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.