Thursday, May 21, 2020

ASSAM UNIVERSITY SYLLABUS (NON - HONS): CORPORATE ACCOUNTING (4th SEM - CBCS PATTERN)


B.Com: Semester IV
Paper 4.2: CORPORATE ACCOUNTING
Internal Assessment -30
Term End Exam - 70
Marks: 100
Lectures: 65

Objective: To enable the students to acquire the basic knowledge of the corporate accounting and to learn the techniques of preparing the financial statement.
Contents:
Unit 1: Accounting for Share Capital & Debentures                         12 Lectures                         20
Issue, forfeiture and reissue of forfeited shares: Concept and process of book building; Issue of rights and bonus shares; Buy back of shares; Redemption of preference shares; Issue and Redemption of Debentures.
Unit 2: Final Accounts                                                                    9 Lectures                                           20
Preparation of profit and loss account and balance sheet of corporate entities, excluding calculation of managerial remuneration, Disposal of company profits.
Unit 3: Valuation of Goodwill and Valuation of Shares                                                  13 Lectures                         20
Concepts and calculation: Simple problem only &
Amalgamation of Companies                                          12 Lectures
Concepts and accounting treatment as per Accounting Standard: 14 (ICAI) (excluding inter-company holdings). Internal reconstruction: Concepts and accounting treatment excluding scheme of reconstruction.

Unit 4: Accounts of Holding Companies/Parent Companies 12 Lectures                                20
Preparation of consolidated balance sheet with one subsidiary company; Relevant provisions of Accounting Standard: 21 (ICA)
Unit 5: Banking and Insurance Accounts                                                17 Lectures                                         20
Accounts of banking companies: special features of Bank Book Keeping, preparation of profit and Loss Account and Balance Sheet.
Accounts of Insurance Companies: Preparation of …………. Accounts of Fire, and Life Insurance Companies.
Note:
1. The relevant Indian Accounting Standards in line with the IFRS for all the above topics should be covered.
2. Any revision of relevant Indian Accounting Standard would become applicable immediately.
Suggested Readings:
1. J.R. Monga, Fundamental of Corporate Accounting. Mayur Paper Backs, New Delhi.
2. M.C. Shukla, T.S. Grewal, and S.C. Gupta. Advanced Accounts. Vol. II, S. Chand & Co. New Delhi.
3. S.N. Maheswari, and S.K. Maheswari. Corporate Accounting. Vikas Publishing House, New Delhi
4. Ashok Sehgal, Fundamentals of Corporate Accounting. Taxman PublicationNew Delhi
5. V.K. Goyal and Ruchi Goyal, Corporate Accounting. PHI Learning.
6. Jain, S.P. and K.L. Narang. Corporate Accounting. Kalyani Publishers, New Delhi.
7. Bhushan Kumar Goyal, Fundamentals of Corporate Accounting. International Book House
8. P.C. Tulsian and Bharat Tulsian, Corporate Accounting, McGraw Hill Education
9. Amitabha Mukherjee, Mohammed Hanif, Corporate Accounting, McGraw Hill Education
10. Compendium of Statements and Standards of Accounting. The Institute of Chartered Accountants of India, New Delhi.
Note: Latest edition of text books may be used.

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