Advanced Accounting (Theory)

Paper Code: 
ATG 317
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

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

COURSE OUTCOMES (COs):

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG 317

Advanced Accounting

 

CO 1:Familiarizing with the concept of corporate restructuring and reconstruction of companies.

CO 2:Solving the numerical problems based on reconstruction of companies.

CO 3: Analyzing and interpreting the solutions.

CO 4: Understanding the accounting of Insurance and banking companies.

Learning Strategies:
1. Reading live cases related to corporate restructuring.
2. Preparing assignments on various real life examples of corporate restructuring.
3. Problem solving skills to be enhanced by solving maximum numericals
4. Preparing accounts of banking and insurance companies.
Learning activities for the students:
1. Discussing real life examples of various corporate structuring.
2. Solving Numerical problems using Excel.
3. Discussing the concepts and terminologies of insurance and banking company accounts.

1. Evaluation of PPT's
2. Ms Excel Solution files
3. Quizzes
4. CA Test
5. Assignments
6. End Term Test

 

 

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

 

References: 
  • Advance Accountancy- Jain, Khandelwal Pareek( Ajmera Book Company)
  • Modern Accountancy- A Mukharjee& M Hanif(Tata Mc Graw Hill)
  • Corporate Accounting-S.N Maheshwari and S.K Maheshwari(Vikash Publishing House Pvt Ltd)
  • Advanced Accounting-R.L Gupta, M Radhaswamy(S. Chand& Sons New Delhi)
  • Accounting Theory-L.S  Porwal(Tata,Mc Graw Hill)
  • Advanced Accounts-Shukla, Grewal, Gupta(S.Chand)
  • Advanced Accountancy-S.N Maheshwari(Vikas Publishing House Pvt Ltd)

 

Academic Year: 
2020-2021
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