Advanced Accountancy Volume I

Over the years Advanced Accountancy has emerged as the definitive and comprehensive textbook on accountancy as it completely meets the requirements of students preparing for BCom, MCom, MBA, BBA and professional examinations conducted by different institutions, such as the Institute of Chartered Accountants of India, the Indian Institute of Bankers, the Institute of Company Secretaries of India, and the Institute of Cost Accountants of India. New in this Edition • Basic features of the 32 Accounting Standards of India issued by the Institute of Chartered Accountants of India and 40 Indian Accounting Standards (Ind AS) notified by the Ministry of Corporate Affairs. • Updation and convergence of Indian accounting standards with international financial reporting standards. • Strengthening and updating of the text material in the light of new accounting standards. • Latest questions and problems from examinations conducted by different professional bodies and universities.

The 14th Revised Edition of the book "Corporate Accounting" includes the provision of the Companies Act, 2013, SEBI rules and regulations and Accounting Standards, wherever applicable. The whole book has been updated and corrections made wherever required. Theory and accounting treatment has been revised as per Accounting Standards – 4 (Revised) and Companies (Amendment) Act, 2019. Each aspect of a chapter has been discussed in detail in order to meet the requirements of the syllabus prescribed by different universities and professional institutes. Salient Features of the Book The following features are worth nothing in the present text: • The illustrations and assignment material has been made to conform to the requirements of Schedule III of the Companies Act, 2013. The relevant problems/ solutions has also been revised. • The revised revision of Paragraph 14 of Accounting Standards — 4 concerning Financial Statements regarding Proposed final dividend has been incorporated at relevant pages and the illustrations amended accordingly. • The relevant provisions of Ind AS — 7: Statements of Cash Flows dealing with Bank Overdraft and Proposed Dividend have also been taken care of in this book. • In the chapter of Redemption of Debentures, the treatment of interest on Debenture Redemption Funds Investments or Profit (or Loss) on the sale of DRFI have been also summerised in the chapter. • All chapters have been revised and udapted. Problem of each chapter have been suitably graded and edited to include questions of topical interest. We are confident that the book in its revised form will be more useful for B.Com (Pass and Hons.), M.Com, M.B.A., C.A., I.P.C.E, C.A.(Final), I.C.M.A. (Stage II) and Company Secretaries (Executive Programme) Examinations.

Over the years Advanced Accountancy has emerged as the definitive and comprehensive textbook on accountancy as it completely meets the requirements of students preparing for B.Com., M.Com., MBA, and Professional examinations conducted by different institutions, such as the Institute of Chartered Accountants of India (ICAI), the Indian Institute of Bankers (IIB), the Institute of Company Secretaries of India (ICSI), and the Institute of Cost & Works Accountants of India (ICWAI).

Any Book On Solved Problems Would Be Welcome By The Students As They Dread The Unsolved Problems The Most. Problems And Solutions In Advanced Accountancy-Vol. I And Ii Is The Result Of Realization Of The Same Fact. However, This Book Will Serve Its Purpose The Best If Before Referring To It The Students Have Attempted To Solve The Questions On Their Own. The Book Has Been Designed Specially To Serve As A Complementary Set To The Textbook Advanced Accountancy-Vol. I And Ii, Authored By The Same Team As Dr S N Maheshwari And Dr S K Maheshwari. It Contains Detailed Solutions To All The Practical Problems Given At The End Of Each Chapter In Advanced Accountancy, As Also Solutions To The Problems Set At The Recent University And Professional Examinations. Special Feature Of The Book Is That The Problems Have Been Properly Graded.

Over The Years Advanced Accountancy Has Emerged As The Definitive And Comprehensive Textbook On Accountancy As It Completely Meets The Requirements Of Students Preparing For B.Com., M.Com., Mba, And Professional Examinations Conducted By Different Institutions, Such As The Institute Of Chartered Accountants Of India (Icai), The Indian Institute Of Bankers (Iib), The Institute Of Company Secretaries Of India (Icsi), And The Institute Of Cost & Works Accountants Of India (Icwai).

This Book Covers Exhaustively The Various Accounting Systems Followed By Different Organisations. The Book Deals With The Theoretical Aspects To Aquaint The Readers About The Basic Knowledge Of The Accounting Principles Involved In The Preparation Of Various Types Of Accounts. This Is Supported By Many Problems Drawn From The Question Papers Of Various Universities And Professional Institutes. The Problems Are Graded According To The Difficulty Level Involved. At The End Of Each Chapter Few Theoretical Questions And Practical Problems With Answers Are Given To Enable Students To Tert There Understanding Ability.

Any Book On Solved Problems Would Be Welcome By The Students As They Dread The Unsolved Problems The Most. Problems And Solutions In Advanced Accountancy-Vol. I And Ii Is The Result Of Realization Of The Same Fact. However, This Book Will Serve Its Purpose The Best If Before Referring To It The Students Have Attempted To Solve The Questions On Their Own.

This comprehensive edition is the most authoritative text on advanced accounting topics. The book continues its legacy and provides a contemporary and comprehensive presentation of a wide spectrum of accounting concepts and applications. Detailed fundamentals provide a natural grounding and help in gaining accounting skills and knowledge. The book offers a structural presentation with over 500 clear illustrations, extensive exercise questions and updated accounting treatments. The book could be used to great advantage by accounting professionals