Corporate Accounting

Paper Code: 
FA-231
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

The course aims at acquainting the student with a coherent set of logical principles and a general frame of reference for evaluation and development of sound accounting practices. The purposed of the course is to equip the students with fundamental aspects of corporate Accounting.

18.00
Unit I: 

Accounting Aspects of Financial Decision: Accounting for Shares Accounting treatment for Issue of Shares, Issue of Shares at a Premium and Discount, Forfeiture and Re-Issue of Shares, Rights and Bonus Shares, Preference Shares: Issue, Conversion and Redemption

18.00
Unit II: 

Accounting for Debentures: Issue of Debentures, Redemption of Debentures, Debenture Redemption Reserve, Purchase of Own Debentures, Convertible and Non convertible Debentures. NCDs with Warrants, Secured Premium Notes

18.00
Unit III: 

Valuation of goodwill

 

Valuation of shares

 

Underwriting of Shares and Debentures

18.00
Unit IV: 

Introduction to Consolidated Accounts of Holding and Subsidiary Companies: Introduction, Determining the Types of Control, Legal Definition and Requirement, Meaning of Holding Company. (Introductory level Is required),

 

Accounts of Holding companies. Preparation of consolidated financial statements (excluding inter-company holdings).

 

Accounts of banking companies and general insurance companies.

 

Double accounts system (including accounts of Electricity companies).

18.00
Unit V: 

Alteration of share capital and internal reconstruction (excluding framing of schemes).

 

Amalgamation, absorption and external reconstruction of compa¬nies (excluding framing of schemes).Liquidation of companies.

References: 
  1. Publications of the Institute of Chartered Accounts of India,
  2. Trends in Published Accounts
  3. Indian Accounting Standards 1 to 29.
  4. Pickles        :    Accountancy
  5. Spicer and Peglar        :    Book-Keeping and Accounts
  6. ShuklaM.C. &GrewalT.S.     : Advanced Accounting
  7. H. Chakravarty        :    Advanced Accountancy
  8. R.L. Gupta        . Advanced Accountancy, Vol. II
  9. Jam & Narang        : Advanced Accounts.
  10. R.L. Gupta         : Advanced Accountancy
  11. S.N. Maheshwari        : Advanced Accountancy Vol. I & II
  12. Shukla & Grewal         : Advanced Accounts.
  13. Shukla S.M.        : Advanced Accountancy.
  14. Monga, Sehgel, Ahuja        : Advanced Accounts Vol.
  15. Jain, Narang         : Advanced Accountancy.

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.
 

Academic Year: 
2018-2019
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