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: 
.

Corporate Financial Reporting: Reporting of the Balance sheet, Profit and loss account.
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 Affairs, Deficiency/Surplus Account, Liquidator’s Final Statement of Account, Receiver for Debenture Holder, B List of Contributories.

18.00
Unit IV: 
.

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

18.00
Unit V: 
.

Value-added accounting: Methods of calculating value additions- Additive and Subtractive approach, Kinds of value-added- Gross value added and net value-added
Human Resource Accounting: Meaning, Approaches to HRA, Methods
Social Responsibility Accounting: Meaning, need, form of accounting
Government Accounting: General principles, Consolidation of funds, compilation of accounts
Environmental Accounting: Concept, Forms, Scope, Limitations of Environmental Accounting, Flaws of the conventional system of accounting.

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)
4. Higher Accounting- Jain, Khandelwal, Pareek (RBD Publishing House)

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)
5. Advanced Accountancy- M.A. Arulanandam, K.S. Raman (Himalaya Publishing House)

Academic Year: 
2020-2021
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