Parveen Sharma Advanced Accountancy for CA Intermediate (IPC) Group II for May 2017 Exams & Onwards by
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Description -Parveen Sharma Advanced Accountancy for CA Inter IPCC May 2017
For a thorough grasp on the subject of Advanced Accounting adequate practice is required which involves conceptual knowledge and practicing variety of numerical problems. In light of the changes in Companies Act, 2013 and its impact on accounting it is very important that information about terms, accounting conventions and concepts along with relevant provisions of law is handy to the student while working on accountancy problems. The present book is specially designed to enable the students to acquire conceptual base through theory and illustration. In each chapter various sections have been introduced so that the student understands the types of problems he can confront in the exam. Then a section pertaining to exercise questions has been
added at the end of each chapter. This will test the student in identifying his weakness areas whereupon he can take corrective action. Questions have been taken from the latest examination papers of the various Universities and
Professional Bodies. The books is specially designed for the students studying at the IPCC level of Institute of Chartered Accountants of India. At the end of the book a complete chapter on Accounting Standards has been added to provide complete understanding of the nuances of Accounting Standards with past year solved examination problems given standard-wise. The standards have been explained with diagrams and simple language to give a conceptual understanding. There have been changes in the Accounting standards also by MCA on 30th March, 2016 which are applicable from May 2017 attempt onwards. These changes have been incorporated at relevant places.
Contents of this book –Parveen Sharma Advanced Accountancy for CA Inter IPCC May 2017
Chapter 1: Departmental Accounts
1. Computation of Gross Profit Ratio
2. Content Ratio given
3. Net Profit Ratio given
4. Computation of Manager’s Commission
5. Memorandum Accounts
6. Trial/Balance Based Question
Chapter 2: Branch Accounts
1. Debtors Method
2. Stock & Debtors Method
3. Final Accounts Method
4. Independent Branches
5. Foreign Branches
Chapter 3: Partnership Accounts
2. Piecemeal Distribution
3. Sale to A Company
4. Amalgamation of Firms
5. Limited Liability Partnership (LLP)
Chapter 4: Accounting for Banking Companies
1. Non Performing Assets
2. Tier I and Tier II Capital
3. Bill Discounted etc.
4. Investment Valuation
5. Acceptance, Endorsement, etc
6. Cash Reserve Ratio
7. Statutory Liquidity Ratio
8. Bills for Collection
9. Final Accounts
Chapter 5: Accounting for Insurance Companies
1. Basic Questions
2. Valuation Balance Sheet
3. Final Accounts Exercise
Chapter 6: Underwriting
Chapter 7: Debentures
Chapter 8: Liquidation of Companies
1. List B Contributory
2. Statement of Affairs
3. Liquidator’s Final Statement of Accounts Exercise
Chapter 9: Buy-back
Chapter 10: ESOP
Chapter 11: Amalgamation and Internal Reconstruction
Chapter 12: Schedule III Chapter 13 Accounting Standards
AS – 4 Contingencies and Events occurring after the Balance Sheet
AS – 5 Net Profit or Loss for the Period, Prior Period Items and
Changes in Accounting Policies
AS -11 The Effects of Changes in Foreign Exchange Rates
AS -12 Accounting for Government Grants
AS -16 Borrowing Costs
AS – 20 Earnings Per Share
AS – 26 Intangible Assets
AS – 29 Provisions, Contingent Liabilities and Contingent Assets
Author Details Parveen Sharma Advanced Accountancy for CA Inter IPCC May 2017
CA. Parveen Sharma is a first class commerce graduate from Delhi University, having done his graduation from Sri Venkateswara College. He qualified Chartered Accountancy Course in 1996 and was placed in merit list (Rank Holder) in Intermediate and Finals both. He completed his post graduation in Indian Accounting Standards and US GAAP in July 2007. He qualified certificate course on valuation from ICAI in January2010.
He is also an Associate Member of Institute of Cost and Works Accountants of India and Licentiate of Institute of Company Secretaries of India. He topped Delhi University by scoring 100% marks in Accountancy. He also won Gold Medal in Accounts Olympiad held in 1990.
He has the honour of being co-opted as a member to Board of Studies (2006-2007), Advisor, Accounting Standards Committee (2007-08) Member of Committee for Accounting Standards for Local Bodies for the year 2007-2008, and Regional Monitoring Committee (2003-04) of Institute of Chartered Accountants of India and Member, Committee on Management Accounting of ICAI for the year 2008-09. He possesses a vast experience of teaching Accountancy to students of CA FINAL and CA IPCC P.E.II / Intermediate, and has been visiting faculty at ICAI and I.C.W.A.I.
He is currently teaching accountancy to various levels of Professional Institutes and Universities and has addressed a number of courses and seminars organized by Professional Institutes. He has authored research documents on various issues. At present he is a consultant, an academician and a renowned professional Accounts teacher. He hadbeen associated with satellite since 2008 for providing classes to students of CA FINAL & IPCC level.
CA. Kapileshwar Bhalla is a qualified Chartered Accountant. He is a fellow member of the Institute of chartered Accountants of India. He did his graduation from Delhi University (Shri Ram College of Commerce) in 1996.
He has been actively teaching students Accountancy and Cost Accounting at IPCC and Final levels of Chartered Accountancy since 1999. He has delivered various seminars on Accounting Standards, IFRS and Ind AS at multiple forums to the students and industry at large.