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. 

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. 

• 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 

• 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