Course outcomes
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Learning and teaching strategies |
Assessment Strategies |
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On completion of this course, the students will be able to: CO114: Differentiate between internal and external reconstruction and perform accounting in internal reconstruction. CO115: Analyze the accounting treatment under amalgamation in nature of merger and purchase. CO116: Prepare Statement of affairs including deficiency /surplus account as well as Liquidator’s statement.Explain and interpret the problems of internal & external reconstruction. CO117: Manage and prepare the accounts of insurance companies. CO118: Manage and prepare Financial Statements of Banking Companies |
Interactive Lectures, Discussion, Tutorials, Reading assignments & Solving Questions. |
Evaluation of PPT's, Quizzes, CA Test, Assignments, End Term Test |
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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
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)
Liquidation: Meaning of Liquidation, Winding up by Court, Voluntary Winding Up, Preferential Payments, Preparation of Statement of Affairs, Deficiency/Surplus Account, Liquidator’s Final Statement of Account, Receiver for Debenture Holder, B List of Contributories
Accounts of Insurance Companies: Meaning of Insurance, Financial Statement of Insurance Companies, Accounts of Life Insurance Business, Accounts of General Insurance Business
Banking Company Accounts: Meaning of Banking, 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
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