Corporate Accounting

The book Corporate Accounting has been published according to the new syllabus of B.Com examination. The main object of the book is to enable the students to develop awareness about Corporate Accounting in conformity with the latest provisions of the Companies Act, 2013.

Salient Features of the revised edition of the Corporate Accounting Book:

• Chapter of Consolidated Balance Sheet of Holding Companies has been thoroughly revised and new material has been incorporated.
• The unique salient feature of this revised edition is the revision of the chapter Liquidation of Companies on the basis of the Insolvency and Bankruptcy Code, 2016. since Voluntary winding up (From 1-4-2017) and winding up proceedings relating to a company’s inability to pay debts is now covered under the provisions of the Insolvency and Bankruptcy Code, 2016. Several new illustrations and questions based on the Insolvency and Bankruptcy Code, 2016 have been incorporated in the chapter.
• Chapter of CASH FLOW STATEMENT has been written strictly as per AS-3 and AS-4 (Revised) Contingencies and Events Occurring after the Balance Sheet Date. The revised AS-4 prescribes that ‘proposed dividend’ will be treated as ‘Contingent liability’ instead of short-term provisions.
• Chapter of FUNDS FLOW STATEMENT also thoroughly revised and enlarged.
• Simple language and most Systematic order explaining each and every topic at length.
• Provisions of the Companies Act, 2013 which have direct or indirect relation with various topics of the book have been incorporated. Entire book has been modified as per the Companies Act, 2013.
• Chapters on Valuation of Shares, Valuation of Goodwill, have been thoroughly revised and enlarged.
• The book adequately satisfies the standard of B.Com. examination since the Illustrations and Questions of this book have been selected from Examination Papers of various Universities.
• Selection of practical Illustrations and Questions in each chapter and placing them in a systematic order is so reasonable, logical, orderly and scientific that even an ordinary student can acquire real, complete, thorough and up-to-date knowledge of the subject Corporate Accounting without any exertion on his part.
• Accuracy is one of the important features of the book.

Corporate Accounting Syllabus For B.com. Part II of Mahatma Gandhi Kashi Vidyapeeth, Varanasi & Sido Kanhu Murmu University

Unit-I: Issue, Forfeiture and Re-issue of Shares : Redemption of Preference Shares; Issue and Redemption of Debentures, Underwriting of Shares and Debentures.

Unit-II: Profits prior to Incorporation, Final Accounts, Valuation of Goodwill and Shares.

Unit-III: Accounting for Amalgamation of Companies as per Indian Accounting Standard-14; Accounting for Internal Reconstruction, Liquidation of Companies.

Unit-IV: Consolidated Balance Sheet of Holding Companies with one subsidiary only. Analysis of Financial Statement —Various Techniques Statement of Changes in Financial Position on a cash basis and working Capital basis. Familiarity with Indian Accounting Standard-3.

Corporate Accounting Book contents

1. Issue, Forfeiture, Reissue, and Buy-Back of Shares
2. Issue and Redemption of Preference Shares
3. Issue and Redemption of Debentures
4. Final Accounts of Company
5. Accounting for Amalgamation of Companies (as Per AS-14)
6. Reconstruction of Companies
7. Consolidated Balance Sheet of Holding Companies (With A.S.-21)
8. Liquidation of Companies (Including Insolvency and Bankruptcy Code, 2016)
9. Valuation of Goodwill
10. Valuation of Shares
11. Computation of Managerial Remuneration
12. Disposal of Profits (Dividend and Bonus Shares)
13. Profit or Loss Prior or Post to Incorporation
14. Analysis and Interpretation of Financial Statements
15. Cash Flow Statement (As Per A.S.-3)
16. Funds Flow Statement
17. Underwriting of Shares and Debentures