Our experience in teaching commerce subjects, especially Accountancy, is in the form of this book in your hands. This book “Corporate Accounting” is prepared for the New SEP syllabus requirements of Third Semester B.Com.
Being student friendly is the unique feature of this book. The subject matter has been presented systematically, which can enable the reader to master the topics covered, without any additional guidance. Most later provisions have been incorporated in this book.
Contents –
Module 1 ACCOUNTING FOR SHARE CAPITAL – ISSUE OF SHARES
Shares – Meaning, features and types of shares – Issue of Shares: Fresh Issue, Issue of Rights and Bonus Shares, ESOPs and Buy-Back of shares – Subscription of shares: Minimum subscription, Over subscription & Under Subscription – Pro-Rata allotment & Book Building procedure for issue of shares. Problems related to Journal entries on Issue of Shares at par & premium – Special cases, where shares can be issued at a discount.
Module 2 ACCOUNTING FOR SHARE CAPITAL – UNDERWRITING OF SHARES
Underwriting: Introduction, Meaning & Definition – Advantages of Underwriting – Types of Underwriting – Underwriting Commission- Guidelines under Company’s Act and SEBI – Types of applications – Calculation of Underwriters’ Liability: Firm & Pure Underwriting; Full & Partial Underwriting – Calculation of underwriting commission (excluding Journal entries).
Module 3 FINANCIAL STATEMENTS OF A COMPANY
Financial Statements: Statutory Provisions regarding preparation of Financial Statements of Companies as per Schedule III of Companies Act, 2013 and IND AS-1 – Treatment of Special Items: TDS, Advance Payment of Tax, Provision for Tax, Depreciation & Amortization, Interest on Debentures, Dividends – Rules regarding payment of Dividends – Transfer to Reserves – Preparation of Statement of Profit and Loss and Balance Sheet.
Module 4 REDEMPTION OF PREFERENCE SHARES
Redemption of Preference Shares: Meaning & Legal Provisions – Treatment regarding Premium on Redemption – Creation of Capital Redemption Reserve Account – Fresh Issue of Shares for the purpose of Redemption – Arranging for Cash Balance for the purpose of Redemption – Minimum Number of Shares to be issued for Redemption – Issue of Bonus Shares – Preparation of Balance sheet after Redemption as per Schedule III of Companies Act 2013.
Module 5 INTERNAL RECONSTRUCTION
Internal Reconstruction: Introduction, Meaning, Definition, Objectives – Capital Reduction: Meaning, Modes & Objectives – Provisions for Reduction of Share Capital under Companies Act, 2013 – Accounting for Capital Reduction – Reorganization through Sub Division and Consolidation of shares –Preparation of Capital Reduction Account and Balance Sheet after Reduction as per Schedule III of Companies Act 2013.