| 1. | Introduction to IAS, US GAAP, Indian Accounting Standards | 15% |
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| | • | GAAP in India | | • | US GAAP- Statements and Standards, hierarchy of US GAAP | | • | International Accounting Standards | | • | Relative view of AS (India), IAS and US GAAP on different issues |
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| 2. | Preparation of Company Accounts under various circumstances | 20% |
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| | • | Relevant Terms | | • | Types of Mergers, methods of accounting | | • | Treatment of Goodwill arising on Merger. | | • | Purchase Consideration and Settlement. | | • | Accounting in the books of vendor / transferor company. | | • | Accounting for investment in subsidiary. | | • | Accounting of holding companies | | • | Consolidation of financial statements. | | • | Corporate Financial restructuring | | • | Accounting standards relevant to these concepts. |
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| 3. | Group Financial Statements | 25% |
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| | • | Holding company, Subsidiary Company and Associate company | | • | Consolidated Income Statement, Balance Sheet and Cash Flow Statements for Group of companies | | • | Concept of fair value at the time of acquisition | | • | Impact on group financial statements at the point of acquisition | | • | Compare and contrast acquisition and equity methods of accounting | | • | Reconstruction schemes , De-merger | | • | Preparation and interpretation of segmental analysis, inter-firm comparisons |
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| 4. | Segment Reporting | 10% |
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| 5. | Developments in External Reporting | 20% |
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| | • | Applicability of a particular accounting standard. | | • | Interpretation of various accounting standards. | | • | Scope of accounting standards. | | • | Compliance with the Accounting Standards. | | • | Annual Reports – Statutory Requirements and External reports | | • | Preparation of Financial information in the Annual Reports | | • | External Reporting under capital market regulations | | • | Disclosure of post Balance Sheet events. | | • | Financial Reporting across the world | | • | Exposure to reporting under US and UK laws | | • | IFRS requirements for reporting |
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| 6. | Government Accounting in India | 10% |
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| | • | General Principles. | | • | Comparison with commercial accounting. | | • | Role of the Comptroller and Auditor General of India. | | • | Role of the Public Accounts Committee. | | • | Review of accounts. |
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| Title | Author | Publisher |
|---|
| Financial Management and Policy | J.C.Van Horne | Prentice Hall |
| Essentials of managerial Finance | Weston and Brigham | Dryden Press |
| Accounting Theory | Eldon S.Hendriksen | Richard D.Irwin |
| Accounting Theory | K.S.Most | Holt, Rinehart & Winston |
| Financial Accounting Theory-Issues And Controversies | Bernstei & Wild | McGraw Hill |
| Financial Statement Analysis: Theory, Application & Interpretation | Bernstei & Wild | Irwin McGraw Hill |
| Analysis and Use of Financial Statements | Write, Sondhi & Fried | John Wiley |
| Financial Statement Analysis- A new Approach | Lev Baruch | Prentice Hall |
| Monthly financial Reports for Operating Managers | G.R.Kulakarni | ICWAI |
| Regulation of Corporate Accounting and Reporting in India | Bhabatosh Banerjee | World Press |
| Economic Value Added: A Tool for Business Planning | T.P.Ghosh | ICWAI |
| Accounting Standards and Corporate Accounting Practices | T.P.Ghosh | Taxmann |
| Manual of Accounting Standards | S.Agarwal | Snow White |
