7483800690
7483800690

Paper 12 :

Company Accounts and Audit

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Company Accounts and Audit

Series 1
Series 2

Section A: Accounts of Joint Stock Companies

01    Accounting of Shares and Debentures

 

 17 Lectures                Know More

03   Cash Flow Statement

 

8 Lectures                Know More

05    Accounting Standards

 

11 Lectures                Know More

02    Presentation of Financial Statements (As per Schedule III)

 

4 Lectures        Know More

04   Accounts of Banking, Electricity and Insurance Company

 

 13 Lectures        Know More

Section B: Auditing

06    Auditing Concepts

 

 9 Lectures                Know More

07    Provision Relating to Audit under Companies Act

 

12 Lectures        Know More

01    Accounting of Shares and Debentures

 

 8 Lectures                Know More

About Company Accounts and Audit

 

Company Accounts is the set of financial records showing the details of a company’s profit and losses which are to be produced at the end of the year. Audit is the inspection and verification of Company Accounts.

As a CMA, you need to obtain an in-depth knowledge of how to prepare financial statements including procedures, principles and the professional standards. As a CMA, you will need to perform cost audits of companies. But you also need to have some basic knowledge of other types of audit to get a general idea of the procedure. As such, you are introduced to the basic concepts of auditing. 

 

The topics covered in Company Accounts and Audit at the CMA Intermediate level

  • You will learn about Accounts of Joint Stock Companies which include the Accounting of Shares and Debentures, Presentation of Financial Statements, Cash Flow Statement and the Accounts of Banking, Electricity and Insurance Companies 
  • You will get an introduction to Accounting Standards (AS – 11, 12, 15, 16, 17, 18 and 19) 
  • Under Auditing, you will learn about basic Auditing Concepts, and the provision related to Auditing under the Companies Act 

 

The best approach to study Company Accounts and Audit

  • This is a practical paper and so, you must solve a lot of problems 
  • Take short notes and mark the concepts you find difficult so that you come back to them when revising 
  • Keep yourself updated with the latest amendments regarding Accounting Standards 
  • Study consistently and do not wait for the last minute 
  • Do not ignore any part of the syllabus

Faculty

CA Srikanth M S
CA Srikanth M S
CA Chinmaya Hegde
CA Chinmaya Hegde
CA Vikas Oswal
CA Vikas Oswal
CA Rochelle D'sa
CA Rochelle D'sa

Resources

Question Paper Dec 2018
Question Paper June 2019

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