Conpany Accounts and Auditing Practices-I

Share Capital Transactions

• Issue of Shares: at Par, at Premium, at Discount, on Conversion and for consideration other than Cash; Forfeiture and Re-issue of Shares, Buyback of Shares, Redemption and Conversion of Preference Shares, Bonus Shares, Rights Issue, ESOPs, Sweat Equity Shares

• Alteration of Share Capital

• Underwriting of shares

Debentures

• Issue of Debentures: at Par, at Premium, at Discount and for consideration other

than Cash

• Accounting Treatment and Procedures

• Redemption of Debentures

• Conversion of Debentures into Shares

Final Accounts of Companies

• Conceptual Framework, Preparation and Presentation of Financial Statements, Schedule VI, Interpretation and Scrutiny of Balance sheet

• Treatment of Profit Prior to Incorporation,
• Preoperative and Preliminary Expenses
• Preparation of Final Accounts under Company Law.

Corporate Restructuring

• Concept and Accounting Treatment as per AS
• Methods of Amalgamations Accounting

1.    The Pooling of Interests Method
2.    The Purchase Method

       • Consideration

      • Treatment of Reserves, Goodwill and Pre- Acquisition & Post-Acquisition Profit

      • Accounting in the books of Transferor and Transferee

•Merger and De-merger

• Acquisition of Business

• Internal Reconstruction

Auditing Concepts

• Nature, Scope and Significance of Auditing

• Basic Principles Governing an Audit

• Overview of Auditing and Assurance Standards- National and International

Types of Company Audit

• Statutory Audit

• Internal Audit

• Branch Audit

• Joint Audit

• Special Audit

• CAG Audit