Course

Unit 1

Company Accounts- Share Capital- Shares and types of shares- Equity and Preference shares- types of Preference shares – Issue of Shares – Issue at par, premium and discount – Over subscription and under subscription – Pro-rata allotment- Calls in arrears and calls in advance – Forfeiture and reissue of shares – Surrender of shares- Distinction between forfeiture and surrender – Redemption of preference shares – Redemption out of capital and out of profits- Capital Redemption Reserve – Bonus Issue.

Unit 2

Debentures: Definition – Types of debentures- Issue of Debentures – For cash, for consideration other than cash and issued as collateral security – Distinction between share and debenture – Terms of issue of debentures – Interest on debentures- Journal entries – Practical problems.

Unit 3

Final Accounts of joint stock companies – Preparation of Profit and Loss Account and

Balance Sheet as per the format prescribed by the Companies (Amendment) Act 2013 – GST Accounting – Journal Entries and adjustment of Input Tax Credit (Practical Problems) – segmentation accounting – meaning – definition – objectives.

Unit 4

External reconstruction – Amalgamation as per AS14- meaning – Absorption – Purchase consideration – Entries in the books of purchasing and vendor companies – inter-company owings – Internal reconstruction – Reduction of capital- Capital Reduction Account – Difference between internal and external reconstruction.

Unit 5

Accounts of Banking Companies – Rebate on Bills Discounted – Preparation of Profit and Loss Account and Balance Sheet of Banking Company.

Course Objective:

To help the students to develop a solid foundation in advanced accounting principles and practices applicable to corporate entities, enabling them to effectively analyze, interpret, and prepare financial statements, implement GST accounting procedures, navigate complex corporate restructuring scenarios, and apply specialized accounting principles relevant to banking institutions. Course Outcomes:

The students will be able to

CO1: To apply the principles of issuing shares at par, premium, and discount, and understand concepts like over-subscription and under-subscription.

CO2: To understand the different methods of issuing debentures and distinguish between shares and debentures.

CO3: To apply the format prescribed by the Companies Act for preparing Profit and Loss Account

and Balance Sheet of joint stock companies.

CO4: Understand the concepts of amalgamation, absorption, purchase consideration, and inter- company owing in the context of external reconstruction and apply these concepts in its execution

CO5: To apply the concepts as per the Banking Regulation Act for preparing Profit and Loss Account and Balance Sheet for banking companies.

Textbooks:

1. P. Jain – K. L. Narang – Advanced Accounting Vol. 2 – Kalyani Publishers.
2. N. Maheshwari – S. K. Maheshwari – Advanced Accountancy Vol. 2 – Vikas Publishers.

References:

1. L. Gupta – M. Radhaswamy – Advanced Accountancy Vol. 2 – Sultan Chand and Sons
2. Shukla, T.S. Grewal – Advanced Accounts Vol. 2 – S. Chand and Co.
3. R S N Pillai – Bagavathi – Fundamentals of Advanced Accounts 2 – S. Chand Publishers.