Corporate Accounting

Paper Code: 
BCS 211
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

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

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

BCS 211

 

Corporate Accounting

 

CO 24:To know about the meaning of companies and working style of Companies or Accounting Treatment of Issue of Shares.    

CO 25:Learn about the concept of sources of Issue & Redemption of debentures.

CO 26: Understand the concept of Cash Flow Statement & Develop the skills of Preparing it under the guidance of AS.

CO 27:Develop the understanding and the skills among the students the Theoretical and Practical approach of Consolidation of Accounts as per Companies Act, 2013.

CO 28:Develop the skills of identification and uses of different Accounting Standard in Accounts.

 

Approach in teaching:
Explanations,
Discussion, Solving Questions, Action Research, Project Work.

Learning activities for the students:
Field activities, Presentation, Giving tasks

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects, Observation,

 

 

9.00
Unit I: 
Introduction

Introduction to Financial Accounting.

Introduction to Corporate Accounting : Records of accounts to be maintained by a company.

Accounting for Share Capital :

Issue of Shares; Forfeiture and Re-issue of Shares, Accounting treatment of premium, Buyback of Shares; Redemption and Conversion; Capital Redemption Reserve, Bonus Shares; Rights Issue, ESOPs, ESPS, Sweat Equity Shares; and Underwriting; Book Building.

 

9.00
Unit II: 
Accounting for Debentures :

Accounting for Debentures :

Accounting Treatment, Debenture Redemption Reserve, Redemption of Debentures and Conversion of Debentures into Shares. Deferred Tax.

Related Aspects of Company Accounts :

Accounting for ESOP, Buy-back, Equity Shares with differential rights, Underwriting and Debentures.

9.00
Unit III: 
Financial Statements Interpretation:

Financial Statements Interpretation:

Preparation and Presentation of Financial Statements; Quarterly, Half-yearly and Annual Financial Statement pursuant to Listing Regulations; Depreciation provisions and Reserves; Determination of Managerial Remuneration, Corporate Social Responsibility spend, various disclosures under the Companies Act, 2013, LODR & applicable accounting standards; Related party and segment reporting, Audit Queries; How to Read and interpret Financial Statements.

Cash Flow Statements:

 

9.00
Unit IV: 
Consolidation of Accounts

Consolidation of Accounts as per Companies Act, 2013

Holding Company, Subsidiary Companies, Associate Companies and Joint Venture; Accounting Treatment and disclosures.

Corporate Financial Reporting Requirements of Corporate Reporting; Recent trends in Financial Reporting.

 

9.00
Unit V: 
Accounting Standards

Accounting Standards (AS) :Applicability, Interpretation, Scope and Compliance; International Financial Reporting Standards; Overview of AS, AS vs. Ind AS vs. IFRS.

National and International Accounting Authorities.

Adoption, Convergence and Interpretation of International Financial Reporting Standards (IFRS) and Accounting Standards in India.

 

References: 
  • Study Material Published by ICSI
  • Scanner-Arun Kumar(ShuchitaPrakashans(P) Ltd)

 

Academic Year: 
2020-2021
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