Coming soon
CORPORATE ACCOUNTING
This course will enable the students to acquire the conceptual knowledge of corporate accounting and to understand the various techniques of accounting and preparing financial statements for different forms of companies.
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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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24ATG321 |
Corporate Accounting (Theory) |
CO61: Develop an understanding of conditions for internal reconstruction and accounting in internal reconstruction. CO62: Understand the accounting for amalgamation in the case of merger and purchase and liquidation of companies. CO63: Prepare Statement of affairs including deficiency /surplus account as well as Liquidator’s statement. CO 64: Prepare consolidated financial statements for Holding companies. CO 65: Able to calculate value additions and human resource for its proper accounting evaluate Government accounting, social accounting and environmental accounting. CO66: Contribute effectively in course-specific interaction |
Approach in Teaching: Interactive Lectures, Discussion, Tutorials, Problem Solving Sessions & Presentations Learning activities for the students: Self-learning assignments, Case Study Analysis, Class Presentations (Individual & Group)
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Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Individual & Group Projects |
● Corporate Financial Reporting:
Reporting of Balance sheet, Profit and loss account.
● Internal Reconstruction:
Alteration of Share Capital, Conversion of Fully Paid Shares into Stock and Stock into Shares, Objectives of Capital Reduction, Procedure, Accounting Arrangement
● 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)
● 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.
● Concept of Holding and subsidiary companies,
● Consolidated Financial Statements including inter-company transactions and investments.
● 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
- 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)
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&source=gbs_ge_summary_r&cad=0#v=onepage&q&f=false
- https://india.oup.com/productPage/5591038/7421214/9780190124052
Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless.
