pcc accounts help?

Chartered Accountancy- Professional Competence Course (PCC)

Subject: Advanced Accounting --- Important Areas

Chapter-2: Accounting Standards (for questions carrying 2/4 marks)
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 policies
AS-7: Construction Contracts
AS-10: Accounting for Fixed Assets
AS-11: The Effects of changes in Foreign Exchange Rates (amended vide notification dated 31-3-09)
AS-12: Accounting for Government Grants
AS-13: Accounting for Investments
AS-19: Leases
AS-26: Intangible Assets
AS-29: Provisions, Contingent Liabilities and Contingent Assets

Chapter-3:
Company Accounts
Cash Flow Statement-INDIRECT METHOD-(For 20 marks)
Accounting for bonus issue
Accounting for ESOP
Buy Back of securities
Underwriting of shares and debentures-(For 4/8 marks)
Redemption of debentures-(For 4/8 marks)
Accounting for Amalgamation, Internal Reconstruction-(For 20 marks)

Chapter-4
Financial Statements of Banking Company
Financial Statements of Insurance Company

Chapter-5
Average Due Date
Account Current
Self-Balancing Ledgers

Chapter-6: NIL

Chapter-7 :
Accounts from incomplete records- (see basic concepts and the technique of preparing)

Chapter-8:
Accounting for special transactions
Hire Purchase (full, partial/repossession)
Departmental Accounts (interdepartmental transfers at market price, finding out correct profit)
Branch Accounts [dependent (wholesale price system), independent (adjustment of entries and reconciliation) and foreign (conversion into foreign currencies)]
Insurance Claims (loss of stock cum lost of profit)

Chapter-9:
Advanced Issues in Partnership Accounts
Dissolution of Partnership firms: Garner VS Murray and also Piecemeal Distribution. (for 8 marks)
Amalgamation of Firms (for 20 marks)
Conversion of firm into company and sale to a company (for 8 marks)
Admission cum retirement (for 20 marks)

Chapter-10:
Accounting in computerised environment
Advantages and disadvantages of outsourcing the accounting function (for 4 marks)
Advantages and disadvantages of using an ERP package (for 4 marks)
Advantages and disadvantages of a customised accounting package (for 4 marks)