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ADVANCED ACCOUNTING
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Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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CO 82:Examine the regulatory environment in which the companies are formed and operate. CO 83:Analyze Application of Accounting Standards CO 84:Examine the Special Aspects of Company Accounts and NBFC CO 85: Develop an ability to account for a range of financial accounting issues including Reorganization and liquidation of Companies CO 86:Preparation of consolidated accounts for a corporate group. CO 87:Preparation of partnership accounts including LLP |
Interactive Lectures, Discussion, Tutorials, assignments. 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.
Study Material Published by Institute of Chartered Accountants of India
• PC Tulsian, Accountancy (Tata Mc- Graw-Hill)
• S.N Maheshwari, An Introduction to Accountancy (Vikash Publishers)
• Dr T P Ghosh, Fundamental of Accounting-(Sultan Chand& Sons)
• R. L Gupta, V.K Gupta, Financial Accounting, (Sultan Chand& Sons)
• Arun Kumar Scanner ,Suchitra Prakashan(P) Ltd
