Advanced Financial Accounting

Departmental Accounts: Advantage of Departmental Accounting, Allocation of Departmental Expenses, Distinction between Departmental Accounts and Branch Accounts, Cost Based Transfer Price, Market Based Transfer Price, Ascertainment of Departmental Profit

Branch Accounts: -Difference between Branch and Departmental Accounts,

Dependent Branches: Method of Accounting for Branch Transactions, Debtors System, Stock and Debtors System, Final Account System

Independent Branches: Incorporation of Branch Assets and Liabilities, Abridged Incorporation, Foreign Branches

Accounting for Investment: Fixed Income Bearing Securities, Variable Income Bearing Securities, Accounting Arrangement of Fixed Income Bearing Security, Purchase/Sale of Investment on the Date of Payment of Interest

Purchase/Sale of Investment before the Date of Payment of Interest

Adjustment for Equity Shares Investment Account

Insurance Claims-Claims under fire insurance policies, Claim for Loss of Stock, Claim for Loss of Profit

Value Added Accounting-Concept and Technique, Economic Value Added,  Market Value Added

Human Resources Accounting-Concept and Methods

Accounting for Price Level Changes: Meaning, Significance and Limitation, Various approaches and methods of accounting under changing price levels

International Financial Reporting Standards.: Introduction , Convergence of IAS with IFRS, Similarities and Difference of IFRS and IAS

Corporate Reporting and Information Disclosures: Concept of adequate disclosures, Methods of Disclosures, Indian Company Law and Disclosure Practice, Reporting for Investor and Employees. Social Responsibility Accounts.

Accounting Standards- Accounting Standards and Guidance Notes on Various Accounting Aspects issued by the ICAI and Advanced Problems thereon