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MCOM Advanced Financial Accounting

This document outlines the content of an advanced financial accounting course taught over two semesters. Semester 1 covers topics such as consolidated financial statements, accounting for banking and foreign currency, and requirements for published annual reports. Semester 2 covers specified accounting standards, International Financial Reporting Standards, accounting for insurance companies and co-operative societies, and methods for valuing goodwill, shares, and businesses for amalgamation purposes.

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Kishan Kudia
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13K views2 pages

MCOM Advanced Financial Accounting

This document outlines the content of an advanced financial accounting course taught over two semesters. Semester 1 covers topics such as consolidated financial statements, accounting for banking and foreign currency, and requirements for published annual reports. Semester 2 covers specified accounting standards, International Financial Reporting Standards, accounting for insurance companies and co-operative societies, and methods for valuing goodwill, shares, and businesses for amalgamation purposes.

Uploaded by

Kishan Kudia
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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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

2.

3.

4.

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)

6.

7.

8.

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

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