Corporate Accounting

The book Corporate Accounting has been published according to the syllabus of the 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:

• Accuracy is one of the important features of the book.
• Chapter of Consolidated Balance Sheet of Holding Companies has been thoroughly revised and new material has been incorporated.
• The unique salient features of the revised edition are the revision of the chapter Liquidation of Companies on the basis 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 and chapter Cash Flow Statement has been thoroughly revised incorporating the main principles of Revised AS-4 in regard to Proposed Dividend.
• 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. The entire book has been modified as per the Companies Act, 2013.
• 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.

Corporate Accounting Syllabus For B.Com (Hons.) Semester-II of Kolhan University, Chaibasa

Unit 1. Accounting for Share Capital & Debentures
Issue, Forfeiture, and Re-issue of forfeited Shares-concept & process of book building. Issue of rights and bonus shares. Buyback 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 the 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 intercompany holdings). Internal reconstruction: concepts and accounting treatment excluding scheme of reconstruction.

Unit 5. Accounts of Holding Companies/Parents Companies
Preparation of consolidated balance sheet with one subsidiary company. Relevant provisions of Accounting Standard: 21 (ICAI)

Unit 6. Liquidation of Companies
Voluntary Liquidation only.

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 A.S. -14)
6. Reconstruction of Companies
7. Consolidated Balance Sheet of Holding Companies (with AS – 21)
8. Liquidation of Companies (including Insolvency and Bankruptcy Code, 2016)
9. Valuation of Goodwill
10. Valuation of Shares

• Objective Type Questions