Specialised Accounts including Advanced Company Accounts

The Specialised Accounts including Advanced Company Accounts book has been thoroughly revised with more emphasis to reinforce the theoretical principles with actual practice. For this purpose about 1,000 fully solved problems interspersed within the text. In addition, more than 800 unsolved problems with answers have been graded with different levels of difficulty. While selecting the problems the authors had kept in mind that the problems clearly illustrate the concepts and procedures discussed earlier. Besides, the problems included in the book serve as practice exercises for preparation of universities and professional examinations. Most of the problems, that the authors have included in the revised edition of the book, are from the latest examination question papers of various universities. We are confident that the addition of such a large number of practical questions would enable students to acquire a clear and thorough understanding of the principles, procedures, and practices of accountancy.

In this revised edition following chapters are thoroughly revised:

1. Royalties Accounts
2. Hire-Purchase System
3. Installment Payment System;
4. Branch Accounts
5. Insolvency Accounts; Liquidation of Companies (Including Insolvency and Bankruptcy Code, 2016).

In the book, the authors have attempted to provide comprehensive and balanced coverage of the various accounting concepts including the framework for the preparation and presentation of financial statements. In this revised edition a new chapter on AS-20: Earnings Per Share has been included.

Specialized Accounts including Advanced Company Accounts Syllabus For B.Com. III, IV & V Semesters of Banaras Hindu University

BCH 213: Specialised Accounts-I

Unit I: Royalty Accounts: Mining, Patent, and Copyright Royalties.

Unit II: Accounting for Hire Purchase and Installment System: Journal Entries and Ledger Accounts in the Books of Vendor and Purchaser.

Unit III: Branch Accounts: Accounting in the books of Head Office – Branch Nominal Account Method and Final Account Method; Dependent, Independent and Foreign Branches.

Unit IV: Departmental Accounts: Apportionment of Indirect Expenses; Trading and Profit & Loss Account; Inter-department Transfers.

Unit V: Human Resource Accounting; Meaning and Objectives; Methods and Models of Human Resource Accounting; HR Accounting Practices in India.

BCH 223: Specialised Accounts-II

Unit I: Bank Accounts: Income recognition; Classification of Assets and Provisioning; Preparation of Balance Sheet and Profit & Loss Account.

Unit II: Insurance Accounts: Life Insurance – Preparation of Revenue Account and Balance Sheet; Ascertainment of Profit of Life Insurance Business; General Insurance – Preparation of Revenue Account, Profit and Loss Account, P&L Appropriation Account and Balance Sheet.

Unit III: Insolvency Accounts: Insolvency of Individuals and Firms; Preparation of Statement of Affairs and Deficiency Accounts.

Unit IV: Double Account System: Special Features; Preparation of Revenue Account, Net Revenue Account, Capital Account and General Balance Sheet; Accounting for Extension and Replacement of Fixed Assets.

Unit V: Government Accounting: Meaning and Characteristics; Fundamental Principles of Government Accounting; Commercial Vs. Government Accounting; Comptroller and Auditor General of India.

BCH 311: Advanced Company Accounts

Unit I: Amalgamation and Absorption of Companies: Concept of Amalgamation and Absorption; AS 14 and Types of Amalgamation; Purchase Consideration; Accounting in the Books of Transferor Company; Accounting in the Books of Transferee Company.

Unit II: Reconstruction of Companies: Concept of Reconstruction; Need for Reconstruction; Types of Reconstruction – External Reconstruction and Internal Reconstruction; Alteration in Share Capital; Reduction in Share Capital; Scheme of and Accounting for International Reconstruction.

Unit III: Holding Company Accounts: Concept of Holding Company; Concept of Subsidiary Company; Provisions under Companies Act, 1956; Minority Interest; Cost of Control; AS 21 and Preparation of Consolidated Balance Sheet.

Unit IV: Winding up of Companies: Concept of Winding up of Companies; Order of Payment; Preparation of Statement of Affairs; Preparation of Deficiency Account; Preparation of Liquidator’s Final Statement of Account.

Unit V: Accounting for Special Issues: Accounting for Bonus Share Issue; Accounting for Employee Stock Option Scheme; Accounting for Buyback of Equity Shares; AS 20 and EPS Calculation.

Specialized Accounts including Advanced Company Accounts Book Contents

1. Royalties Accounts
2. Hire-Purchase System
3. Installment Payment System
4. Branch Accounts
5. Departmental Accounts
6. Human Resource Accounting
7. Accounts of Banking Companies
8. Accounts of Insurance Companies
9. Insolvency Accounts
10. Double Account System
11. Government Accounting
12. Accounting for Amalgamation of Companies (as Per AS-14)
13. Reconstruction of Companies
14. Consolidated Balance Sheet of Holding Companies (with A.S.-21)
15. Liquidation of Companies (including Insolvency and Bankruptcy Code, 2016)
16. Absorption
17. AS 20: Earnings Per Share

• Examination Question Papers 2019