It gives us immense pleasure to present the First Edition of Financial Accounting – V, which has been carefully developed to align with the Third Year B.Com. (Accounting & Finance) curriculum under the University of Mumbai, as per the guidelines of the National Education Policy (NEP) 2020 and is applicable from the academic year 2026–27.
Accounting is an essential discipline that provides the foundation for sound financial decision-making and corporate reporting. With the growing complexity of business transactions, it is important for students to develop a thorough understanding of advanced accounting concepts and their practical applications.
This book has been prepared to provide a clear and systematic understanding of important topics such as underwriting of shares and debentures, amalgamation, absorption, external and internal reconstruction, and investment accounting in accordance with the relevant Accounting Standards and the provisions of the Companies Act, 2013.
The content is presented in a simple and student-friendly manner with appropriate illustrations, practical problems, and explanations to strengthen conceptual understanding and problem-solving skills. Special emphasis has been given to accounting treatments, journal entries, and disclosure requirements as prescribed under the applicable standards.
Contents –
Module 1
Underwriting of Shares
Module 2
AS –14 – Amalgamation, Absorption & External Reconstruction
Module 3
Internal Reconstruction
Module 4
Investment Accounting
Sample Question Paper