Corporate accounting

BCM3 BO4 CORPORATE ACCOUNTING

Lecture Hours per week: 6, Credits: 4

Internal: 20, External: 80, Examination 2.5 Hours

Objectives:

To help the students to acquire conceptual knowledge of the fundamentals of the corporate

accounting and the techniques of preparing the financial statements.

Module I

a. Redemption of Debentures:

Meaning- Writing off of Discount on issue and loss on issue of debenture- Methods of

redemption- Annual drawings out of profit and capital (New regulation to be taught)-

Debenture redemption reserve- Lump sum payment- Sinking funds and Insurance Policy

(Theory only)- Purchase of own debentures- For cancellation, Investment and Reissue- Ex-

interest and Cum-interest- Redemption by conversion- Journal Entries.

b. Redemption of Preference Shares:

Provisions for redemption- Sources used for redemption- Capital redemption reserve- Journal