Corporate Accounting FYUGP Syllabus [Gauhati University BCom 2nd Semester]

Gauhati University Bachelor of Commerce 
2nd Semester
Course Name: CORPORATE ACCOUNTING
Existing based syllabus: UGCBCS
Course Level: 200 to 299
Credit 4
Total Marks: 100

Unit I: Final Accounts (12 Classes) (20 Marks) Preparation of Final Accounts of a Joint Stock Company (as per Companies Act, 2013) with necessary adjustments.

Unit – II Incentive Equity, Buy Back, and Valuation of shares and goodwill: (12 Classes) (20 Marks)

i. Incentive Equity: Right and Bonus Shares Meaning. Advantages and Disadvantages, Provisions as per Companies Act, 2013 and their Accounting Treatment.

ii. Buy back of shares: Meaning, Provisions of Companies Act, 2013 and Accounting Treatment.

iii. Valuation of shares and goodwill: Meaning, provision of Companies Act on Valuation of Shares and Valuation of Goodwill, Concepts, and calculation: the simple problem only.

Unit III: Internal Reconstruction of Companies: (12 Classes) (20 Marks) Concept and meaning of Internal Reconstruction, Different forms of Internal Reconstruction; Provisions as per Companies Act and Accounting treatment for Alteration of Share Capital and Reduction of Share Capital; Preparation of Balance Sheet after Internal Reconstruction.

Unit – IV Amalgamation of Companies: (12 Classes) (20 Marks) Meaning and objectives; Provisions as per Accounting Standard 14; Amalgamation in the nature of Merger and Purchase; Consideration for Amalgamation; Accounting Treatment for Amalgamation and preparation of Balance Sheet after Amalgamation.

Unit V. Accounts of Holding Company (12 Classes) (20 Marks) Concept and meaning of different terms: holding company, subsidiary company, pre-acquisition profit/loss, post-acquisition profit/loss, minority interest; cost of control. 

Meaning and needs for consolidation of financial statements as per AS 21.

Preparation of consolidated balance sheet of a holding company with one subsidiary. 

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 Standards would become applicable immediately.

Suggested Readings:

1. Hanif and Mukherjee: Corporate Accounting

2. B. B. Dam, H C Gautam and others, Corporate Accounting, Gayetri Publications, Guwahati

3. K. R. Das & K. M. Sinha. Corporate Accounting

4. M.C.Shukla, T.S. Grewal and S.C.Gupta. Advanced Accounts. S. Chand & Co., New Delhi.

5. S. N. Maheshwari Corporate Accounting, Vikash Publishing House

6. S. Sehgal & D. Sehgal, Advanced Accounting Taxmann Publication

7. Modern Accounting by Hanif and Mukherjee, Tata McGraw Hill. 

8. V. K. Saxena Advanced Accounting – Sultan Chand & sons. S. N. Maheshwari Corporate Accounting, Vikash Publishing House

Objectives: To help the students to acquire the conceptual knowledge of corporate accounting and to learn the techniques of preparing financial statements.

Course Outcome: The learning outcomes of corporate accounting include the ability to analyze and interpret financial statements, apply accounting standards and principles to prepare accurate financial reports, and make informed financial decisions based on a thorough understanding of corporate financial performance No, of Contact Classes: 60

Name of the Designer: Prof. Prashanta Sharma, Dr. Upasana Borpujari, Gauhati University, prs@gauhati.ac.in,  upasna.borpujari@gmail.com

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