CORPORATE ACCOUNTING

Paper Code: 
ATG 321
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

Learning and teaching strategies

Assessment Strategies

  
 

On completion of this course, the students will be able to:

CO 61: Develop an understanding of conditions for internal reconstruction and accounting in internal reconstruction.

CO 62: Understand the accounting for amalgamation in the case of merger and purchase and liquidation of companies.

CO 63: Prepare Statement of affairs including deficiency /surplus account as well as Liquidator’s statement .Explain and interpret the problems of internal & external reconstruction.

CO 64: Prepare consolidated financial statements for Holding companies.

CO 65: Able to calculate value additions and human resource for its proper accounting.

CO 66: Able to understand and perform Government accounting, social accounting and environmental accounting.

Interactive Lectures, Discussion, Tutorials, assignments.

 

Class test,

Semester end examinations,

Quiz,

Solving problems in tutorials, Assignments,  Individual projects

  

 

18.00
Unit I: 
Unit I:
  • Corporate Financial Reporting: Reporting of Balance sheet, Profit and loss account.
  • Internal and External Reconstruction- Alteration of Share Capital, Conversion of Fully Paid Shares into Stock and Stock into Shares, Objectives of Capital Reduction, Procedure, Accounting Arrangement
18.00
Unit II: 
Unit II

Amalgamation- Forms of Amalgamation, Motive for Amalgamation, Calculation of
Purchase Consideration, Methods of Accounting for Amalgamation: Pooling of
Interests Method, Purchase Method, Distinction between Pooling of Interests Method
and Purchase Method, Accounting for Amalgamation (Including Inter Company
Investments)

18.00
Unit III: 
Unit III

•Liquidation: Meaning of Liquidation, Winding up by Court, Voluntary Winding Up, Preferential Payments, Preparation of Statement of Affairs, Deficiency/Surplus Account, Liquidator’s Final Statement of Account, Receiver for Debenture Holder, B List of Contributories.

18.00
Unit IV: 
Unit IV

•Accounting for Holding Companies-Consolidated Financial Statements including inter-company transactions and investments.

18.00
Unit V: 
Unit V

• Value Added Accounting: Methods of calculating value additions- Additive and Subtractive approach, Kinds of value added- Gross value added and net value added
• Human Resource Accounting: Meaning, Approaches to HRA, Methods
• Social Responsibility Accounting: Meaning, need, form of accounting
• Government Accounting: General principles, Consolidation of funds, compilation of accounts
• Environmental Accounting: Concept, Forms, Scope, Limitations of Environmental Accounting, Flaws of conventional system of accounting

Essential Readings: 

• Advance Accountancy- Jain, KhandelwalPareek( Ajmera Book Company)
• Modern Accountancy- A Mukharjee& M Hanif(Tata McGraw Hill)
• Corporate Accounting-S.N. Maheshwari and S.K Maheshwari(Vikash Publishing House Pvt Ltd)
• Higher Accounting- Jain, Khandelwal, Pareek (RBD Publishing House)

References: 

SUGGESTED READINGS: 

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

• Accounting Theory-L.S Porwal(Tata,McGraw Hill)

• Advanced Accounts-Shukla, Grewal, Gupta(S.Chand)

• Advanced Accountancy-S.NMaheshwari(Vikas Publishing House Pvt Ltd)

• Advanced Accountancy- M.A. Arulanandam, K.S. Raman (Himalaya Publishing House)

e-RESOURCES:

• https://books.google.co.in/books?id=vlh1DwAAQBAJ&printsec=frontcover&sou...

• https://india.oup.com/productPage/5591038/7421214/9780190124052

JOURNALS:

• The Indian Journal of Commerce

• IUP Journal of Accounting Research

• FIIB Business Review

Academic Year: 
2022-2023
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