ICSI CS Executive Paper 5 | Company Accounts and Auditing Practices

About Company Accounts & 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.

The topics covered in Company Accounts and Auditing Practices at CS Executive Level is,

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

The best approach to study Company Accounts and Auditing Practices paper is,

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

1 Share Capital

Lecture icon 16 Lectures Know More

2 Debentures

Lecture icon 7 Lectures Know More

3 Final Accounts of Companies

Lecture icon 4 Lectures Know More

4 Corporate Restructuring

Lecture icon 10 Lectures Know More

5 Consolidation of Accounts

Lecture icon 14 Lectures Know More

6 Valuation of Shares and Intangible Assets

Lecture icon 11 Lectures Know More

7 Liquidation of Company

Lecture icon 5 Lectures Know More

8 Corporate Financial Reporting

Lecture icon 1 Lectures Know More

9 Accounting Standards

Lecture icon 39 Lectures Know More

10 Accounting Concepts

Lecture icon 11 Lectures Know More

11 Types of Company Audit

Lecture icon 5 Lectures Know More

12 Internal Audit

Lecture icon 1 Lectures Know More

13 Internal Control

3 Lectures Know More

14 Review of Internal Control

Lecture icon 0 Lectures Know More

15 Audit Engagement and Documentation

Lecture icon 3 Lectures Know More

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Resources

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Resources

Paper 5

Company Accounts & Auditing Practices

About Company Accounts & Auditing Practices

Duration: 3 hours

Faculty

Resources

Company Accounts & Auditing Practices

1 Share Capital

2 Debentures

3 Final Accounts of Companies

4 Corporate Restructuring

5 Consolidation of Accounts

6 Valuation of Shares and Intangible Assets

7 Liquidation of Company

8 Corporate Financial Reporting

9 Accounting Standards

10 Accounting Concepts

11 Types of Company Audit

12 Internal Audit

13 Internal Control

3 Lectures Know More

14 Review of Internal Control

15 Audit Engagement and Documentation

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