Corporate Accounting

Syllabus

BCOM 401-18:  Corporate Accounting

Unit – I

Accounting for Share Capital and Debentures: Issue of Shares at Par, at Premium and at Discount. Accounting Treatment in Case of Forfeited Shares. Issue of Rights and Bonus Shares; Buy Back of Shares; Redemption of Preference Shares; Issue and Redemption of Debentures.

Final Accounts: Preparation of Profit and Loss Account and Balance Sheet of Corporate Entities, Excluding Calculation of Managerial Remuneration, Disposal of Company Profits.

Unit – II

Valuation of Goodwill and Valuation of Shares: Concepts and Calculation: Simple Problems Only.

Accounts of Banking Companies: Difference between Balance Sheet of Banking and Non-Banking Companies; Prudential Norms; Asset Structure of a Commercial Bank; Non-Performing Assets (NPA). 

Unit – III

Amalgamation of Companies: Concepts and Accounting Treatment as per Accounting Standard: 14 (ICAI) (Excluding Intercompany Holdings).

Internal Reconstruction: Concepts and Accounting Treatment Excluding Scheme of Reconstruction.

Unit – IV

Insurance Companies: Books Maintained by Insurance Companies, Explanation of Special Terms Peculiar to Insurance Business, Accounts for Life Insurance Business, Types of Policies, Annuity Business, Surrender Value, Paid Up Policy, Life Assurance Fund – Valuation Balance Sheet, Preparation of Final Accounts of Life and General Insurance Business (as per the provisions of IRDA Act).