Sinking fund method/debenture redemption fund method
2.9.1
Explain Sinking Fund method for redemption
2.9.2
How to account Interest on Own Debenture
cum-interest
2.9.3
Explain ex-interest/
2.9.4
Accounting for Debenture issued as Collateral Security
PROBLEMS WITH SOLUTION FOR SELF-STUDY
35 35 38 40 40 41
3 UNDERWRITING
3.1
Why underwriting is needed
3.2
What is provision regarding underwriting commission
3.3
Explain minimum subscription
3.4
Explain how underwriters liability is determined
3.5
Explain firm underwriting
3.6
How share applications are classified & dealt with
PROBLEMS WITH SOLUTION FOR SELF-STUDY
64 64 65 65 68 70 70
4 LIQUIDATION
4.1
Explain winding up
4.2
Modes of winding up (section 425)
4.3
Who performs winding up Acts
4.4
Who appoints liquidator
4.5
Liquidators final statement of account
4.6
Statement of Affairs (u/s 454)
4.7
Deficiency Account (List H)
4.8
The order of payment (disbursement) in liquidation
81 81 82 82 82 83 83 85
SPECIAL POINTS
4.9
How secured creditors claim will be dealt with during liquidation
4.10
Can any one else claim on the security of a secured creditor or what are the provisions regarding payment of workmens dues?
4.11
Explain provision regarding liquidators remuneration and its calculation
4.12
Preferential creditor
4.13
List the preferential creditor
4.14
How debenture holders claim is dealt with
4.15
Payment to debenture holders having floating charge
4.16
Accrued interest on debentures having floating charge or are unsecured
4.17
When unsecured creditors will be paid
4.18
Preference shareholders claim
4.19
Provisions regarding equity shareholders
4.20
Loss to be born by shareholders
4.21
Provision regarding List B contributories or can past shareholders be called upon to contribute
PROBLEMS WITH SOLUTION FOR SELF-STUDY
85 86 86 87 87 88 88 88 88 88 89 89 93 95
CONTENTS
I-12
PAGE
5 FINANCIAL STATEMENTS OF BANKING COMPANY
5.1
Some important points
5.1.1
Statutory Reserve
5.1.2
Rebate on Bills discounted
5.1.3
Presentation of Bad debts and Provision for bad & doubtful debts
5.1.4
Presentation of Income-tax and Income-tax provision
5.1.5
Explain presentation of Profit/loss on sale or revaluation of investments, gold etc. & Profit/loss on sale of land building & other assets & Profit/loss on exchange transactions
5.2
5.3
5.4
5.5
5.6
5.1.6
Presentation of Gold & Silver
5.1.7
Explain current a/c control a/c balance
5.1.8
Writing off of all of fictitious assets
5.1.9
Acceptances, Endorsement & Other obligation
5.1.10
Bills for Collection
Income recognition
5.2.1
Recognition of Income on Banks advances
5.2.2
NPA (Non-Performing Assets )
5.2.3
Criteria for classifying various types of advances into NPA
Classification of assets (advances) for provisioning
5.3.1
Classification of Bank Advances
5.3.2
Explain provisioning norms
Classification of investments for valuation
5.4.1
Category of Investments
5.4.2
How Investment are classified for valuation
5.4.3
How Investment of a Bank are valued : Valuation of Investments
Treatment of Deficiency as per Garner v. Murray rule
10.1.8
Will deficiency be charged to a solvent partner having debit capital balance
10.1.9
When all the Partners are Insolvent
Piecemeal distribution
10.2.1
Meaning of Piecemeal Distribution
10.2.2
Maximum Loss Method
10.2.3
Adjusted Capital Method
Sale to a company/conversion of a firm into company
10.3.1
Meaning
10.3.2
Distribution of shares/debentures etc. between partners when the buyer Company pays the consideration by issuing shares
10.3.3 10.4
Entries when same books of account is continued
Amalgamation of firms
10.4.1
Meaning
10.4.2
Accounting in the books of Vendor Firm
10.4.3
Accounting in the books of Purchaser Firm
PROBLEMS WITH SOLUTION FOR SELF-STUDY DISSOLUTION : INSOLVENCY OF PARTNER PIECEMEAL DISTRIBUTION CONVERSION TO A FIRM CONVERSION TO A COMPANY/SALE TO A COMPANY AMALGAMATION OF FIRM
ABOUT THE VIDEO LECTURESVIDEO LECTURES ON ADVANCED ACCOUNTING in 5 DVDs covering the entire syllabus prescribed for CA-IPCC - Group II
DVD 1 o o o o
ACCOUNTING ASPECTS FUNDAMENTALS OF ACCOUNTING SHARES - SOME SPECIAL ISSUES & REDEMPTION OF DEBENTURES UNDERWRITING
DVD 2 o LIQUIDATION o BANKING COMPANY ACCOUNTS o INSURANCE COMPANY ACCOUNTS
DVD 3 o ELECTRICITY COMPANY ACCOUNT o DEPARTMENT ACCOUNT o BRANCH ACCOUNT
DVD 4 o PARTNERSHIP DISSOLUTION o AMALGAMATION
DVD 5 o INTERNAL RECONSTRUCTION o ACCOUNTING STANDARDS
SYSTEM REQUIREMENTS & OTHER ISSUES
PC Processor : 2 GHz and above Operating System : Window 7/Window XP/ Window Vista RAM : 1 GB (Recommended 2 GB and above) DVD Drive : 8X (Recommended 12X and above) Minimum free Hard drive space required : 50 MB Resolution : Best viewed at 1024 by 768 pixels The DVDs shall expire within 1 year from the date of activation The DVDs shall work only on the System in which it is first installed