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Corporate Accounting
Course Objectives:
This course will enable the students to gain knowledge and understanding of the concepts, principles and practices in Company Accounts, Interpretation of Financial Statements.
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course title |
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24BCS212 |
Corporate Accounting (Theory) |
CO 1:Develop an understanding about the meaning of companies and working style of Companies or Accounting Treatment of Issue of Shares. CO 2:Explain about the concept of sources of Issue & Redemption of debentures along with other related aspects of company accounts CO 3:Appraise the concept of Cash Flow and Develop the skills of identification and uses of different Accounting Standard CO 4:Assess the skills among the students of the Theoretical and Practical approach of Consolidation of Accounts as per CompaniesAct,2013. CO 5:Develop the skills of Preparing forecasted financial statements along with its analysis and interpretation CO 6:Contribute effectively in course – specific interaction. |
Approach in teaching: Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations
Learning activities for the students: Self-learning assignments, Case Study Analysis, Presentations, Group Discussions
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Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects. |
Introduction to Accounting:
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·Book Keeping, Accounting cycle, Double entry system,
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·accounting principles, accounting concepts and conventions,
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·types of accounts, Journal, Ledger,
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·Trial Balance, Final Accounts.
Introduction to Corporate Accounting:
- Records of accounts to be maintained by a company,
- preparation and presentation of financial statements, schedule III of Companies Act, 2013,
- Disclosure Requirement, True and Fair view of Financial Statements, XBRL.
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 for Debentures:
- Accounting Treatment, Debenture Redemption Reserve,
- Redemption of Debentures and Conversion of Debentures into Shares.
Related Aspects of Company Accounts:
- Accounting for ESOP, Buy-back,
- Equity Shares with differential rights,
- Underwriting and Debentures.
Accounting Standards(AS):
- · Applicability, Interpretation,
- · Scope and Compliance;
- · International Financial Reporting Standards;
- · Overview of AS, AS vs IndAS vs IFRS.
Cash Flow:
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· Understanding, identifying the purpose of statement,
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· interpreting the operating , investing and financing activities,
- examining additional usage of cash flow statement.
- Holding Company, Subsidiary Companies, Associate Companies and Joint Venture;
- Accounting Treatment and disclosures.
Financial Statement Analysis:
- Introduction, Characteristics, Requirement,
- Best Practices,
- Ratio Analysis, DuPont Analysis,
- Reading and Interpretation of Financial Statements.
Forecasting Financial Statements:
- Build forecast of future Balance sheet,
- income statement and statement of cash flows.
Essential Readings:
- Study Material Published by ICSI
Suggested Readings:
- Corporate Accounting R.L. Gupta, V.K. Gupta
- Bhushan Kumar Goyal
- Nirmal Gupta, Chhavi Sharma
- Corporate Accounting (as per national education policy- 2020) M.P. Gupta &B.M. Agarwal
E- Content:
- https://www.icsi.edu/student-n/new-syllabus-2022/studymaterial2023/executive-program/
- https://www.icsi.edu/e-journals/
