Advanced Financial Accounting

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 Accounting & Statutory Requirements of Banking Companies Accounting Provision of Banking Regulation Act Provisioning of Non-Performing Assets Form & Requirements of Final Account Foreign Currency Conversion (As Per AS - 11) (a) Requirements as per AS- 11 (b) Foreign Branches Published Corporate Annual Reports (a) Contents of Annual Reports (b) Notes of Accounts (c) Directors Reports (d) Auditors Reports (e) Management Discussion Analysis

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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 International Financial Reporting Standards (IFRS)

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Accounting & Statutory Requirements of Insurance Companies and Co-operative Societies Accounting Provision for Insurance Act and Insurance Regulations & Development Authorities for (1) Life insurance 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 Valuation of Goodwill, Shares and Business For Amalgamation (a) Methods of Goodwill (b) Methods of Shares (c) Methods of Business