Chartered Accountancy- Professional Competence Course (PCC) Subject: Advanced Accounting --- Important Areas for Chapter-2: Accounting

Standards (for $uestions carrying !%& mar's) AS-&: Contingencies and events occurring after the balance sheet date AS-(: et Profit or loss for the period) Prior Period Items and Changes in accounting policies ovember !""#

AS-*: Construction Contracts AS-+": Accounting for ,i-ed Assets AS-++: .he /ffects of changes in ,oreign /-change 0ates (amended vide notification dated 1+-1-"#) AS-+!: Accounting for 2overnment 2rants AS-+1: Accounting for Investments AS-+#: 3eases AS-!4: Intangible Assets AS-!#: Provisions) Contingent 3iabilities and Contingent Assets Chapter-3: Company Accounts Cash ,lo5 Statement-I 6I0/C. 7/.896-(,or !" mar's) Accounting for bonus issue Accounting for /S9P :uy :ac' of securities ;nder5riting of shares and debentures-(,or &%< mar's) 0edemption of debentures-(,or &%< mar's) Accounting for Amalgamation) Internal 0econstruction-(,or !" mar's) Chapter-4 ,inancial Statements of :an'ing Company ,inancial Statements of Insurance Company Chapter-5 Average 6ue 6ate Account Current Self-:alancing 3edgers

Chapter-6: NIL Chapter-7 : Accounts rom incomp!ete records- (see basic concepts and the techni$ue of preparing) Chapter-": Accounting or specia! transactions 8ire Purchase (full) partial%repossession) 6epartmental Accounts (interdepartmental transfers at mar'et price) finding out correct profit) :ranch Accounts =dependent (5holesale price system)) independent (adjustment of entries and reconciliation) and foreign (conversion into foreign currencies)> Insurance Claims (loss of stoc' cum lost of profit) Chapter-#: Ad$anced Issues in %artnership Accounts 6issolution of Partnership firms: 2arner ?S 7urray and also Piecemeal 6istribution@ (for < mar's) Amalgamation of ,irms (for !" mar's) Conversion of firm into company and sale to a company (for < mar's) Admission cum retirement (for !" mar's) Chapter-&': Accounting in computerised en$ironment Advantages and disadvantages of outsourcing the accounting function (for & mar's) Advantages and disadvantages of using an /0P pac'age (for & mar's) Advantages and disadvantages of a customised accounting pac'age (for & mar's)