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Financial accounting app is free app to explore business and economy. Using this app study basic & advanced concepts of financial accounting .It is designed to learn financial accounting basics for management,commerce professionals and students.Accounting is backbone for financial,business & trade. It almost cover all important topics 

Unit – 1 

Definition of Financial Accounting 
Development and objectives of accounting 
Basic Concepts 
Postulates and Conventions of accounting 
Sub-division of journal 
Preparation of trial balance 
Final Accounts Preparation of manufacturing 

Unit – 2 

Accounting of Non-Trading Institutions 
Concept of depreciation 
methods of depreciation Depreciation accounting 
Depreciation policy 
Consignment Accounts 

Unit – 3 

Higher-purchase and installment purchase system 
Legal provision regarding hire-purchase contract 
Branch Accounts system

Unit – 4 

Essential characteristics of partnership 
Partnership deed 
Final Accounts 
Adjustments after closing the accounts 
Fixed and fluctuation capital 
Goodwill & Joint Life Policy 
Change in Profit Sharing Ratio 

Unit – 5 

Amalgamation of partnership firms 
Dissolution of a partnership firm-Modes of dissolution of a firm 
Insolvency of partners 
Sale of firm to a company


Financial Accounting

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