BM PF-08 Advanced Accounting Standards C (L, T, P) = 4 (4, 0, 0)

Uni Course Contents Total

t Contact
Hours-31
I Introduction To Accounting Standards 7
Introduction-Gaap, Introduction To Indian Accounting Standards (AS)-Introduction To
International Accounting Standards. (IAS).Cash Flow Statements: Introduction, Definition
Of Important Terms and Reporting Cash Flows In Cash Flow Statement, Format Of Cash
Flow Statements, Treatment Of Special Items, Direct & Indirect Method ,Other Aspects
Of Cash Flow Statements-Indian Accounting Standards (As-3)

II Current Assets, Contingent Assets & Liabilities And Provisions 6

Meaning Of Current Assets, Accounting Standard -2 Valuation Of Inventories,
Definitions, ,Scope Measure Of Inventories ,Cost Formulae, Disclosure AS-29
-Provisions, Contingent Liabilities And Contingent Assets Objective & Scope,
Definitions, Recognition, Probable outflow of resources Embodying Economic Benefits,
Reliable Estimate Of The Obligation, Contingent Liabilities, Contingent Assets,
Measurement, Changes In Provisions, Application Of The Recognition And Measurement,
Disclosure
III Revenue Recognition: 6
Accounting Standard -9 (Revenue Recognition),Definitions, Sale Of Goods, Rendering Of
Services, The Use By Others Of Enterprise Resources Yielding Interest, Royalties And
Dividends, Effect Of Uncertainties On Revenue Recognition
Special Cases Of Revenue Recognition Accounting Standard No 7 Accounting For
Construction Contracts; Definitions, Combining And Segmenting Construction Contracts
Contract, Revenue Contract Costs, Recognition Of Contract Revenue And Expenses,
Recognition Of Expected Losses, Changes In Estimates
IV Long Terms Assets: 6
Accounting Standard (AS) 6 Depreciation Accounting Definitions, Explanation ,Disclosure
Accounting Standard (AS) 10,Accounting For Fixed Assets Definitions, Identification Of
Fixed Assets Components Of Cost ,Self-Constructed Fixed Assets, Non-Monetary
Consideration, Improvements And Repairs, Amount Substituted For Historical Cost
,Retirements And Disposals ,Valuation Of Fixed Assets In Special Cases, Fixed Assets Of
Special Types,
Accounting Standard (AS) 13 Accounting For Investments, Definitions, Explanation,
Forms Of Investments, Classification Of Investments, Cost Of Investments, Carrying
Amount Of Investments, ,Long-Term Investments Investment Properties Disposal Of
Investments Reclassification Of Investments
V Business Combination And Consolidations 6
Accounting Standard (AS) 21,Consolidated Financial Statements
Objective, Scope Paragraphs, Definitions, Presentation Of Consolidated Financial
Statements, Scope Of Consolidated Financial Statements ,Consolidation Procedures,
Accounting For Investments In Subsidiaries In A Parent’s Separate Financial Statement
Accounting Standard (AS) 14 Accounting For Amalgamations Definitions, Types Of
Amalgamations, Methods Of Accounting For Amalgamations, The Pooling Of Interests
Method, The Purchase Method, Consideration, Treatment Of Reserves On Amalgamation,
Treatment Of Goodwill Arising On Amalgamation ,Balance Of Profit And Loss Account
,Treatment Of Reserves Specified In A Scheme Of Amalgamation ,Amalgamation After
The Balance Sheet Date , The Pooling Of Interests Method The Purchase Method
Treatment Of Reserves Specified In A Scheme Of Amalgamation After The Balance Sheet
Date Accounting Standard (AS) 22 Accounting For Taxes On Income Scope, Definitions,
Recognition, Re-Assessment Of Unrecognised Deferred Tax Assets, Measurement,
Review Of Deferred Tax Assets