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.
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course title |
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25DATG511B |
Higher Accounting (Theory)
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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
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Approach in teaching: Interactive Lectures, Discussion, Tutorials, Reading assignments; Solving Questions.
Learning activities for the students: Self learning assignments , Effective questions, Seminar presentation .
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects. |
● 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)
● 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)
● 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
● Meaning of Holding and subsidiary company
● Advantages and disadvantages of Holding company
● Preparation of Consolidated balance sheet with one subsidiary company
● 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
● 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
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... [2]
● https://india.oup.com/productPage/5591038/7421214/9780190124052 [3]
Reference Journals::
● The Indian Journal of Commerce
● IUP Journal of Accounting Research and Audit Practices
● FIIB Business Review
Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/higher-accounting-12
[2] https://books.google.co.in/books?id=vlh1DwAAQBAJ&printsec=frontcover&source=gbs_ge_summary_r&cad=0#v=onepage&q&f=false
[3] https://india.oup.com/productPage/5591038/7421214/9780190124052
[4] https://accountingtaxation.iisuniv.ac.in/academic-year/2025-2026