Higher Accounting

Paper Code: 
24CATG511B
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

 Course Outcomes (COs):

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course title

24DATG511B

Higher Accounting (Theory)

 

CO169: Examine the conditions for internal reconstruction and perform accounting for internal reconstruction under alteration and reduction of share capital

CO170: Determine the nature of amalgamation and apply the appropriate methods for accounting for amalgamation

CO171: Examine the items under various lists for preparation of Statement of affairs for companies going under liquidation and prepare liquidator’s statement

CO172: Apply the concept of holding and subsidiary companies and prepare consolidated balance sheet for Holding companies

CO173: Appraise the Financial Statements of Banking Companies

CO174: Contribute effectively in course-specific interaction

 

Approach

in

teaching:

Interactive

Lectures,

Discussion,

Tutorials,

Reading

assignments; Solving

Questions.

 

Learning

activities

for the

students:

Self learning

assignments

, Effective

questions,

Seminar

presentation

.

  

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects.

 

12.00
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)

12.00
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)

12.00
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

12.00
Unit IV: 
Accounting for Holding Companies :

● Meaning of Holding and subsidiary company
● Advantages and disadvantages of Holding company
● Preparation of Consolidated balance sheet with one subsidiary company

12.00
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: 

● 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: 
2024-2025
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