Partnership - Meaning-Features- Kinds- Partnership Deed - Admission - Retirement - Death - Dissolution of Partnership firm

Amalgamation of firms- meaning - Sale of partnership business to company - Conversion of Partnership to a Company.

Types of companies – Share capital – Types of shares – Issues, Forfeiture and reissue of shares - Profits prior to Incorporation - Final Accounts of Companies – Preparation and presentation of final accounts of companies – Legal requirements – Revised Schedule VI- part I & Part –II- Dividend provision- Fixed Asset schedule - bonus and dividend to shareholders – managerial remuneration – acquisition of business – pre-incorporation profits/loss.

Amalgamations, Absorption and External Reconstruction – purchase consideration – types of amalgamation – pooling of Interest method – purchase method – treatment of realisation expenses, Internal Reconstruction – types of reconstruction – reduction of share capital – reduction of liabilities – reduction of assets and disposal of balance of reconstruction account – scheme of reconstruction.

Liquidation – Liquidator’s final statement of accounts – Accounting standards 14 - 26 – International Financial Reporting System – concepts.