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Lovely Professional University: Cover Page Academic Task

Students will be evaluated individually based on rubrics assessing the company profile, treatment of amalgamations and goodwill/reserves per AS 14, accounting for finance/operating leases per AS 19, matching accounting and taxable income per AS 22, and recognition criteria for provisions and contingent liabilities per AS 29.

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Mohammed Aslam
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379 views1 page

Lovely Professional University: Cover Page Academic Task

Students will be evaluated individually based on rubrics assessing the company profile, treatment of amalgamations and goodwill/reserves per AS 14, accounting for finance/operating leases per AS 19, matching accounting and taxable income per AS 22, and recognition criteria for provisions and contingent liabilities per AS 29.

Uploaded by

Mohammed Aslam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Cover Page Academic Task

LOVELY PROFESSIONAL UNIVERSITY

ACADEMIC TASK NO. 1

Mittal School of Business Faculty of Accounting & Business


Laws-I

Name of the faculty member: Dr. Manpreet Kaur Max. Marks: 30

Course Code: ACC312 Course Title: Advanced Accounting

Class: B.Com and BBA Elective Term: 5 Section: Q3E05

Date of Allotment: 27/08/2020 Date of Submission: 15/09/2020

S. No Roll No Objectives of Topic Evaluation


Academic Parameters
Activity
1 All To test the Each student will be assigned a company. The evaluation
registere students Topics to be focused for assignment will be will be made on
d AS 14, AS 19, AS 22, and AS 29. individual basis.
students ability in Each student will
for organizing The student will need to submit the well- be evaluated
course individually based
structured report discussing company
thoughts and on rubrics.
disclosure practices on the above
standards.
effective
1. Company Profile (6 Marks)
presentation
on 2. Present how company deals with
accounting for amalgamations and the
various
treatment of any resultant goodwill or
accounting
reserves as per AS 14. (6 Marks)
standards.
3. Discuss company’s accounting practices
applicable for finance and operating lease
as per AS 19. (6 Marks)

4. Describe the procedure of the company


to be applied to match the differences
between accounting income and taxable
income as per AS 22. (6 Marks)

5. Define company’s’ appropriate


recognition criteria and measurement
bases which are applied to provisions and
contingent liabilities as per AS 29. (6 Marks)

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