1Preface
1094.4.1 Chartered Company
2Chapter - 1 An Overview of Accounting
1104.4.2 Statutory Company
31.1 Introduction to Accounting
1114.4.3 Registered Corporation
41.2 Origin and Growth of Accounting
1124.5 Difference between Partnership and a Company
51.3 Meaning and Concept of Accounting
1134.5.1 Definition of Partnership
61.3.1 Recording
1144.5.2 Definition of Company
71.3.2 Summarizing
1154.6 Distinction between Private and Public Limited Companies
81.3.3 Reporting
1164.6.1 Definition of Private Limited Company
91.3.4 Analyzing
1174.6.2 Definition of Public Limited Company
101.4 Distinction between Book-Keeping and Accounting
1184.7 Formation of Company
111.4.1 Definition of Bookkeeping
1194.7.1 Promotion
121.4.2 Definition of Accounting
1204.7.2 Incorporation
131.5 Distinction between Accounting and Accountancy
1214.7.3 Raising Capital or Subscription of Capital
141.5.1 Accounting
1224.7.4 Commencement of Business
151.5.2 Accountancy
1234.8 Allotment of Shares
161.6 Nature and scope of Accounting
1244.8.1 Rules Regarding Allotment of Shares
171.6.1 Nature of Accounting
1254.8.2 Reasons for New Share Issuance and Allotment
181.6.2 Scope of Accounting
1264.9 Exercise
191.7 Objectives and limitations of Accounting
1274.10 Further Readings
201.7.1 Objectives of Accounting
128Chapter - 5. Shares and Debentures
211.7.2 Limitations of Accounting
1295.1 Introduction
221.8 Accounting Information
1305.2 Concept of Shares
231.8.1 Types of Accounting Information
1315.2.1 Definition of Shares
241.8.2 Users of Accounting Information
1325.2.2 Preferred Shares
251.8.3 Qualitative Characteristics of Accounting Information
1335.2.3 Difference between Shares and Debentures
261.9 Branches of Accounting
1345.2.4 Share Capital
271.9.1 Financial Accounting
1355.2.5 Full, Under and Over Subscription
281.9.2 Cost Accounting
1365.2.6 Calls in Arrears
291.9.3 Management Accounting
1375.2.7 Calls-In-Advance
301.9.4 Auditing
1385.2.8 Issue of Shares at Premium
311.9.5 Tax Accounting
1395.2.9 Issue of Shares at Discount
321.9.6 Fund Accounting
1405.2.10 Forfeiture of Shares
331.9.7 Government Accounting
1415.2.11 Surrender of Shares
341.9.8 Forensic Accounting
1425.3 Debentures
351.9.9 Fiduciary Accounting
1435.3.1 Features of a Debenture
361.10 Role of Accounting in business
1445.3.2 Classification of Debentures
371.10.1 Internal Management Accounting
1455.3.3 Issue of Debentures
381.10.2 Accounting Data for Decision-Making
1465.3.4 Writing Off Loss on Issue of Debentures
391.10.3 Accounting for Government Regulations
1475.4 Exercise
401.10.4 Accounting for Planning
1485.5 Further Readings
411.10.5 Using Accounting Data for Budgeting
149Chapter - 6. Company Final Accounts
421.10.6 Cost Accounting for Products
1506.1 Introduction
431.10.7 Ratio Analysis Based on Financial Data
1516.2 Meaning of Final Accounts
441.10.8 What-if Strategies
1526.2.1 Importance of Final Accounts in Accounting
451.10.9 Financial Accounting for External Users
1536.2.2 Need of Final Accounts
461.11 Systems of Accounting
1546.2.3 Use of Final Accounts
471.11.1 Single Entry System
1556.2.4 Objectives of Preparation of Final Accounts
481.11.2 Double entry System
1566.2.5 Adjustments in Final Accounts
491.12 Accounting Relationship with Other Disciplines
1576.3 Trading Account
501.12.1 Relationship between Accounting and Economics
1586.3.1 Reading of Debit side of Trading Account
511.12.2 Relationship between Accounting and Mathematics
1596.3.2 Format of Trading Account
521.12.3 Relationship between Accounting and Statistics
1606.3.3 Advantages of Trading Account
531.12.4 Relationship between Accounting and Law
1616.4 Manufacturing Account
541.12.5 Relationship between Accounting and Management
1626.4.1 Important Point Related to Manufacturing Account
551.13 Exercise
1636.4.2 Manufacturing Account Format
561.14 Further Readings
1646.5 Profit and Loss Account: 6.5.1 Profit and Loss Account Format
57Chapter - 2. Reconstitution of Partnership Firms
1656.6 Balance Sheet
582.1 Introduction
1666.6.1 Formula Used for a Balance Sheet
592.2 Admission of a Partner
1676.6.2 Limitations of Balance Sheets
602.2.1 New Profit Sharing Ratio
1686.6.3 Types of Balance Sheet Formats
612.2.2 Sacrificing Ratio
1696.7 Exercise
622.2.3 Goodwill
1706.8 Further Readings
632.3 Retirement of a Partner
171Chapter - 7. Financial Statements: Analysis and Interpretation
642.3.1 Adjustments for Retirement of a Partner
1727.1 Introduction
652.3.2 Final Payment to Retiring Partner
1737.2 Meaning and Types of Financial Statements
662.3.3 Settlement of Retiring Partner’s Claim
1747.2.1 Types of Financial Statements
672.4 Death of a Partner
1757.2.2 Importance of Financial Statements
682.4.1 Death of a Partner: Accounting Entries
1767.2.3 Limitations of Financial Statements
692.4.2 Calculation of Profit up to the Date of Death of a Partner
1777.3 Nature of Financial Statements
702.5 Amalgamation of Partnership Firms
1787.3.1 Recorded Facts
712.5.1 Objectives of Amalgamation of Partnership Firms
1797.3.2 Accounting Conventions
722.5.2 Accounting Procedure for Amalgamation of Partnership Firms
1807.3.3 Postulates
732.5.3 Journal Entries and Ledger Accounts for Amalgamation of Partnership Firms
1817.3.4 Personal Judgments
742.6 Exercise
1827.4 Analysis and Interpretation of Financial Statements
752.7 Further Readings
1837.4.1 Types of Financial Analysis
76Chapter - 3. Dissolution of a Partnership
1847.4.2 Objectives of Analysis and Interpretation of Financial Statements
773.1 Introduction
1857.4.3 Importance of Analysis and Interpretation of Financial Statements
783.2 Meaning of Dissolution of Partnership: 3.2.1 Distinction between Dissolution of Partnership and Dissolution of a firm
1867.4.4 Limitations of Financial Analysis
793.3 Modes of Dissolution of a Firm
1877.4.5 Techniques of Analysis and Interpretation
803.3.1 Dissolution by Agreement
1887.4.6 Steps Involved in the Financial Statement Analysis
813.3.2 Dissolution by Notice
1897.5 Exercise
823.3.3 Contingent Dissolution
1907.6 Further Readings
833.3.4 Compulsory Dissolution
1918. Funds Flow & Cash Flow Statement
843.3.5 Dissolution by Court
1928.1 Introduction
853.4 Settlement of Accounts
1938.2 Fund Flow Statement
863.4.1 Mode of Settlement of Accounts between Partners
1948.2.1 Meaning of Funds Flow Statement
873.4.2 Accounting Entries
1958.2.2 Objectives of Fund Flow Statement
883.5 Insolvency of Partners: 3.5.1 Garner v/s Murray, Rule Including Insolvency of a Firm
1968.2.3 Advantages of Funds Flow Statement
893.6 Exercise
1978.2.4 Limitations of Funds Flow Statement
903.7 Further Readings
1988.2.5 Importance of Fund Flow Statement
91Chapter - 4. Joint Stock Company
1998.2.6 Uses of Funds Flow Statement
924.1 Introduction
2008.2.7 Preparation of Fund Flow Statement
934.2 Meaning and Definition of a Company
2018.2.8 Funds Flow Statement vs. Income Statement
944.2.1 Definition of a Company
2028.2.9 Treatment of Provision for Taxation and Proposed Dividends
954.2.2 Advantages of Joint Stock Company
2038.3 Cash Flow Statement
964.2.3 Disadvantages of Joint Stock Company
2048.3.1 Meaning of Cash Flow Statement
974.3 Essential Characteristics of a Company
2058.3.2 Importance of Cash Flow Statement
984.3.1 Association of Persons
2068.3.3 Objectives of Cash Flow Statement
994.3.2 Independent Legal Entity
2078.3.4 Limitations of Cash Flow Statement
1004.3.3 Limited Liability
2088.3.5 Uses of Cash Flow Statement
1014.3.4 Common Seal
2098.3.6 Features of Cash Flow Statement
1024.3.5 Transferability of Shares
2108.3.7 Process of Prepare Cash Flow Statement
1034.3.6 Separation of Ownership and Management
2118.3.8 Working Process of Cash Flow Statement
1044.3.7 Perpetual Existence
2128.3.9 Differences between Cash Flow Statement and Funds Flow Statement
1054.3.8 Corporate Finance
2138.4 Exercise
1064.3.9 Centralized and Delegated Management
2148.5 Further Readings
1074.3.10 Publication of Accounts
215Glossary
1084.4 Kinds of Companies
216Index
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