Accounting Scope - Contents - Principles and Standards - Financial Accounting—Meaning and Scope Introduction - Meaning of Accounting - Objectives of Accounting - Functions of Accounting - Limitations of Accounting - Books of Accounts - Accounting Concepts - Principles and Convention; Introduction - Accounting Concepts - Accounting Principles - Accounting Conventions - Accounting Assumptions - Financial Statements - Accounting Standards- Objectives and Interpretation; Introduction - Objectives - Applications & Limitations - Indian Accounting Standard & International Accounting Standard - GAAP and IFRS - Accounting Policies; - Objectives of Accounting Policies - Selection of Accounting Policies - Change in Accounting Policies - Accounting Policies applicable to Non-life Insurance Business - Disclosure of Accounting Policies. Accounting Process - Methods & Control and Finalization of Accounts - Golden Rules of Accounting - Primary Books & Secondary Books - Capital & Revenue Expenditure and Receipts and treatment. - Accounting Methods & Control; - Journals - Cash Book - General Ledger - Trial Balance; Objectives - Rules & Process - Final Accounts.
Depreciation Accounting: Objectives of providing Depreciation - Methods of providing depreciation - Change in method of depreciation - Disposal of Depreciable Assets & Accounting Treatment - Revaluation & impairment of Depreciable Assets -- Bank Reconciliation Statement: Introduction - Importance of BRS - Preparation of BRS - Analysis of BRS and Accounting Control - BRS and Accounting Adjustment Entry for rectification of errors - Introduction to Company Accounts - Introduction - Meaning of Company - Financial Statements in Company - Accounting of Share Capital- Issue - Reissue & Forfeiture - Debenture –- Non-life Insurance Business Accounting Methods - Techniques & Process - Accounting Process & Techniques of General Insurance Business; Functional Divisions & Books of Accounts - Premiums; Received - Received in Advance - Outstanding - Earned - Claims; Paid - Incurred & Provisioning (including IBNR & IBNER) - Investments - Un-expired Risk Reserves - Co-insurance - Solvency Margin - Accounting Regulations; Introduction - IRDA Regulations on Insurance Accounts - IRDA Regulations—Applications & Interpretations - IRDA Regulations & Accounting Principles - Preparation& Presentation of Financial Statements; Non-life Insurance Business. Preparation of Financial Statements - Revenue Accounts - Balance Sheets - Profit & Loss Accounts - Cash Flow Statements - Financial Statement Analysis and Disclosures - Management Report.
Reinsurance Accounting: Objectives: proportional & non-proportional arrangements - Requirements of Reinsurance Accounting - Reinsurance Portfolio Statement - Statement of Reinsurance Treaty - Reinsurance Accounting Techniques - Reinsurance Commission & Profit Commission Statement - Investment Accounting - Classification of Investments & exposure norms of investment - Valuation of Investments - Provisioning - Disclosures.
Annual Reports - Disclosures and Audit in General Insurance Business - Annual Reports; Basic Contents of Annual Reports - Contents of Directors Reports - Disclosure in Director‘ Report - Interpretation of Directors‘ Report - Annual Report & Director‘s Responsibility statement. Audit; Introduction; Scope - Concepts and Standards of Audits - Internal Audit & Internal Control - Internal Audit Techniques & procedures in Computerized Environment - Statutory Audit & the Companies Act 1956 (As amended) - Statutory Audit & Auditing and Assurance Standards - Govt. Audit & Statutory Provisions - Special Audit (tax audit - regulatory inspections)