Description
Financial Accounting – III
Major : Mandatory
SYBAF Semester III
Syllabus (As Per NEP 2020) w.e.f. the Academic Year 2025-26
1. Amalgamation of Firms 15 Hours
♦ Introduction : Meaning, Concept and Case Studies
♦ Types of Amalgamation – Merger and Purchase
♦ Accounting for Amalgamation – Pooling of Interest Method and Purchase Method
♦ Computation of Purchase Consideration
♦ Journal / Ledger Accounts of Old Firms
♦ Preparing Balance Sheet of New Firm
♦ Treatment of Goodwill Arising on Amalgamation
2. Conversion / Sale of a Partnership Firm Into a Ltd. Company 15 Hours
♦ Provisions Related to Conversion / Sale by Use of Realisation Method Only
♦ Calculation of New Purchase Consideration
♦ Preparation of Journal / Ledger Accounts of Old Firms
♦ Preparing Balance Sheet of New Company
3. Accounting for Limited Liability Partnership 15 Hours
♦ Meaning of Term Limited Liability Partnership, Its Need, Scope and Advantages
♦ Relevant Definitions Under Section 2 of the LLP Act, 2008
♦ Incorporation of LLP, Partners and Their Relations
♦ Financial Disclosures Related to Limited Liability Partnership
♦ Conversion of Partnership Business into Limited Liability Partnership
♦ Differences with Other Forms of Organization
♦ Preparing Final Accounts of Limited Liability Partnership
4. Ascertainment and Treatment of Profit Prior to Incorporation 15 Hours
♦ Introduction to Pre and Post Incorporation
♦ Basis of Apportionment Between Pre and Post Incorporation Period
♦ Computation of Pre and Post Incorporation Profit / Loss
♦ Treatment of Pre and Post Incorporation Profit / Loss
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