Financial Accounting – VI TYBAF SEMESTER V Manan Prakashan

1. Final Accounts of Banking CompanyLegal provision in Banking Regulation Act, 1949 relating to Accounts.

Statutory reserves including Cash Reserve and Statutory Liquidity Ratio.

Bill purchase and discounted, rebate of bill discounted.

Final Accounts in prescribed form

Non–performing assets and Income from non–performing assets.

Capital Adequacy

Classification of Advances, standard, sub–standard, doubtful and provisioning requirement.

2. Final Accounts of Insurance Company (Excl. Life Insurance)

General Insurance – Various types of insurance, like fire, marine,  Miscellaneous, Special terms like premium, claims, commission, Management expenses, Reserve for unexpired risk, reinsurance

Final Accounts in a prescribed form. Revenue Statement – Form B – RA, Profit / Loss Account – Form B – PL and Balance Sheet Form B – BS.

3. Non-Banking Financial Companies

Introduction, Definition, Registration and Regulation, Classification, Income Recognition, Accounting of Investment, Applicability of Prudential Norms, Assets Classification, Non-Performing Assets, Capital Adequacy, Preparation of Financial Statement

4. Valuation of Goodwill and Shares

Valuation of Goodwill

Maintainable Profit Method, Super Profit Method

Capitalisation Method, Annuity Method

Valuation of Shares

Intrinsic Value Method, Yield Method and Fair Value Method

5. Accounting For Limited Liability Partnership

Statutory Provisions

Conversion of partnership business into Limited Liability Partnership

Final accounts