Kannada 
PAPER 1 - ADVANCED ACCOUNTING [100 MARKS]
- Process of formulation of Accounting Standards including Indian Accounting Standards (IFRS converged standards) and IFRSs; Convergence vs Adoption; Objective and Concepts of carve outs.
- Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards).
- (i) Applicability of Accounting Standards to various entities.
(ii) Application of Accounting Standards:
AS 1 Disclosure of Accounting Policies
AS 2 Valuation of Inventories
AS 3 Cash Flow Statements
AS 4 Contingencies and Events Occurring After the Balance Sheet Date
AS 5 Net Profit or Loss for the Period, Prior Period Items and Changes
in Accounting Policies
AS 7 Construction Contracts
AS 9 Revenue Recognition
AS 10 Property, Plant and Equipment
AS 11 The Effects of Changes in Foreign Exchange Rates
AS 12 Accounting for Government Grants
AS 13 Accounting for Investments
AS 14 Accounting for Amalgamations (excluding inter-company holdings)
AS 15 Employee Benefits
AS 16 Borrowing Costs Leases AS 17 Segment Reporting
AS 18 Related Party Disclosures
AS 19 Leases
AS 20 Earnings Per Share
AS 21 Consolidated Financial Statements of single subsidiaries (excluding problems involving acquisition of Interest in Subsidiary at Different Dates, Cross holding, Disposal of a Subsidiary and Foreign Subsidiaries)
AS 22 Accounting for Taxes on Income
AS 23 Accounting for Investment in Associates in Consolidated Financial Statements
AS 24 Discontinuing Operations
AS 25 Interim Financial Reporting
AS 26 Intangible Assets
AS 27 Financial Reporting of Interests in Joint Ventures
AS 28 Impairment of Assets
AS 29 Provisions, Contingent Liabilities and Contingent Assets
4. Company Accounts
a) Schedule III to the Companies Act, 2013 (Division I)
b) Preparation of financial statements – Statement of Profit and Loss,Balance Sheet and Cash Flow Statement
c) Buy back of securities
d) Accounting for reconstruction of companies
5. Accounting for Branches including foreign branches
