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