Monday, July 1, 2013

Syllabus - Specialised Accounting



CORE-14  SPECIAL ACCOUNTING

Instructional Hrs-108
Credit-4

OBJECTIVE-              The purpose of the paper is to acquaint the students with advanced accounting principles and procedures.

MODULE-1     Accounts of banking companies-Meaning of banking companies-Important provisions of banking companies Act, 1949-preparation of final accounts of banking companies-Profit and loss account, Balance sheet, transactions of special type- Asset classification and provisions-Non performing Assets.
                                                                                                                                                                                                                                                                        (30hrs)

MODULE-2     Accounts of Insurance Companies-Insurance companies-special terms-Final accounts-Accounts of life insurance-revenue account, Profit and loss account and balance sheet ( As per IRDA regulation Act-2002)-Determination of profit in life insurance business-valuation balance sheet-Accounts of general insurance companies-(Fire and Marine only)-Revenue account-Profit and loss account and Balance sheet ( As per IRDA Regulation Act)
                                                                                                                                                                                                                                                                        (30hrs)

MODULE-3     Investment account-cum-interest-Ex-interest-Cum dividend-Ex dividend-treatment of bonus share-Right shares-Preparation of investment account-(As per AS-13)
                                                                                                                                                                                                                                                                        (15hrs)

MODULE-4     Insurance claims-Types of claims-loss of stock policy-Ascertainment of the value of stock on the date of fire-Ascertainment of actual amount of claim to be lodged-Average clause-Loss of profit policy-Procedure to ascertain amount of claim.
                                                                                                                                                                                                                                                                        (18hrs)

MODULE-5     Computerised accounting-Tally package (9.0)-Introduction to Tally-Features-Steps in using Tally-creation of company-Ledger accounts-Voucher entry-Viewing final accounts.
                                                                                                                                                                                                                                                                        (15hrs)


SUGGESTED READINGS

1.     Jain.S.P and Narang.K.L : Advanced Accountancy
2.     Maheswari.S.N and Maheswari S.K  : Advanced Accounting
3.     Paul.K.R  : Corporate Accounting
4.     Dr. S.M.Shukla and Dr.S.P.Gupta :  Advanced Accounting
5.     M.C. Shukla and T.S.Grewal  :  Advanced Accounts
6.     Rawat.D.S :  Accounting
7.     Nirmal Gupta and Chhavi Sharma :  Corporate Accounting Theory and Practice

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