Corporate Accounting

Paper Code: 
ATG-321
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to -

  • Acquire the conceptual knowledge of corporate accounting
  • Understand the various techniques of accounting
  • Prepare financial statements for different forms of companies.

Course Outcomes (COs):

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG 321

Corporate Accounting

CO49: Develop an understanding of conditions for internal reconstruction and accounting in internal reconstruction.

CO50: Understand the accounting for amalgamation in the case of merger and purchase and liquidation of companies.

CO51: Understand the accounting for insurance and banking companies.

CO52: Understand the concept of double account system and accounting for public utility organizations under this system.

CO53: Prepare consolidated financial statements for Holding 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

 

 

18.00
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.

18.00
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 (Including Inter Company Investments)

18.00
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

Double Accounts System Including Electricity Supply Companies: Introduction, Double Account System, Final Account of Electricity Supply Companies, Accounting for Replacement, Calculation of Disposal of Surplus of Electricity Companies

18.00
Unit IV: 

Accounts of Insurance Companies: Meaning of Insurance, Financial Statement of Insurance Companies, Accounts of Life Insurance Business, Accounts of General Insurance Business.

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.

18.00
Unit V: 

Accounting for Holding Companies-Consolidated Financial Statements including inter company transactions and investments.

 

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

 

Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

 

Academic Year: 
2018-2019
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