Advanced Accounting

Conceptual framework for preparation and presentation of Financial Statements 10

Working knowledge 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 11: The effects of changes in foreign exchange rates (revised 2003)
AS 12: Accounting for government grants
AS 16: Borrowing costs
AS 19: Leases
AS 20: Earnings per share
AS 26: Intangible Assets
AS29: Provisions, contingent liabilities and contingent assets

Advanced issues in Partnership Accounts
Dissolution of Partnership Firms including Piecemeal Distribution of assets
Amalgamation of Partnership Firms, conversion into a company and sale to a company

Company Accounts
Accounting for employee stock option plan, buy back of securities, equity shares with differential rights, underwriting of shares and debentures, redemption of debentures.
Advanced problems for business acquisition, Amalgamation and reconstruction (excluding problems of amalgamation on Intercompany holdings)
Accounting involved in liquidation of companies, statement of affairs (including deficiency/surplus accounts) and liquidator’s statement of account of the winding up

Final Accounts of Banking, Insurance and Electricity companies
Accounting for special transactions:
Departmental and Branch Accounts Including Foreign Branches