- 1x (Normal)
Departmental Accounts Introduction4:58
Apportionment of Expenses4:56
Departmental Accounts Problem 132:46
Departmental Accounts Problem 211:28
About This Class
An organisation may produce or buy and sell several products or perform different services under the same roof or from the same premises. The modern practice is to divide the organisation into independent departments, each of which may deal in a particular class of goods or render a specialised type of service. For example, a ready made garments firm may be divided into tailoring and selling departments; a departmental store may be divided into textiles, provisions, durable goods departments etc.
When accounts are finalised at the end of the year, the usal method of trading and profit and loss account is not suitable for such organisations. The owners or the management may desire to ascertain the trading results of each department and the overall result of the organisation.
The method of accounting which is followed to obtain such results is known as Departmental Accounting.
In this course, you will learn each and every aspects of Departmental Accounting
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.