Corporate Accounting
Teacher
DR. PRAKASH CHANDRA SWAIN
Category
Core Courses
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Course Name : Corporate Accounting
Code(Credit) : CUTM1945(4+0+2)
Course Objectives
To understand how to communicate financial information to parties outside the business organization like equity investors, creditors, employees, suppliers and clients.
To help learners to acquire conceptual knowledge of corporate accounting system and to learn the techniques of preparing the financial statements of companies.
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COURSE OUTCOMES MAPPING COS WITH POS (High-3; Medium-2; Low-1) CO1 Develop an awareness and understanding of the accounting process and fundamental accounting principles that underpin the development of financial statements (e.g. accrual accounting vs. cash accounting, definition, recognition, measurement and disclosure of assets, liabilities, revenues, expenses; inventory valuation methods and methods of depreciation). PO1(3), PO2(2) CO2 Understand and interpret the nature and role of the principal financial statements (i.e., the Income Statement, the Statement of Financial Position, and the Statement of Cash Flows). PO1(2), PO2(2), PO3(3) CO3 Read, interpret and analyze financial statements; combine financial analysis with other information to assess the financial performance and position of a company; PO1(3), PO2(3)
Course Syllabus
| Module: I |
Accounting for Share Capital & Debentures:Types of shares; Issue and Pro-rata allotment of shares; concept & process of book building; forfeiture and reissue of forfeited shares; Issue of rights and bonus shares; ESOPs and Buy Back of shares; Issue and Redemption of preference shares and Debentures. |
| Module: II |
Preparation of Financial Statements of Companies including one Person Company:Preparation of financial statements of corporate entities including one Person Company (excluding calculation of managerial remuneration) as per Division I and II of Schedule III of the Companies Act 2013;PreparationofStatement of Profit and Loss, Balance Sheet and Cash flow Statement of corporate entities. Valuation of Shares and Goodwill:Valuation of Goodwill and Valuation of Shares: Concepts and calculation: simple problem only |
| Module: III |
Internal Reconstruction and Profit or Loss Prior to IncorporationInternal Reconstruction: Different forms of Internal Reconstruction; Accounting treatment for alteration of share capital and reduction of the share capital; Preparation of balance sheet after Internal Reconstruction. Profit or loss Prior to Incorporation: Meaning of profit or loss prior to incorporation; accounting` treatment of profit or loss prior to incorporation. |
Module: IV |
Amalgamation of Companies:Concepts Amalgamation and Business Combination of companies; Consideration/ purchase price for amalgamation/ business combination; accounting entries for amalgamation/ business combination; preparation of amalgamated balance sheet (excluding inter-company holdings) applyingAS14/Ind AS 103. Liquidation of CompanyConcepts and theoretical aspects of Liquidation of Company. Simple problem only. |
| Module: V |
Corporate Financial Reporting:Meaning, need and objectives; Constituents of Annual Report and how it is different from financial statements; Contents of annual report; mandatory and voluntary disclosures through annual report. Contents of the Report of the Board of Directors; E-filing of annual reports of companies and XBRL Filing with specific practical exercises; (In reference to Relevant Accounting Standards/Ind AS as applicable.). |
Books Recommended:
- S.N. Maheswari , Corporate Accounting
- B S Raman, Corporate Accounting
- Grewal and Gupta, Advanced Corporate Accounting
- Radhaswamy and R.L. Gupta, Advanced Corporate Accounting
Projet:
- Project on Preparation of Financial Statement of a Small Business.
- Project on Financial Statements of a company - From Annual Report like TCS, TVS Motor, Tata Steel, RIL, etc.
- Project on study of Financial Statement Analysis through excel of different Companies like TCS, TVS Motor, Tata Steel, RIL, etc.
- A project on comparative study of share market (mutual fund) India
To study some mutual fund scheme in India
To study some mutual fund companies in India
Explore the recent development in India
To study the regulation of mutual fund in India
Session Plan
Session 1
Discussion of Course Outlines and Lesson Plan with Introduction to company with details.
Session 2
Introduction to shares, debentures, types of shares, debenture and Types of Debentures.
Quiz
Session 3
Issue of shares, forfeiture of share, Reissue of shares.
Practice-1 Simple Journal Entries
Practice-2 Simple journal entries-1
Session 4
Process of book building; Issue of rights and bonus shares.
Session 5
Introduction to Buy back of shares, Redemption of preference shares.
Session 6
Introduction to shares Capital, Redemption of debenture.
Session 7
Introduction to cash flow statement.
Session 8
Session 9
Methods for Valuation of Goodwill.
Practice questions on VALUATION OF GOODWILL UNDER DIFFERENT METHODS
Quiz
Session 10
Session 11
Preparation of profit and loss account, Preparation of Balance sheet of corporate entities (Types of Assets and Liabilities)
Materials ASSETS AND LIABILITIES
Session 12
Session 13
Internal reconstruction: concepts and accounting treatment excluding scheme of reconstruction
Session 14
Difference between Internal reconstruction and external reconstruction:
Session 15
Basic of Internal reconstruction and external reconstruction:
Session 16
Preparation of balance sheet after Internal Reconstruction.
Session 17
Theoretical aspect of Absorption.
Session 18 & 19
Preparation of consolidated balance sheet with one subsidiary company in relation to Holding Companies/Parent Companies
Session 20
Concepts Amalgamation and Business Combination of companies.
Session 21
Consideration/ purchase price for amalgamation/ business combination.
Video- https://youtu.be/QQNg85OZXcQ
Session 22
Concepts and theoretical aspects of Liquidation of Company.
Session 23
Introduction to Liquidation of Company.
Session 24
Some practical practices from liquidation of company.
Practices- Liquidation of Company
Session 25
Meaning, need and objectives; Constituents of Annual Report.
Session 26
Meaning, need and objectives of Director's Report.
Material- Director's Report
Session 27
Session 28
Session 29
E-filing of annual reports of companies and XBRL Filing with specific practical exercises;
Material-XBRL FILING
Session 30
Our Main Teachers
Dr. Prakash Chandra Swain M.COM, M.PHIL, PhD (Ravenshaw University) Assistant Professor (Accounting & Finance) , B.COM Coordinator, School of Management, Centurion University of Technology and Management, Jatni, Khurda, Odisha, India, PIN-752050, Bhubaneswar Campus