Problems and Solutions in Advanced Accountancy Vol 2, 7/e

Problems and Solutions in Advanced Accountancy Vol 2, 7/e

Authors : Dr S N 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.

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

Any book on solved problems would be welcome by the students as they dread the unsolved problems the most. Problems and Solutions in Advanced Accountancy—Vol. I and II is the result of realization of the same fact. However, this book will serve its purpose the best if before referring to it the students have attempted to solve the questions on their own.

The book has been designed specially to serve as a complementary set to the textbook Advanced Accountancy—Vol. I and II, authored by the same team as Dr S N Maheshwari and Dr S K Maheshwari. It contains detailed solutions to all the practical problems given at the end of each chapter in Advanced Accountancy, as also solutions to the problems set at the recent university and professional examinations. Special feature of the book is that the problems have been properly graded.

Each volume maintains the same structure as the corresponding volume of the textbook. The problems have been properly graded and suitably classified in each chapter. Volume II comprises three sections. Section I deals with practical problems relating to company accounts, i.e., issue and redemption of shares & debentures, company final accounts, etc., have been elaborately discussed. Section II contains solutions to problems concerning specific companies’ accounts, viz., insurance, banking, electricity companies, etc. Section III incorporates solutions to problems concerning various tools of financial analysis, viz., ratio analysis, funds flow analysis, cash flow analysis, etc.

The book will serve as a useful guide to students preparing for B.Com., M.Com., BBA, MBA and other professional examinations conducted by institutions like the Institute of Chartered Accountants of India (ICAI), the Indian Institute of Bankers (IIB), the Institute of Company Secretaries of India (ICSI), and the Institute of Cost and Works Accountants of India (ICWAI).



  • Section One (Company Accounts) Accounting Standards
    1. Shares and share Capital
    2. Debentures
    3. Company Final Accounts
    4. Valuation of Foodwill and Shares
    5. Acquisition of Business, Profit Prior to Incorporation and Statutory Report
    6. Internal Reconstruction
    7. Absorption, Amalgamation and External Reconstruction; Company Liquidation Accounts.
  • Section Two (Specific Companies Accounts) Insurance Companies Accounts
    1. Banking Companies Accounts
    2. Double Account System; Holding Companies
    3. Hotel Companies Accounts.
  • Section Three (Management Accounting) Financial Statements – Analysis & Interpretation
    1. Funds Flow Statement
    2. Cash Flow Statement
    3. Accounting for Price Level Changes
    4. Miscellaneous.