Accounting Group I New Syllabus By CA Parveen Sharma

We are all aware that the curriculum of Chartered Accountancy Course has undergone a massive revision. ICAI has introduced some new topics at the Intermediate level and the need of the hour is a comprehensive book which can fulfill the needs for a conceptual base and at the same time provides us a good practice on chapters. 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 Accounting Standards made by MCA, 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 for the new course of CA Intermediate. 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 past examination papers of the various Universities and Professional Bodies. The book is specially designed for the students studying at the Intermediate level of Institute of Chartered Accountants of India. A complete chapter on Accounting Standards and Framework for Preparation and Presentation of Financial Statements has been added to provide complete understanding of the nuances of Accounting Standards with past year solved examination problems given standardwise. The standards have been explained with diagrams and simple language to give a conceptual understanding. AS-10 on ‘Property, Plant and Equipment’ has been completely revised on the lines of Ind AS-16. The chapter on that has been simplified for easy understanding by students. Appropriate case studies have been added to provide easy understanding. There have been changes in the Accounting standards announced by MCA on 30th March, 2016; the same have been incorporated at appropriate places. This book has been thoroughly revised keeping in the latest changes in law as per Companies Act, 2013 and Accounting Standards by MCA

Contents  -

Accounting Standards

Financial Statement of Companies

Profit or Loss Pre and Post Incorporation

Accounting for Bonus Issue and Right Issue

Redemption of Debentures

Redemption of Preference Shares

Investment Accounts

Insurance Claims for Loss of Stock and Profit

Hire purchase and Instalment Purchase Transactions

Departmental Accounts

Accounting for Branches including Foreign Branches

Accounting from Incomplete Records (Single Entry)

Partnership Accounts