Top 5 Videos on Financial Statement of Companies: Advanced Accounting for CA Intermediate by PW

Financial Statement of Companies is an important chapter in CA Intermediate Advanced Accounting. You may find it difficult to classify assets and liabilities, apply Schedule III, prepare financial statements and understand the adjustments involved in practical questions. Revising Cash Flow Statements, Buyback and accounting standards together can also take time.

Physics Wallah videos help you understand these topics through concept explanations, trial-balance questions, practical adjustments and exam-focused revision. You can use these five videos to improve your understanding of company accounts, practise statement preparation and revise important accounting treatments before your CA Intermediate examinations.

Video 1: Complete Financial Statement Concepts and Schedule III in One Lesson

This video covers the Financial Statement of Companies through a complete concept-based video for CA Intermediate Advanced Accounting. You can revise the Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, Notes to Accounts and Schedule III. It also explains Ind AS, qualitative characteristics, exceptional and extraordinary items, borrowings, property, plant and equipment, investments, inventory, receivables, reserves, dividends, depreciation, revenue and expenses. 

Practical adjustment questions help you understand how different accounting items affect financial statements. Watch this video to build conceptual clarity, revise important classifications and connect accounting rules with their application in examination questions.

Video 2: Practise Schedule III Through Trial Balance Questions and Adjustments

Video 2 focuses on Schedule III presentation through practical trial-balance questions. You can learn how to classify revenue, income, employee benefits, finance costs, depreciation, expenses, assets, liabilities, reserves, borrowings, share capital, taxation and provisions. The session also covers ageing disclosures and adjustments that affect financial statements. Step-by-step question-solving helps you understand the difference between adjustments and disclosures and apply the correct presentation format. 

Watch this video when you have completed the basic concepts and want to improve your classification skills, adjustment accuracy and answer presentations through practical examination questions.

For additional practice with company accounts and financial statement concepts, refer to the Class 12 Accountancy notes for foundational revision.

Video 3: Revise Balance Sheet and Profit and Loss Formats with Practical Questions

Video 3 provides a complete overview of Financial Statement of Companies, starting with the purpose and components of financial statements. You can revise Schedule III, equity, liabilities, current liabilities, assets and the Statement of Profit and Loss. The video also explains disclosures, contingent liabilities, dividend rules and important adjustments. Three practical questions help you understand how these concepts are applied while preparing company statements.

Use this video to revise the chapter systematically, strengthen your understanding of statement components and identify the correct treatment of different accounting items when attempting CA Intermediate examination questions.

You can also refer to the UP Board Class 12 Accountancy syllabus 2026-27 to revisit foundational topics such as company financial statements, Balance Sheet classification and Cash Flow Statements.

Video 4: Master Cash Flow Statement and Buyback Through Exam-Based Practice

Video 4 combines Financial Statements of Companies with Cash Flow Statement and Buyback through focused question practice. You can revise the Balance Sheet, Statement of Profit and Loss, Cash Flow Statement treatment and an AS 3 case study. The session also covers three Buyback tests, amendment-related points and Accounting Standard applicability. These topics help you connect financial statement preparation with cash flow adjustments and company law requirements. 

Watch this video after completing the basic concepts to practise important applications, improve your understanding of accounting treatments and prepare for mixed-topic questions in CA Intermediate Advanced Accounting.

To understand how financial statement and Cash Flow Statement concepts appear in board-level questions, you can also review the CBSE Class 12 Accountancy Question Paper 2026.

Video 5: Connect Company Financial Statements with AS 12 and AS 20

Video 5 connects Financial Statement of Companies with Cash Flow Statement preparation and related accounting standards. You can revise the preparation and analysis of cash flows alongside AS 12 (Accounting for Government Grants) and AS 20 (Earnings Per Share). The lesson helps you understand how these standards relate to financial reporting and how different accounting treatments apply to practical situations. 

Watch this video when you have covered the main company accounts topics and want to revise connected standards. It can help you improve topic recall and apply relevant accounting principles while solving mixed examination questions.

These five PW videos cover Financial Statement of Companies through concept explanations, Schedule III practice, trial-balance adjustments, Cash Flow Statements, Buyback and accounting standards. You can use the longer lessons to understand the chapter and the question-based sessions to improve practical application. For additional revision, refer to the Class 12 Accountancy frequently asked topics for 2026 and Accountancy chapter-wise weightage for foundational financial statement concepts. Regular practice alongside these videos can help you improve accuracy, recall accounting treatments and present answers correctly in CA Intermediate examinations.