Advanced Accounting Topics

Course Outline Course Title: Advanced Accounting B.Com (Annual system): Part II, Paper VI Course Contents: Topic Boo !ection Preparation o" "inal accounts under Companies Ordinance #$%& • Companies Ordinance 1984, Fourth Schedule. • General, Trading Account, ro!it and loss Account, ro!it and loss appropriation account, • "alance Sheet and treatment o! certain items in preparing Companies Financial Statements li#e di$idends, reser$es, e%cise dut& and sales ta%, long term loans and current maturit&, issue o! shares, allo'ances !or (ad de(ts, recti!ication o! errors, 'or#ers pro!it participation !und, 'or#er)s 'el!are !und, (an# margins and guarantees. Ch.1 (oo# 1 A Consolidated 'inancial !tatements, IA! . • repare Consolidated *ncome Statement and "alance Sheet o! underta#ings. • Treatment in Consolidated Financial Statements o! +inorit& interest, re and ost ac uisition reser$es, good'ill, di$idends, (onus shares, intra group transactions, pre!ereance shares, de(entures and mid &ear ac uisitions. Ch.4 (oo# 1 A Business Com*inations • Amalgamation, A(sorption and -econstruction. Ch.1 (oo# / 0olume ** A +epartmental Accounting • Ad$antages o! departmental accounts. • epartmental accounts 'hen separate set o! (oo#s are maintained and 'hen all departments are #ept together. • Allocation o! departmental e%penses. • *nter departmental trans!ers. Cost (ased trans!er price, mar#et (ased trans!er price. Ch.1 (oo# / 0olume ** " Branc Accounting • T&pes o! "ranches, e(tor S&stem, Stoc# and e(tor s&stem, • Sale o! goods a(o$e and (elo' in$oice price, • Final account s&stem, 'hole sale and retail pro!it at (ranch. Ch./ (oo# / 0olume ** " -oint Venture and consignment • Features o! a 2oint 0enture, methods o! maintaining accounts, a(normal and normal losses • 0aluation o! unsold stoc#. • Cost price method and in$oice price method • Ad$ance made (& consignee. Ch.13 14 (oo# / 0olume * " Accounting "or eases IA!/# • "asic lease accounting issues and procedures, • Accounting !or !inance lease in the (oo#s o! lessor and lessee Ch./ (oo# 1 C

Upload
mudassir-haider
Category

Documents
view
218
download
0

Embed Size (px):

description

Important Listings about what you should know about accounting. This is only the listing of items for detail do contact me.

Transcript of Advanced Accounting Topics

Course Outline
Course Title: Advanced Accounting B.Com (Annual system): Part II, Paper VI
Course Contents:
• Companies Ordinance 1984, Fourth Schedule.
• General, Trading Account, ro!it and loss Account, ro!it and loss
appropriation account,
• "alance Sheet and treatment o! certain items in preparing
Companies Financial Statements li#e di$idends, reser$es, e%cise
dut& and sales ta%, long term loans and current maturit&, issue o! shares, allo'ances !or (ad de(ts, recti!ication o! errors, 'or#ers
pro!it participation !und, 'or#er)s 'el!are !und, (an# margins and
guarantees.
underta#ings.
interest, re and ost acuisition reser$es, good'ill, di$idends,
(onus shares, intra group transactions, pre!ereance shares, de(entures and mid &ear acuisitions.
Ch.4 (oo# 1 A
• epartmental accounts 'hen separate set o! (oo#s are maintained
and 'hen all departments are #ept together.
• Allocation o! departmental e%penses.
• *nter departmental trans!ers. Cost (ased trans!er price, mar#et
(ased trans!er price.
Branc Accounting
• T&pes o! "ranches, e(tor S&stem, Stoc# and e(tor s&stem,
• Sale o! goods a(o$e and (elo' in$oice price,
• Final account s&stem, 'hole sale and retail pro!it at (ranch.
Ch./ (oo# /
a(normal and normal losses
• 0aluation o! unsold stoc#.
• Ad$ance made (& consignee.
Ch.1314 (oo#
• "asic lease accounting issues and procedures,
• Accounting !or !inance lease in the (oo#s o! lessor and lessee
Ch./ (oo# 1 C
guaranteed6, depreciation, initial direct costs.
Accounting "or Construction Contracts and IA!/##
• "asic concepts and rules
• Contract re$enues and costs
• ro!it and loss recognition
• Accounting entries and !inancial statement disclosures
• 7or# certi!ied and uncerti!ied
Ch.3 (oo# 1 C
0ecommended Te1ts
1. 2a$ed . u(eri , Advanced Accounting”, 2009, Petiwala Book Depot. /. +u#her;ee A. ani!, +odern Accountanc&<, 0olume ***. / = >dition.
!uggested 0eadings
1. Gupta, -.?. @ S'am&, +. -adha, Advanced Accounting”, Sultan Chand @ Sons
/. Shu#la +.C @ Gre'al, T. S , Advanced Accounts” 0olume 1 and /, 1th >dition. Sultan Chand @ Sons.
3. *nternational Accounting Standards Committee Foundation 5*ASCF6 /, *nternational Financial
-eporting Standards 5*F-Ss6, ?ondon Bnited ingdom.