UNIVERSITY OF MADRAS

B.COM. (GENERAL) DEGREE PROGRAMME

SYLLABUS WITH EFFECT FROM 2023-2024

SECOND YEAR – SEMESTER - III

CORE – V: CORPORATE ACCOUNTING I
(Common to BCom-AF, BM, CA, MM, ISM, Co-op. & CS)
Subject Inst. Marks
L T P S Credits
Code Hours CIA External Total
246C3A 5 5 5 25 75 100
Learning Objectives
LO1 To understand about the pro-rata allotment and Underwriting of Shares
To know the provisions of companies Act regarding Issue and Redemption of
LO2
Preference shares and debentures
To learn the form and contents of financial statements as per Schedule III of Companies
LO3
Act 2013
LO4 To examine the various methods of valuation of Goodwill and shares
LO5 To identify the Significance of International financial reporting standard (IFRS)
Prerequisite: Should have studied Financial Accounting in I Year
Unit Contents No. of Hours
Issue of Shares
Issue of Shares – Premium - Discount - Forfeiture - Reissue – Pro-rata 15
I
Allotment Issue of Rights and Bonus Shares - Underwriting of Shares
and Debentures – Underwriting Commission - Types of Underwriting.
Issue & Redemption of Preference Shares & Debentures
Redemption of Preference Shares–Provisions of Companies Act– Capital
Redemption Reserve – Minimum Fresh Issue – Redemption at Par,
II Premium and Discount. 15
Debentures: Issue and Redemption – Meaning – Methods – In-One lot–in
Instalment – Purchase in the Open Market includes Ex Interest and Cum
Interest - Sinking Fund Investment Method.
Final Accounts
Introduction – Final Accounts – Form and Contents of Financial
III Statements as Per Schedule III of Companies Act 2013 – Part I Form of 15
Balance Sheet – Part II Form of Statement of Profit and Loss –
Ascertaining Profit for Managerial Remuneration
Valuation of Goodwill & Shares
Valuation of Goodwill – Meaning – Need for Valuation of Goodwill –
Methods of Valuing Goodwill – Average Profit – Super Profit – Annuity
IV and Capitalisation Method. 15
Valuation of Shares – Need for Valuation of Shares – Methods of
Valuation of Shares – Net Assets Method – Yield and Fair Value
Methods.
 UNIVERSITY OF MADRAS
B.COM. (GENERAL) DEGREE PROGRAMME
SYLLABUS WITH EFFECT FROM 2023-2024

Indian Accounting Standards

International Financial Reporting Standard (IFRS)–Meaning and its
Applicability in India - Indian Accounting Standards – Meaning –
Objectives – Significance – Procedures for Formulation of Standards –
Ind AS – 1 Presentation of Financial Statement, Ind AS – 2 Valuation of
V 15
Inventories, Ind AS – 7 Cash Flow Statement, Ind AS – 8 Accounting
Policies, Changes in Accounting Estimate and Errors, Ind AS – 16 –
Property, Plant & Equipment, Ind AS 38 – Intangible Assets Ind AS –
103, Business Combinations Ind AS 110, Consolidated Financial
Statement. (Theory Only)
TOTAL 75
THEORY 20% & PROBLEMS 80%
Course Outcomes
Prepare and account for various entries to be passed in case of issue, forfeiture and
CO1
reissue of shares and compute the liability of underwrites
Asses the accounting treatment of issue and redemption of preference shares and
CO2
debentures
CO3 Construct Financial Statements applying relevant accounting treatments
Compute the value of goodwill and shares under different methods and assess its
CO4
applicability
CO5 Integrate theoretical knowledge on all accounting in par with IFRS and IND AS
Textbooks
1 S.P. Jain and N.L. Narang, Advanced Accounting Vol I, Kalyani Publication, New Delhi.
2 R.L. Gupta and M. Radha swamy, Advanced Accounts Vol I, Sultan Chand, New Delhi.
3 Broman, Corporate Accounting, Taxmann, New Delhi.
4 Shukla, Grewal and Gupta- Advanced Accounts VolI,S.Chand, New Delhi.
5 M.C.Shukla, Advanced accounting Vol I, S.Chand, New Delhi.
Reference Books
1 T.S. Reddy, A. Murthy – Corporate Accounting- Margham Publication, Chennai.
D.S.Rawat & Nozer Shroff, Students Guide To Accounting Standards ,Taxmann, New
2
Delhi
Prof. Mukeshbramhbutt, Devi, Corporate Accounting I, Ahilya Publication, Madhya
3
Pradesh
4 Anil Kumar, Rajesh kumar, Corporate accounting I, Himalaya Publishing house, Mumbai.
5 Prasanth Athma, Corporate Accounting I, Himalaya Publishing house, Mumbai.
NOTE: Latest Edition of Textbooks May be Used
 UNIVERSITY OF MADRAS
B.COM. (GENERAL) DEGREE PROGRAMME
SYLLABUS WITH EFFECT FROM 2023-2024

Web Resources
1 https://www.tickertape.in/blog/issue-of-shares/
https://www.taxmann.com/bookstore/bookshop/bookfiles/chapter12valuationofgoodwillan
2
dshares.pdf
https://www.mca.gov.in/content/mca/global/en/acts-rules/ebooks/accounting-
3
standards.html

MAPPING WITH PROGRAMME OUTCOMES

AND PROGRAMME SPECIFIC OUTCOMES
PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PSO1 PSO2 PSO3

CO1 3 2 3 2 2 2 2 2 3 2 2
3 2
CO2 3 2 3 2 2 2 2 2 2

CO3 3 2 3 2 3 2 2 2 3 2 2

CO4 3 1 3 2 3 2 2 2 3 2 2

CO5 3 3 3 2 3 2 2 2 3 2 2

TOTAL 15 11 15 10 13 10 10 10 15 10 10

AVERAGE 3 2.2 3 2 2.6 2 2 2 3 2 2

3 – Strong, 2- Medium, 1- Low