Accountancy - Class XII Resources

The following list of online resources are provided as a sample of curated resources. New resources shall be added as we come across interesting and relevant online materials.

1. Concept of Tax 

Description: The resource provides audio visual concept of tax, importance of filing tax and responsibilities to file tax.

Core Concepts: Concept, importance and responsibilities of manager to file tax.

Link: Video on concept of tax

2. Sales Tax

Description: The resource provides learning concept of sales tax and its journal entries.

Core Concepts: Sales tax, accounting for tax collected from customer and accounting for purchases.

Link: Webpage on the basics of sales tax accounting

3. Current Tax & Accounting for Income & Taxable Income

Description: The resource provides comprehensive summary of the concept of current tax, accounting income and taxable income.

Core Concepts: Concept & measurement of current tax, accounting income & taxable income, and current tax versus deferred tax.

Link: Webpage on current tax and accounting

4. Deferred Tax

Description: The resource provides the concept of deferred tax.

Core Concepts: Deferred tax.

Link: Webpage on deferred tax

5. Current Tax and Tax Liability

Description: The resource provides comprehensive questions on current tax and tax liability.

Core Concepts: Calculations current tax and deferred tax.

Link: Webpage on current tax and tax liability

6. Business Income Tax

Description: The resource provides audio visual concept of business income tax.

Core Concepts: Business tax.

Link: Video on business basics: income and provisional tax

7. Ethics of Tax

Description: The resource provides audio visual concept of ethics of income tax.

Core Concepts: Ethics of income tax.

Link: Video on ethics of tax

8. Introduction to Payroll

Description: A video brief introduction on payroll.

Core Concepts: Meaning of payroll, gross pay, allowances and deductions.

Link: Video on introduction to payroll

9. Difference Between Salary & Wages

Description: A video clip on differences between salary and wages.

Core Concepts: Meaning of salaries and wages. Differences between salary and wages.

Link: Video on differences between salary and wages

10. Quiz on Payroll

Description: Quiz on payroll.

Core Concepts: Components of payroll.

Link: Webpage on payroll

11. Salary Sheet

Description: PDF form for employees salary sheet.

Core Concepts: Preparation of payroll and reporting on financial statements.

Link: PDF on salary sheet

12. Vlookup Function

Description: Use the video to learn Vlookup function used while preparing payslip.

Core Concepts: Payslip.

Link: Video on Vlookup function

13. Module 16 – Investment Property

Description: The resource provides comprehensive summary of the concept of investment property.

Core Concepts: Concept, recognition, measurement, accounting treatment and disclosure of investment property.

Link: PDF on module 16 - investment property

14. Summary of IAS 40 Investment Property

Description: The resource provides audio visual concept of investment property.

Core Concepts: Concept, recognition, measurement, accounting treatment and disclosure of investment property.

Link: Video on summary of IAS 40 investment property

Description: The resource provides audio visual concept of investment property.

Core Concepts: Concept, recognition, measurement, accounting treatment and disclosure of investment property.

Link: Webpage on summary of IAS 40 investment property

15. Common Errors when Accounting for Investment Property (IAS 40)

Description: The resource provides some common errors committed when accounting for investment property.

Core Concepts: Errors in accounting of investment property.

Link: Webpage on common errors when accounting for investment property (IAS 40)

16. Investment Property

Description: The resource provides simplified version of the concept of investment property.

Core Concepts: Concept, recognition, measurement, accounting treatment and disclosure of investment property.

Link: Webpage on investment property

17. Accounting for Transfer of Owner Occupied Property Under Revaluation Model to Investment Property

Description: The resource provides accounting treatment for transferring property from owner occupied to investment property.

Core Concepts: Accounting treatment of investment property.

Link: Webpage on accounting for transfer of owner occupied property

18. Accountancy For Class XII

Description: The resource provides detail concepts.

Core Concepts: Concept, recognition, measurement, accounting treatment and disclosure of investment property.

Link: Weblink on Accountancy for class XII

19. IAS 17: Leases

Description: The resource provides summary of lease accounting.

Core Concepts: Concept of investment property.

Link: Webpage on IAS 17: Leases

20. Is hotel an Investment Property under IAS 40?

Description: The resource provides significance of ancillary services.

Core Concepts: Concept of ancillary services relating to investment property.

Link: Webpage on is hotel an investment property under IAS 40?

21. IAS 38: Intangible Asset or Expense

Description: The resource provides comprehensive summary of the concept of intangible assets.

Core Concepts: Concept, recognition, measurement, accounting treatment and disclosure of intangible assets.

Link: Webpage on intangible assets or expense

22. How to Account for Intangible Assets Under IAS 38

Description: The resource provides summary of the concept of intangible assets for easy learning.

Core Concepts: Concept, recognition, measurement, accounting treatment and disclosure of intangible assets.

Link: Webpage on how to account for intangible assets 

23. Impairment of Assets

Description: The resource provides concept of impairment of assets.

Core Concepts: Impairment of intangible assets.

Link: Webpage on impairment of assets

24. IAS 38 – Intangible Assets

Description: The resource provides audio visual concept of Intangible Assets in summary form.

Core Concepts: Concept, recognition, measurement, accounting treatment and disclosure of intangible assets.

Link: Video on intangible assets

25. Government Grants (IAS 20)

Description: The resource provides simplified version of the concept of government grants.

Core Concepts: Concept, recognition, measurement, accounting treatment and disclosure of government grants.

Link: Webpage on how to account for government grants (IAS 20)

Description: The resource provides audio visual concept of intangible assets in summary form.

Core Concepts: Concept, recognition, measurement, accounting treatment and disclosure of government grants.

Link: Video on IAS 20 – government grants

26. Summary of IAS 37 Provisions (Chapter 5)

Description: The resource provides audio visual summary of the concept of provisions and contingencies.

Core Concepts: Concept, recognition, measurement, accounting treatment and disclosure of provisions and contingencies.

Link: Video on summary of IAS 37 provisions

27. Summary of IAS 37 Provisions, Contingent Liabilities and Contingent Assets

Description: The resource provides summary of the concept of provisions and contingencies.

Core Concepts: Concept, recognition, measurement, accounting treatment and disclosure of investment property.

Link: Webpage on provisions, contingent liabilities and contingent assets

28. How to Account for Provisions – Practical Questions

Description: The resource provides some practical solutions to problems.

Core Concepts: Practical solutions.

Link: Webpage on how to account for provisions?

29. Equity Shares

Description: The resource provides features, advantages and disadvantages of equity shares.

Core Concepts: Concept of equity shares.

Link: Webpage on equity shares

30. Preference Share

Description: The resource provides meaning, characteristics and advantages of preference shares.

Core Concepts: Concept of preference shares.

Link: Webpage on preference share

31. Bonus Shares

Description: The resource provides on the accounting treatment of bonus shares.

Core Concepts: Treatment of equity shares.

Link: Webpage on bonus shares

32. Rights Issue

Description: The resource provides on the accounting treatment of rights issue.

Core Concepts: Treatment of equity shares.

Link: Webpage on right issue

33. Debt Securities

Description: The resource provides meaning and characteristics of debt securities.

Core Concepts: Concept of debt securities.

Link: Webpage on debt securities

34. IAS 7 – Statement of Cash Flow

Description: The resource provides concept of treasury bills and commercial paper.

Core Concepts: Concept of debt securities.

Link: Webpage on statement of cash flow

35. Partnership & Features

Description: Introduction to partnership form of business and its features.

Core Concepts: Meaning, features, & partnership agreement.

Link: Video on partnership accounting

36. Partnership Business

Description: More literature on partnership business.

Core Concepts: Meaning, features, allocation of salary, interest on capital and distribution of profits and loss.

Link: PDF on partnership business

37. Classes and Types of Adjusting Entries

Description: The resource provides adjusting entries required for preparation of adjusted trail balance.

Core Concepts: Concept and preparation of adjusted trial balance.

Link: Webpage on classes and types of adjusting entries

38. Conceptual Framework for the Financial Reporting 2018

Description: The resource provides objectives and concepts required for reporting purpose.

Core Concepts: Concept and objectives for reporting financial statements.

Link: Webpage on conceptual framework for the financial reporting

39. IAS1-Presentation of Financial Statements

Description: The resource provides guidelines and reporting of financial statements.

Core Concepts: Guidelines and requirement for the presentation of financial statements.

Link: Webpage on presentation of financial statements

Description: The resource provides audio visual guidelines and reporting of financial statements.

Core Concepts: Guidelines and requirement for the presentation of financial statements.

Link: Video on presentation of financial statements

40. How to Classify Expenses in Income Statement Under IFRS?

Description: The resource provides classifying expenses by nature and function when preparing income statement.

Core Concepts: Preparation of income statement.

Link: Webpage on classifying expenses by nature and function

41. Current or Non-Current

Description: The resource provides distinguishing between current and non-current when preparing statement of financial position.

Core Concepts: Preparation of statement of financial position.

Link: Webpage on current or not current

42. IAS 7 – Statement of Cash Flow

Description: The resource provides concepts on preparation of cash flow statement.

Core Concepts: Concept on preparation of cash flow statement.

Link: Webpage on statement of cash flow

Description: The resource provides audio visual concept on preparation of cash flow statement.

Core Concepts: Concept on preparation of cash flow statement.

Link: Video on statement of cash flow

43. Preparation of Statement of Cash Flow in 7 steps

Description: The resource provides steps on preparation of cash flow statement.

Core Concepts: Preparation of cash flow statement.

Link: Webpage on statement of cash flow in 7 steps

44. Preparation of Cash Flow Statement in Spreadsheet

Description: The resource provides steps on preparation of cash flow statement.

Core Concepts: Using spreadsheets to prepare cash flow statement.

Link: Webpage on preparation of cash flow statement in spreadsheet

45. Trial Balance Mapping for Financial Statements

Description: The resource provides excel template of financial statements.

Core Concepts: Using spreadsheets to prepare financial statement.

Link: Webpage on trial balance mapping for financial statement

46. More Information on Cash Flow

Description: The resource provides in depth information on cash flow statement.

Core Concepts: Concept, preparation and reporting of cash flow statement.

Link: PDF on cash flow

47. Purpose of Financial Analysis

Description: Provides audio visual of needs and purpose of financial statement analysis.

Core Concepts: Needs and purpose, and users of analysis.

Link: Video on financial analysis

48. Trend Analysis

Description: The resource provides audio visual concept of trend analysis.

Core Concepts: Concept, formula and preparation of trend analysis.

Link: Video on trend analysis

49. Common Size Analysis

Description: Provides audio visual concept of common size analysis.

Core Concepts: Concept, preparation and interpretation of common size analysis.

Link: Video on common size analysis

Description: Provides basic concepts on common size analysis.

Core Concepts: Concept of common size analysis, common size balance sheet (financial position statement) and common size income statement.

Link: Webpage on common size analysis

50. Ratio Analysis

Description: Provides audio visual concepts on ratio analysis.

Core Concepts: Concept, source of data to ascertains ratios, key stages of ratio analysis and types of ratio analysis.

Link: Video on radio analysis

51. Profitability Ratio

Description: Provides audio visual summary concepts of Profitability ratio.

Core Concepts: Concept and types of profitability ratio.

Link: Video on profitability ratio

52. Return on Capital Employed

Description: Provides audio visual concepts of return on capital employed.

Core Concepts: Concept of capital employed.

Link: Video on return of capital employed

53. Liquidity Ratio

Description: Provides audio visual summary concepts of liquidity ratio.

Core Concepts: Concept and types of liquidity ratio.

Link: Video on liquidity ratio

54. Activity Ratio

Description: Provides audio visual summary concepts of activity ratio.

Core Concepts: Concept and types of activity ratio.

Link: Video on activity ratio

55. Gearing Ratio

Description: Provides audio visual summary concepts of gearing ratio.

Core Concepts: Concept and types of gearing ratio.

Link: Video on gearing ratio

56. Stores Ledger

Description: The resource provides audio visual concept of stores ledger.

Core Concepts: Concept and its types on store ledger.

Link: Video on stores ledger

57. Inventories

Description: The resource provides audio visual summary of inventories.

Core Concepts: Concept, measurement, cost formulae and journal entries for sale of inventories.

Link: Video on inventories

58. IAS 2- Inventories

Description: The resource provides summary of the concept of inventories.

Core Concepts: Concept, measurement, expenses recognition and disclosure of inventories.

Link: Video on IAS 2- inventories

59. Inventory System

Description: The resource provides audio visual summary of inventory system.

Core Concepts: Concept inventory, system, periodic and perpetual system.

Link: Webpage on inventory system

60. FIFO

Description: The resource provides concept of FIFO method.

Core Concepts: Concept of FIFO method and its example.

Link: Webpage on FIFO

61. Weighted Average Price

Description: The resource provides concept of weighted average price method.

Core Concepts: Concept of weighted average method and formula to calculate WAC.

Link: Webpage on weighted average price

62. Summary Inventories

Description: The resource provides summary of inventories.

Core Concepts: Inventories.

Link: Webpage on summary inventories

63. Budgeting Activities for Students

Description: The resource provides some fun learning activity for students.

Core Concepts: Concept of budgeting.

Link: Webpage on budgeting activities

64. Master Budget

Description: The resource provides preparation of all required budgets.

Core Concepts: Preparing of master budget.

Link: Webpage on master budget