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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 Outcome (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 |
Upon successful completion of this course, the student will be able to: CO 101: Assess knowledge about companies, Shares, and regulations of companies. CO 102: Explain the pattern of final accounts of the company. CO 103: Discriminate between issue and redemption of shares and debentures. CO 104: Evaluate 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: Analyze the advanced issues in accounting for assets, liabilities, and owner’s equity. CO 107: Prepare consolidated accounts for a corporate group. CO 108: Consider principles of accounting for investments in associates. |
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 |
- 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
- 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
- Meaning of Underwriting, Sub-Underwriters, Firm Underwriting.
- Underwriting Commission, Marked Applications, Calculation of Liability of Underwriters
- Features of Goodwill, Elements of Goodwill, Types 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 Method.
- 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)
