Ipcc Advance accounts :

Electricity Company - 

         Old module of our institute have topics like, Replacment, Disposal of Surplus.. But in new module their is no such topics. 

So my question is Replacment n Disposal of surplus is applicable for May 13 or not ?

thanks in Advance 2 all...

Management Accountant

Check the syllabus applicable for you, if these topics are not included, then relax. It is also recommended to see any questions which has appeared in the recent past, if yes then study those topics else don't worry.


Paper 5: Advanced Accounting
(One paper –three hours – 100 marks)
Level of Knowledge: Working Knowledge
(a) To have an understanding of the conceptual framework for the preparation and presentation of 
financial statements; 
(b) To gain working knowledge of the professional standards and application of accounting 
principles to different practical situations; and
(c) To gain the ability to solve advanced problems in the case of different entities.
1. Conceptual Framework for Preparation and Presentation of Financial Statements 
2. Accounting Standards 
Working knowledge of:
AS 4 : Contingencies and Events occurring after the Balance Sheet Date
AS 5 : Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting PoliciesPage 11 of 15
AS 11: The Effects of Changes in Foreign Exchange Rates (Revised 2003)
AS 12: Accounting for Government Grants
AS 16: Borrowing Costs
AS 19: Leases
AS 20: Earnings Per Share
AS 26: Intangible Assets
AS 29: Provisions, Contingent Liabilities and Contingent Assets.
3. Advanced Issues in Partnership Accounts 
Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of 
partnership firms; Conversion into a company and Sale to a company.
4. Company Accounts
(a) Accounting for employee stock option plan, Buy back of securities, Equity shares with 
differential rights, Underwriting of shares and debentures, Redemption of debentures
(b) Advanced problems for business acquisition, Amalgamation and reconstruction (excluding 
problems of amalgamation of inter-company holding)
(c) Accounting involved in liquidation of companies, Statement of Affairs (including 
deficiency/surplus accounts) and Iiquidator’s statement of account of the winding up.
(d) Financial Statements of Banking, Insurance and Electricity Companies 
5. Accounting for Special Transactions
Departmental and branch accounts including foreign branches
Note : 
If either old Accounting Standards (ASs), Announcements and Limited 
Revisions to ASs are withdrawn or new ASs, Announcements and Limited Revisions to ASs are 
issued by the Institute of Chartered Accountants of India in place of existing ASs, 
Announcements and Limited Revisions to ASs, the syllabus will accordingly include/exclude such 
new developments in place of the existing ones with effect from the date to be notified by the 



This is gven on our ICAI website. So m confused.




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