B Com (Hons) II Year
Corporate Accounting
UNIT- I
Company Accounts – Legal Requirements – Share Capital transactions. Issue of equity and preference shares- forfeiture and re-issue of shares – Issue of Debenture – Redemption of Debentures(Sinking Fund) – Final Accounts as requirement under Indian Companies Act 1956 – Trading Account, profit & Loss A/c. Appropriation Account. Balance sheet in vertical & horizontal forms.
UNIT- II: Accounting Standards – Need and importance – An overview of Indian Accounting Standards.
Valuation of Goodwill - Need and methods – Normal Profit Method, Super Profits Method – Capitalisation Method
Valuation of shares - Need for Valuation - Methods of Valuation – Net assets method, Yield basis method, Fair value method.
Unit-III : Amalgamation – In the nature of merger and purchase (as per Accounting Standard 14) Internal Reconstruction - Calculation of purchase consideration, Accounting Treatment (excluding inter- company holdings).
Unit-IV Accounts of Insurance Companies:
Life Insurance companies: Preparation of final accounts- Accounting treatment( New format)
General Insurance companies: -Fire and Marine Insurance
Insurance claims: Accounting treatment-calculation of loss of stock, Average clause
Unit –V;(a)Bank Accounts: Legal provisions and preparation of final accounts.(b)Liquidation of Companies: Meaning- preparation of statement of affairs- liquidator’s statement of accounts
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