ADVANCED ACCOUNTING

Paper Code: 
BCP 311
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

CO 72:Examine the regulatory environment in which the companies are formed and operate.

CO 73:Analyze Application of Accounting Standards

CO 74:Examine the Special Aspects of Company Accounts and NBFC

CO 75: Develop an ability to account for a range of financial accounting issues including Reorganization and liquidation of Companies

CO 76:Preparation of consolidated accounts for a corporate group.

CO 77:Preparation of partnership accounts including LLP

Interactive Lectures, Discussion, Tutorials, assignments. Self-learning assignments, Effective questions, giving tasks, Solving numerical problems

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual projects

 

18.00
Unit I: 
  • Application of Accounting Standards:
  • AS 7 Construction Contracts
  • AS 9 Revenue Recognition
  • AS 17 Segment Reporting
  • AS 18 Related Party Disclosures
  • AS 19 Leases

 

24.00
  • AS 20 Earnings Per Share
  • AS 22 Accounting for Taxes on Income
  • AS 24 Discontinuing Operations
  • AS 25 Interim Financial Reporting

 

18.00
  • AS 21 Consolidated Financial Statements of single subsidiaries (excluding problems involving acquisition of Interest in Subsidiary at Different Dates, Cross holding, Disposal of a Subsidiary and Foreign Subsidiaries)

 

15.00
  • AS 26 Intangible Assets
  • AS 28 Impairment of Assets
  • AS 29 Provisions, Contingent Liabilities and Contingent Assets

 

15.00
  • AS 23 Accounting for Investment in Associates in Consolidated Financial Statements
  • AS 27 Financial Reporting of Interests in Joint Ventures
  • AS 15 Employee Benefits

 

Essential Readings: 

Study Material Published by Institute of Chartered Accountants of India

References: 

• 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

E-RESOURCES:
https://www.icai.org/post.html?post_id=17773

JOURNALS:
The Chartered Accountant Journal /ICAI Student Journal

Academic Year: 
2023-2024
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