Company Accounts And Auditing Practices-I

Paper Code: 
BCS 214
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To acquire knowledge and understanding of the concepts, principles and practices of company accounts and auditing in accordance with statutory requirements

9.00
Unit I: 
Share Capital Transactions

Issue of Shares: at Par, at Premium, at Discount, on Conversion and for consideration other than Cash; Forfeiture and Re-issue of Shares, Buyback of Shares, Redemption and Conversion of Preference Shares, Bonus Shares, Rights Issue, ESOPs, Sweat Equity Shares
• Alteration of Share Capital
• Underwriting of shares

9.00
Unit II: 
Debentures

Issue of Debentures: at Par, at Premium, at Discount and for consideration other
than Cash
• Accounting Treatment and Procedures
• Redemption of Debentures
• Conversion of Debentures into Shares

9.00
Unit III: 
Final Accounts of Companies

Conceptual Framework, Preparation and Presentation of Financial Statements,
Schedule VI, Interpretation and Scrutiny of Balance sheet
• Treatment of Profit Prior to Incorporation,
Preoperative and Preliminary Expenses
• Preparation of Final Accounts under Company Law.
Corporate Restructuring
• Concept and Accounting Treatment as per AS
• Methods of Amalgamations Accounting
• The Pooling of Interests Method
• The Purchase Method
• Consideration
• Treatment of Reserves, Goodwill and Pre- Acquisition & Post-Acquisition Profit
• Accounting in the books of Transferor and Transferee

9.00
Unit IV: 
Merger and De-merger

Acquisition of Business
• Internal Reconstruction

9.00
Unit V: 
Auditing Concepts

Nature, Scope and Significance of Auditing
• Basic Principles Governing an Audit
• Overview of Auditing and Assurance Standards- National and International
Types of Company Audit
• Statutory Audit
• Internal Audit
• Branch Audit
• Joint Audit
• Special Audit
• CAG Audit

References: 

Study Material Published by ICSI
2. Scanner-Arun Kumar(Shuchita Prakashans(P) Ltd)
3. Modern Accountancy- A Mukherjee& M Hanif (Tata Mc Graw Hill
4. Company Accounts-R.L Gupta & M Radhaswamy(Sultan Chand & Sons)
5. Accounting Theory-L.S Porwal (Tata,Mc Graw Hill)
6. Advanced Accounts-Shukla, Grewal, Gupta (S.Chand)
7. Advanced Accountancy-S.N Maheshwari (Vikas Publishing House Pvt Ltd)
8. Advanced Accountancy- S.P Jain& K.L Narang , (Kalyani Publishers)
9. Corporate Accounting: Anil, Rajesh Mariyappa ( Himalaya Publishing House)
10. Fundamentals of Corporate Accounting; J.R Monga (Mayoor Paperbakcs A-95 Sector 5, Noida

Academic Year: