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 Outcomes (COs):

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

BCS 211

 

Corporate Accounting

 

CO 31:To know about the meaning of companies and working style of Companies or Accounting Treatment of Issue of Shares.    

CO 32:Learn about the concept of sources of Issue & Redemption of debentures.

CO 33: Appraise the concept of Cash Flow Statement & Develop the skills of Preparing it under the guidance of AS.

CO 34:Assess the skills among the students the Theoretical and Practical approach of Consolidation of Accounts as per Companies Act, 2013.

CO 35: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 to Financial Accounting

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 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

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 Statement 

9.00
Unit IV: 
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 (AS)

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: 
2021-2022
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