Advanced Accountancy Volume-1, 11/e

Advanced Accountancy Volume-1, 11/e

Authors : Dr S N Maheshwari, CA Sharad K Maheshwari & Dr Suneel K Maheshwari

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About the Author

Dr S N Maheshwari :-
He is presently Professor Emeritus & Academic Advisor, Delhi Institute of Advanced Studies, Delhi. He is also the Chairman, Indian Society of Accounting and Management, New Delhi. During his long and varied career, he worked as Director General, Delhi Institute of Advanced Studies; Principal, Hindu College, University of Delhi; Professor and Dean, Faculty of Commerce and Business Management, Goa University; Director, Institute of Management Science and Productivity Research, New Delhi; Director (Academic), BLS Institute of Management, Mohan Nagar; Vice-Principal, Shri Ram College of Commerce, University of Delhi; and Principal, Staff Training College, New Bank of India, Chandigarh. Dr S N Maheshwari has more than five decades of experience in teaching students of BCom, BBA, MCom, MBA, CA, CS and CMA. He has authored around 150 books/monographs and participated in several national and international seminars.

CA Sharad K Maheshwari :-
He is a highly qualified business professional with more than 20 years of experience at senior management positions. He is an accomplished Chartered Accountant, a Cost & Management Accountant, a Company Secretary, a CPA from Australia and a CMA from USA. Mr Sharad is a Fellow Member of the Institute of Chartered Accountants of India, Associate Member of the Institute of Cost Accountants of India and Associate Member of the Institute of Company Secretaries of India. He is currently practising as a Chartered Accountant at Gurugram, Haryana. Prior to this he provided his services as General Manager, Dalmia Cement Bharat Ltd, New Delhi, General Manager: Corporate Finance, The Lalit Suri Hospitality Group, New Delhi, and also served as a Senior Executive with Schlumberger Ltd. Baker Hughes, and Bumi Armada Ltd, Kuala Lumpur, Malaysia, the three leading names in the oil field services industry. Mr Sharad has also authored more than five dozen books/monographs besides participating in several national and international seminars.

Dr Suneel K Maheshwari :-
He is a PhD in Business Administration from Florida Atlantic University, USA. He also obtained his Masters in Accountancy from Miami University, Oxford, Ohio, USA. He was till recently, Professor of Accounting at Marshall University, USA. At present he is Professor of Accounting, Eberly College of Business and Information Technology, Indiana University of Pennsylvania, USA. Dr Suneel Maheshwari has also been a management consultant to many corporate-sector giants, like Holiday Inn and TCS. His research interests include Executive Compensation, Activity-based Costing, Ethical issues and interdisciplinary applications. He has more than two decades of teaching, research and industry experience. He has also authored more than 70 books/monographs and contributed over 40 articles in refereed national and international journals, besides attending/chairing several national and international conferences.

About the Book

Over the years Advanced Accountancy has emerged as the definitive and comprehensive textbook on accountancy as it completely meets the requirements of students preparing for BCom, MCom, MBA, BBA and professional examinations conducted by different institutions, such as the Institute of Chartered Accountants of India, the Indian Institute of Bankers, the Institute of Company Secretaries of India, and the Institute of Cost Accountants of India.

New in this Edition

• Basic features of the 32 Accounting Standards of India issued by the Institute of Chartered Accountants of India and 40 Indian Accounting Standards (Ind AS) notified by the Ministry of Corporate Affairs.
• Updation and convergence of Indian accounting standards with international financial reporting standards.
• Strengthening and updating of the text material in the light of new accounting standards.
• Latest questions and problems from examinations conducted by different professional bodies and universities.

Table of Content

Section-1: Accounting Principles and Processes • Meaning and Scope of Accounting • Accounting Principles • Journalising 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 • Accounting Concept of Income • Depreciation, Provisions and Reserves • Advanced Final Accounts • Sectional and Self-Balancing Systems • Accounts of Non-Profit Making Organizations • Single Entry System, Section-2: Special Business Accounting • Consignment Accounts • Joint Venture Accounts • Account Current and Average Due Date • Inventory Valuation • Hire Purchase, Lease and Instalment Purchase Systems • Branch Accounts • Departmental Accounts • Royalty Accounts • Insurance Claims • Contract Accounts • Insolvency Accounts • Introduction to Government Accounting • Miscellaneous Accounts, Section-3: Partnership Accounts • Fundamentals • Reconstitution of Partnership Firms (Admission) • Reconstitution of Partnership Firms-II (Retirement, Death And Amalgamation) • Dissolution of Partnership Firms • Appendix-I: Guidance Note on Terms Used in Financial Statements • Appendix-II: Present Value of Rs. 1 • Appendix-III: Periodic Deposit Which Will Amount to Rs. 1 • Appendix-IV: Present Value of Rs. 1 Received Annually for N Years • Appendix-V: Periodic Payment to Amortize Rs. 1 and Interest