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Advanced Accounting
Paper Code:
AAF 413
Credits:
3
Contact Hours:
45.00
Max. Marks:
100.00
Objective:
The objective this course is to gain expert knowledge of principle and procedure of accounting and their application in different practical situations.
9.00
Internal and External Reconstruction- Alteration of Share Capital, Conversion of Fully Paid Shares into Stock and Stock into Shares, Objectives of Capital Reduction, Procedure, Accounting Arrangement
9.00
Amalgamation- Forms of Amalgamation, Motive for Amalgamation,
Calculation of Purchase Consideration, Methods of Accounting for Amalgamation: Pooling of Interests Method, Purchase Method
Distinction between Pooling of Interests Method and Purchase Method, Accounting for Amalgamation (Excluding Inter Company Investments)
9.00
Liquidation: Meaning of Liquidation, Winding up by Court, Voluntary Winding Up,
Preferential Payments, Preparation of Statement of Affair, Deficiency/Surplus Account,
Liquidator’s Final Statement of Account, Receiver for Debenture Holder, B List of Contributories
9.00
Accounts of Insurance Companies: Meaning of Insurance, Financial Statement of Insurance Companies, Accounts of Life Insurance Business, Accounts of General Insurance Business
9.00
Banking Company Accounts: Meaning of Banking, Types of Banks,
Requirement as to strong financial management, Preparation and Presentation of Financial Statements of Banks, Collection of Bills of
Exchanges of Customers, Discounting of Bills of Exchange of Customer, Rebate on Bills of Exchange Discounted, Classification of Assets
Essential Readings:
- Advance Accountancy- Jain, Khandelwal, Pareek( Ajmera Book Company) Modern Accountancy- A. Mukharjee& M. Hanif(Tata McGraw Hill)
- Corporate Accounting-S.N. Maheshwari and S.K. Maheshwari(Vikash Publishing House Pvt Ltd)
References:
- Advanced Accounting-R.L Gupta, M Radhaswamy(S. Chand& Sons New Delhi) Accounting Theory-L.S Porwal(Tata,McGraw Hill)
- Advanced Accounts-Shukla, Grewal, Gupta(S.Chand)
- Advanced Accountancy-S.N Maheshwari(Vikas Publishing House Pvt Ltd)
Academic Year:
