Corporate Accounting

The book Corporate Accounting has been published according to 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 Book :

• Accuracy is one of the important features of the book.
• Simple language and most Systematic order explaining each and every topic at length.
• Chapter of Consolidated Balance Sheet of Holding Companies has been thoroughly revised and new material has been incorporated.
• The only book on Corporate Accounting which is revised and updated on the basis of the following notifications issued by Ministry of Corporate Affairs, Government of India :

Notification dated 11th October, 2018 and Notification dated 24th March, 2021 effective from 01-04-2021—  For the words “Securities Premium Reserve” the words “Securities Premium” has been substituted.

Many important changes have been made in General Instructions for Preparation of Balance Sheet and Statement of Profit and Loss.

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 (as amended up-to-date).

Corporate Accounting Syllabus For B.Com. IInd Semester of Various Universities of Bihar

1. Accounting for Share Capital and Debentures: Introduction to issue of shares and debentures. Issue of rights and Bonus shares, ESOPs and buyback of shares, book building. Underwriting of shares
   and debentures. Redemption of Preference shares, Redemption of debentures: sinking/debenture redemption fund, open market purchase, and conversion of debentures. Relevant AS and IND-AS as applicable Accounting Standards including Indian AS (IFRS converged standards) and IFRSs; convergence Vs. adoption; Application of accounting standards (AS and Ind AS) on various entities in India. International Financial Accounting Standards (IFRS)—meaning, need, and scope; Process of issuing IFRS.
2. Financial Statements of a Company: Preparation of Financial Statements of Joint Stock companies as per schedule III Part I & II.
3. Accounting for Amalgamation of Companies and Holding Company: Accounting for Amalgamation of Companies including internal reconstruction Preparation of Consolidated Balance Sheet of Holding Company and one Subsidiary.

Corporate Accounting Contents :

1. Issue, Forfeiture, Reissue And Buy-Back Of Shares
2. Redemption Of Preference Shares
3. Issue And Redemption Of Debentures
4. Financial Statements Of Companies
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. Disposal Of Profits: Dividend And Bonus Shares
9. Underwriting Of Shares And Debentures
10. Accounting Standards: National And International (IFRS)