PAPER-1 : ACCOUNTING

1. Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRS; convergence vs adoption; objective and concepts of carve outs
2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards)
3. Applications of Accounting Standards
4. Company Accounts
5. Accounting for Special Transactions
6. Special Type of Accounting
7. Dissolution of partnership firms including piecemeal distribution of assets;Amalgamations of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership