Advanced Accounting- I

Unit No.

Unit Title

Contents

1

Accounting

Standards &

Financial

Reporting

- Brief Review of Indian Accounting Standards

- Introduction to AS- 3, AS-12 and AS-19 with simple

  numerical.

- Introduction to IFRS - Fair Value Accounting.

2

Accounting for

Capital

Restructuring

(Internal

Reconstruction)

₋ Meaning and Concept of Capital Restructuring,

   Types of Capital Restructuring, Meaning of Internal

   Reconstruction.

₋ Accounting Entries: Alteration of Share Capital,

   Reduction of Share Capital, Reduction in Liabilities,

   Cancellation of Expenses, Losses etc.

₋ Preparation of Balance Sheet after Internal Reconstruction

3

Final Accounts

of Banking

Companies

₋ Introduction of Banking Company, Legal Provisions

regarding Non-Performing Assets (NPA)

- Reserve Fund

- Acceptance, Endorsements & Other Obligations

- Bills for Collection

– Rebate on Bills Discounted

– Provision for Bad and Doubtful Debts

₋ Vertical form of Final Accounts as per Banking

   Regulation Act, 1949.

₋ Simple Numerical on Preparation of Profit & Loss

   A/c and Balance Sheet in vertical form.

4

Investment

Accounting

₋ Meaning & Introduction, Classification of

   Investments.

₋ Meaning & Calculation of the Concept of

  Acquisition Cost & Carrying Cost of Investment.

₋ Calculation of Profit/loss on disposal of investments.