Unit 1

Accounts of Banking Companies – Guidelines of RBI for Profit and Loss Account and Balance Sheet –
Preparation of Profit and Loss Account and Balance Sheet.

Unit 2

Amalgamation, Absorption and External Reconstruction – Vendor Company and Purchasing Company
– Purchase consideration – Accounting entries in the books of Vendor and Purchasing Companies – Inter-company owing and holdings – Internal reconstruction – Alteration and reduction of share capital – Accounting entries – Reconstruction Schemes.

Unit 3

Accounts of Insurance Companies – Important terms – Life and general Insurance – Revenue Account applicable to life insurance business – Valuation Balance Sheet – Final Accounts relating to general insurance business.

Unit 4

Double Account System – Comparison with double entry system – Accounts of electricity companies, Replacement of assets, Disposal of Surplus.

Unit 5

Accounts of Holding Companies – Holding and subsidiary companies – Minority interest – Cost of control – Pre-acquisition and post-acquisition profits – Consolidated Balance Sheet – Elimination of common transactions – Bonus shares – Dividend.

Course Objective:
The objective of this course is to give thorough knowledge about corporate and other specialized accounting systems in conformity with the provisions of Companies Act, 1956.

Course Outcomes:

Textbooks:

1. S. N. Maheshwari, S. K. Maheshwary – Advanced Accountancy – Vikas Publishers
2. M. C. Shukla, T. S. Grewal – Advanced Accounts – S. Chand

Reference Books:

1. S.P. Jain, K.L. Narang – Advanced Accountancy – Kalyani Publishers
2. R.L. Gupta, M. Radhaswamy – Advanced Accountancy – Sultan Chand
3. D. Chandra Bose – Advanced Accounting Vol. 2 – PHI