This book has been written keeping in mind the students of CA PCC course. It is designed to provide a lucid treatment of the subject matter keeping in view the specific "problem solving needs"of the students taking the PCE. Volumes 1 & 2 cover the entire CA PCC course. Salient Features Chapter on Conceptual Framework for Preparation and Presentation of Financial Statements-This chapter gives an overview and significance of financial statements used by companies Chapter on Accounting Standards-Discusses in detail the entire ASs required by the IPCC students AS integration- Relevant section of accounting standards have been integrated with the development of concepts Practical tips- Boxed exhibits containing tips for avoiding mistakes which students commonly make Step-by-step Approach- Development of preparation of accounts in a step-by-step manner for ease of comprehension Legal cases- Overview of relevant legal cases in topics like dissolution of partnership firms, insurance claims and so on Running glossary- Includes explanation of important terms and expressions Rich chapter-end exercises A text book to cater to the requirements of the newly announced CA-IPCC examination