Savitribai Phule Pune University, Maharashtra (SPPU), General , Advanced Accounting Syllabus

Advanced Accounting.

Course code - 302

Unit - 1 Accounting Standards & Financial Reporting (Introduction to IFRS-Fair Value Accounting)

Brief Review of Indian Accounting Standard :- AS- 3, AS-7, AS-12, AS-15 AS-17 to AS-25 simple practical examples of application nature.

Unit - 2 Final Accounts of Banking Companies 
Introduction of Banking Company - Legal Provisions - Non Performing Assets (NPA) - Reserve Fund - Acceptance, Endorsements & Other Obligations - Bills for Collection - Rebate on Bills Discounted - Provision for Bad and Doubtful Debts - Preparation of Final Accounts in vertical form as per Banking Regulation Act 1949.  Introduction to Core Banking System.

Unit -3 Insurance Claim Accounts 
A. Claim for Loss of Stock - Introduction - Procedure for Calculation - Average Clause - Treatment of abnormal items of goods - Under & Overvaluation of Stock.
B. Claim for Loss of Profit - Introduction - Indemnity under policy - Some important terms - Procedure for ascertaining claims.
C. Claim for Loss of Fixed Assets - Introduction - Some important terms - Procedure for ascertaining claims.

Unit - 4 Final Accounts of Co-operative Societies 
a. Credit Co-operative Societies :-
b. Consumer Co-operative Societies :-
Meaning - Allocation of Profit as per Maharashtra State Co-operative Societies Act. Preparation of Final Accounts of Credit Co-operative Societies and Consumer Co-operative Societies.

Unit - 5 Computerized accounting practices:-
A. VAT & VAT Report
B. Service Tax
C. Central Value Added Tax
D. Income Tax - Tax Deducted at Source (TDS)
Including entries with the help of Accounting Software. (Demonstration and Hands Experience.)

Unit - 6 Branch Accounts 
Stock and Debtors System :- Introduction - Types of Branches - Goods supplied at Cost & Invoice Price.

Unit - 7 Single Entry System

Conversion of Single Entry into Double Entry :- Introduction - Preparation of Cash Book - Total Debtor Account - Total Creditor Account - Final Accounts.

Unit - 8 Analysis of Financial Statements 
Ratio Analysis :- Meaning - Objectives - Nature of Ratio analysis - Problems on Ratio Analysis restricted to the following Ratio only - *Gross Profit Ratio *Net Profit Ratio * Operating Ratio * Stock Turnover Ratio * Debtor Turnover Ratio * Current Ratio * Liquid Ratio * Debt to Equity Ratio.

Recommended Books:-
1. Advanced Accounts: By M.C. Shukla & S.P. Grewal (S.Chand & Co. Ltd. New Delhi)
2. Advanced Accountancy: By S.P. Jain & K.N. Narang ( Kalyani Publishers, New Delhi)
3. Advanced Accountancy: By R.L.Gupta & M. Radhaswamy (Sultan Chand & Sons, New Delhi)
4. Advanced Accounting: By Dr. K.N. Jagtap, Dr. S. Zagade.
5. Student Guide to Accounting Standards : D.S. Rawat (Taxmann, New Delhi)
6. Accounting Standards : Sanjeev Singhal.
7. Principal of Management Accounting : Dr. S.N. Maheshwari.
8. Advanced Management Accounting : Ravi Kishor.
Journals:-
1. The Chartered Accountant: Journal of the Institute of Chartered Accountants of India.
2. The Accounting World : ICFAI Hyderabad