FINANCIAL ACCOUNTING – PAPER IX

Chpt 1. AS – 14 : Amalgamation, Absorption & External Reconstruction (Excluding Inter-company Holding)
– In the nature of Merger and Purchase with Corresponding Accounting Treatment of Pooling of Interest and Purchase Method Respectively, Meaning and Computation of Purchase Consideration , Problems based on Purchase Method only

Chpt 2. Accounting of Transactions of Foreign Currency
– In Relation to Purchase and Sale of Goods, Services and Assets and Loan and Credit Transactions , Computation and Treatment of Exchange Rate Differences

Chpt 3. Liquidation of Companies
– Meaning of Liquidation or Winding-up , Preferential Payments, Over-riding Preferential Payments , Preparation of Statement of Affairs, Deficit/Surplus Account , Liquidator’s Final Statement of Account

Chpt 4. Underwriting of Shares and Debentures
(A) Introduction, Underwriting, Underwriting Commission, Provisions of Companies Act with respect to Payment of Underwriting Commission, Underwriters, Sub-underwriters, Brokers and Managers to Issues, Types of Underwriting
(B) Abatement Clause, Marked, Unmarked and Firm Underwriting Applications, Liability of the Underwriters in respect of Underwriting Contract, Practical Problems

Chpt 5. Accounting for Limited Liability Partnership
– Statutory Provisions , Conversion of Partnership Firm into LLP , Final Accounts

– Model Question Paper