Coming soon
Advanced Accounting
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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BCP-311 |
Advanced Accounting |
CO 81:Examine the regulatory environment in which the companies are formed and operate. CO 82:AnalyzeApplication of Accounting Standards CO 83:Examine the Special Aspects of Company Accounts and NBFC CO 84: Develop an ability to account for a range of financial accounting issues including Reorganization and liquidation of Companies
CO 85:Preparation of consolidated accounts for a corporate group. CO 86:Preparation of partnership accounts including LLP |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, assignments.
Learning activities for the students: Self-learning assignments, Effective questions, Giving tasks, Solving numerical problems
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual projects |
Application of Accounting Standards:
• AS 4: Contingencies and Events Occurring After the Balance Sheet Date
• AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in
Accounting Policies
• AS 7: Construction Contracts
• AS 9: Revenue Recognition
• AS 14: Accounting for Amalgamations
• AS 17: Segment Reporting
• AS 18: Related Party Disclosures
• AS 19: Leases
• AS 20: Earnings Per Share
• AS 22: Accounting for Taxes on Income
• AS 24: Discontinuing Operations
• AS 26: Intangible Assets
• AS 29: Provisions, Contingent Liabilities and Contingent Assets.
• Special Aspects of Company Accounts Accounting for employee stock option plan;
Buy back of securities; Equity shares with differential rights.
• Banking Companies and Non-Banking Financial Companies and regulatory
requirements thereof.
• Reorganization and liquidation of Companies Accounting for amalgamation (excluding inter-company holding) and reconstruction; Accounting involved in liquidation of companies.
• Consolidated Financial Statements Concept of consolidation and simple problems on Consolidated Financial Statements with single subsidiary (excluding problems involving acquisition of Interest in Subsidiary at Different Dates; Different Reporting Dates of Holding and Subsidiary; Disposal of a Subsidiary and Foreign Subsidiaries).
• Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership.
• Modern Accountancy-AMukharjee, MHanif. (Tata Mc- Graw-Hill)
• Advanced Accountancy-B.M Agarwal (Suchitra Publication)
• Study Material Published by Institute of Chartered Accountants of India
• Accountancy- PC Tulsian (Tata Mc- Graw-Hill)
• An Introduction to Accountancy- S.N Maheshwari(Vikash Publishers)
• Fundamental of Accounting-Dr T P Ghosh,(Sultan Chand& Sons)
• Financial Accounting-R.L Gupta, V.K Gupta( Sultan Chand& Sons)
• Scanner-Arun Kumar(Suchitra Prakashan (P) Ltd)
• Fundamentals of Financial Accounting- Dr Ashok Sehgal, Dr Deepak Sehgal (Taxman’s)
• Scanner-Arun Kumar(Suchitra Prakashan (P) Ltd)
