Access to FREE Trial


Advanced Accounting

CA Intermediate - Paper 5 : Advanced Accounting

ICAI has introduced this paper, Advanced Accounting, at the CA Intermediate Level where you will learn about Accounting Standards – 7, 9, 14, 18, 19, 20, 24, 26 & 29 & Guidance notes, Company Accounts – ESOP, buy back, Equity shares with differential rights, underwriting of shares/debentures, Financial reporting of Banking, Insurance & Non- Banking Finance companies and Mutual funds, Amalgamation, Consolidation & liquidation of companies and Valuation of goodwill.

Don’t Watch the clock, do what it does; Keep going…. Wish you all the best! 😉  

Advanced Accounting
Advanced Accounting
Concept of Preference Shares
Paper 1
Paper 2
Paper 3
Paper 4
Paper 6
Paper 7
Paper 8
May 2018
November 2018

More about Advanced Accounting

What is Advanced Accounting?
  • Accounting is covered in subjects at the CA intermediate level. The purpose is to enhance the importance of understanding various concepts in depth for a student perusing the CA course 
  • The CA Intermediate advanced accounting has only 7 chapters covering a wide range of syllabus. All the chapters are based on either the Companies Act or laws governing such entities or Accounting standards/guidance notes issued by ICAI 
Why did ICAI introduce this paper, Advanced Accounting, at CA Intermediate Level?
  • To add on to the accounting knowledge acquired in CA foundation and group I of CA Inter 
  • To enrich students with standard chapters in company accounts like amalgamation & Consolidation of companies so that they are well prepared to experience this practically 
  • To provide basic accounting knowledge of other entities. 
What are the topics covered at CA Intermediate Level in Advanced Accounting?  
  • Accounting Standards – 7,9,14,18,19,20,24,26 & 29 & Guidance notes  
  • Company AccountsESOP, buy back, Equity shares with differential rights, underwriting of shares/debentures  
  • Financial reporting of Banking, Insurance & Non- Banking Finance companies and Mutual funds 
  • Amalgamation, Consolidation & liquidation of companies 
  • Valuation of goodwill 
What is the best approach to study CA Intermediate Advanced Accounting?
  • Since both Amalgamation and Consolidation are there in the ICAI syllabus, practice problems with time in mind to avoid mismanagement of time in exams. Write mock tests given by ICAI 
  • Show detailed steps through working notes; give proper reference to working notes   
  • Normally, stepwise marking approach is followed, so do not worry if the balance sheet does not tally; based on your time allocation, keep moving to the next question 
  • Solve the problems on your own; do not see the answer till end. This helps you to identify your strengths and weakness so that you can work on them 
  • Never skip easy chapters like underwriting, Banking & Insurance company accounting 
  •  In case of Insurance companies and Banking companies, learn the schedule numbers properly 
See how CA Chinmaya Hegde and CA Srikanth MS teach this paper Advanced AccountingSign up to get a free trial!