405: Advanced Accounting
Marks: 80
Unit-I:
Accounting of Banking Companies: 16
Statutory books
to be maintained, special features of Bank book keeping. Preparation and
presentation of Financial Statements of Banks. Advances – its classification
and provisions to be made against advances Rebate on Bills Discounted, Income
recognition.
Unit-II:
Accounting of Insurance Companies: 16
Books maintained
by a life insurance company and general insurance companies. Accounts of Life
insurance company – Revenue Account, Profit and Loss Account and Balance Sheet.
Ascertainment of profit under Life insurance business. Accounts of general insurance
business – Revenue Account, Profit and Loss Account and Balance Sheet.
Unit-III:
Investment Account: 16
Meaning, types,
cost, cum-interest, ex-interest, cum-dividend, ex-dividend. Accounting for
fixed interest learning securities and variable earning securities, bonus
shares and right shares, Inter company investment.
Unit-IV:
Insurance Claims 16
Insurance claims
– Average clause, indemnity period, procedure of ascertaining loss of stock and
loss of profit – Ascertainment of claims against loss of stock and loss of
profit.
Unit-V:
Introduction to Government Accounting: 16
Meaning, features
and Objectives of Government Accounting; difference between commercial
accounting and Government Accounting; General Principles of Government Accounting;
System of financial administration and financial control in India; Accounts keeping
of the government; Classification of Accounts –Consolidated Fund, contingency fund
and public accounts; Government Accounting Standards Advisory Board.
Books
Recommended:
Advanced
Accounting –S.N. Maheswary & S.k. Maheswari- Visak Publishing House (Pvt.)
Ltd., New Delhi.
Modern
Accountancy –A. Mukharjee & H. Hanif- Tata McGraw Hill Publishing Co. Ltd.
New Delhi.
Financial
Accounting –Mongra G.R., Ahuja, Girish & Ashok Sehgal.
Advanced
Financial Accounting- S.P. Gain & Narang, Kalyani Publishers, Ludhiana.
Advanced
Financial Accounting: B.B. Dam and H.C. Gautam, Capital Publishing, Guwahati
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