Corporate Accounting [for Aligarh Muslim University, Aligarh]

The book Corporate Accounting has been published according to syllabus of B.Com. (Hons.) Semester II 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.
• 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).
• In the chapter of ‘Accounting Standards’ latest amendments have been included.
• In the chapter ‘Final Accounts of Companies’ amendments to Schedule III to the Companies Act, 2013 vide Notification dated 24th March, 2022 have been incorporated in the book. Schedule III to the Companies Act, 2013 deals with the General Instructions for preparation of Balance Sheet and Statement of Profit and Loss of a company.
• 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 uptodate knowledge of the subject Corporate Accounting without any exertion on his part.

Corporate Accounting Syllabus For B.Com. (Hons.) IInd Semester of Aligarh Muslim University, Aligarh

Objective : The course is to provide knowledge of Corporate Accounting methods and their applications in different business transaction.
COURSE INPUTS

• Unit-I : VALUATION OF SHARES : Need for valuation of shares, Factors effecting valuation of Shares, Method of Valuation–Net Assets Basis, Earning Capacity Method, Fair Value Method etc.
  ACCOUNTING STANDARDS : Valuation of Inventories [AS-2], Depreciation Accounting [AS-6], Revenue Recognition [AS-9], Accounting for Fixed Assets [AS-10], Accounting for Governments Grants [AS-12], Earning Per Share [AS-20].
• Unit-II : AMALGAMATIONS, ABSORPTION and EXTERNAL RECONSTRUCTION OF COMPANIES : Meaning and Types of Amalgamation, Purchase Consideration, Methods of Accounting for Amalgamations, Journal Entries to close the books
  of the vendor companies, Journal Entries in the books of the purchasing companies.
  INTERNAL RECONSTRUCTION : Meaning and Methods of Internal Reconstruction, Entries in case of Internal Reconstruction.
• Unit-III : (a) PROFIT PRIOR TO INCORPORATION : Introduction, Methods of Computing Profit or Loss to Incorporation, Basis of Apportionment, Pre-incorporation Profits or Losses, Debtors and Creditors Suspense Accounts.
  (b) FINAL ACCOUNTS OF COMPANIES : Legal Position regarding Final Accounts of Companies, Preparation of Balance Sheet and Statement of Profit and Loss Account in accordance of Schedule III of the Companies Act, 2013.

Contents

1. Valuation of Shares
2. Accounting Standards
3. Accounting For Amalgamation of Companies (As Per As-14)
4. Absorption
5. Reconstruction of Companies
6. Profit or Loss Pre and Post Incorporation
7. Final Accounts of Companies