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    Advanced Accounting Sem III

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    Advanced Accounting Sem III

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    Advanced Accounting Sem III

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    of 4

    CBCS – 2020 Sem III- Advanced Accounting

    SEMESTER-III
    ADVANCED ACCOUNTING

    Programme: B.Com (Honours)


    Course Code: U20/COM/DSC/301 Max. Hours: 90
    Course Type : DSC Max Marks:100(60:40)
    No. of Credits: 5 Hours per week: 6

    Course Objectives:

    1. To introduce Company accounts with regard to issue of shares, issue and redemption of
    Debentures.
    2. To Develop an understanding on preparation and consolidation of financial statements.
    3. To introduce Accounting Standards and discuss a few standards relevant to the syllabus.
    4. To enable the students the procedure of accounting for the personal investments in shares,
    debentures, etc.,

    Course Outcomes:

    CO1: The student will be able to know the different types of shares and the procedure of

    issue and forfeiture. They will be able to present the above information in Balance

    Sheet of the company.

    CO2: The student will be able to distinguish between the share capital and debenture capital.

    They will be able to know the different types of debentures and the procedure of issue

    and redemption including maintenance of Debenture Redemption Fund.

    CO3: The student will be able to prepare financial statements of joint stock companies.

    CO4: The student will be able to consolidate the financial statements and apply the

    accounting procedure related to it.

    CO5: The student will be able to know the importance of accounting standards and learn a

    few standards that are related to the syllabus and develop the ability to account for the

    personal investments.

    Department of Commerce, St.Francis College for Women,Hyderabad-16


    CBCS – 2020 Sem III- Advanced Accounting

    MODULE I: COMPANY ACCOUNTS- SHARE CAPITAL 18 Hours

    Classification of Share Capital - Types of shares - Issue of Shares- Application, allotment, calls
    on shares etc.- Issue of shares for (a) Cash (b) Consideration other than cash - Issue of shares at
    par and at premium -Forfeiture and Reissue - Over-subscription – Pro-rata allotment –
    Presentation of information in Balance Sheet of a company
    ( Theory and Problems)

    MODULE II: COMPANY ACCOUNTS – DEBENTURES 18 Hours

    Types of debentures - Difference between shares and debentures - Issue of debentures (a) For
    cash, (b) For consideration other than cash, (c) As collateral security - Redemption of debentures
    - Sinking fund method of Redemption of Debentures( Theory and Problems) (Excluding
    problems on buy back and purchase of own debentures)

    MODULE III: COMPANY FINAL ACCOUNTS 18 Hours

    Preparation & presentation of Final accounts of joint stock companies as per provisions of
    companies Act 2013(Schedule III) Provisions & Reserves- Appropriation out of profits;
    Transfer to profits to reserves; payment of dividend- Corporate Dividend tax- Transfer of unpaid
    dividend to Investor Education and Protection Fund(Theory), Profit and Loss account -Profit and
    Loss Appropriation Account -Balance Sheet- ( Theory and Problems)

    MODULE IV: ACCOUNTS OF HOLDING COMPANIES 18 Hours

    Concept of holding company – Cost of control - Minority interest – Goodwill – Capital and
    revenue profits – Intercompany transactions – Contingent liabilities – Preparation of
    consolidated Balance Sheet (Theory and Problems) (Excluding Inter Company Owings &
    Intercompany Holdings. Simple problems only)

    MODULE V: INVESTMENT ACCOUNTING 18 Hours

    Meaning – Need for separate Investment Accounts – Classification of Scrips – Ex – Interest,


    Cum – Interest – Problems on Investment in Debentures and Shares- Treatment of Bonus Shares
    and Rights Shares ( Theory and Problems)

    Department of Commerce, St.Francis College for Women,Hyderabad-16


    CBCS – 2020 Sem III- Advanced Accounting

    Lab work: Creation of a company, preparation of trading, P&L account, adjusting and closing
    entries and preparation of Balance sheet using tally version ERP 9.0

    Suggested Readings:

    1. S.P.Jain&K.L.Narang - Advanced Accounting , Corporate Accoutning – Kalyani Publishers


    2. M.C.Shukla- T.S.Grewal&S.C.Gupta - Advanced Accounts – Vol I & II - S.Chand
    3. R.L.Gupta&M.Radhaswamy - Advanced Accountancy – Vol I & II - Sultan Chand & Sons
    4. P.C.Tulsian – Financial Accounting – Pearson Education India
    5. S.N.Maheswari - Advanced Accountancy Vol I& II – Vikas Publishing House Pvt. Ltd.
    6. M. Hanif and A. Mukherjee – Financial Accounting – Mc. Graw Hill (India) private limited.

    Department of Commerce, St.Francis College for Women,Hyderabad-16


    CBCS – 2020 Sem III- Advanced Accounting

    ADVANCED ACCOUNTING
    MODEL QUESTION PAPER

    Course Code: U20/COM/DSC/301 Max Marks 60


    Credits: 5 Time : 2 Hrs

    PART A

    I) Answer any FIVE from the following EIGHT questions 5 x 2 = 10 Marks

    PART B

    II) Answer All questions 5 x 10 = 50 Marks

    2 questions from each module with internal choice

    Department of Commerce, St.Francis College for Women,Hyderabad-16

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