Verify Account

SYLLABUS

UNIT-I

HOLDING COMPANIES (AS-21) Nature – Legal requirements – Capital and Revenue Profit/Reserves/Losses – Minority Interest – Cost of Control or Goodwill – Capital Reserve – Inter Company Transactions – Un-realized Profit on Unsold stock - Revaluation of Assets – Interim Dividend by Subsidiary Companies - Debentures in Subsidiary Companies – Consolidated Balance Sheet.

UNIT-II

ELECTRICITY COMPANIES (DOUBLE ACCOUNTING SYSTEM) Meaning of DoubleAccount System – FinalAccounts - Calculation of Reasonable Return and Disposal of Surplus – Replacement of an Asset.

UNIT-III

ACCOUNTING FOR PRICE LEVEL CHANGES Introduction – History – Limitations – Profit measurement under different systems of accounting – Methods of Accounting for Price Level Changes: Current Purchasing Power (CPP) – Current Cost Accounting (CCA).

UNIT-IV

LEASE ACCOUNTS (AS-19) Meaning – Terminology – Advantages and Disadvantages – Types: Financial and Operating Lease – Accounting Treatment in the books of both the parties.

UNIT-V

HUMAN RESOURCE ACCOUNTING and SOCIAL RESPONSIBILITY ACCOUNTING Human Resource Accounting: Definition – Objectives – Assumptions – Advantages and Limitations – Approaches - Human resource accounting in India (Theory only). Social ResponsibilityAccounting: Meaning – Nature – Need – Objectives –Accounting Concepts – Indicators of Social Performance (Theory only).