Corporate Accounting

Paper Code: 
PPA 224
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to gain expert knowledge of principle and procedure of corporate accounting and their application in different practical situations.

12.00
Unit I: 

Partnership Accounts :

Nature of Parnership Firm: Parnership Deed- Meaning, Impact, Special Aspect of Final Accounts of Partnership Fixed v/s Fluctuating Capital, Distribution of Profit among partners, Past Adjustments and Guarantee of Profits,

Reconstitution of Partnership: Change in Profit Sharing Ratio among the existing partners-Sacrificing and Gaining Ratio. Accounting for Revaluation of Assets and Liabilities and Distribution of Reserves and Accumulated Profits. Goodwill: Nature Factors affecting and methods of valuation, accounting treatment of goodwill.

12.00
Unit II: 

Departmental Accounts, Branch Accounts, Incomplete Records:  Calculation of Net profits of Various Departments, Allocation of expenses, Preparation of Common Balance Sheet, Treatment of unrealized profits.

12.00
Unit III: 

Issue and Forfeiture of Shares: Introduction, Types of Companies, Types of Shares, Central Government Rules/SEBI Guidelines on Issue of Shares including concepts of Book Building and Demat Shares, Accounting for issue of 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, Forfeiture and Reissue of Shares

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

12.00

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.

12.00
Unit V: 

Preparation of Financial Statements- Profit and Loss Account, Balance Sheet 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

References: 
  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. Advanced Accounting-R.L Gupta, M Radhaswamy(S. Chand& Sons New Delhi)
  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)

 

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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