Accounting Standards Basics (Professional Course Level)
- 1x (Normal)
Accounting Standards Coverage3:00
What Accounting Standards does3:32
Benefits of Accounting Standards4:15
Limitations of setting Accounting Standards1:18
Convergence towards Global Accounting Standards5:35
International Accounting Standards Board2:33
IFRS as Global Standards2:00
Status of Accounting Standards1:44
Enterprises to which AS Apply1:49
Financial Items and Accounting Standards1:19
About This Class
Welcome to the course on Accounting Standards Basics .
This course is going to take you through the
of Accounting Standards.
So why at all Accounting Standards are required?
Accounting standards are necessary so that financial statements are meaningful across a wide variety of businesses; otherwise, the accounting rules of different companies would make comparative analysis almost impossible.
Accounting Standards reduces the scope for creative accounting. The creative accounting refers to twisting of accounting policies to produce financial statements favourable to a particular interest group.
Accounting Standards aim at improving the quality of financial reporting by promoting comparability, consistency and transparency, in the interests of users of financial statements.
With the emergence of trans-national corporations in search of money, not only for growth but also to sustain activities has necessitated raising of capital from all parts of the world. Hence, countries across the world are going towards single set of accounting standards in the interest of public. Global standards will facilitate cross border flow of money, global listing and comparability of financial statements.
This course may use technical terms related with accounting. Hence, the learner must have basic knowledge of accounting and financial statements.
This course is structured in self paced learning style.
Take this course to understand the basics of accounting standards.
I am a Chartered Accountant with tonnes of passion for teaching.
I teach Financial Management for Chartered Accountancy and Cost and Management Accountancy students in Ernakulam,India. and I teach 100+ Finance, Accounts, Costing, Banking, Credit Analysis, Statistics, etc. in Skillshare.
I also hold
- Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune
- Bachelors in Commerce, from Loyola College, Chennai.
I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice.
During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in
a) Financial Analysis
b) Risk Assessment
c) Viability Study
d) Evaluating business models
e) Project Finance
f) Working Capital Management, etc.
I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like
a) Project Finance
b) Credit Risk Assessment
c) Entrepreneurship Development
d) Finance for Non Finance Executives
e) Burning Desire for Entrepreneurship
I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.