Revised Syllabus of Financial Accounting – Paper VII
3.6.5 Financial Accounting – Paper VII
Modules at a Glance
| Sr. No. | Modules | No. of Lectures |
| 1 | Valuation of Goodwill and Shares | 15 |
| 2 | Final Account for Electricity Company | 15 |
| 3 | Final Accounts for Co-Operative Society
– Co-Operative Housing Society – Consumer Co-Operative Society |
15 |
| 4 | Foreign Branch | 08 |
| 5 | Introduction to IFRS and Ind – AS | 07 |
| Total | 60 | |
| Sr. No | Modules /Units |
| 1 | Valuation of Goodwill and Shares |
| Valuation of Goodwill
Maintainable Profit method, Super Profit Method Capitalization method, Annuity Method Valuation of Shares Intrinsic Value Method, Yield method and Fair Value Method |
|
| 2 | Final Account for Electricity Company |
| Final Accounts as per Double Account System
– Final Accounts as per Electricity Rules – Receipt & Expenditure on Capital Account – General Balance Sheet – Contingency Reserve Disposal of Surplus (As per Electricity Rules): Norms regarding Disposal of Surplus Replacement of Assets Simple practical problems |
|
| 3 | Final Accounts for Co-Operative Society
(Co-Operative Housing Society & Consumer Co-Operative Society) |
| Provisions of Maharashtra State Co-Operative Societies Act and rules. Accounting provisions including appropriation to various funds
Format of Final Accounts – Form N Simple practical problems on preparation of final accounts of a Co-Operative housing society & Consumer Co-Operative Society |
|
| 4 | Foreign Branch |
| Conversion as per AS 11 and incorporation in HO accounts | |
| 5 | Introduction to IFRS and Ind – AS |
| Purpose & Objective of financial statement-its Frame work-its assumption, characteristics, element, recognition & measurement.
Convergence & first time adoption of IFRS First time adaptation of Indian Accounting Standard |
Note: Relevant Law / Statute & Accounting Standards in force on 1st April of every Academic Year shall be applicable for examination.
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