Corporate Accounting
₹280.00
TYBFM — SEMESTER – V
Author: H. V. Kishnadwala
H. A. Wandrekar
SECOND EDITION
Description
SYLLABUS
| No. | Modules / Units |
| 1 | Redemption of Preference shares and redemption of debentures: |
| Redemption of Preference Shares:
· Company Law / Legal Provisions for redemption · Sources of redemption including divisible profits and proceeds of fresh issue of shares Premium on redemption from security premium and profits of company · Capital Redemption Reserve Account – creation and use Redemption of Debentures (Including purchase or buy back of own debentures): · By payment from sources including out of capital and/ or out of profits · Debenture redemption reserve and debenture redemption sinking fund excluding insurance policy · By conversion into new class of shares or debentures with options including at par, premium and discount · Purchase / buy back of own debentures for immediate cancellation or holding including ex and cum interest for purchase / sale price (excluding brokerage thereon) |
|
| 2 | Ascertainment and treatment of profit prior to incorporation: |
| Principles for ascertainment
Preparation of separate, combined and columnar profit and loss a/c including different basis of allocation of expenses / incomes |
|
| 3 | Amalgamation of Companies (w.r.t. AS 14) (Excluding Intercompany Holdings): |
| In the nature of merger and purchase with corresponding accounting treatments of pooling of interests and purchase methods respectively
Computation and meaning of purchase consideration Problems based on purchase method of accounting only |
|
| 4 | Capital Reduction and Internal Reconstruction: |
| Need for reconstruction and Company Law provisions
Distinction between internal and external reconstructions Methods including alteration of share capital, variation of shareholder rights, sub division, consolidation, surrender and reissue/cancellation, reduction of share capital, with relevant legal provisions and accounting treatments for same |
