Subject Title: Advanced Corporate Accounting Prepared by: P. Ram
Year: III Semester: VI
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Unit - I: HOLDING COMPANIES
- Define holding company
- Define subsidiary company
- What is meant by cost of control
- What is capital reserve
- What is minority interest
- Define the following words:
- revenue reserve (or) post acquisition profit
- Unrealised profit on unsold stock
- Capital profit (or) pre-acquisition profit
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LONG QUESTIONS
- What do you mean by holding company and subsidiary company? Write about its nature of holding company.
- What do you mean by consolidated financial statement? Discuss briefly about the consolidated balance sheet.
Unit - II: ELECTRICITY COMPANIES (DOUBLE ACCOUNTING SYSTEM)
- What is reasonable return
- What is double accounting system
- What is capital base
- What is a revenue account and net revenue account
- Explain provisions regarding disposal of surplus
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LONG QUESTIONS
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- What is meant by double accounting system? Write its features, advantages and limitations.
- Write the difference between single accounting system and double accounting system.
- Write briefly about final accounts prepared by electricity companies under double accounting system.
Unit - III: ACCOUNTING FOR PRICE LEVEL CHANGES
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- Define gearing adjustment
- Define cost of sales adjustment
- Define depreciation adjustment
- Define monetary working capital adjustment
- State the features of current purchasing power (CPP) method
- Give advantages of CCA accounting
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LONG QUESTIONS
- What do you mean by price level changes (or) inflation accounting? Write its advantages and limitations.
- State the methods of accounting for price level changes.
- Explain the concept of capital maintenance with reference to profit measurement under different system of accounting.
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Unit - IV: LEASE ACCOUNTING
- What is a financial lease
- What is an operating lease
- What is a leveraged lease
- What is leasing
- Difference between financial and operating leases.
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LONG QUESTIONS
- What is leasing? Explain advantages and disadvantages of leasing.
- Discuss the various types of lease arrangements (or) write the difference between financial and operating lease.
- Define leasing applicability of accounting standard (AS-19). Explain the evolution of leasing in India.
- State the accounting treatment of leasing in the books of lessor and lessee.
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Unit - V: HUMAN RESOURCE ACCOUNTING AND SOCIAL RESPONSIBILITY ACCOUNTING
- What do you mean by HRA? And write its objectives
- Limitations of conventional accounting
LONG QUESTIONS
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- Define HRA. Explain its importance, advantages and limitations.
- What are the various approaches of HRA and discuss cost approaches of HRA.
SOCIAL RESPONSIBILITY ACCOUNTING
SHORT QUESTIONS
- What is social accounting explain its objectives.
- Define social responsibility accounting
- What is value added per unit of capital.
- What is capital output ratio.
- What is meant by corporate social responsibility.
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LONG QUESTIONS
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- What are the different approaches of social responsibility accounting. Write about the measurement of social cost benefit.
- Discuss briefly need and objectives of social responsibility accounting.
- Explain the indicators of social performance.
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