,PROFESSIONAL COMPETENCE COURSE
STUDY MATERIAL
ADVANCED ACCOUNTING
VOLUME : 1
, PAPER 1
ADVANCED ACCOUNTING
BOARD OF STUDIES
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
, This study material has been prepared by the faculty of the Board of Studies. The
objective of the study material is to provide teaching material to the students to enable
them to obtain knowledge and skills in the subject. Students should also supplement their
study by reference to the recommended text books. In case students need any
clarifications or have any suggestions to make for further improvement of the material
contained herein, they may write to the Director of Studies.
All care has been taken to provide interpretations and discussions in a manner useful for
the students. However, the study material has not been specifically discussed by the
Council of the Institute or any of its Committees and the views expressed herein may not
be taken to necessarily represent the views of the Council or any of its Committees.
Permission of the Institute is essential for reproduction of any portion of this material.
© The Institute of Chartered Accountants of India
All rights reserved. No part of this book may be reproduced, stored in a retrieval system,
or transmitted, in any form, or by any means, electronic, mechanical, photocopying,
recording, or otherwise, without prior permission, in writing, from the publisher.
Website : www.icai.org.
E-mail :
ISBN No. : 978-81-8441-043-3
Published by : The Publication Department on behalf of CA. R. Devarajan,
Additional Director of Studies (SG), The Institute of
Chartered Accountants of India, A-94/4, Sector-58, NOIDA
– 201 301, India.
Printed by : Sahitya Bhawan Publications, Hospital Road, Agra 282 003.
May/2008/25,000 Copies (Reprint)
STUDY MATERIAL
ADVANCED ACCOUNTING
VOLUME : 1
, PAPER 1
ADVANCED ACCOUNTING
BOARD OF STUDIES
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
, This study material has been prepared by the faculty of the Board of Studies. The
objective of the study material is to provide teaching material to the students to enable
them to obtain knowledge and skills in the subject. Students should also supplement their
study by reference to the recommended text books. In case students need any
clarifications or have any suggestions to make for further improvement of the material
contained herein, they may write to the Director of Studies.
All care has been taken to provide interpretations and discussions in a manner useful for
the students. However, the study material has not been specifically discussed by the
Council of the Institute or any of its Committees and the views expressed herein may not
be taken to necessarily represent the views of the Council or any of its Committees.
Permission of the Institute is essential for reproduction of any portion of this material.
© The Institute of Chartered Accountants of India
All rights reserved. No part of this book may be reproduced, stored in a retrieval system,
or transmitted, in any form, or by any means, electronic, mechanical, photocopying,
recording, or otherwise, without prior permission, in writing, from the publisher.
Website : www.icai.org.
E-mail :
ISBN No. : 978-81-8441-043-3
Published by : The Publication Department on behalf of CA. R. Devarajan,
Additional Director of Studies (SG), The Institute of
Chartered Accountants of India, A-94/4, Sector-58, NOIDA
– 201 301, India.
Printed by : Sahitya Bhawan Publications, Hospital Road, Agra 282 003.
May/2008/25,000 Copies (Reprint)
