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Ipcc group ii

Sarvesh (student) (287 Points)

15 April 2013

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...

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3 Replies

Sathish M (Management Accountant) (40581 Points)
Replied 16 April 2013

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.

Sarvesh (student) (287 Points)
Replied 16 April 2013

GROUP II

Paper 5: Advanced Accounting

(One paper –three hours – 100 marks)

Level of Knowledge: Working Knowledge

Objectives:

(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

Contents

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)

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

Institute.

https://220.227.161.86/14621IPCC_Syllabus.pdf

Sarvesh (student) (287 Points)
Replied 16 April 2013

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

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