Introduction to Course

Objectives   Preparation    of    financial    statements of  companies   in   accordance   with   statutory  requirementsofCompaniesActand  International Accounting Standards (IAS)     To deal with business combinations of two or  more business entities.  It involves preparation  of    financial    statements    for    group    of  undertakings, for publication in accordance with  International Financial Reporting Standards  (IFRS)           Todealwithaccountingissuesof  amalgamation, absorption and reconstruction.     Application   and   selection   of   accounting  techniques   and   procedures   to   specific  circumstances like  leases, branches,  departmental stores, consignment, joint venture  and construction contracts