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Objective: To Acquire Accounting Knowledge of Partnership Firms and Joint Stock Companies

This document outlines the syllabus for the Advanced Accounting paper BC 304, which is part of the B.Com program in Advertising, Sales Promotion, and Sales Management at the Open University. The course is divided into 5 units that cover key accounting topics related to partnership firms and joint stock companies. Unit 1 addresses partnership accounts including capital accounts, admission and retirement of partners. Unit 2 covers partnership dissolution and insolvency. Unit 3 covers share and debenture issues as well as underwriting and bonus shares. Unit 4 addresses final company accounts, profit statements, and pre-incorporation profits. Unit 5 focuses on valuation of goodwill and shares. The objective is for students to acquire accounting knowledge relevant to partnerships and

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76 views

Objective: To Acquire Accounting Knowledge of Partnership Firms and Joint Stock Companies

This document outlines the syllabus for the Advanced Accounting paper BC 304, which is part of the B.Com program in Advertising, Sales Promotion, and Sales Management at the Open University. The course is divided into 5 units that cover key accounting topics related to partnership firms and joint stock companies. Unit 1 addresses partnership accounts including capital accounts, admission and retirement of partners. Unit 2 covers partnership dissolution and insolvency. Unit 3 covers share and debenture issues as well as underwriting and bonus shares. Unit 4 addresses final company accounts, profit statements, and pre-incorporation profits. Unit 5 focuses on valuation of goodwill and shares. The objective is for students to acquire accounting knowledge relevant to partnerships and

Uploaded by

TARUN
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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B.

Com (Advertising, Sales Promotion & Sales Management) (CBCS) Faculty of Commerce, OU

Paper : (BC 304) : ADVANCED ACCOUNTING

Paper:BC 304 Max. Marks: 100


PPW: 5 Hrs Exam Duration: 3 Hrs
Credits : 5
Objective: To acquire accounting knowledge of partnership firms and joint stock companies

UNIT-I: PARTNERSHIP ACCOUNTS-I:


Meaning – Partnership Deed - Capital Accounts (Fixed and Fluctuating) – Admission of a
Partner – Retirement and Death of a Partner (Excluding Joint Life Policy)(Including problems)

UNIT-II: PARTNERSHIP ACCOUNTS–II:


Dissolution of Partnership – Insolvency of a Partner (excluding Insolvency of all partners) – Sale
to a Company(Including problems)

UNIT-III: ISSUE OF SHARES, DEBENTURES, UNDERWRITING AND BONUS


SHARES:
Issue of Shares at par, premium and discount - Prorata allotment – Forfeiture and Re-issue of
Shares – Issue of Debentures with Conditions of Redemption – Underwriting:Meaning –
Conditions- Bonus Shares: Meaning – SEBI Guidelines for Issue of Bonus Shares – Accounting
of Bonus Shares(Including problems)

UNIT-IV: COMPANY FINAL ACCOUNTS AND PROFIT PRIOR TO


INCORPORATION:
Companies Act 2013: Structure – General Instructions for preparation of Balance Sheet and
Statement of Profit and Loss – Part-I: Form of Balance Sheet – Part-II: Statement of Profit and
Loss – Preparation of Final Accounts of Companies - Profits Prior to Incorporation- Accounting
treatment. (Including problems)

UNIT-V: VALUATION OF GOODWILL AND SHARES:


Valuation of Goodwill: Need – Methods: Average Profits,Super Profits and Capitalization
Methods -Valuation of Shares: Need –Net Assets, Yield and Fair Value Methods. (Including
problems)

SUGGESTED READINGS:
1. Principles and Practice of Accounting: R.L. Gupta & V.K. Gupta,Sultan Chand & Sons.
2. Advanced Accountancy: Shukla and Grewal, S.Chand & Co.
3. Advanced Accountancy: R.L.Gupta&Radhaswamy, Sultan Chand & Sons.
4. Advanced Accountancy (Vol-II): S.N.Maheshwari&V.L.Maheswari, Vikas.
5. Accountancy–III: Tulasian, Tata McGraw Hill Co.
6. Advanced Accountancy: Arulanandam; Himalaya.
7. Accountancy–III: S.P. Jain & K.L Narang, Kalyani Publishers.
8. Guidance Note on the Revised Schedule VI to the Companies Act, 1956, The Institute of
Chartered Accounts of India.
9. Advanced Accounting (IPCC): D. G. Sharma, Tax Mann Publications.

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