Corporate Accounting

Paper Code: 
BSR 211
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

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

10.00
Unit I: 
Accounting for 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: 
Accounting For 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
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 of Business
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 of Goodwill
Valuation of Goodwill: Features of Goodwill, Elements of Goodwill, Types 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 Method

 

Essential Readings: 

1. Corporate Accounting-Agarwal, Jain, Sharma, Shah , Mangal (Ramesh Book Depot)
2. Modern Accountancy- A Mukherjee& M Hanif (Tata Mc Graw Hill)
3. Corporate Accounting-Jain, Khandelwal, Pareek (Ajmera Book Company)

 
References: 
 

1. Accounting Theory-L.S Porwal (Tata,Mc Graw Hill)
2. Advanced Accounts-Shukla, Grewal, Gupta (S.Chand)
3. Advanced Accountancy-S.N Maheshwari (Vikas Publishing House Pvt Ltd)
4. Advanced Accountancy- S.P Jain& K.L Narang , (Kalyani Publishers)
5. Corporate Accounting: Anil, Rajesh Mariyappa ( Himalaya Publishing House)

 

Academic Year: 
2015-2016
  • Printer-friendly version
  • PDF version