CA Intermediate(IPCC) GroupII (Classes in Laxmi Nagar, Delhi) – Paper 5 – Advanced Accounting

CA Intermediate(IPCC) GroupII-Paper 5
Advanced Accounting Application of Accounting Standards Special Aspects of Company Accounts Financial Reporting of Banking, Financial Services
and Insurance Valuation of Goodwill

IPCC GroupII - Paper 5

What is the correct answer for 27 - 15

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Paper Details
Paper Title Faculty Name No. of Classes
CA Intermediate(IPCC) GroupII – Paper 5 Faculty Name 20 Classes
Intermediate Course Paper 5: Advanced Accounting (100 Marks)
Sections Weightage Content Area
I 20%-25% 1. Application of Accounting Standards:
    AS 7: Construction Contracts
    AS 9 : Revenue Recognition
    AS 14: Accounting for Amalgamations
    AS 18 : Related Party Disclosures
    AS 19: Leases
    AS 20 : Earnings Per Share
    AS 24 : Discontinuing Operations
    AS 26 : Intangible Assets
    AS 29 : Provisions, Contingent Liabilities and Contingent Assets.
    2. Application of Guidance Notes issued by the ICAI on specified accounting aspects.
II 35%-40% 3. Special Aspects of Company Accounts:
    (i) Accounting for employee stock option plans;

(ii) Buy back of securities;

(iii) Equity shares with differential rights;

(iv) Underwriting of shares and debentures
    4. Reorganization and Liquidation of Companies:
    (i) Accounting for amalgamation (excluding inter-company holding) and reconstruction;

(ii) Accounting involved in liquidation of companies.
III 15%-20% 5. Financial Reporting of Banking, Financial Services and Insurance (BFSI)
    (i) Insurance companies;

(ii) Banking companies;

(iii) Non-Banking Financial Companies;

(iv) Mutual funds

and regulatory requirements thereof.
IV 20%-25% 6. Valuation of goodwill
    7. Consolidated Financial Statements
    Concept of consolidation and simple problems on Consolidated Financial Statements with single subsidiary (excluding problems involving acquisition of Interest in Subsidiary at Different Dates; Different Reporting Dates of Holding and Subsidiary; Disposal of a Subsidiary and Foreign Subsidiaries)