SYLLABUS

Unit I – Partnership Accounts & Special Areas

• Admission, retirement, and death of partners (revaluation, goodwill, legal adjustments)

• Change in profit-sharing ratios

• Final accounts of partnership firms (including division of profit/loans/guarantees)

• Amalgamation and dissolution procedures

Unit II – Branch & Departmental Accounting

• Accounting for dependent and independent branches

• Invoice/invoice price methods

• Departmental accounting: division of expenses, inter-department transfers

Unit III – Hire‑Purchase & Installment Systems

• Hire-purchase vs. instalment contracts

• Partial and complete repossession

• Accounting treatment under both systems

Unit IV – Consignment & Joint Venture Accounting

• Consignment entries (account sales, expenses, valuation of stock)

• Joint venture methods (separate books, joint bank account) and settlement

Unit V – Royalty & Insurance Claims

• Computation and journal entries for royalties (minimum, short-workings)

• Fire insurance claims under different policy terms

• Treatment of average clause, loss statements

Unit VI – Accounting Standards & Applications

• Key Indian Accounting Standards relevant to special areas (e.g., AS 6, AS 9, AS 10, AS 14, AS 26)

• Illustrations of standard application in above modules