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Corporate Accounting
The objective of this course is to gain expert knowledge of principle and procedure of corporate accounting and their application in different practical situations.
Course Outcomes (COs):
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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AAF 314
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Corporate Accounting |
CO 101: Acquire knowledge of companies, Shares and regulatory of companies. CO 102: Describe the pattern of final accounts of the company. CO 103: Acquire knowledge of issue and redemption of shares and debentures. CO 104: Understand the methods of valuation of goodwill and shares. CO 105: Calculate and differentiate between profit and loss prior period to incorporation and post incorporation.
CO 106: Understand the advanced issues in accounting for assets, liabilities and owner’s equity.
CO 107: Prepare consolidated accounts for a corporate group. CO 108: Understand principles of accounting for investments in associates.
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Approach in teaching: Interactive Lectures, Discussion, Tutorials, assignments.
Learning activities for the students: Self-learning assignments, Effective questions, Giving tasks, Solving numerical problems
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual projects |
- Accounting for shares: Demat Shares, Right Issue, Issue of Shares to Vendor, Issue of Shares to Promoters, Issue of Sweat Equity Shares, Employees Stock Option Scheme(ESOS), Bonus Issue.
- Redemption of Preference Shares and Buy Back of Shares: Introduction, Redemption of Preference Shares, Accounting Treatment, Calculation of Minimum Fresh issue of shares to comply with section 80 of the Act, Minimum Fresh Issue to Provide Funds for Redemption,
- Partly Called up Preference Shares and Redemption of Preference Shares, Fully Called up but partly paid up Shares and Redemption of Preference Shares, Buy Back of Equity Shares.
- Accounting For Debentures: Introduction, Meaning and Types of Debentures, Difference between Shares and Debentures, Accounting for Issue of Debentures,
- Treatment of Discount on issue of Debentures,
- Interest on Debentures, Meaning of Redemption of Debentures, Sources of Redemption of Debentures, Methods for Redemption of Debentures
- Profit and Loss Account, Balance Sheet as per
- Schedule VI
- Managerial Remuneration: Ascertaining Profit for Managerial Remuneration,
- Remuneration to Directors, Remuneration to Managers
- Disposal of Profits: Transfer to Reserve, Dividends, Corporate Dividend Tax, Unpaid Dividend Account
- Acquisition of Business, Pre-Incorporation Profit/Loss
- Underwriting of Shares and Debentures: Meaning of Underwriting,
- Sub-Underwriters, Firm Underwriting, Underwriting Commission,
- Marked Applications, Calculation of Liability of Underwriters,
- Valuation of Goodwill: Features of Goodwill, ElemeTypes of Goodwill, Accounting for Goodwill,
- Valuation of Non- Purchased Goodwill-Average Profit Method, Super Profit Method,
- Capitalization of Average Method, Capitalization of Super Profit Method, Annuity Method
- Valuation of Shares: Need for Valuation, Factors Affecting Valuation of Shares,
- Methods of Valuation-Assets Backing Method, Yield
- Valuation Methodnts of Goodwill,
- Corporate Accounting-Agarwal, Jain, Sharma, Shah , Mangal (Ramesh Book Depot)
- Modern Accountancy- A. Mukherjee & M. Hanif (Tata McGraw Hill)
- Accounting-Jain, Khandelwal, Pareek (Ajmera Book Company)
- Accounting Theory-L.S. Porwal (Tata,McGraw Hill)
- Advanced Accounts-Shukla, Grewal, Gupta (S.Chand)
- Advanced Accountancy-S.N Maheshwari (Vikas Publishing House Pvt Ltd)
- Advanced Accountancy- S.P Jain& K.L Narang , (Kalyani Publishers)
- Corporate Accounting: Anil, Rajesh Mariyappa ( Himalaya Publishing House)
- 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
