Corporate Accounting

Teacher

Ajitav Acharya

Category

Core Courses

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Course Name : Corporate Accounting

Code(Credit) : CUTM1679(4+2+0)

Course Objectives

 To understand how to communicate financial information to parties outside the business organization like equity investors, creditors, employees, suppliers and clients

Learning Outcomes

  • To understand the basic concepts corporate accounting,
  • To understand the basic concepts equity share, preference share and debenture,
  • To understand the basic concepts and able to interpret goodwill valuation,
  • To understand the basic concepts and able to interpret amalgamation,
  • To understand the basic concepts and able to interpret reconstruction,
  • To be able to interpret final accounts of companies,
  • To be able to solve simple cases.

Course Syllabus

Unit 1:  Accounting for Share Capital & Debentures: Issue, forfeiture and reissue of forfeited shares: concept & process of book building; Issue of rights and bonus shares; Buy back of shares; Redemption of preference shares; Issue and Redemption of Debentures
Unit 2:  Final Accounts: Preparation of profit and loss account and balance sheet of corporate entities, excluding calculation of managerial remuneration, Disposal of company profits
Unit 3:  Valuation of Goodwill and Valuation of Shares: Concepts and calculation: simple problem only
Unit 4:  Amalgamation of Companies: Concepts and accounting treatment as per Accounting Standard: 14 (ICAI) (excluding inter-company holdings). Internal reconstruction: concepts and accounting treatment excluding scheme of reconstruction
Unit 5:  Accounts of Holding Companies/Parent Companies   Preparation of consolidated balance sheet with one subsidiary company. Relevant provisions of Accounting Standard: 21 (ICAI).
Unit 6:  Banking Companies: Difference between balance sheet of banking and non-banking company; prudential norms.  Asset structure of a commercial bank. Non-performing assets (NPA).
Unit 7:  Cash Flow Statement: Concepts of funds. Preparation of cash flow statement as per Indian Accounting Standard (Ind- AS): 7.

 

 

Books Recommended:

 

  1. S.N. Maheswari , Financial Accounting
  2. B S Raman, Financial Accounting
  3. Grewal and Gupta, Advanced Accounting
  4. Radhaswamy and R.L. Gupta, Advanced Accounting

Session Plan

Session 1

Accounting for Share Capital & Debentures: Issue, forfeiture and reissue of forfeited shares: concept & process of book building

Corporate accounting 2

Corporate Accounting 1

Corporate Accounting

https://www.youtube.com/watch?v=GtUKPCMA0xY

Session 2

ssue of rights and bonus shares; Buy back of shares; Redemption of preference shares; Issue and Redemption of Debentures

Corporate Accounting

Corporate Accounting 1

Corporate accounting 2

https://www.youtube.com/watch?v=cAOp5SZR2SA

Session 3

Preparation of profit and loss account and balance sheet of corporate entities

Corporate Accounting

Corporate accounting 2

https://www.youtube.com/watch?v=doc8K4NLifs

Session 4

Session 5

Concept of Valuation of Shares

Valuation of Shares

Session 6

Concepts and accounting treatment Amalgamation of Companies as per Accounting Standard: 14 (ICAI)

Amalgamation of Companies

Amalgamation-of-Companies

https://www.youtube.com/watch?v=uECJAasfPPU

Session 7

Internal reconstruction: concepts and accounting treatment excluding scheme of reconstruction

Amalgamation of Companies

Amalgamation-of-Companies

https://www.youtube.com/watch?v=uECJAasfPPU

Session 8

Preparation of consolidated balance sheet with one subsidiary company in relation to Holding Companies/Parent Companies

Holding Companies_Parent Companies

https://www.youtube.com/watch?v=8POAFKkZ0W8

Case Studies

Case Studies

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    Ajitav Acharya is working as a faculty at at at Centurion University of Technology and Management, Bhubaneswar. He is having more than 10 years of experience in academics and industry. He is currently pursuing his Ph.D. at Utkal University. He has completed his MBA (Finance and Marketing) from Siksha ‘O’ Anusandhan University, MCom and Bcom […]