CA Inter Advanced Accounts Offline Classes

Course Content

Paper 5 – Advanced Accounting

1. Application of Accounting Standards:

AS 4: Contingencies and Events Occurring After the Balance Sheet Date

AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies

AS 7: Construction Contracts

AS 9: Revenue Recognition

AS 14: Accounting for Amalgamations

AS 17: Segment Reporting

AS 18: Related Party Disclosures

AS 19: Leases

AS 20: Earnings Per Share

AS 22: Accounting for Taxes on Income

AS 24: Discontinuing Operations

AS 26: Intangible Assets

AS 29: Provisions, Contingent Liabilities and Contingent Assets.

2. Special Aspects of Company Accounts

1. Accounting for employee stock option plan;

2. Buyback of securities;

3. Equity shares with differential rights.

3. Reorganization and liquidation of Companies

1. Accounting for amalgamation (excluding intercompany holding) and reconstruction;

2. Accounting involved in the liquidation of companies

4. Banking Companies and Non-Banking Financial Companies and regulatory requirements thereof.

5. Consolidated Financial Statements

Concept of consolidation and simple problems on Consolidated Financial Statements with a single subsidiary (excluding problems involving the acquisition of Interest in Subsidiary at Different Dates; Different Reporting Dates of Holding and Subsidiary; Disposal of a Subsidiary and Foreign Subsidiaries).

6. Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership.