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Bachelor of Commerce 4th Semester (Hons.)
Contemporary Issues in Accounting 2
Paper: BCH-407 

Time Allowed: Three Hours] [Maximum Marks: 80

Note:- Attempt four questions from Section A and two questions each from Sections B and C.

SECTION-A 

I. Discuss the procedure of standard-setting by IASC.

II. Discuss need of H.R.A.

III. What are monetary items under CPP method? Explain.

IV. What is an interim financial report? Explain.

V. What are reportable segments? Explain.

VI. Discuss the basics of sustainability reporting.

SECTION-B 

VII. Discuss Lev Schwartz's model with illustrations. Also, give a critical view of this model. 0855/BIK-

IX. Illustrate and compare CPP and CCA methods for price level accounting.

X. Explain the following with examples: 

(a) Call and put options and their accounting treatment 

(b) Accounting for interest rate swaps.

SECTION-C

XI. Explain value-based approach for valuation of brand equity.

XII. What do you mean by segment reporting? Discuss the main features of AS-17.

XIII. Discuss:

(a) Social cost-benefit analysis 

(b) Concepts and features of social accounting.

XIV. Discuss features and need of Forensic Accounting.