Section - I: Accounting Principles and Processes - Meaning and Scope of Accounting Accounting Principles Basic Accounting Terms Journalizing Transactions Ledger Posting and Trial Balance Sub-Division of Journal Negotiable Instruments Bank Reconciliation Statement Matching Concept Capital and Revenue Final Accounts Rectification Of Errors Depreciation Provisions And Reserves Accounting Concept Of Income Sectional And Self-Balancing Systems Accounts Of Non-Profit Making Organizations Single Entry System Computers and accounting, Section – II: Special Accounting Problems - Consignment Accounts Joint Venture Accounts Account Current And Average Due Date Inventory Valuation Hire Purchase, Lease And Installment Purchase Systems Branch Accounts Departmental Accounts Accounting For Price Level Changes Insurance Claims, Section – III: Partnership Accounts - Fundamentals Reconstitution Of Partnership Firms – I Reconstitution Of Partnership Firms – II Dissolution Of A Partnership Firm, Section – IV: Recent Examinations’ Questions with Solutions Appendices

Issues of 32 Accounting Standards affection the preparation of accounts by corporate enterprises Notification of 35 Ind ASs by the Ministry of Corporate Affairs (MCA) Formulation of a road map for the convergence of Indian Accounting Standards with IFRS Brief details of 32 Accounting Standards issued by ICAI