Corporate Accounting / Lalitha, R..

Format:

Book

Author/Creator:

Lalitha, R., author.

Rajasekaran, V., author.

Language:

English

Subjects (All):

Corporations--Accounting.

Corporations.

Accounting--Textbooks.

Accounting.

Accounting--Problems, exercises, etc.

Physical Description:

1 online resource (1268 pages)

Edition:

1st edition

Place of Publication:

Pearson India, 2011.

System Details:

text file

Summary:

Corporate Accounting sets a new standard for the textbooks with rich pedagogy and an easy-to-understand approach that aims at equipping students with a solid grounding in the concepts in corporate accounting. The book is made up of independent chapters dealing with a particular aspect of corporate accounting. The text in each chapter is accompanied with illustrative material and many questions and problems for better grasp of the subject. It not only meets the requirements of the undergraduate students of different Indian universities but it can also be useful for the students of CA, CS, MBA and ICWA.

Contents:

Cover

Contents

Preface

Acknowledgements

Chapter 1: Corporate Accounting (Company Accounts)-Issue of Share Capital

1.1 Definition

1.2 Characteristics of a Company

1.3 Kinds of Companies (or) Types of Companies

1.3.1 Statutory Companies

1.3.2 Government Company

1.3.3 Foreign Company

1.3.4 Holding Company

1.3.5 Subsidiary Company

1.3.6 Registered Company

1.3.7 Listed Company

1.3.8 Private Company

1.3.9 Limited Company

1.3.10 Unlimited Company

1.3.11 Distinction between Private Company and Public Limited Company

1.4 Privileges of a Private Limited Company

1.5 Documents

1.5.1 Memorandum of Association

1.5.2 Articles of Association

1.5.3 Certificate of Incorporation

1.5.4 Prospectus

1.5.5 Certificate of Commencement of Business

1.6 Share Capital

1.6.1 Authorized Capital (Nominal/Registered Capital)

1.6.2 Issued Capital

1.6.3 Subscribed Capital

1.6.4 Called-up Capital

1.6.5 Paid-up Capital

1.6.6 Uncalled Capital

1.6.7 Reserve Capital

1.7 Differences Between "Capital Reserve" and "Reserve Capital"

1.8 Shares of a Company

1.8.1 Meaning

1.8.2 Classes of Shares

1.8.2.1 Preference Share

1.8.3 Types or Kinds of Preference Shares

1.8.3.1 On the Basis of Dividend Right

1.8.3.2 On the Basis of Participation in Surplus Profits

1.8.3.3 On the Basis of Recovery of Capital

1.8.3.4 On the Basis of Conversion into Equity Shares

1.8.3.5 Guaranteed Preference Share

1.9 Equity Shares

1.9.1 Distinction Between Preference Share and Equity Share

1.10 Management of Companies

1.10.1 Shareholders

1.10.2 Board of Directors

1.10.3 Managing Director

1.10.4 Manager

1.11 General Meetings of the Company

1.11.1 Statutory Meeting

1.11.2 Annual General Meeting

1.11.3 Extraordinary General Meeting

1.12 Quorum.

1.13 Voting

1.14 Resolutions

1.15 Floating of a Company (Forming A New Company)

1.16 Minimum Subscription

1.17 Issue of Shares

1.17.1 Issue of Shares for Cash

1.17.1.1 Stage I-Application for Shares

1.17.1.2 Stage II-Allotment

1.17.1.3 Stage III-Call on Shares

1.18 Accounting Treatment for Issue of Shares for Cash

1.18.1 Combined Account

1.19 Over-subscription

1.19.1 Alternative 1

1.19.2 Alternative 2

1.19.3 Alternative 3

1.20 Under-subscription

1.20.1 Distinction Between Under-subscription and Over-subscription

1.21 Calls-in-arrears

1.21.1 Without Opening Calls-in-Arrear Account

1.21.2 By Opening Calls-in-Arrear Account

1.22 Calls-in-advance

1.23 Issue of Shares from the Standpoint of Issue Price

1.23.1 Issue of Shares at Par

1.23.2 Issue of Shares at Premium

1.23.3 Issue of Shares at a Discount

1.24 Cash Book

1.25 More than one Type of Shares

1.26 Shares Issued for Consideration other than Cash

1.27 Forfeiture of Shares

1.27.1 Case 1-When Shares Issued at Par Forfeited

1.27.2 Forfeiture of Shares-Issued at Premium

1.27.2.1 Case 1-When Premium is Received

1.27.2.2 Case 2-When Premium is NOT Received

1.27.3. Forfeiture of Shares Issued at a Discount

1.28 Re-issue of Forfeited Shares

1.28.1 All Forfeited Shares are Re-issued

1.28.2 A Part of Forfeited Shares Are Re-Issued

1.29 Employee Stock Option Plan

1.29.1 Employee Stock Purchase

1.30 Issue of Bonus Shares

1.30.1 SEBI Guidelines with Respect to Issue of Bonus Shares

1.31 Rights Issue

1.32 Sweat Equity

1.33 Underwriting

1.34 Buy-back of Shares

1.34.1 SEBI Guidelines on Buy-Back of Shares

1.35 Escrow Account

Summary

Key Terms

Question Bank

Objective Type Questions

Short Answer Questions

Essay Type Questions

Exercises

Exercises.

Chapter 2: Underwriting of Shares and Debentures

2.1 Underwriting-Definition

2.2 Underwriting Commission and Payment

2.3 Sub-underwriters

2.4 Brokers

2.5 Managers to the Issue

2.6 Applications-Marked, Unmarked and Firm-underwriting Applications

2.6.1 Marked Applications

2.6.2 Unmarked Applications

2.6.3 Firm-underwriting Applications

2.7 Types of Underwriting

2.7.1 Pure Underwriting

2.7.1.1 Complete Underwriting

2.7.1.2 Partial Underwriting

2.7.2 Firm Underwriting

2.8 Accounting Treatment

2.8.1 Journal Entries

2.8.1.1 In the Books of the Company

2.8.1.2 In the Books of the Underwriter

Chapter 3: Redemption of Preference Shares

3.1 Issue and Redemption of Preference Shares

3.2 Determination of the Amount of New Issue

3.3 Stages in Solving Problems

3.3.1 Stage 1-Ascertainment of Amount of Capital Redemption Reserve (CRR)

3.3.2 Stage 2-Premium on Redemption of Preference Shares

3.3.3 Stage 3-Tackling "Cash Problem"

3.3.4 Stage 4-Transfers and Payment

3.3.5 Stage 5: Bonus Issue of Shares

Chapter 4: Issue and Redemption of Debentures

4.1 Meaning and Definition of Debenture

4.2 Meaning of Some Terms

4.3 Types of Debentures

4.3.1 From Security Viewpoint

4.3.2 From Records Viewpoint

4.3.3 From Redemption Viewpoint

4.3.4 From Priority Viewpoint

4.3.5 From Convertibility Viewpoint

4.4 Differences Between Shares and Debentures

4.4.1 Debentures with Pari Passu Clause

4.5 Debenture Trust Deed

4.5.1 SEBI Guidelines

4.6 Coupon Rate

4.6.1 Zero Coupon Bond.

4.7 Accounting for Issue of Debentures

4.7.1 Issue of Debentures for Cash

4.7.1.1 Issue of Debentures at Par

4.7.1.2 Over-subscription of Debenture

4.7.1.3 Issue of Debentures at a Discount

4.7.2 Issue of Debentures for Consideration Other than Cash

4.7.3 Issue of Debentures as Collateral Security

4.8 Terms of Issue of Debentures

4.9 Interest on Debentures

4.9.1 Net Effective Rate of Interest

4.9.2 Interest Accrued and Due

4.9.3 Interest Accrued but Not Due

4.10 Discount or Loss on Issue of Debentures

4.10.1 Fixed Instalment Method

4.10.2 Equated Method, Fluctuating or Variable Instalment Method

4.11 Loss on Issue of Debentures

4.12 Redemption of Debentures

4.12.1 Meaning and Features

4.12.2 Methods of Redemption of Debentures

4.12.3 Sources of Redemption of Debentures

4.12.4 Debenture Redemption Reserve (DRR)

4.12.5 Redemptions in One Lump Sum After the Expiry of the Specified Period

4.12.6 Financing of Redemption of Debentures

4.12.6.1 Sinking Fund Method (Or Debentures Redemption Fund)

4.12.6.2 Insurance Policy Method

4.12.7 Redemption of Debentures by Draw of Lots

4.12.8 Redemption Out of the Proceeds of Fresh Issue of Shares or Debentures

4.12.9 Redemption of Debentures by Conversion (Redemption of Convertible Debentures)

4.12.10 Redemption by Purchase in the Open Market

4.12.10.1 Purchase of Debentures on a Day Other than Due Date of Interest

4.12.10.2 Interest on Own Debentures

Chapter 5: Acquisition of Business (Purchase of Business)

5.1 Factors Associated with Acquisition of Business

5.2 Determination of Purchase Consideration

5.2.1 Method 1-Net assets method

5.2.2 Method II-Net payment method.

5.3 Accounting Entries

5.3.1 When New Set of Books is Opened

5.3.1.1 Entries in the Books of the Purchasing Company

5.3.1.2 Accounting Entries in the Books of the Vendor

5.3.1.3 Debtors and Creditors Taken Over on Behalf of the Vendors

5.3.2 When the Same Account Books (Set of Books) are Continued

Chapter 6: Profits Prior to Incorporation

6.1 Meaning

6.2 Accounting Treatment of Profits/Losses Prior to Incorporation in the Books of the Company

6.2.1 Profits Prior to Incorporation

6.2.2 Losses Prior to Incorporation

6.3 Methods of Ascertaining Profit or Loss Prior to Incorporation

6.3.1 Method 1: Period: Up to the Date of Incorporation

6.3.2 Method 2: Period: For the Whole Year up to the End of an Accounting Year

6.3.3 Method 3: Period: For the Whole Year up to the End of the Accounting Year

6.4 Basis of Apportionment of Expenses

6.4.1 Sales Ratio

6.4.2 Weighted Sales Ratio

6.4.3 Time Ratio

6.4.4 Weighted Time Ratio

6.4.5 Specific Expenses and Specific Allocation

6.4.6 Actual Expenses With Respect To Items

6.4.7 Various Items and Their Bases of Apportionment

6.5 Advanced Problems-Professional Course Level

6.6 Accounting Standard As-5 Revised

6.6.1 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies

Objective Questions

Chapter 7: Final Accounts of Companies

7.1 Meaning of Final Accounts

7.2 Preparation of Final Accounts

7.2.1 Stage I-Preparation of Profit and Loss Account

7.2.2 Principles

7.2.2.1 Materiality

7.2.2.2 Extraordinary Items

7.2.2.3 Prior Period Items.

7.2.2.4 Transfer of Profit.

Notes:

Online resource; Title from title page (viewed May 7, 2011)

ISBN:

9789332501119

9332501114

OCLC:

1024284955