Learn Accounting Basics - Tax, Accounts Concepts

If you want to learn accounts from basics to advance, then this app is for you

Accounts Master is all about learning accounts for free. If you want to understand all concepts of accounts subjects and want to learn from basic terms to each and every advanced topics in detail, then this app is for you.

In most of the schools and colleges, the account is a subject and for every commerce student or even a businessman, learn accounting is one of the basic and crucial steps to achieve success. As the whole economy is dependent on it in terms of valuation, at least you should know the basics of accounting to understand the world of economy, bookkeeping, and commerce.

Each and every topic we covered will be provided in detail with examples, format, and points for FREE!

Well, in Accounts Master, we covered the following topics:-

- Introduction to Accounting Principles

- Transactions and Accounting Equation

- Cash and Credit Transactions

- Purchases Returns Journal

- Cash Book

- Final Accounts

- Simple or Single Column Cash BookAnalysis of Business Transactions

- Journal, Ledger and Trial Balance

- Analysis of Business Transaction

- Double Entry System

- Single Entry System

- Rules of debits and credits

- Understand Journal

- Know about Ledger

- Accounting for Bills of Exchange

- Special Journals

- Types and Classification of Bill of Exchange

- Accounting Treatment of Bill of Exchange

- Discounting of a Bill of Exchange

- Three Column Cash Book

- Trial Balance - A Starting Point for Final Accounts

- Variable Costing Versus Absorption Costing System

- Income Comparison of Variable and Absorption Costing

- Meanings and Sources of Revenue

- Direct and Indirect Expenses

- Work Sheet

- Capital and Revenue Items

- Learn Accounting Basics

- bookkeeping

- Revenue Expenditures

- Valuation of Inventories

- Classification of Inventory

- Difference between Perpetual and Periodic Inventory System

- Basic Issues in Inventory Valuation

- Average Cost Method

- Definition of Non-profit Organizations

- Receipts and Payments Account

- Delivery Cycle TimeContribution Margin Ratio (CM Ratio)

- Contribution Margin Income Statement

- Break-even Point Analysis

- Purchases Journal

- Sales Journal

- Double Column Cash BookAccounting Ratios Analysis

- Steps in Preparing Cash Flow Statement

- Difference Between Cash Book and Receipt and Payment Account

- Income and Expenditure Account

- Cash Flow Statement

- Meanings, Nature and Usefulness of Ratios Analysis

- Managerial Accounting

- Financial Statements

- Cost Volume Profit Relationship

- Income statement

- Balance Sheet - Report Form

- Contribution Margin

- Balanced Scorecard

- Definition and Explanation of Balanced Scorecard

- Characteristics of Balanced Scorecard

- Variable Costing System

- Materials and Inventory Cost Control

- Advantages, Disadvantages, and Limitations of Variable Costing System

- Variable Costing and Theory of Constraints

- Need for Materials Cost Control

- Requirements for a System of Materials Control

- Stock Control

- Reorder Level

- Activity Based Costing System

- Standard Costing and Variance Analysis

- Definition and Explanation of Activity Based Costing

- Treatment of Costs Under Activity Based Costing (ABC) System

- Purposes and Advantages of Standard Costing System

- Setting Standards

- Materials Price Standard

- Throughput (Manufacturing Cycle) Time

- Activity Based Costing

- Activity Based Costing, GAAP and External Reports

- Definition and Explanation of Standard Cost

Features of Accounts Master:-

1.) A clean and fresh UI so that you will get the best user experience.

2.) Every topic is categorized so that you can find your desired topic easily without any hassle.

3.) Search facility - you can search for your desired concept so that your valuable time will not get wasted.

4.) Commenting and support - you can request if you want us to cover any specific info which we did not provide to Learn Accounting Basics.

5.) Continuous Updates- We are adding a fresh topic with the latest information regularly so that you will be properly guided.