Advanced Accounting II

Paper Code: 
24BCP311
Credits: 
06
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

To acquire the ability to apply specific accounting standards and legislations to different transactions and events and in preparation and presentation of financial statements of various business entities

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

title

24BCP311

Advanced Accounting II

(Theory)

 

CO 1Examine the regulatory environment in which accounting is done as per AS 4, 5, 7 and 9 for revenue recognition, construction contracts, contingencies and prior period items.

CO 2Analyze employee benefits, segment reporting, related party disclosures and leases  as per AS 15,17 ,18 and 19

CO 3Preparation of consolidated accounts for a corporate group and investments as per AS 21 and 23 and financial reporting of interests in joint ventures as per AS 27.

CO 4Examine the Special Aspects of accounting for taxes, discontinued operations, interim financial reporting and Intangible assets as per AS 22,24,25 and 26

CO 5Develop an ability to account for EPS, Impairment of assets and contingencies as per AS 20, 28 and 29.

CO 6Contribute effectively in course specific interaction.

Approach in teaching:

Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations

 

Learning activities for the students:
Self-learning assignments, Case Study Analysis, Presentations, Group Discussions

 

Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects.

 

18.00
Unit I: 
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

 

18.00
Unit II: 
Accounting Standards
  • AS 15 Employee Benefits
  • AS 17 Segment Reporting
  • AS 18 Related Party Disclosures
  • AS 19 Leases

 

 

18.00
Unit III: 
Accounting Standards
  • 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)
  • AS 23 Accounting for Investment in Associates in Consolidated Financial Statements
  • AS 27 Financial Reporting of Interests in Joint Ventures

 

18.00
Unit IV: 
Accounting Standards
  • AS 22 Accounting for Taxes on Income
  • AS 24 Discontinuing Operations
  • AS 25 Interim Financial Reporting
  • AS 26 Intangible Assets

 

18.00
Unit V: 
Accounting Standards
  • AS 20 Earnings per Share
  • AS 28 Impairment of Assets
  • AS 29 Provisions, Contingent Liabilities and Contingent Assets

 

Essential Readings: 

• Study Material Published by Institute of Chartered Accountants of India

References: 

SUGGESTED READINGS:

  • 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:

 

JOURNALS:

  • The Chartered Accountant Journal
  • /ICAI Student Journal

 

Academic Year: 
2024-2025
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