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Company Accounts and Auditing Practices

Company Accounts and Auditing Practices

CS Executive (Old Syllabus) - Paper 5 : Company Accounts and Auditing Practices

ICSI has introduced this paper company accounts and auditing practices at the CS Executive level  (Old Syllabus) where you deal with the how to prepare accounts for corporate entities and the process to be followed by auditors when examining books of accounts. 

Company Accounts And Auditing Practices
Company Accounts and Auditing Practices
Consolidated Financial Statements
Redemption of Preference Shares
Consolidation of Accounts
Audit Documentation and Audit Evidence
Paper 1
Paper 2
Paper 3
Paper 4
Paper 6
Paper 7
June 2018
December 2018
June 2017
December 2017

More about  Company Accounts and Auditing Practices

What is Company Accounts and Auditing Practices?
  • Accounting and Auditing deals with the Basics of preparation of accounts for Companies, Sole proprietor, partnership firms and Non-Profit Organizations.  
  • Auditing refers to the independent examination of Books of Accounts of Corporate entities considering the Auditing Standards provided by ICAI and the processes to be followed by an Auditor. 
Why has ICSI introduced this paper, Company Accounts and Auditing Practices, at CS Executive Level?

Every CS needs to have technical knowledge about Accounts. You need to know about investment decisions, dividend decisions, valuation, securities, risk analysis & management, etc. so that you build logical reasoning and strategic thinking skills so that you can apply this in the practical environment. 

What are the topics covered in Company Accounts and Auditing Practices at CS Executive Level?
  • Company Accounts for transactions related to Share Capital 
  • Company Accounts for transactions related to Debentures 
  • Final Accounts of Companies 
  • Corporate restructuring 
  • Consolidation of Accounts 
  • Liquidation of Company 
  • Accounting Standards 
  • Auditing 
  • Types of Audit 
  • Internal Control 
  • Audit Engagement and Documentation 
What is the best approach to study Company Accounts and Auditing Practices paper?
  • Solve (Write and Practice) as many problems as you can and at the same time do not ignore THEORY   
  • Make your own notes for theory even before you start your study leave to overcome time constraints   
  • Be very clear in concepts so that it enables you to courageously face any kind of questions   
  • Write all Formulae in a pocket note book which helps you to have quick recap of entire syllabus at one place 


See how CA Srikanth MS, CA Chinmaya Hegde and CA Vikas Oswal  teach this paper Company Accounts and Auditing  PracticesSign up to get a free trial!
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CA Srikanth M S



CA Chinmaya Hegde


CA Vikas Oswal


Available Lectures for Company Accounts and Auditing Practices
Chapter Name Number of Lectures
Series 1:
Part A: Company Accounts
1. Share Capital 10
2. Debentures 7
3. Financial Accounts of Companies 4
4. Corporate Restructuring 10
5. Consolidation of Accounts 14
6. Valuation of Shares and Intangible Assets 11
7. Liquidation of Company 5
8. Corporate Financial Reporting 1
9. Accounting Standards 39
Series 1:
Part B: Auditing Practices
 10. Auditing Concepts 11
11. Types of Company Audit 5
12. Internal Audit 1
13. Internal Control 3
15. Audit Engagement and Documentation 3