Guidelines for NEP: UGCF Syllabus w.e.f.

2022-23
For the Paper Titled
"Corporate Accounting" of B. Com. (Prog.)
DSC-2.1, Semester-II
JOINTLY ORGANISED BY
Department of Commerce, Delhi School of Economics, University of Delhi
And
Ramjas College, University of Delhi
Date: 13th April 2023
Time: 4 PM
Venue: Google Meet Platform

Minutes of the meeting

An online meeting was held on Thursday, 13th April 2023 at 4:00 PM on Google Meet Platform
to prepare the Guidelines for NEP: UGCF Syllabus w.e.f. 2022-23 for the paper titled
"Corporate Accounting" of B. Com. (Prog.) DSC-2.1, Semester-II, jointly organised by the
Department of Commerce, Delhi School of Economics, University of Delhi and Ramjas
College, University of Delhi. Fifty Six (56) faculty members of the different colleges of the
University of Delhi associated with the teaching of this paper registered in advance to attend
the meeting and finally, Twenty-One (21) faculty members attended the meeting on the
scheduled day, date and at the given link. The meeting was convened by CA Dr P C Tulsian
Associate Professor, Commerce Department Ramjas College and Co-Convened by CA Dr
Vishal Pandey, Assistant Professor, Commerce Department, Ramjas College. Dr Kirti Singh,
Assistant Professor represented the Department of Commerce, Delhi School of Economics,
University of Delhi. The following members were present in the online meeting:

S.No. Name College

01 CA Dr P C Tulsian (Convener) Ramjas College
02 CA Dr Vishal Pandey (Co-Convener) Ramjas College
03 Dr Kirti Singh Department of Commerce, Delhi School
of Economics
04 Dr Renu Gupta Jesus & Mary College
05 Dr Sandeep Garg Dyal Singh College
06 CA Dr Pankaj Jain Dyal Singh College
07 Dr Rovika Prem Sri Aurobindo College (E)
08 Dr Sandeep Kumar Goel Acharya Narendra Dev College
09 Dr Rashmi Goel Deen Dayal Upadhyaya College
 10 Dr Geeta Sidharth Gargi College
11 Kamna Virmani Mata Sundri College for Women
12 Deepika Motilal Nehru College (M)
13 Ms Pushpa Yadav Bhagini Nivedita College
14 Charvi Jain PGDAV College (M)
15 Ms Mansi Anand Janki Devi Memorial College
16 Dr Shiran Khan Kalindi College
17 Deepak Verma College of Vocational Studies
18 Gitu Nijhawan PGDAV College
19 Madhurika Verma PGDAV College (M)
20 Ms Priyanka Ramjas College
21 Bunny Singh Bhatia Sri Aurobindo College

The following guidelines were set in the online meeting with the consent of faculty members
present and the representative of the Department of Commerce, Delhi School of Economics,
University of Delhi.
ALLOCATION OF LECTURES AND MARKS

Unit Syllabus No. of Allocation Questions

Lectures of Marks
01. Accounting for Share Capital and 6 15 Q1
Debentures (Internal Choice
within Unit 1)
02. Financial Statements of 12 24 Q2
Companies (Internal Choice
within Unit 2)
03. Valuation of Intangible Assets 9 18 Q3
and Shares (Internal Choice
within Unit 3)
04. Amalgamation of Companies and 9 18 Q4
Internal Reconstruction (Internal Choice
within Unit 4)
05. Corporate Financial Reporting 9 15 Q5
(Internal Choice
within Unit 5)
Total 45 Lectures 90 Marks
 EXAMINATION RELATED GUIDELINES

Syllabus Scope
UNIT 1: ACCOUNTING FOR SHARE CAPITAL AND DEBENTURES
Types of shares; Accounting for Share  An Overview of Issues, Forfeiture and
Capital, Issue of Rights and Bonus Shares; Reissue of Shares.
ESOPs and Buy-Back of shares; Issue and  An Overview of Issues of Debentures.
Redemption of Preference Shares and  In case of Redemption of Debentures,
Debentures. Underwriting of Shares and Redemption in Lumpsum/Instalments,
Debentures. [In reference to Relevant Redemption by Purchase in the Open
Accounting Standards (AS and Ind AS) and Market for immediate cancellation and
Guidance Notes as applicable.] Redemption by Conversion only to be
covered.
 The benefit of Firm Underwriting should
be given to individual underwriters on
the basis of their individual Firm
Underwriting.
 Accounting for ESOPs only by Fair
Value Method.
 The relevant sections of the Companies
Act, 2013 include Sec. 2 (30), Sec.
2(43), Sec 2(84), Sec. 2(88), Sec. 39,
Sec. 40, Sec. 42, Sec. 43, Sec. 49, Sec.
50, Sec. 52, Sec. 53, Sec. 54, Sec. 55,
Sec. 62, Sec. 63, Sec. 68, Sec. 69 and
Sec. 133.
 Table F of the Companies Act 2013.
 SEBI Guidelines for Issue of Bonus
Shares.
 Accounting for Bonus Shares is to be
done only in the books of listed
companies.
 The Companies (Share Capital and
Debentures) Rules, 2014.
 The Companies (Prospectus and
Allotment of Securities) Rules, 2014.

Note: Premium Payable on Redemption of

Redeemable Preference Shares and
 Debentures cannot be provided out of
Securities Premium Account as per Section
52 (3) in case of prescribed companies whose
financial statements comply with
Accounting Standards prescribed u/s 133.
For examination purposes, Sec. 52 (3) is to
be applied.

(Numerical Questions are to be framed with

special emphasis on ESOP and Buy-Back)
UNIT 2: FINANCIAL STATEMENTS OF COMPANIES
Preparation of financial statements of  Preparation of Statement of Profit and
corporate entities including one Person Loss, Balance Sheet, Statement of
Company (excluding calculation of Changes in Equity and Cashflow
managerial remuneration) as per Division I Statement only manually and not using
and II of Schedule III of the Companies Act appropriate software.
2013; Related Parties as per AS-18,  Numerical Questions are to be framed
Preparation of Statement of Profit and Loss, with special emphasis in particular on:
Balance Sheet, Statement of Equity and  Identification of Related Party as per
Cashflow Statement manually and using Section 2(76), Section 188 of the
appropriate software. Interpreting the ratios Companies Act 2013 and AS 18.
calculated as per Schedule III of the  Calculation of Basic EPS and
Companies Act 2013 [with reference to Adjusted EPS as per AS 20. While
Relevant Accounting Standards (AS and Ind calculating Basic EPS, Bonus Issue,
AS) and the relevant provisions of The Right Issue, Share Split and Reverse
Companies Act, 2013, as applicable.]. Share Split to be covered. (Potential
Calculation of EPS as per AS 20. Equity Shares and Diluted EPS to
be excluded).
 Calculation of Dividends on Equity
Shares, all types of Preference Shares
and Differential Voting Rights
(DVRs) Equity Shares.
 Declaration of Dividend out of
Reserves as per The Companies
(Declaration and Payment of
Dividend out of Reserves) Rules,
2014.
 Expenditure on Corporate Social
Responsibility (CSR) as per Section
135 of the Companies Act 2013.
  Preparation of Statement of Changes
in Equity.
 Calculation of Operating Cycle.
 Calculation of 11 Ratios specified in
Schedule III of The Companies Act
2013 i.e. Current Ratio, Debt-Equity
Ratio, Debt Service Coverage Ratio,
Return on Equity Ratio, Inventory
Turnover Ratio, Trade
Receivables Turnover Ratio, Trade
Payables Turnover Ratio, Net
Capital Turnover Ratio, Net Profit
Ratio, Return on Capital Employed,
Return on Investment to be calculated
per Formula used in practice by the
Top Listed Companies(such as
Reliance Industries, TCS, Infosys).
 The relevant sections of the Companies
Act, 2013 include Sec. 2(35), Sec. 2(40),
Sec. 2(41), Sec. 2(76), Sec. 50, Sec. 51,
Sec. 123, Sec. 124, Sec. 128, Sec. 129,
Sec. 133, Sec. 134, Sec. 135, Sec. 137,
Sec. 188 and Sec. 198.
 Rule 11 of The Companies (Account)
Rules, 2022.
 Deferred Tax to be Excluded.
 An Overview of IND AS 24.
 An Overview of IND AS 7.
 An Overview of IND AS 33.
UNIT 3: VALUATION OF INTANGIBLE ASSETS AND SHARES
Valuation of Intangible Assets and Shares.  Valuation of Intangibles should only be
Value Added Statement, Economic Value restricted to Goodwill and Brand.
Added, Market Value Added, and  Numericals on the valuation of Goodwill
Shareholder Value Added. as per Future Maintainable Profits
Method, Super Profits Method and
Capitalisation Method.
 Simple Numericals on the valuation of
Brands as per Discounted Cash Flow
 Model, Potential Earning Model and
Discounted Super Profit Model.
 Concept of Brand Strength.
 Numericals on Valuation of Share as per
Net Asset Basis, Earning Yield Basis,
Dividend Yield Basis and Fair
Value/Mean Value/Dual Basis.
 Numericals on Value Added Statement,
Economic Value Added (EVA), Market
Value Added (MVA), and Shareholder
Value Added (SVA).
UNIT 4: AMALGAMATION OF COMPANIES AND INTERNAL
RECONSTRUCTION
Accounting for Amalgamation of Companies  Inter-company Owings and Adjustment
(excluding inter-company holdings) of Unrealised Profits included in Assets
applying AS 14/Ind AS 103. transferred among the involved
Accounting for Different Forms of Internal companies to be covered.
Reconstruction (excluding drafting of  Numericals under Internal
Internal Reconstruction Scheme). Reconstructions should cover Alteration
of Share Capital u/s 61, Reduction of
Share Capital u/s 66, Variations of
Shareholders’ Rights u/s 48 and Scheme
of Compromise/Arrangement u/s 230
and 231.
 Surrender of Shares to be excluded.
 The term “Reconstruction A/c” should
be used in place of Capital Reduction
A/c
 The relevant sections of the Companies
Act, 2013 include Sec. 48, Sec. 61, Sec.
66, Sec. 230, Sec. 231 and Sec. 232.
 An Overview of IND AS 103.
UNIT 5: CORPORATE FINANCIAL REPORTING
Meaning, need and objectives; Constituents  Provisions of section 135 of the
of Annual Report and how it is different from Companies Act 2013 relating to CSR.
financial statements; Contents of the report  Special Emphasis on Drafting Notes to
of the Board of Directors; XBRL Reporting. Accounts.
Drafting of Notes to Accounts. Segment  Latest Concepts of Financial Capital,
Reporting as per AS - 17, Sustainability Manufactured Capital, Human Captial,
 Reporting, Triple Bottom Line Reporting, Intellectual Capital, Natural Capital and
CSR Reporting. Social & Relationship Capital.
 Numerical on Segment Reporting as per
AS 17.
 The relevant sections of the Companies
Act, 2013 include Sec. 134 and Sec. 135.
 An Overview of IND AS 108.

Notes:

(1) For all of the above topics, the relevant provisions of The Companies Act, 2013 and
relevant Accounting Standards (both AS and IND AS) should be covered. Any revision
of relevant AS/IND AS and relevant provisions of The Companies Act, 2013 would also
become applicable.
(2) Numerical should be covered in respect of AS issued by the Institute of Chartered
Accountants of India and not IND AS.
(3) FDP/Workshop should be organised at regular intervals for the benefit of faculty
members.
(4) All teachers teaching this paper are expected to follow these guidelines to maintain
uniformity.
(5) These guidelines must be provided to all the members of the Paper setting Board so that
the same can be strictly adhered to while drafting Question Papers.
(6) Question Papers should be designed in such a way that a student is not able to avoid any
part of the syllabus.
(7) Corporate Accounting Paper is a numerical-based paper, hence the emphasis must be
more on numerical Questions.
(8) Appropriate Sample Papers should be designed for the practice of Students.
(9) As Internal Examination consists of 70 Marks (i.e. 43.75%) therefore Separate
Guidelines should also be prepared for Standardising Internal Examination.

CA (Dr) P C Tulsian CA (Dr) Vishal Pandey Dr Kirti Singh

(Convener) (Co-Convener) (Representative)
Associate Professor Assistant Professor Assistant Professor
Commerce Department Commerce Department Department of Commerce
Ramjas College, Ramjas College, Delhi School of Economics
University of Delhi University of Delhi University of Delhi