Financial Accounting TYBCOM Semester VI Manan Prakashan

Content:
1. AS – 14 – Amalgamtion, Absorption and External Reconstruction (Excluding Inter-Company holdings) (15 Lec.)
In the nature of merger and purchase with corresponding accounting treatments of pooling of interests and purchase method respectively.
Meaning and Computation of Purchase Consideration.
Problems based on Purchase Method only.

2. Accounting of Transactions of Foreign Currency (15 Lec.)
In relation to purchase and sale of goods, services and assets and loan and credit transactions
Computation and Treatment of Exchange Rate Differences

3. Liquidation of Companies (10 Lec.)
Meaning of Liquidation or Winding up
Preferential Payments
Overriding Preferential Payments
Preparation of Statement of Affairs, Deficit / Surplus Account
Liquidator’s Final Statement of Account

4. Underwriting of Shares and Debentures (10 Lec.)
Introduction, Underwriting, Underwriting Commission
Provision of Companies Act with respect to Payment of Underwriting Commission
Underwriters, Sub-Underwriters, Brokers and Manager to Issues
Types of Underwriting, Abatement Clause
Marked, Unmarked and Firm-Underwriting Applications,
Liability of the Underwriters in respect of Underwriting Contract
Practical Problems

5. Accounting For Limited Liability Partnership (10 Lec.)
Statutory Provisions
Conversion of Partnership Firm into LLP
Final Accounts