) Estimating Inventory Methods
(13) Estimating Inventory- GP Method (Quiz Question)
(14) Estimating Inventory- Retail Method (Quiz Question)
(15) Merchandise Operations and Inventory Costing (MCQs)
(16)Petty Cash (Concept and Example)
(17) Bank Reconciliation Statement
(18) Bank Reconciliation (Quiz Question)
(19) Accounts Receivables
(20) Valuing Accounts Receivables (Write-off & Allowance)
(21) Accounting for Receviables (Quiz Questions)
Accounting commonly known as POFA in LUMS is a course that usually becomes nightmare for freshmen. For students who haven’t studied accounting previously, a simple debit-credit jargons horrify them. On the other hand, students who have already studied accounting previously took this course lightly and thus end up getting low grade due to over-confidence. This course is specially designed in a way that each concept is covered precisely so that you don’t need to search for a concept from number of pages or slides. Moreover, the course contains practice questions as well as past quiz questions that will familiarize students with exam pattern.
What you'll learn
336+ students are Recommending this Course