Course Code COM3CJ202

Course Title Corporate Accounting

Type of Course Major

Semester III

Credit 4

Course Outcomes (CO):

CO1 Provide an in-depth knowledge in theories, principles, practices and regulatory framework of corporate accounting

CO2 Applying the learned knowledge about accounting of shares, debentures, preparation of final accounts of companies and its consolidation

CO3 Exhibit the skill to carry out the functions of business, solve problems and help in managerial decision making using the acquired knowledge in corporate accounting

CO4 Efficiently illustrate accounting data to communicate effectively with all stakeholders

CO5 Demonstrate analytical and critical thinking required for the preparation of final accounts of companies for corporate decision making

CO6 Quantitatively analyse and present the business data, plans and programmes

SYLLABUS

Module I - Accounting of Shares and Debentures 

1 Shares – Introduction - Issue of Shares - Equity Shares - Preference Shares – Issue at Par, Premium and Discount

2 Calls in Arrears- Calls in Advance– Forfeiture (theory only) 

3 Debentures – Introduction -Types- Issue of Debentures 

Module II - Accounting of bonus and rights issue- Buyback of shares- Redemption of

preference shares

4 Redemption of Preference Shares–Provisions of Companies Act 

5 Capital Redemption Reserve – Minimum Fresh Issue 

6 Bonus issue – Rights issue 

Module III - Consolidated Financial Statements (Ind AS 110)

7 Group Companies and Group Structures– need for consolidation – Calculation of pre-acquisition Calculation of profit- post-acquisition profit-)

8 Calculation of Non-Controlling Interest – Calculation of Cost of Control (Goodwill) or Capital Reserve

9 Preparation of Consolidated Balance Sheet (simple problems only) 

Module IV - Accounting of Banking and Life Insurance Companies 

10 Meaning of banking- Slip system of ledger posting- Important terms used- Revenue recognition in banks- Rebate on bills discounted with problems- Interest on doubtful debts with problems- Non-Performing Assets- Classification- Provisions for NPA (simple problems)

11 Meaning of life insurance- Features- Types of life insurance- Important terms used- Calculation of Life fund with problems- Valuation balance sheet.

Module V - Practicum: