Advanced Accounting

Paper Code: 
AAF 413
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective this course is to gain expert knowledge of principle and procedure ofaccounting and their application in different practical situations.

Course Outcome (COs):

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

AAF  413

Advanced Accounting

Upon successful completion of this course, the student will be able to:

CO 134: Differentiate between internal and external reconstruction and perform accounting in internal reconstruction

CO 135: Analyze the accounting treatment under amalgamation in nature of merger and purchase

CO 136: Prepare Statement of affairs including deficiency /surplus account.

CO 137: Prepare the accounts of insurance companies and be able to prepare them

 CO 138: Manage and prepare Financial Statements of Banking Companies.

 

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, assignments.

Learning activities for the students:

Self learning assignments, Effective questions,  Giving tasks, Solving numerical problems

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments,  Individual projects

 

9.00
Unit I: 

Internal and External Reconstruction- Alteration of Share Capital, Conversion of Fully Paid Shares into Stock and Stock into Shares, Objectives of Capital Reduction, Procedure, Accounting Arrangement

9.00
Unit II: 
Amalgamation- Forms of Amalgamation, Motive for Amalgamation, 
 
Calculation of Purchase Consideration,
 
Methods of Accounting for Amalgamation: Pooling of Interests Method, Purchase Method
 
Distinction between Pooling of Interests Method and Purchase Method, Accounting for
Amalgamation (Excluding Inter Company Investments)
9.00
Unit III: 
Liquidation: Meaning of Liquidation, Winding up by Court, Voluntary Winding Up,
 
Preferential Payments, Preparation of Statement of Affair,
 
Deficiency/Surplus Account, Liquidator’s Final Statement of Account, Receiver for Debenture Holder, B List of Contributories
9.00
Unit IV: 
Accounts of Insurance Companies: Meaning of Insurance, 
 
Financial Statement of Insurance Companies,
 
Accounts of Life Insurance Business,
 
Accounts of General Insurance Business
9.00
Unit V: 
Banking Company Accounts: Meaning of Banking, Types of Banks, Requirement  as  to  strong  financial  management, 
 
Preparation  and Presentation of Financial Statements of Banks,
 
Collection of Bills of Exchanges of Customers,
 
Discounting of Bills of Exchange of Customer,
 
Rebate on Bills of Exchange Discounted, Classification of Assets
Essential Readings: 
  • Advance Accountancy- Jain, Khandelwal, Pareek( Ajmera Book Company)
  • Modern Accountancy- A. Mukharjee& M. Hanif(Tata McGraw Hill)
  • Corporate Accounting-S.N. Maheshwari and S.K. Maheshwari(Vikash Publishing House Pvt Ltd)
References: 
  • Advanced Accounting-R.L Gupta, M Radhaswamy(S. Chand& Sons New Delhi) Accounting Theory-L.S Porwal(Tata,McGraw Hill
  • Advanced Accounts-Shukla, Grewal, Gupta(S.Chand)
Academic Year: 
2021-2022
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