Log In
Sign Up for Free Trial
Paper 5

Financial Accounting

About Financial Accounting

Financial accounting is the branch of accounting that keeps track of a company’s financial transactions resulting from business operations.These are presented in the form of financial reports or statements such as Profit & Loss Account, Trail Balance or Balance Sheets.These reports are used to inform outside stakeholders such as investors, creditors and tax authorities to understand the company’s business performance.
If you want to become a cost management accountant, you need to achieve expertise in the domain of financial accounting.It builds on the concepts learned from CMA Foundation (Fundamentals of Accounting). At foundation level, you were introduced to Fundamentals of Accounting. Here, you get a working knowledge of the accounting concepts involved in Financial Accounting. You also learn how to present and construct financial statements that are understandable to the relevant stakeholders.Special emphasis is given to accounting in the computerised environment 

Exam Information

Duration:         3 hours

Weightage:         100 Marks


CA Chinmaya Hegde


CA Rochelle Dsa


CA Srikanth M S


CA Malaya Kumar Panda

Question Paper Dec 2018
Question Paper June 2019

Financial Accounting

1 Fundamentals of Accounting

Lecture icon  22 Lectures                      Know More

2 Accounting for Special Transactions

Lecture icon  35 Lectures                      Know More

3 Preparation of Financial Statements of Profit Oriented Organizations

Lecture icon  7 Lectures                      Know More

4 Preparation of Financial Statements of Not-for Profit Organizations

Lecture icon  9 Lectures                      Know More

5 Preparation of Financial Statements from Incomplete Records

Lecture icon  7 Lectures                      Know More

6 Partnership

Lecture icon  32 Lectures                      Know More

7 Self Balancing Ledger

Lecture icon  4 Lectures                      Know More

8 Royalties

Lecture icon  5 Lectures                      Know More

9 Hire-Purchase and Installment System

Lecture icon  4 Lectures                      Know More

10 Branch and Departmental Accounts

Lecture icon  12 Lectures                      Know More

11 Computarised Accounting System

Lecture icon  1 Lectures                      Know More

12 Accounting Standards

Lecture icon  12 Lectures                      Know More

2 Accounting for Special Transactions

Lecture icon  3 Lectures                      Know More

7 Self Balancing Ledger

Lecture icon  2 Lectures                      Know More

Choose Your Plan

₹ 3,500/-*


30 Days

₹ 17,220/-*


180 Days

₹ 29,850/-*


360 Days

Gold Plus
₹ 40,950/-*


540 Days

Explore Our  Plans


Become a LearnCab Member

Learn on the go!

Credit system allows you to plan your learning smartly and with flexibility. Watch the video to find out more about how the credit system works, and how you can leverage this for your success. Learn More


Android App   iOS App



Request a Call Back

Our subject matters experts will get back to you if you have any questions regarding our course content