The objective of the textbook is basic treatment of main principles of Corporate Accounting. The standard set for the book is complete clarity for beginners and such simplicity of exposition to make the text practically the best one. The present book aims to meet in full measure the requirement of students preparing for various commerce courses opting Corporate Accounting in Indian Universities and Professional Courses. The latest syllabus of various professional courses like CA, CMA, CS, BBA, MBA, etc. is covered in the book. Syllabus of B.Com., M.Com. of various Indian Universities (Unified and CBCS) have been taken into consideration. It runs in 31 chapters (spreading over 1,384 pages) and stands as an unique and most comprehensive treatise of various aspects of Corporate Accounting.
31 chapters of the book may be broadly grouped in following heads:
- Issue of Securities – Issue and forfeiture of shares, Issue of Debentures, Underwriting of Shares and Debentures, Bonus shares, Right shares, Employees Stock of Options.
- Redemption of Securities – Redemption of Preference shares, Buy-back of securities Redemption of Debentures.
- Financial Statement of Companies – P & L Account and Balance Sheet of a Company, Dividend, Disposal of profits, Managerial remuneration, Basic Accounting Ratios.
- Acquisition – Acquisition of business, Profit before and after incorporation.
- Valuation and Flow Statements – Valuation of Goodwill, Valuation of Shares, Cash Flow and Fund Flow Statements.
- Combinations of Companies – Combination and Amalgamation of Companies and Internal Reconstruction.
- Financial Reporting – Financial Reporting of Banking Companies Non-banking Companies, Mutual Funds, Insurance Companies, Electricity Companies, Double Accounting System, Govt. Companies and Statutory Organisation.
- Special Accounting – Holding and Subsidiary Companies, Liquidation of Companies.
- Accounting Standards – AS and Ind AS.
- It is most comprehensive coverage of subject matter. Almost all topics of Corporate Accounting are dealt with.
- Most authentic and elaborate presentation of the subject matter in a simple and lucid style with a very large number of examples and illustrations (about 565).
- At the beginning of each chapter, Outline of Chapter is given.
- In each chapter Objective and Multiple Choice Questions are given in large number.
- The book also contains an outline of Accounting Standard (AS) Indian Accounting Standard (Ind AS) in a separate Chapter.
- At the end of each chapter, assignments containing theoretical and numerical questions are also given for practice and revision.
- The book covers latest changes and amendments in the law Companies Act 2013 and its amendment till date. It is based on Accounting Standards (AS) and Indian Accounting Standard (Ind AS).
- Introduction to Company Accounts
- Share Capital
- Underwriting of Shares and Debentures
- Accounting for Bonus Issue and Right Issue
- Accounting for Employees Stock Option Plan and Equity Share with Differential Rights
- Redemption of Preference Shares
- Buy-Back of Securities
- Redemption of Debentures
- Financial Statements of Companies
- Disposal of Profits
- Corporate Financial Reporting
- Accounting Ratios
- Acquisition of Business by a Company
- Profit or Loss Pre- and Post- Incorporation
- Valuation of Intangible Assets and Goodwill
- Valuation of Shares
- Value Added Statement
- Funds Flow Statement
- Cash Flow Statement
- Accounting for Combination or Amalgamation of Companies
- Accounting for Internal Reconstruction of Companies
- Financial Reporting of Banking Companies
- Non-Banking Financial Companies (NBFC)
- Financial Reporting of Mutual Funds
- Financial Reporting of Insurance Companies
- Financial Statements of Electricity Supply Companies and Double Account System
- Accounting of Government Companies and Statutory Accounting
- Consolidated Financial Statements (Holding Companies & Subsidiary Companies)
- Liquidation of Companies
- Accounting Standards (AS) and Indian Accounting Standards (Ind AS)