Paper 5 :

Advanced Accounting

Advanced Accounting

01  Framework for Preparation and Presentation of Financial Statements

 

Lecture icon  2 Lectures                Know More

03   Advanced Issues in Partnership Accounts

 

Lecture icon   10 Lectures                Know More

05  Financial Statements of Insurance Companies

 

Lecture icon  5 Lectures                Know More

06  Financial Statements of Banking Companies

 

Lecture icon  Lectures                Know More

08  Accounting for Branches including Foreign Branches

 

Lecture icon  9 Lectures                Know More

02   Accounting Standards

 

Lecture icon  22  Lectures                Know More

04   Company Accounts

 

Lecture icon  35 Lectures                Know More

06   Internal Reconstruction

 

Lecture icon  2 Lectures                Know More

07   Departmental Accounts

 

Lecture icon  3 Lectures                Know More

About Advanced Accounting

 

Accounting is covered in subjects at the CA intermediate level. The purpose is to enhance the importance of understanding various concepts in depth for a student perusing the CA course. The CA Intermediate advanced accounting has only 7 chapters covering wide range of syllabus. All the chapters are based on either the Companies Act or laws governing such entities or Accounting standards/guidance notes issued by ICAI. To add on to the accounting knowledge acquired in CA foundation and group I of CA Inter. To enrich students with standard chapters in company accounts like amalgamation & Consolidation of companies so that they are well prepared to experience this practically. To provide basic accounting knowledge of other entities. 

 

The topics covered at CA Intermediate Level in Advanced Accounting

  • Accounting Standards – 7,9,14,18,19,20,24,26 & 29 & Guidance notes  
  • Company Accounts – ESOP, buy back, Equity shares with differential rights, underwriting of shares/debentures  
  • Financial reporting of Banking, Insurance & Non- Banking Finance companies and Mutual funds 
  • Amalgamation, Consolidation & liquidation of companies 
  • Valuation of goodwill 

 

The best approach to study CA Intermediate Advanced Accounting

  • Since both Amalgamation and Consolidation are there in the ICAI syllabus, practice problems with time in mind to avoid mismanagement of time in exams. Write mock tests given by ICAI 
  • Show detailed steps through working notes; give proper reference to working notes   
  • Normally, stepwise marking approach is followed, so do not worry if the balance sheet does not tally; based on your time allocation, keep moving to the next question 
  • Solve the problems on your own; do not see the answer till end. This helps you to identify your strengths and weakness so that you can work on them 
  • Never skip easy chapters like underwriting, Banking & Insurance company accounting 
  •  In case of Insurance companies and Banking companies, learn the schedule numbers properly 

Faculty

CA Chinmaya Hegde
CA Chinmaya Hegde
CA Srikanth M S
CA Srikanth M S

Resources

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