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S3 BCOM / S3 BBA CORPORATE ACCOUNTING EXAM REVISION CLASSES MALAYALAM

DEPARTMENT OF COMMERCE AND MANAGMEENT STUDIES

AMAL COLLEGE OF ADVANCED STUDIES, NILAMBUR

REMEDIAL / REVISON CLASSES FOR

THIRD SEMESTER BCOM/BBA

CORPORATE ACCOUNTING

(2019 ADMISSION ONWARDS)

SM BCOM CORPORATE ACCOUNTING

MODULE I: REDEMPTION OF DEBENTURES https://youtu.be/5twzsO5otWs

MODULE II: BANKING COMPANIES* https://youtu.be/T5yeTh0MVYA

MODULE III: INSURANCE COMPANIES* https://youtu.be/kRCUVZW5-DQ , https://youtu.be/Ckz-JoTtXyA

MODULE IV: CONSOLIDATED FINANCIAL STATEMENTS: https://youtu.be/QksgebqcYn0

MODULE V: NOT AVAILABLE YET

FOR LECTURE NOTES VISIT B Com Corporate Accounting – The Commerce Lecturer (wordpress.com)

S3 BBA CORPORATE ACCOUNTING

MODULE I: FINANCIAL REPORTING STANDARDS https://youtu.be/9RoVp4soL7g , https://youtu.be/Bqi7uM_uXdA

MODULE II: NOT AVAILABLE

MODULE III: REMEMPTION OF SECURITIES https://youtu.be/5twzsO5otWs

MODULE IV: PREPARATION OF FINANCIAL STATEMENTS: https://youtu.be/1ltAsOEeguU

MODULE V: ACCOUNTING RATIOS: https://youtu.be/9-SASne4rRg

FOR LECTURE NOTES VISIT BBA Corporate Accounting – The Commerce Lecturer (wordpress.com)

*selected topics only

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IFRS, SINGLE ENTRY Previous Questions with Answers

PREVIOUS QUESTIONS AND ANSWERS FROM IFRS AND SINGLE ENTRY SYSTEM

S2 BCOM FINANCIAL ACCOUNTING – PARAGRAPH THEORY QUESTIONS

Prepared by Dr. Abbas Vattoli,

IFRS

  1. Write a note of IFRS

Different accounting standards are followed worldwide to tap varied national economic and social forces.

Much of the diversity have resulted from deeply entrenched differences in legal systems, income tax systems, historical, political and economic ties

Ongoing globalization of the world economy has brought to the forefront the problems engendered by differences in these accounting reports.

Uniformity, rationalisation, comparability, transparency and adaptability in financial statements are very much required for true cross-border economic and financial integration.

The debate on international harmonization of accounting standards started in the 1960s. It formally commenced in 1973 with the establishment of the International Accounting Standards Committee (IASC)

Between 1973 and 2000, the IASC developed a comprehensive list of accounting standards and interpretations, a conceptual framework and other guidance.

In 2001, the IASC formally restructured into International Accounting Standards Board, IASB.

All 41 standards issued by the IASC were adopted and were amended and updated according to industry and accounting needs to be renamed as IFRS.


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