Co-operative Accounting & Audit

Accounting of PACS: Accounting records to be maintained by PACS; Basic accounting principles and policies; Steps for preparation of financial statements; Accounting entries for credit activities; Accounting entries for non-credit activities; Accounting entries for common activities; Preparation of final accounts; Understanding the financial statements of PACS; Computerization of PACS; Accounting under CBS environment.

Accounting of ZSBs: Accounting rules and procedures for the Zila Sahakari Bank Ltd; Head Office Accounting; Rules and procedures for the Zila Sahakari Bank Ltd; DCCB Branches; Reconciliation procedures; Accounting of LDBs; Accounting rules and procedures for the Uttar Pradesh Bhumi Vikas Bank Ltd; Head Office Accounting; Rules and procedures for the Uttar Pradesh Bhumi Vikas Bank Ltd; Branches; and reconciliation procedures in LDBs.

Cooperative Audit: Definition; Objectives; Scope and Advantages of Audit; Internal Check Vs Internal Audit; Audit, Inspection and Supervision; Audit of Co-operative Societies Vs Joint Stock Companies; Administrative set up for Co-operative Audit; Appointment of Auditor; Rights, duties and responsibilities of a Cooperative Auditor; Types of Audit; Mechanical and Administrative Audit; Preparations for Audit and Framing of Audit Programme.

Audit Certificate and Classification: Commencement of Audit Programme; Routine Checking; Vouching of Cash Transaction; Meaning of Verification; Mode of Valuation of various Assets and Liabilities; Depreciation; Reserve: Meaning, and Definition; Various Reserves; Audit of Final Accounts; Profit and Loss Account; Balance Sheet; Reconciliation of Bank Accounts; Audit Report; Audit Certificate; Audit Classification; Assessment and Levy of Audit Fees.

Audit Programme for Selected Societies: Various stages of Audit; Audit procedures for Cooperative Credit Institutions; Marketing Societies; Consumer Stores; Housing Societies; Milk Producers Societies; Industrial Cooperatives; Classification on the Reserve Bank of India Standard; Preparation of Final Audit Memorandum and its Enclosures.