IMPORTANT QUESTIONS

 UNIT 1 :

1***. concept of corporate financial reporting, objectives, characteristics

2. financial reports 

3. issues and problems with published financial statements

4. recent changes in the published financial statements


UNIT- 2:

1.**  Discuss briefly accounting for corporate restructuring.

2**. inter company transactions

3. purchase consideration

4. inter-company holdings

5.** purchase consideration problems ( REFERENCE - RSN PILLAI VOL-II TEXT BOOK )


UNIT-3

1. **Concept of group & purpose of consolidated financial statements

2.** computation of goodwill (cost of control) & minority interest

3. wholly-owned subsidiary company & partially owned subsidiary company.

4.* pre-acquisition & post-acquisition of profits

5. unrealized profits

6. holding company advantages & disadvantages.

7. ***problems ( REFERENCE - RSN PILLAI VOL-II TEXT BOOK)


UNIT-4

1**. The procedure of preparing the consolidated balance sheet

2. cash flow statement, benefits, adv & dis adv

3. consolidation with foreign subsidiaries

4. consolidated profit & loss a/c.

5. **cash flow statement problems( REFERENCE G.PRASAD TEXT BOOK)


UNIT -5 

1. differentiate between recognition, de recognition, and offset

2**. compound financial instruments

3.  Accounting & reporting of  financial instruments



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