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Corporate Accounting [1]

Paper Code: 
AAF 314
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

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

Course Outcomes (COs):

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AAF 314

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Accounting

CO 101: Acquire knowledge of companies, Shares and regulatory of companies.

CO 102: Describe the pattern of final accounts of the company.

CO 103: Acquire knowledge of issue and redemption of shares and debentures.

CO 104: Understand the methods of valuation of goodwill and shares.

CO 105: Calculate and differentiate between profit and loss prior period to incorporation and post incorporation.

 

CO 106: Understand the advanced issues in accounting for assets, liabilities and owner’s equity.

 

CO 107: Prepare consolidated accounts for a corporate group.

CO 108: Understand principles of accounting for investments in associates.

 

 

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

 

10.00
Unit I: 
Shares
  • Accounting for shares: Demat Shares, Right Issue, Issue of Shares to Vendor, Issue of Shares to Promoters, Issue of Sweat Equity Shares, Employees Stock Option Scheme(ESOS), Bonus Issue.
  • Redemption  of  Preference  Shares  and  Buy  Back  of  Shares: Introduction, Redemption of Preference Shares, Accounting Treatment, Calculation of Minimum Fresh issue of shares to comply with section 80 of the Act, Minimum Fresh Issue to Provide Funds for Redemption,
  • Partly Called up Preference Shares and Redemption of Preference Shares, Fully Called up but partly paid up Shares and Redemption of Preference Shares, Buy Back of Equity Shares.
7.00
Unit II: 
Debentures
  • Accounting For Debentures: Introduction, Meaning and Types of Debentures, Difference between Shares and Debentures, Accounting for Issue of Debentures,
  • Treatment of Discount on issue of Debentures,
  • Interest on Debentures, Meaning of Redemption of Debentures, Sources of Redemption of Debentures, Methods for Redemption of Debentures
8.00
Unit III: 
Preparation of Financial Statements
  • Profit  and  Loss  Account, Balance Sheet as per
  • Schedule VI
  • Managerial  Remuneration:  Ascertaining  Profit  for  Managerial Remuneration,
  • Remuneration to Directors, Remuneration to Managers
  • Disposal  of  Profits:  Transfer  to  Reserve,  Dividends,  Corporate Dividend Tax, Unpaid Dividend Account
10.00
Unit IV: 
Acquisition
  • Acquisition of Business, Pre-Incorporation Profit/Loss
  • Underwriting of Shares and Debentures: Meaning of Underwriting,
  • Sub-Underwriters,  Firm  Underwriting,  Underwriting  Commission,
  • Marked Applications, Calculation of Liability of Underwriters,
10.00
Unit V: 
Valuation
  • Valuation of Goodwill: Features of Goodwill, ElemeTypes of  Goodwill, Accounting for  Goodwill,
  • Valuation  of  Non- Purchased  Goodwill-Average  Profit  Method,  Super  Profit  Method,
  • Capitalization  of  Average  Method,  Capitalization  of  Super  Profit Method, Annuity Method
  • Valuation of Shares: Need for Valuation, Factors Affecting Valuation of  Shares, 
  • Methods  of  Valuation-Assets  Backing  Method,  Yield
  • Valuation Methodnts of Goodwill,
References: 
  • Corporate Accounting-Agarwal, Jain, Sharma, Shah , Mangal (Ramesh Book Depot)
  • Modern Accountancy- A. Mukherjee & M. Hanif (Tata McGraw Hill)
  • Accounting-Jain, Khandelwal, Pareek (Ajmera Book Company)
  • Accounting Theory-L.S. Porwal (Tata,McGraw Hill)
  • Advanced Accounts-Shukla, Grewal, Gupta (S.Chand)
  • Advanced Accountancy-S.N Maheshwari (Vikas Publishing House Pvt Ltd)
  • Advanced Accountancy- S.P Jain& K.L Narang , (Kalyani Publishers)
  • Corporate Accounting: Anil, Rajesh Mariyappa ( Himalaya Publishing House)

 

  • 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: 
2020-2021 [2]

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Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/corporate-accounting-27

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/corporate-accounting-27
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2020-2021