Dr S N Maheshwari is presently Professor Emeritus & Academic Director, Delhi Institute of Advanced Studies, Delhi. He is also the Chairman, Indian Society of Accounting and Management, New Delhi.

Dr Suneel K Maheshwari is presently Professor of Accounting, Eberly College of Business and Information Technology, Indiana University of Pennsylvania, U.S.A. he has also been a management consultant to many corporate-sector giants, like Holiday Inn and TCS.

Mr. Sharad K Maheshwari is a highly qualied business professional with around 25 years of experience at senior management positions and as a Consultant. He is an accomplished Chartered Accountant, a Cost & Management Accountant, a Company Secretary, a CPA from Australia and a CMA from USA.

Chapter 1: Insurance Claims for Loss of Stock and Loss of Profit
Loss of Stock
Loss of Profits or Consequential Loss
Key Terms
Test Questions

Practical Problems Chapter 2: Hire Purchase and Instalment Purchase Accounting
Concept of Hire Purchase
Formation of the Purchase Agreement
Instalment Purchase System
Difference between Hire Purchase
System and Instalments Purchase System
Key Terms
Test Questions
Practical Problems

Chapter 3: Departmental Accounts
Utility of Departmental Accounts
Maintenance of Columnar Subsidiary Books
Departmentalisation of Expenses
Types of Problems
Key Terms
Test Questions
Practical Problems

Chapter 4: Accounting for Branches
Types of Branches
Dependent Branches
Independent Branches
Foreign Branch
Accounting Standard 11 (Revised 2003)
Indian Accounting Standard (Ind AS) 21—Effects of Changes in Foreign Exchange Rates
Use of a Presentation Currency other than the Functional Currency
Difference between AS 11 and Ind AS 21
Key Terms
Test Questions
Practical Problems

Chapter 5: Single Entry System
Meaning
Salient Features
Difference between Single Entry and Double Entry Systems
Computation of Profit
Key Terms
Test Questions
Practical Problem

• Covers the course curriculum requirements of Advanced Financial Accounting for B.Com. students as per NEP 2020.
• Includes concise chapters - each chapter covering a specific topic for better grasp of the subject.
• Presents the subject matter in such a manner that students have total conceptual clarity.
• Develops remembering, understanding, thinking, analysing and evaluating skills of students through a variety of questions and problems as per B.Com. curriculum requirements.

Strictly according to the Karnataka State Higher Education Council (KSHEC) Curriculum Framework