COMPANY ACCOUNTS, COST AND MANAGEMENT caclubindia.s3.?31/03/2008Redemption of Debenture out ... Interest on Own Debentures 24. Purchase of Debentures before the Specified Date of Payment

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  • EXECUTIVE PROGRAMME

    COMPANY ACCOUNTS, COST AND MANAGEMENT ACCOUNTING

    C O N T E N T S

    PART A: COMPANY ACCOUNTS

    STUDY I

    ACCOUNTING STANDARDS

    LEARNING OBJECTIVES

    1. Introduction

    2. Meaning of Accounting Standards

    3. Significance of Accounting Standards

    4. Need for Accounting Standards

    5. Scope of Accounting Standards

    6. Compliance of Accounting Standards

    7. Accounting Standards Board

    8. Procedure of Issuing Accounting Standards

    9. Indian Accounting Standards

    10. International Accounting Standards

    11. International Financial Reporting Standards

    LESSON ROUND-UP

    SELF-TEST QUESTIONS

    STUDY II

    ACCOUNTING FOR SHARE CAPITAL

    LEARNING OBJECTIVES

    1. Introduction

    2. Books of Account

    3. Persons Responsible for Keeping the Books of Account

    4. Statutory Books

    5. Statistical Books

    6. Shares and Share Capital

    7. Preference Shares

    8. Equity Shares

    9. Share Capital in Companys Balance Sheet

    10. Issue of Shares

    11. Issue of Shares for Cash

    12. Issue of Shares at Par

    13. Stockinvest Scheme

    14. Under-subscription of Shares

    15. Over-subscription of Shares

    16. Calls-in-Advance

    17. Interest on Calls-in-Advance

    18. Calls in Arrear and Interest on Calls in Arrear

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    19. Issue of Shares at Premium

    20. Issue of Shares at Discount

    21. Issue of Shares for Consideration other than Cash

    22. Issue of Shares to Vendors

    23. Issue of Shares to Promoters

    24. Forfeiture of Shares

    25. Re-issue of Forfeited Shares

    26. Forfeiture and Re-issue of Shares Allotted on Pro-rata Basis in case of Over-Subscription

    27. Lien on Shares

    28. Buy-back of Shares

    29. Redemption of Preference Shares

    30. Rights Issue

    LESSON ROUND-UP

    SELF-TEST QUESTIONS

    STUDY III

    ISSUE AND REDEMPTION OF DEBENTURES

    LEARNING OBJECTIVES

    1. Loan Capital

    2. Issue of Debentures

    3. Debentures Issued for Cash

    4. Issue of Debentures at Par

    5. Issue of Debentures at Premium

    6. Issue of Debentures at Discount

    7. Debentures Issued for Consideration other than Cash

    8. Debentures Issued as Collateral Security

    9. Terms of Issue of Debentures

    10. Interest on Debentures

    11. Writing off the Discount on Issue of Debentures

    12. Loss on Issue of Debentures

    13. Redemption of Debentures

    14. Mobilisation of Funds for Redemption of Debentures

    15. Methods of Redemption of Debentures

    16. Protection of the Interest of the Debentureholders

    17. Redemption of Debenture out of Profit

    18. Redemption out of the Proceeds of Fresh Issue of Shares or Debentures

    19. Redemption out of Sale Proceeds of Assets of the Company

    20. Purchase of Debentures in the Open Market

    21. Purchase of Debentures for Immediate Cancellation

    22. Purchase of Debentures as Investment (Own Debentures)

    23. Interest on Own Debentures

    24. Purchase of Debentures before the Specified Date of Payment of Interest (Cum-Interest and Ex-Interest Quotations)

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    25. Conversion of Debentures into Shares

    LESSON ROUND-UP

    SELF-TEST QUESTIONS

    STUDY IV

    UNDERWRITING OF ISSUES AND ACQUISITION OF BUSINESS

    LEARNING OBJECTIVES

    1. Underwriting Agreement

    2. Underwriters and Brokers

    3. Types of Underwriting

    4. Underwriting Commission

    5. Payment of Underwriting Commission

    6. Marked and Unmarked Applications

    7. Determining the Liability of Underwriters

    8. Accounting Treatment relating to Underwriting of Shares or Debentures

    9. Acquisition of Business

    10. Important Points to be noted in Connection with Acquisition of Business

    11. Accounting Entries in the Books of the Purchasing Company on Acquisition

    12. Profit or Loss Prior to Incorporation

    13. Methods to Ascertain Profit or Loss Prior to Incorporation

    14. Basis of Apportionment of Expenses

    15. Preliminary Expenses

    LESSON ROUND-UP

    SELF-TEST QUESTIONS

    STUDY V

    FINAL ACCOUNTS OF JOINT STOCK COMPANIES

    LEARNING OBJECTIVES

    1. Introduction

    2. Preparation and Presentation of Final Accounts

    3. Form and Contents of Balance Sheet and Profit and Loss Account

    4. Schedule VI of the Companies Act, 1956

    5. Profit and Loss Account

    6. Profit and Loss Appropriation Account

    7. Requirement of True and Fair

    8. Treatment of Special Items while Preparing the Final Accounts

    9. Managerial Remuneration

    10. Legal Restrictions

    11. Remuneration to Directors

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    12. Remuneration to Manager

    13. Determination of Net Profit for Calculation of Managerial Remuneration

    14. Appropriation or Disposition of Profits

    15. Transfer of Profits to Reserves

    16. Declaration of Dividend out of Reserves

    17. Dividend

    18. Dividend on Preference Shares

    19. Dividend on Partly paid-up Shares

    20. Declaration of Dividend

    21. Tax on Distributed Profit

    22. Payment of Dividend

    23. Interim Dividend

    24. Payment of Dividend out of Capital Profits

    25. Payment of Dividend out of Current Profits without

    Making Good Past Losses

    26. Capitalisation of Profits and Reserves or Issue of Bonus Shares

    27. Payment of Interest out of Capital

    LESSON ROUND-UP

    SELF-TEST QUESTIONS

    STUDY VI

    CONSOLIDATION OF ACCOUNTS

    LEARNING OBJECTIVES

    1. Definitions

    2. Legal Requirements for Preparation and Presentation of Final Accounts of a Holding Company and its Subsidiary/Subsidiaries

    3. Consolidation of Balance Sheet and Profit and Loss Account

    4. Preparation of Consolidated Balance Sheet

    5. Investment in Shares of Subsidiary Company

    6. Minority Interest

    7. Pre-acquisition Profits and Reserves of Subsidiary Company

    8. Pre-acquisition Losses of Subsidiary Company

    9. Profit on Revaluation of Assets of Subsidiary Company

    10. Loss on Revaluation of Assets of Subsidiary Company

    11. Goodwill or Cost of Control

    12. Post-acquisition Profits or Losses

    13. Inter-company Unrealised Profits included in Unsold Goods

    14. Inter-company Transactions

    15. Contingent Liabilities

    16. Preference Shares in Subsidiary Company

    17. Bonus Shares

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    18. Treatment of Dividend Received from Subsidiaries

    19. Holding Company Consisting of more than one Subsidiary

    20. Preparation of Consolidated Profit and Loss Account

    LESSON ROUND-UP

    SELF-TEST QUESTIONS

    STUDY VII

    VALUATION OF SHARES AND INTANGIBLES ASSETS

    LEARNING OBJECTIVES

    I. VALUATION OF SHARES

    1. Need for Valuation of Shares

    2. Methods of Valuation of Shares

    3. Determination of Normal Rate of Return and Capitalization Factor

    4. Fair Value of Shares

    5. Special Factors for Valuation of Shares

    6. Valuation of Preference Shares

    II. VALUATION OF INTANGIBLE ASSETS

    7. Intangible Assets

    8. Identifiably of Intangible Assets

    9. Recognition and Initial Measurement of an Intangible Asset

    10. Separate Acquisition of Intangible Assets

    11. Acquisition of Intangible Assets as Part of an Amalgamation

    12. Acquisition of Intangible Assets by way of a Government Grant

    13. Internally Generated Goodwill

    14. Cost of an Internally Generated Intangible Asset

    15. Recognition of an Expense on Intangible Asset

    16. Subsequent Expenditure on Intangible Assets

    17. Amortization on Intangible Assets

    18. Recoverability of the Carrying AmountImpairment Losses

    19. Retirements and Disposals on Intangible Assets

    LESSON ROUND-UP

    SELF-TEST QUESTIONS

    PART B : COST AND MANAGEMENT ACCOUNTING

    STUDY VIII

    INTRODUCTION TO COST AND MANAGEMENT ACCOUNTING

    LEARNING OBJECTIVES

    1. Concepts of Cost

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    2. Costing, Cost Accounting and Cost Accountancy

    3. General Principles of Costing

    4. Objectives of Cost Accounting

    5. Importance of Cost Accounting

    6. Classifications of Costs

    7. Cost Centre and Cost Unit

    8. Techniques of Costing

    9. Methods of Costing

    10. Installation of a Costing System

    11. Practical Difficulties in Installing a Costing System

    12. Management Accounting

    13. Nature of Management Accounting

    14. Scope of Management Accounting

    15. Role of Management Accountant

    16. Tools and Techniques of Management Accounting

    17. Difference between Financial Accounting and Cost Accounting

    18. Difference between Financial Accounting and Management Accounting

    19. Difference between Cost Accounting and Management Accounting

    20. Limitations of Management Accounting

    LESSON ROUND-UP

    SELF-TEST QUESTIONS

    STUDY IX

    MATERIAL COST

    LEARNING OBJECTIVES

    1. Cost of Materials

    2. Methods of Purchasing

    3. Purchase Procedure

    4. Pricing of Stores Receipts

    5. Store-keeping

    6. Functions of Store-keeping

    7. Classification and Codification of Materials

    8.

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