Amalgamation, absorption and external reconstruction of companies under cases of intercompany
owing and inter-company holding; steps for internal reconstruction.
Preparation of deficiency/surplus account on liquidation of companies; liquidation final
statement of accounts; receiver’s statement of accounts.
Accounts from incomplete records – features – profit from operations – statement of affairs
method and conversion method.
Insurance claims – loss of stock – procedures – procedure for calculation – average clauses –
treatment of abnormal items of goods – loss of profit – indemnity under policy – important
terms – procedure for ascertaining claims – average clause.
(a) Farm accounting – features – objectives – recording of transactions – preparation of
(b) Human resource accounting – objectives – methods of valuation – advantages and
disadvantages –HRAin India.
(c) Government accounting – commercial accounting vs government accounting –
classification of government accounting in India – comptroller and Auditor General of
India – Public Accounts Committee – Estimate Committee – Committees on Public
Undertakings – compilation of accounts.
(d) Investment accounts – types – entries in the books of the investors – ex-interest and
cum-interest – ex-dividend and cum-dividend – brokerage – right shares – bonus shares.
(e) Voyage accounts – important items – preparation of voyage accounts.
(f) Accounting for price level changes; methods – CPP, CCA and hybrid.
(g) Social cost accounting.
International Accounting Standards – arguments for and against standards – broad outlines
– formulation of accounting standards – recent trends in presentation of company financial
statements. Interpretation of financial statements.
MCom (Masters in Commerce) Subjects