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Padhai By Astra Cloud

ACC201 Financial Accounting

Financial Accounting notes

8 chapter notes, in syllabus order. Each starts with the key points.

Unit 1 · 6 hrs

Introduction to Financial Accounting · note coming

Unit 2 · 8 hrs

Double-Entry System & Accounting Cycle: Rules, Journalizing & Trial BalanceUnit 2 of Financial Accounting explains the double-entry system, its rules, the accounting cycle (journal → ledger → trial balance), and how transactions are recorded. Learn with Nepali business examples, t-accounts, and real-world applications like eSewa’s transaction tracking or Daraz’s inventory accounting.9 min read

Unit 3 · 6 hrs

Journal and Ledger · note coming

Unit 4 · 8 hrs

Trial Balance, Financial Statements & Closing EntriesUnit 4 of Financial Accounting covers how to prepare a trial balance, identify errors, and construct income statements, balance sheets, and cash flow statements using double-entry data. Learn the accounting cycle, adjustments, and how financial statements reveal a business’s financial health.17 min read

Unit 5 · 6 hrs

Bank Reconciliation & Cash Management: Statements, Errors & ControlsUnit 5 of Financial Accounting covers bank reconciliation techniques (identifying discrepancies between books and bank statements), cash management strategies (imprest systems, petty cash), and controls to prevent fraud or errors—with real-world examples from Nepali banks (Nabil, Global IME) and apps (eSewa, Khalti).13 min read

Unit 6 · 8 hrs

Assets, Depreciation & Asset Valuation: Methods, Records & StatementsUnit 6 of Financial Accounting covers tangible and intangible assets, their classification, depreciation methods (straight-line, reducing balance, sum-of-years’ digits), disposal accounting, and how these affect financial statements. Includes real-world examples from Nepali businesses (e.g., Daraz warehouses, Ncell tow11 min read

Unit 7 · 6 hrs

Liabilities, Equity & Capital: Types, Accounting & Real-World ImpactUnit 7 of Financial Accounting explores how businesses record and manage liabilities (debts) and equity (owner’s claims), including current vs. long-term liabilities, share capital, reserves, and dividend accounting—with Nepali business examples and exam-focused techniques.9 min read

Unit 8 · 6 hrs

Accounting Standards, GAAP, Cash vs. Accrual AccountingUnit 8 of Financial Accounting explores accounting standards (IFRS, GAAP, Nepal’s AS), their principles, and the critical difference between cash-basis and accrual accounting, including their impact on financial statements and compliance.15 min read

Unit 9 · 8 hrs

Income Statement and Comprehensive Income · note coming

Unit 10 · 6 hrs

Transactions, Accounting Equation & Double-Entry BasicsUnit 10 of Financial Accounting explains how transactions affect the accounting equation (Assets = Liabilities + Equity), the dual-effect principle, and how to record them using debits and credits—foundational skills for journal entries and ledgers.10 min read

Unit 11 · 8 hrs

Practical Accounting: Real-World Applications & Case StudiesUnit 11 of Financial Accounting synthesizes all prior concepts through practical scenarios—from Ncell’s revenue recognition to Daraz’s inventory valuation—using Nepali businesses (e.g., Kathmandu retail shops) to demonstrate GAAP compliance, error correction, and decision-making. Covers reconciliations, tax implication7 min read