Advanced Accounting

Paper Code: 
AAF 413
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective this course is to gain expert knowledge of principle and procedure of accounting and their application in different practical situations.

Course Outcome (COs):

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

AAF  413

Advanced Accounting

CO 134: Understand internal and external reconstruction and perform accounting in internal reconstruction

CO 135: Understand the accounting treatment under amalgamation in nature of merger and purchase

CO 136: Prepare Statement of affairs including deficiency /surplus account.

CO 137: Understand the accounts of insurance companies and be able prepare them

CO 138: Draft financial Statements of Banking Companies.

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, assignments.

 

Learning activities for the students:

Self learning assignments, Effective questions,  Giving tasks, Solving numerical problems

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments,  Individual projects

 

9.00
Unit I: 
Internal and External Reconstruction
  • Alteration of Share Capital,
  • Conversion of Fully Paid Shares into Stock and Stock into Shares,
  • Objectives of Capital Reduction, Procedure, Accounting Arrangement
9.00
Unit II: 
Amalgamation-
  • 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 (Excluding Inter Company Investments)
9.00
Unit III: 
Liquidation
  • Meaning of Liquidation,
  • Winding up by Court, Voluntary Winding Up, Preferential Payments,
  • Preparation of Statement of Affair, Deficiency/Surplus Account,
  • Liquidator’s Final Statement of Account, Receiver for Debenture Holder, B List of Contributories
9.00
Unit IV: 
Accounts of Insurance Companies
  • Meaning of Insurance,
  • Financial Statement of Insurance Companies,
  • Accounts of Life Insurance Business,
  • Accounts of General Insurance Business
9.00
Unit V: 
Banking Company Accounts:
  • Meaning of Banking,
  • Types of Banks,
  • Requirement as to strong financial management,
  • Preparation and Presentation of Financial Statements of Banks,
  • Collection of Bills of Exchanges of Customers,
  • Discounting of Bills of Exchange of Customer,
  • Rebate on Bills of Exchange Discounted, Classification of Assets
References: 
  • Advanced Accounting-R.L Gupta, M Radhaswamy(S. Chand& Sons New Delhi)
  • Accounting Theory-L.S Porwal(Tata,Mc Graw Hill)
  • Advanced Accounts-Shukla, Grewal, Gupta(S.Chand)
  • Advanced Accountancy-S.N Maheshwari(Vikas Publishing House Pvt Ltd)
  • Advance Accountancy- Jain, Khandelwal, Pareek( Ajmera Book Company)
  • Modern Accountancy- A. Mukharjee& M. Hanif(Tata Mc Graw Hill)
  • Corporate Accounting-S.N. Maheshwari and S.K. Maheshwari(Vikash Publishing House Pvt Ltd)
Academic Year: 
2020-2021
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