Higher Accounting

Paper Code: 
25DATG511B
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

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.

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course title

25DATG511B

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: 

Suggested Readings:
● 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: 
2025-2026
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