Corporate Accounting (B.Com)

Issue and redemption of shares and debentures, final accounts of companies, amalgamation and valuation of goodwill and shares.

6 MonthsDuration 5Chapters24Topics

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Syllabus · पाठ्यक्रम

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01Unit 1: Issue of Shares 6 topics

Types of shares and share capital
Issue at par and at premium; securities premium (Section 52)
Calls in arrears and in advance
Forfeiture and reissue of shares
Bonus and rights issue, sweat equity
Buy-back of shares

02Unit 2: Redemption of Preference Shares and Debentures 5 topics

Section 55 and conditions for redemption
Capital Redemption Reserve
Fresh issue for redemption
Issue of debentures
Redemption of debentures

03Unit 3: Final Accounts of Companies 4 topics

Schedule III format of balance sheet and statement of profit and loss
Notes to accounts
Provision for tax and dividend
Managerial remuneration

04Unit 4: Amalgamation and Internal Reconstruction 4 topics

AS 14: amalgamation in the nature of merger and purchase
Methods of calculating purchase consideration
Entries in the books of transferor and transferee
Internal reconstruction: alteration and reduction of share capital

05Unit 5: Valuation of Goodwill and Shares 5 topics

Need and factors of goodwill valuation
Average profit method
Super profit and capitalisation methods
Net asset method of share valuation
Yield method and fair value

About

You will be able to

Pass journal entries for issue, forfeiture and reissue of shares, bonus and rights issues
Account for redemption of preference shares and debentures with Capital Redemption Reserve
Prepare the final accounts of a company as per Schedule III of the Companies Act 2013
Calculate purchase consideration and record amalgamation and internal reconstruction
Value goodwill and shares by standard methods

Who it is for

B.Com students (General and Accounting & Taxation streams) of Semester 3 under the UP State Universities NEP 2020 syllabus
Students who need step-by-step practice of long numerical questions in company accounts

What you need

Financial Accounting of Semester 1 (journal, ledger and final accounts)

Questions

Are the questions long?

Yes, many questions are long numericals. We teach a fixed format for each type so that answers are fast and correct.

Which accounting standards are used?

University papers follow the Companies Act 2013, Schedule III and AS 14; we follow the same, as per your university syllabus.

Which syllabus does the course follow?

It follows the UP State Universities NEP 2020 common minimum syllabus for B.Com. Where your own university's syllabus differs, the centre teaches as per your university syllabus and papers.