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Bangalore University - B.Com 5th Sem - Advanced Financial Accountancy (Accounting Group)


ADVANCED FINANCIAL ACCOUNTANCY (Elective Paper - I)
OBJECTIVES:
The objective of this course is to expose students to advanced accounting issues and practices. The main focus is on formatted accounting practices.
Unit 1: HOLDING COMPANY 18 hours
Introduction -types of control - legal definition-preparation of accounts - financial year of Holding company and its subsidiary - Rules for preparation of Consolidated Balance Sheet - investments in the subsidiary company - minority interest - cost of control - goodwill or Capital Reserve - Capital Profits - Revenue Profits -Inter company transactions - goods sold on credit - Debtors - Bills Receivable - Creditors - Bills Payable -contingent liabilities - inter company unrealized profits - Revaluation of Assets and Liabilities - dividends - Bonus issue.
Unit 2 : ACCOUNTING OF BANKING COMPANIES 20 hours
Meaning of Banking Company - Accounting treatment of Rebate on bills discounted - ascertainment of non-performing assets - Classifications of advances - Applications of provision of Banking Regulation Act of 1949 as amended from time to time - Preparation of Final Accounts as per the existing Banking Regulation Act.
Unit 3: FINAL ACCOUNTS OF LIFE INSURANCE 10 hours
Meaning - Insurance terms - Premium - Consideration for annuities granted - Policies becoming claims - reinsurance - surrender value and paid-up value - bonus - cash bonus - bonus in reduction of premium - reversionary bonus - valuation - Preparation of Revenue Account applicable for Life Insurance Business -Balance of a Life Insurance Company according to Form 'A" in the First Schedule.
Unit 4 : FINAL ACCOUNTS OF GENERAL INSURANCE 10 hours
Meaning - General Insurance Revenue Account for Fire and Marine - Treatment of reserve or provision to be carried forward - Preparation of Profit and Loss Account in Form B - Preparation of Profit and Loss Appropriation Account in Form C - Preparation of Balance Sheet.
SKILL DEVELOPMENT:
-?Collecting the final accounts of a Public Limited Company and Commenting on the liquidity and profitability.
-?Apply important ratios to analyze the Company's Balance Sheet.
-?Listing any 10 Life Insurance Policies and collecting information relating to bonus rates and guaranteed additions.
-?Collection of Final Accounts of General Insurance Company. Calculating and commenting on the profitability and liquidity.
-?Collection of Final Accounts of Life Insurance Company. Calculating and commenting on the profitability and liquidity.
BOOKS FOR REFERENCE:
1. RL Gupta and Radhaswamy, Advanced Accountancy, Sultan Chand & Sons.
2. SP Jain and Narang, Advanced Accounts, Kalyani Publishers.
3. SP Iyengar, Advanced Accounting, Sultan Chand & Sons.
4. Chakraborthy, Advanced Accountancy, Navbharathi Publishing Company, Calcutta.
5. Mukerjee & Hanif, Modern Accountancy, TMH.
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Comments (6)

harry published on Nov 11, 2014, 10.52am IST

I wanted blueprint not at all getting it

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tallstar published on Mar 21, 2013, 06.38pm IST

please send me also . . advanced financial accounting paper

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luckylucky published on Nov 19, 2012, 05.17pm IST

Send me previous year question paper

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  • 0 VOTES

alizabeth published on Oct 16, 2012, 10.28am IST

wher i can get previous year question papers of Advanced Financial Accounting, 5th Sem, Bangalore University

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amanda published on Oct 01, 2012, 03.50pm IST

has i am studing B.Com.5th sem PLease send me advance financial accounting 2011 question paper to davis.2247@yahoo.com

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umeshengineer published on Sep 08, 2012, 12.15pm IST

blue print you mean 5th sem b.com questin paper blue print

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