Advanced Accounting
AS-based accounting at exam depth — standards to amalgamation, solved the way ICAI marks them.
Free tier first, always. 20 MCQs a day, no card.
Full syllabus — 15 chapters
Inside Advanced Accounting
- Introduction to Accounting StandardsWhat AS are, who sets them, and why the exam builds every subsequent chapter on this foundation.
- Framework for Preparation and Presentation of Financial StatementsThe concepts behind every AS — qualitative characteristics, recognition, measurement — examiner tests this as theory marks.
- Applicability of Accounting StandardsWhich AS applies to which company level — gets you direct marks in theory questions and sets up every practical chapter.
- Presentation & Disclosures Based Accounting StandardsAS 1, 4, 5, 18, 24 — the disclosure-heavy standards that show up as short notes and scenario theory.
- Assets Based Accounting StandardsAS 2, 10, 13, 26, 28 — inventory to intangibles; depreciation and impairment questions hit every attempt.
- Liabilities Based Accounting StandardsAS 15 and provisions under AS 29 — employee benefits and contingencies are reliable short-question fodder.
- Accounting Standards Based on Items Impacting Financial StatementAS 16, 22, 25 — borrowing costs, deferred tax, interim reporting; deferred tax is where most marks are dropped.
- Revenue Based Accounting StandardsAS 7 and AS 9 — construction contracts and revenue recognition with the percentage-completion traps everyone misses.
- Other Accounting StandardsAS 11, 12, 19, 20 — foreign exchange, grants, leases, EPS; leases and EPS numericals are consistently tested.
- Accounting Standards for Consolidated Financial StatementAS 21, 23, 27 — consolidation with minority interest and associate accounting; the full 16-mark consolidation question lives here.
- Financial Statements of CompaniesSchedule III formats applied to real data — the mandatory practice chapter if you want presentation marks in the exam.
- Buyback of SecuritiesShort chapter, reliable 8-mark question — journal entries for buyback from open market or shareholders tested every sitting.
- Amalgamation of CompaniesAS 14 in action — purchase vs pooling, vendor account, goodwill calculation; the chapter where most 16-mark questions come from.
- Internal ReconstructionCapital reduction and re-organisation — looks complex but follows a strict format once you see the journal-entry pattern.
- Accounting for Branches including Foreign BranchesDependent and foreign branches with exchange differences — a consistent 8–12 mark question that most students underprepare.
Chapter list as per the current ICAI New Scheme study material. Every Pookie question cites its ICAI source; solutions follow ICAI marking-scheme structure.
How it works here
Question → your attempt → marks per step
You answer first. Then the solution opens step by step, with the marks each step carries — so you see exactly where answers gain and lose marks in the real exam.
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