B.Com Sem 6 Advanced Accountancy Accounting Standards Previous Year Papers

Overview of Indian Accounting Standards (AS) and Ind AS: In-depth study of AS 1 (Disclosure of Accounting Policies), AS 2 (Valuation of Inventories — Lower of Cost or Net Realizable Value), AS 9 (Revenue Recognition), AS 10 (Property, Plant and Equipment), AS 13 (Accounting for Investments), and AS 14 (Accounting for Amalgamations). Holding Company Accounts: Preparation of Consolidated Balance Sheet of Holding Company and its Subsidiary Company under Companies Act 2013 (Calculation of shareholding ratio, Date of acquisition, Pre-acquisition capital profits vs Post-acquisition revenue profits, Minority Interest calculation, Cost of Control / Goodwill vs Capital Reserve, Treatment of unrealized inter-company profits on stock, Inter-company debts elimination), and Liquidation of Companies (Statement of Affairs and Deficiency Account).