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 |
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Paper Code |
Paper Title |
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BCS 211
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Corporate Accounting
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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.
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Approach in teaching: Learning activities for the students:
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects, Observation,
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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.
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.
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
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.
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.