Description
Accounting and Auditing – III (Financial Accounting) (4 Credits)
TYBCOM Semester V
Vertical – 1 : Major – Mandatory
As Per NEP 2020 (w.e.f. the Academic Year 2026-27)
Syllabus
1. Internal Reconstruction 15 Hours
♦ 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, Conversion of Stock into Shares and Vice Versa with Relevant Legal Provisions of Companies Act 2013 and Accounting Treatment for Same.
2. AS-14 : Amalgamation, Absorption and External Reconstruction (Excluding Intercompany Holdings) 15 Hours
♦ Types of Amalgamation – Merger and Purchase
♦ Accounting for Amalgamation – Pooling of Interest Method and Purchase Method
♦ Computation of Purchase Consideration and Treatment Under Purchase Method Only
♦ Amalgamation Post Balance Sheet Date
♦ Disclosure Requirement of AS 14
3. Investment Accounting (w.r.t. Accounting Standard – 13) 15 Hours
♦ Forms and Classification of Investments
♦ How to Compute the Cost of Investments : Current Investments, Long Term Investments, Investment Properties
♦ Disposal of Investments
♦ Reclassification of Investments
♦ Disclosure Requirements as per AS 13
4. Buy Back of Shares 15 Hours
♦ Company Law / Legal Provisions (Sec. 68 and Sec. 70 Companies Act 2013) (Including Related Restrictions, Power, Transfer to Capital Redemption Reserve Account and Prohibitions)
♦ Compliance of Conditions Including Sources, Maximum Limits and Debt Equity Ratio
♦ Cancellation of Shares Bought Back (Excluding Buy Back of Minority Shareholding)
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