AdvancedFinancialAccounting

M.Com. - Semester I & II

Written by

Dr. Varsha Mukund Ainapure

Content

Semester - I

1. Consolidated Financial Statements

(a) Accounting Standard 21

(b) Consolidated Balance Sheet

(c) Consolidated Profit & Loss Account

(d) Simple Subsidiary Company Only

(e) Excluding - Inter Company Holding of Shares

(f) Foreign Subsidiary Company

2. Accounting & Statutory Requirements of Banking Companies

- Accounting Provision of Banking Regulation Act

- Provisioning of Non-Performing Assets

- Form & Requirements of Final Account

3. Foreign Currency Conversion (As Per AS - 11)

(a) Requirements as per AS- 11

(b) Foreign Branches

4. Published Corporate Annual Reports

(a) Contents of Annual Reports

(b) Notes of Accounts

(c) Director’s Reports

(d) Auditor’s Reports

(e) Management Discussion Analysis

Semester - II

5. Specified Accounting Standards

(a) AS - 16 Borrowing Costs

(b) AS - 17 Segment Reporting

(c) AS - 20 Earnings per Share

(d) AS – 22 Accounting for Taxes on Income

6. International Financial Reporting Standards (IFRS)

7. Accounting & Statutory Requirements of Insurance Companies and Co-operative Societies

- Accounting Provision for Insurance Act and Insurance Regulations & Development Authorities for (1) Lifeinsurance business (2) General Insurance business

- Forms & Requirements of Final Accounts for (1) Life insurance Business (2) General Insurance Business

- Accounting Provision of Maharashtra State Co-operative Societies Act and Rules

- Forms & Requirements of Final Accounts

8. Valuation of Goodwill, Shares and Business For Amalgamation

(a) Methods of Goodwill

(b) Methods of Shares

(c) Methods of Business