UNIT-II Introduction to Indian Accounting Standards. Detail Study of Accounting Standard-6 and 10. Branch Accounts, Departmental Account. Accounting for Depreciation.
UNIT-III Royalty Accounts, Accounting of Non Profit Making Organization. Research Development Costs, Long term construction contracts.
UNIT-IV Joint Venture Accounts, Consignment and Investment Account. Foreign Exchange Transactions, Investments, Government Grants (a Brief Study).
UNIT-V Partnership Accounts : Dissolution with Insolvency of Partner, Amalgamation of Partnership Firms, Conversion of Partnership Firm into Joint Stock Company.