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 Affair,
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