Functional Accounting

Royalty Accounts: Meaning of Minimum Rent, Short Working,
Excess Working, Recoupment of Short Workings, Accounting in
the books of Lessee and Lessor, Sub Lease
Accounting for Lease: Financial and Capital Lease.

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

Hire Purchase and Installment Sale Transaction: Nature of
Hire Purchase Agreement, Ascertainment of Total Cash Price,
Accounting Arrangement of Hire Purchase Transaction in the
Books of Hire Purchaser and Hire Vendor, Hire Purchase
Agreement for Goods of Small Value
Installment Payment System: Difference between Hire Purchase
System and Installment Payment System, Accounting
Arrangement, In the Books of Buyer and Seller