HIGHER ACCOUNTING

Paper Code: 
DATG 511B
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

COURSE OUTCOMES (COs):

Course outcomes

 

Learning and teaching strategies

Assessment Strategies

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

CO141: Examine the conditions for internal reconstruction and perform accounting for internal reconstruction under alteration and reduction of share capital

CO142: Determine the nature of amalgamation and choose the appropriate methods for accounting for amalgamation

CO143: Classify the items under various lists for preparation of Statement of affairs for companies going under liquidation and prepare liquidator’s statement

CO144: Prepare consolidated balance sheet for Holding companies

CO145:Prepare Financial Statements of Banking Companies

Interactive Lectures, Discussion, Tutorials, reading assignments & Solving Questions.
 

Evaluation of PPT's, Quizzes, CA Test, Assignments, End Term Test

 

Unit I: 
Internal Reconstruction of Companies

• Meaning of Internal and external reconstruction
• Alteration of Share Capital
• Objectives of Capital Reduction and its Procedure
• Accounting for Internal Reconstruction (excluding preparation of scheme for internal reconstruction)

Unit II: 
Amalgamation of Companies

• Forms of Amalgamation
• Concept of Purchase Consideration and its calculation
• Methods of Accounting for Amalgamation: Pooling of Interests Method, Purchase Method
• Distinction between Pooling of Interests Method and Purchase Method
• Accounting for Amalgamation (Excluding Inter Company Investments)

Unit III: 
Liquidation of Companies

• Methods of liquidation: Winding up by Court, Voluntary Winding Up
• Preparation of Statement of Affairs and Deficiency/Surplus Account
• Liquidator’s Final Statement of Account
• Receiver for Debenture Holder
• B List of Contributories

Unit IV: 
Accounting for Holding Companies

• Meaning of Holding and subsidiary company
• Advantages and disadvantages of Holding company
• Preparation ofConsolidated balance sheet with one subsidiary company

Unit V: 
Accounting for Banking Companies

• Collection of Bills of Exchanges of Customers, Discounting of Bills of Exchange of Customer, Rebate on Bills of Exchange Discounted
• Classification of Advances
• Preparation and Presentation of Financial Statements of Banks

Essential Readings: 

• Mukharjee, A. Hanif, M. Modern Accountancy. Tata Mc- Graw-Hill
• Maheshwari, S.N. Maheshwari, S.K. Coporate Accounting. Vikash Publishing House Pvt. Ltd.
• Jain. Khandelwal & Pareek. Advance Accountancy. Ajmera Book Company

References: 

SUGGESTED REFERENCE BOOKS:
• Maheshwari, S. N. An Introduction to Accountancy. Vikash Publishers.
• Porwal,L.S. Accounting Theory.Tata Mc Graw Hill
• Gupta, R.L. & Gupta, V.K. Financial Accounting. Sultan Chand & Sons
• Shukla & Grewal. Advanced Accounts. S.Chand
e-RESOURCES:
• https://books.google.co.in/books?id=vlh1DwAAQBAJ&printsec=frontcover&sou...
• https://india.oup.com/productPage/5591038/7421214/9780190124052
REFERENCE JOURNALS::
• The Indian Journal of Commerce
• IUP Journal of Accounting Research and Audit Practices
• FIIB Business Review

Academic Year: 
2023-2024
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