Financial Accounting VII TYBAF Semester VI

Financial Accounting VII TYBAF Semester VI

Description

Financial Accounting Paper VII

TYBAF Semester VI

Cotent:

1. Final Account For Electricity Company

Final Accounts as per  Double Account System

- Final Accounts as per Electricity Rules

- Receipt & Expenditure on Capital Account

- General Balance Sheet

- Contingency Reserve

Disposal of Surplus (As per Electricity Rules): Norms regarding Disposal of Surplus Replacement of Assets

Simple Practical Problems

2. Final Accounts For Co-Operative Society

(Co-Operative Housing Society & Consumer Co-Operative Society)

Provisions of Maharashtra State Co-Operative Societies Act and Rules. Accounting provisions including appropriation to various funds

Format of Final Accounts – Form N

Simple Practical Problems on preparation of Final Accounts of a Co-Operative Housing Society & Consumer Co-Operative Society

3. Investment Accounting (w.r.t. Accounting Standard - 13)

For Shares (Variable Income Bearing Securities)

For Debentures / Preference Shares (Fixed Income Bearing Securities)

Accounting for Transactions of Purchase and Sale of Investments with Ex and Cum Interest Prices and Finding Cost of Investment Sold and Carrying Cost as per Weighted Average Method (Excluding Brokerage)

Columnar Format for Investment Account

4. Mutual Funds

Introduction, Historical Background SEBI Guidelines, Organisation, NAV Scheme, Types of Mutual Fund Schemes, FOF Scheme, Load or Non-Load Scheme, Investment Valuation Norms, Pricing of Units, Contents of Balance Sheet and Revenue Account, Evaluation of Mutual Funds, Disposal of Investments, Recognition of Income, Accounting Policies and Entries

5. Introduction to IFRS and Ind - AS

Accounting Standards :

Role/Objectives of Accounting Standards, Development of Accounting Standards in India - Requirements of International Accounting Standards - International Organisations engaged in Accounting Harmonisation - IASB - FASB - Role of IASB in developing IFRS, Applicability, Interpretation, Scope and Compliance of Accounting Standards

Indian Accounting Standards (Ind AS) :

Introduction, Road Map, First time adaptation of Indian Accounting Standard, Conceptual Framework

Comparison of Ind AS, IFRS and AS

IFRS : Introduction, Scope, Purpose and Objectives of Financial Statement - its Frame work - its assumption, Characteristics, Element, Recognition and Measurement, first time of adoption of IFRS

Convergence of Ind-AS and IFRS

Additional Information

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ISBN-13 978-93-89293-30-2
AUTHOR Ainapure - Ainapure
YEAR 2019
ED Second
PAGES 308
SUBJECT Financial Accounting VII TYBAF Semester VI
LANGUANGE English