Commercial’s Corporate Accounting and Auditing (Group 2 – Paper 10)
 

Commercial’s Corporate Accounting and Auditing – 3rd Edition 2024 is a comprehensive and exam-oriented guide tailored specifically for CMA Intermediate Group II – Paper 10. This edition is meticulously structured to meet the latest syllabus requirements prescribed by The Institute of Cost Accountants of India (ICMAI). It combines two critical subjects — Corporate Accounting and Auditing — providing students with a unified and practical approach to mastering both.

The book is designed to ensure strong conceptual clarity and practical proficiency. It covers a wide range of topics including accounting for shares and debentures, financial statement analysis, valuation of goodwill and shares, auditing principles, types of audit, internal control systems, and audit reporting. Each concept is explained in a lucid manner supported by illustrations, solved problems, and MCQs to reinforce learning.

Key Features:

• Latest Syllabus Coverage: Aligned with the ICMAI CMA Intermediate (Group 2 – Paper 10) curriculum, covering both corporate accounting and auditing comprehensively.

• Balanced Approach: Integrates theoretical and practical aspects of corporate accounting and auditing to provide a complete learning experience.

• Chapter-Wise Theory and Problems: Each chapter includes detailed theoretical explanations, solved illustrations, and a wide range of practice questions.

• Corporate Accounting Topics Covered:

  • Issue, forfeiture, and redemption of shares and debentures

  • Company final accounts and cash flow statements

  • Amalgamation, absorption, and reconstruction

  • Valuation of goodwill and shares

  • Accounting standards relevant to corporate entities

• Auditing Topics Covered:

  • Types and objectives of audit

  • Internal control and internal check systems

  • Vouching, verification, and valuation of assets and liabilities

  • Audit report and auditor’s responsibilities

  • Company Auditor’s Report Order (CARO), audit planning and documentation

• Practice-Oriented Learning: Includes Multiple Choice Questions (MCQs), true/false, fill-in-the-blanks, and theoretical and numerical problems to test conceptual understanding and exam readiness.

• Real-Life Application: Concepts explained using practical scenarios and real-world corporate examples to bridge the gap between theory and practice.

Why This Book is Essential:

• ✅ Dual Subject Mastery: A single book that efficiently covers both Corporate Accounting and Auditing, saving time and offering convenience.

• ✅ Ideal for CMA Intermediate Students: Specifically written for students preparing for Paper 10 of the CMA Inter Group 2 exam.

• ✅ Exam-Focused Content: Structured in a way that mirrors the exam format, helping students grasp the concepts and prepare effectively for scoring high.

• ✅ Student-Friendly Language: Uses simple and clear language, ideal for both beginners and advanced learners.

• ✅ Updated with Regulatory Developments: Incorporates the latest accounting standards and auditing regulations, ensuring students stay updated with current practices.

Commercial’s Corporate Accounting and Auditing – 3rd Edition 2024 is a must-have for every CMA Inter aspirant. With its focus on conceptual clarity, exhaustive practice coverage, and easy-to-understand format, it acts as a reliable companion for mastering both accounting and auditing disciplines and clearing the CMA examination with confidence.