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MCom Semester I

Advanced Accounting – III

M.Com | Sem I | Paper - 411A (NEP 2020 Pattern)



1. Accounting Standards :
1.1 Introduction
1.2 Brief Review of Indian Accounting Standards
1.3 AS – 20 Earning per Share
1.4 AS – 21 Consolidated Financial Statement

2. Accounting for E-Commerce Business :
2.1 Fundamental of E-Commerce Accounting
2.1.1 Business account types in ecommerce accounting. 2.1.2 Ecommerce accounting tasks : Categorize all transactions, Track inventory, maintain a budget, Track inventory cash flow, Proper recordkeeping, Track returns and chargebacks, Pay sales and income taxes and Analyse financial statements. 2.1.3 Ecommerce accounting methods: cash, accrual, and modified cash. 2.1.4 E-commerce accounting tasks to regularly complete: Track and categorize sales transactions, Track and categorize expenses, Track and categorize returns, refunds, and chargebacks, Reconcile bank and credit card accounts, Prepare financial statements, Analyze financial performance, Stay on top of taxes, keep a business budget, Keep organized and accurate records.
2.2 Key Accounting issues from perspective of Ecommerce Business in elements of financial statement
2.2.1 Applicability of AS-9 or Ind AS -18 or Ind AS-115(effective from 01.01.2018) 2.2.2 Main source of revenue: Membership and Subscription, Merchandising Activity, Advertising Service, Other Services. 2.2.3 Expenditure (Revenue) : Rebates, discounts and others sales incentives, Paid and Loyalty Programmes, Website Development Cost Etc.)

3. Value Added Accounting and Reporting :
3.1 Concepts of value addition – Meaning, Utility, and Disclosure of Value Added Statement (VAS)
3.2 Economic Value Added (EVA)
3.3 Gross Value Added (GVA)
3.4 Net Value Added (NVA)
3.5 Market Value Added (MVA)

4. Financial Statements of Holding Companies : 
4.1 Consolidated Financial Statements of Holding Companies
4.2 Consolidation with adjustments of – Inter-company transaction, Issue of Bonus Shares, Revaluation of fixed Assets, Debentures and Preference Shares of subsidiary Company and dividend
4.3 Reference to AS 21 – Consolidated Financial Statements
4.4 Reference to Ind-AS 27 – Consolidated and Separate Financial Statements
4.5 Holding company with one or two subsidiaries.

5. Liquidation of Companies : 
5.1 Introduction, Meaning and Definition
5.2 Types of Liquidation
5.3 Accounting Treatment for Liquidation of Companies
5.4 Preparation of Statements of affairs including deficiency / surplus account as per the provisions of the company law

6. Financial Statements of Insurance Companies :
6.1 Brief Introduction – General Insurance Business
6.2 Preparation of final accounts of Insurance companies carrying on General Insurance business, as per the forms prescribed by the Insurance Regulatory and Development Authority Regulations 2002
6.3 Revenue Accounts in Form B- RA
6.4 Profit and Loss Account in Form B- PL
6.5 Balance Sheet in Form B- BS


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