Acquire the conceptual knowledge of corporate accounting
· Understand the various techniques of accounting
· Prepare financial statements for different forms of companies.
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ATG 321 |
Corporate Accounting |
CO 61: Develop an understanding of conditions for internal reconstruction and accounting in internal reconstruction. CO 62: Understand the accounting for amalgamation in the case of merger and purchase and liquidation of companies. CO 63: Understand the accounting for insurance and banking companies. CO 64: Understand the concept of double account system and accounting for public utility organizations under this system. CO 65: Prepare consolidated financial statements for Holding companies CO 66: To evaluate the issues in company accounts. |
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 |
Corporate Financial Reporting: Reporting of Balance sheet, Profit and loss account.
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
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 (Including Inter Company Investments)
Liquidation: Meaning of Liquidation, Winding up by Court, Voluntary Winding Up, Preferential Payments, Preparation of Statement of Affairs, Deficiency/Surplus Account, Liquidator’s Final Statement of Account, Receiver for Debenture Holder, B List of Contributories.
Accounting for Holding Companies-Consolidated Financial Statements including inter-company transactions and investments.
Value added accounting: Methods of calculating value additions- Additive and Subtractive approach, Kinds of value added- Gross value added and net value added
Human Resource Accounting: Meaning, Approaches to HRA, Methods
Social Responsibility Accounting: Meaning, need, form of accounting
Government Accounting: General principles, Consolidation of funds, compilation of accounts
Environmental Accounting:Concept,Forms, Scope, Limitations of Environmental Accounting, Flaws of conventional system of accounting.
1. Advance Accountancy- Jain, KhandelwalPareek( Ajmera Book Company)
2. Modern Accountancy- A Mukharjee& M Hanif(Tata McGraw Hill)
3. Corporate Accounting-S.NMaheshwari and S.K Maheshwari(Vikash Publishing House Pvt Ltd)
4. Higher Accounting- Jain, Khandelwal, Pareek (RBD Publishing House)
1. Advanced Accounting-R.L Gupta, M Radhaswamy(S. Chand& Sons New Delhi)
2. Accounting Theory-L.S Porwal(Tata,McGraw Hill)
3. Advanced Accounts-Shukla, Grewal, Gupta(S.Chand)
4. Advanced Accountancy-S.NMaheshwari(Vikas Publishing House Pvt Ltd)
5. Advanced Accountancy- M.A. Arulanandam, K.S. Raman (Himalaya Publishing House)
Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/corporate-accounting-38
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2021-2022