SEMESTER V

B.Com General
ADVANCE CORPORATE ACCOUNTING I
DSE
w.e.f 2019 -20 AY

SCHEME OF INSTRUCTION SCHEME OF EXAMINATION

Hours per Week :5 Maximum Marks : 100
Credits :5 Internal Assessment : 40
Instruction Mode : Lecture External Examination : 60
Course Code :BC.07.101.17T External Exam Duration : 3 Hrs

Course Objectives:
 To acquaint the student with knowledge on various accounting aspects related to
company.
Course Outcomes

On Successful completion of the Course, Students will be able to:

CO 1: Construct consolidated balance sheet of holding companies using provisions of AS 21.
CO 2: Use Double accounting system for electricity companies.
CO 3: Prepare LIC final accounts as per IRDA provisions.
CO 4: Prepare general insurance as per IRDA provisions.
CO 5: Appraise the need, pros and cons of human resource accounting in India.

Unit I: Accounting for Holding Companies 12Hrs

Nature of holding Companies, Legal requirements for Holding Companies, Provisions of Ind AS
110, Calculation of Minority Interest, Cost of Control or Goodwill, Capital Reserve, Inter
Company Owings, Preference shares and debentures in subsidiary company, Pre acquisition
profits, Bonus Shares, Dividends in Subsidiary Company.

Unit II: Accounting for Electricity Companies 12 Hrs

Meaning of Double Account System, Revenue Account, Net Revenue Account, Capital Account
and General Balance Sheet, Calculation of Reasonable Return and Disposal of Surplus.

Unit III: Life Insurance Accounts 12 Hrs

Meaning, Types of Insurance, Terms in Insurance, Provisions of IRDA relating to LIC,
Preparation of LIC final accounts as per IRDA, Valuation Balance Sheet, Calculation of
corrected fund.

Unit IV: General Insurance Accounts 12 Hrs

Meaning, Types of General Insurance, Provision for unexpired risk, provisions of IRDA relating
to GIC, Preparation of final accounts.

Unit V: Human Resource Accounting 12 Hrs

Definition, objectives, approaches, assumptions, advantages and disadvantages of HRA, HRA in
India (Only Theory)

TEXT BOOKS

1. S.P. Jain and K.L.Narang, Advance Corporate Accounting, Kalyani Publications

2. S.P. Jain and K.L.Narang, Corporate Accounting, Kalyani Publications

REFERENCE BOOKS

1. RL Gupta and VK Gupta, Principles and practice of accounting, Sultan chand and Sons
2. SN Maheshwari and VL Maheshwari, Advanced Accounting (Vol III), Vikas Publishing
House
3. Shukla and Grewal, Advanced accounting, ; S.Chand and Co