CA Inter | Advanced Accounting | Revision Video | AS 7 | Part 2

[@mrabhilashchy3868]

00:05 Understanding provisions for foreseeable losses 01:20 Discussion on provision requirements and cancellation in case of contract loss. 02:19 Understanding provision in Profit and Loss account 03:10 Understanding the format of Loss 04:00 Understanding Initial Agreed Amount in Contract Revenue 04:58 Reasons for revision and their impacts 06:01 Recovery of Expenses and Claims in Contracts 06:59 Understanding incentives and penalties in contracts 07:58 Contractor and client both need to agree on scope of work. 08:53 Understanding the terms of the contract is essential for determining revenue 09:47 Recognizing revenue is crucial for financial reporting

[@afsanabegum4717]

Hello sir My name Afsana begum I have purchased your book advance accounting in that only problem and solution is there And in Book you have mentioned based para number so I'm not understanding that Please help me in this It will really great helpful... Thanks

[@parthmittal2047]

refer handwritten notes for theory. 242A B & C are for practice