ADVANCED ACCOUNTING

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

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)

Liquidation                                                                                                         

·         Meaning of Liquidation, Winding up by Court, Voluntary Winding Up, Preferential Payments,

·         Preparation of Statement of Affairs, Deficiency/Surplus Account

·         Liquidator’s Final Statement of Account, Receiver for Debenture Holder

·          B List of Contributories

Accounts of Insurance Companies                                                                            

·         Meaning of Insurance, Financial Statement of Insurance Companies, Accounts of Life Insurance Business.

·         Accounts of General Insurance Business

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