Problems and Solutions in Advanced Accounting (CA Inter, New Syllabus 2023, for May 2024 Exam Onwards)

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Description
For a thorough grasp on the subject of 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 variety of questions. In each chapter various sections have been introduced so that the student understands the types of problems he/she can confront in the exam. 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 book has been specially designed for the students studying at the CA (Inter) level of Institute of Chartered Accountants of India. It can also be used for other professional courses. This book has been thoroughly revised keeping in view the latest changes. Salient Features of the book:
1. Deals with Problems and solutions for all chapters in the course.
2. Arrangement in each chapter is:
(a) From simple problems to advanced problems in a chronological manner.
(b) Each chapter is further subdivided in various sections to develop the concepts in a logical flow.
3. (Each chapter has a "Table of Index' for quick reference - indicating the no. of questions in each
section)
4. Questions from last 22 past examinations conducted by ICAI, RTP's (Revisionary Test Papers),
MTP's (Mock Test Papers) and other professional bodies have been incorporated to provide an
extensive understanding of each and every topic and simultaneously providing an extensive practice.
5. The book is updated for the latest changes in accounting and the Companies Act, 2013.
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Contents
Chapter 1 Introduction to Accounting Standardas
Chapter 2 Framework for Preparation & Presentation of fs
Chapter 3 Applicability of Accounting Standards
Chapter 4 Presentation and Disclosures Based Standards
AS-1 Disclosure of Accounting policies
AS-3 Cash Flow Statement (AS-3)
AS-17 Segment Reporting
AS-18 Related Party Disclosures
AS-20 Earning Per Share
AS-24 Discontinuing Operations
AS-25 Interim Financial Reporting
Chapter 5 Asset Based Standards
AS-5 Valuation of Inventories
AS-10 Property, Plant & Equipments
AS-13 Accounting For Investments
AS-16 Borrowing costs
AS-19 Leases
AS-26 Intangible Assets
AS-28 Impairment of Assets
Chapter 6 Liability Based Standards
AS-15 Employee Benafits
AS-29 Provisions, Contingent Liabilities and Contingent Assets
Chapter 7 Accounting Standards Based on Items in Financial Statements
AS-5 Net profit or Loss for the period, Prior Period Items and Changes in Accounting Policie
AS-11 The Effects of Changes in Foreign Exchange RatesAS-22 Accounting for Taxes on Income
Chapter 8 Revenue Based Standards
AS-9 Revenue Recognition
Chapter 9 Other AS
AS-12 Accounting for Government Grants
AS-14 Amalgamation
Chapter 10 Consolidated Financial Statements
AS-21 Consolidated Financial Statement
AS-23 Accounting for Investments in Associates in Consolidated Financial Statements
AS 27 Financial Reporting of Interests in Joint Ventures
Chapter 11 Final Statement of Companies
Chapter 12 Buy Back & Equity Shares with Differential Rights
Chapter 13 Amalgamation
Chapter 14 Internal Reconstruction
Chapter 15 Branch Accounting
Chapter 16 Multiple Choice Questions
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Author Details
CA Parveen Sharma, B.Com (H), F.C.A, A.C.M.A, C.S Post Graduation in Accounting Standards, US GAAP & Certified Valuer
CA Kapileshwar Bhalla, B.Com (Hons), FCA