Aneel Irshad
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Aneel Irshad

Expert in: Accounting    
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Languages: English
My expertise are in Financial Accounting,Cost Accounting, Auditing and Economics.
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Degrees

CA Finalist with Bachelor of Commerce

My Expert Service

FINANCIAL ACCOUNTING: Preparation of journal, ledger accounts, trial balance, balance sheet, trading and profit and loss account, Cash flow statement and statement of changes in equity of sole proprietorships, partnerships and joint stock companies engaged in any kind of business like trading, manufacturing, Insurance, Banking, Mining, hire purchase, construction and services providers. Accounts of non-trading concerns, Departmental accounts, Branch accounts, Consignment accounts, Joint venture accounts and accounts from incomplete records. Company accounts matters like Shares, share capital, Right and bonus issues, debentures etc. Bank reconciliation statements, ratio analysis, bad debts Provisions, capital and revenue, rectification of errors, depreciation and amortization calculations and understanding, interpretation and application of International Financial Reporting Standards (IFRSs). COST ACCOUNTING: Cost concepts and classification, Costs accounting uses, Fundamentals of a cost accounting system, chart of accounts, Cost accounting cycle, Perpetual and periodic inventory system, Factory ledger and general ledger, Job order costing, Process costing (Cost of production report), By- Product and Joint Product Costing, Controlling and Costing of materials- Store ledger cards, LIFO, FIFO, AVCO and other methods, costing for scrape, spoiled and defective goods, Costing of Labour- Daily performance/ efficiency report for labour, wages payment plans, bonus and overtime payments, Factory overheads- Predetermined, applied and actual, Departmentalisation of factory overheads- Appropriations and allocation, Budgeting- for Profits, Sales, Costs, Expenses, Cash Budgets, Flexible Budgets, Marginal and Absorption costing, Cost and Profit analysis- Break even, cost volume analysis, differential cost analysis. AUDITING: Introduction, why audit, objectives and general principles, advantages, disadvantages, and types of audit, Rights and duties, qualities, liabilities, appointment, remuneration and removal of auditor, Responsibility of preparing financial statements, Responsibility of auditor and management, True and fair view of financial statements, going concern, Engagement, Management and representation letters, Stages of audit, audit planning, audit program and audit working papers, internal control, internal audit and internal check, Substantive procedures, test of controls, materiality, audit risk, audit evidence, sampling, vouching and verification of income, expenses, assets and liabilities, Fraud and error, using and reliance of work of other auditor, internal auditor and experts, audit review, types. Purpose, contents, objectives, qualities of auditor’s report, types, reasons and basis of auditor’s opinion, Subsequent events and understanding, interpretation and application of all International Auditing Standards(IASs). ECONOMICS: Micro Economics: Micro economics and its tools, Law of diminishing marginal utility, law of equi marginal utility, indifference curve, budget line, consumer’s equilibrium, income effect, price effect, substitution effect, theory of demand and elasticity of demand, supply and elasticity of supply, Theory of production, law of variable proportions, Isoquants and properties of isoquants, Laws of return to scale, Theory of costs, Short and long run cost concepts and curves, Perfect competition, imperfect competition, monopoly, monopolistic competition, duopoly and oligopoly, theory of factor pricing. Macro Economics: National Income, classical and Keynes theory of income and employment, general equilibrium in Goods and Money markets, Aggregate demand and aggregate supply, Inflation and unemployment, Theory of Investment, trade and business cycles.

Experience & Qualifications

2 years experience with Chartered Accountant firms. 5 years experience of teaching Financial Accounting, Cost Accounting, Auditing and Economics.

Available Modes Of Communication

email/chat

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