Corporate Accounting (COM3CJ202) — Syllabus & Course Structure

• Pre-requisites: A basic understanding about various aspects of the preparation and presentation of financial statements of joint stock companies.

Course Summary This course explores the accounting entries relating to the issue of shares and debentures of Companies. It also provides the process of issuing bonus shares, right issue, buyback and redemption of shares. A brief outline of accounting for Banking and Life insurance companies are also covered.

• Course Outcomes (CO): CO CO Statement Cognitive Level* Knowledge Category# Evaluation Tools used CO1 Provide an in-depth knowledge in theories, principles, practices and regulatory framework of corporate accounting U C Examinations / Quiz/assignment CO2 Applying the learned knowledge about accounting of shares, debentures, preparation of final accounts of companies and its consolidation Ap P Examinations / Assignments/ Project / case study 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 Ap P Project work Case analysis CO4 Efficiently illustrate accounting data to communicate effectively with all stakeholders E P Project work Assignment CO5 Demonstrate analytical and critical thinking required for the preparation of final accounts of companies for corporate decision-making An P Mini Project / Seminar Presentation/examination CO6 Quantitatively analyse and present the business data, plans and programmes An P Assignment Project
• - Remember (R), Understand (U), Apply (Ap), Analyse (An), Evaluate (E), Create (C) # - Factual Knowledge(F) Conceptual Knowledge (C) Procedural Knowledge (P) Metacognitive Knowledge (M) Detailed Syllabus:

Module Unit Content Hrs I Accounting of Shares and Debentures 11 1 Shares – Introduction - Issue of Shares - Equity Shares - Preference Shares – Issue at Par, Premium and Discount 4 2 Calls in Arrears- Calls in Advance– Forfeiture (theory only) 2 3 Debentures – Introduction -Types- Issue of Debentures 5 II Accounting of bonus and rights issue- Buyback of shares- Redemption of preference shares 11 4 Redemption of Preference Shares–Provisions of Companies Act 4 5 Capital Redemption Reserve – Minimum Fresh Issue 4 6 Bonus issue – Rights issue 3 III Consolidated Financial Statements (Ind AS 110) 11 7 Group Companies and Group Structures– need for consolidation – Calculation of pre-acquisition Calculation of profit- post-acquisition profit-) 3 8 Calculation of Non-Controlling Interest – Calculation of Cost of Control (Goodwill) or Capital Reserve 4 9 Preparation of Consolidated Balance Sheet (simple problems only) 4 IV Accounting of Banking and Life Insurance Companies 12 10 Meaning of banking- Slip system of ledger posting- Important terms usedRevenue recognition in banks- Rebate on bills discounted with problems- Interest on doubtful debts with problems- Non-Performing Assets- ClassificationProvisions for NPA (simple problems) 7 11 Meaning of life insurance- Features- Types of life insurance- Important terms used- Calculation of Life fund with problems- Valuation balance sheet. 5 V Open Ended Module for Practical Exercises, Practical Applications, Case Study and Course Project 30 Recommended to conduct the following:

1. Seminar /: Group discussions / Assignments on practical problems related to the first four modules of the course

2. Using excel to perform hands-on exercises and analyse financial data

1. Conduct at least two: Case Studies relating to the Course

4. Assign group projects where students work together to analyse a company’s financial statements, evaluate its financial performance and make recommendations.

1. Course: Project Example:

1. Prepare a report about the non-performing assets of banks Module Unit Content Hrs

2. Examine the real consolidated balance sheets of various companies and prepare a report about it.

Implement regular quizzes, assignments, and exams to assess students understanding of corporate accounting concepts.

The practical exercises may cover a range of corporate accounting topics, allowing students to apply their knowledge to real-world situations.

References

1. S.P. Jain and N.L. Narang, Advanced Accounting Vol I, Kalyani Publication, New Delhi.

2. R.L. Gupta and M. Radhaswamy, Advanced Accounts Vol I, Sultan Chand, New Delhi.

3. Broman, Corporate Accounting, Taxmann, New Delhi.

4. Shukla, Grewal and Gupta- Advanced Accounts VolI,S.Chand, New Delhi.

5. M.C.Shukla, Advanced accounting Vol I, S.Chand, New Delhi.