B.Com. (Accounting and Finance) Financial Accounting V Syllabus - Mumbai University

This is the TY BAF syllabus under NEP 2020, in force from the academic year 2026-27. The University still sets the earlier Choice Based syllabus below alongside it for ATKT candidates, so check which scheme your exam form names before you revise.

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Syllabus for Financial Accounting - V

Major · Semester 5 · TY BAF · 4 credits · 100 marks

Module I: Underwriting of Shares and Debentures

Introduction, Underwriting, Underwriting Commission Provision of Companies Act with respect to Payment of underwriting commission Underwriters, Sub-Underwriters, Brokers and Manager to issues Types of underwriting, Abatement Clause Marked, Unmarked and Firm-underwriting applications, Liability of the underwriters in respect of underwriting contract.
Practical problems: Benefit given to Underwriters & Benefit not given to Underwriters including Journal Entries.

Module II: AS – 14 – Amalgamation, Absorption and External Reconstruction (Excluding inter-company holding)

Types of amalgamation – merger and purchase
Accounting for amalgamation – Pooling of interest method and purchase method
Computation of Purchase Consideration and treatment under purchase method only
Amalgamation post balance sheet date
Disclosure requirement of AS 14

Module III: Internal Reconstruction

Need for reconstruction and company law provisions
Distinction between internal and external reconstructions.
Methods including alteration of share capital, variation of shareholder rights, sub division, consolidation, surrender and reissue / cancellation, reduction of share capital, conversion of stock into shares and vice versa with relevant legal provisions of Companies Act 2013 and accounting treatment for same.

Module IV: Investment Accounting (w.r.t. Accounting Standard – 13)

Forms and Classification of Investments
How to compute the Cost of Investments: Current Investments, Long term Investments, Investment Properties
Disposal of Investments
Reclassification of Investments
Disclosure Requirements as per AS 13

Reference Books

1 Introduction to Accountancy by T.S. Grewal, S. Chand and Company (P) Ltd., New Delhi
2 Advance Accounts by Shukla and Grewal, S. Chand and Company (P) Ltd., New Delhi
3 Advanced Accountancy by R.L. Gupta and M. Radhaswamy, S. Chand and Company (P) Ltd., New Delhi
4 Modern Accountancy by Mukherjee and Hanif, Tata Me. Grow Hill and Co. Ltd., Mumbai
5 Financial Accounting by Lesile Chandwichk, Pentice Hall of India Adin Bakley (P) Ltd., New Delhi
6 Financial Accounting for Management by Dr. Dinesh Harsalekar, Multi-Tech. Publishing Co. Ltd., Mumbai
1 Financial Accounting by P.C. Tulsian, Pearson Publications, New Delhi 10 2. Accounting Principles by R.N. Anthony and J.S. Reece, Richard Irwin, Inc
3 Financial Accounting by Monga, J.R. Ahuja, Girish Ahuja and Ashok Shehgal, Mayur Paper Back, Noida
4 Compendium of Statement and Standard of Accounting, ICAI
5 Indian Accounting Standards, Ashish Bhattacharya, Tato Mc. Grow Hill and Co. Ltd., Mumbai
6 Financial Accounting by Williams, Tata Mc. Grow Hill and Co. Ltd., Mumbai
7 Company Accounting Standards by Shrinivasan Anand, Taxman, New Delhi
8 Financial Accounting by V. Rajasekarun, Pearson Publications, New Delhi
9 Introduction to Financial Accounting by Horngren, Pearson Publications. New Delhi
10 Financial Accounting by M. Mukherjee and M. Hanif, Tota McGraw Hill Education Pvt. Ltd., New Delhi
11 Financial Accounting a Managerial Perspective, Varadraj B. Bapat, Mehul Raithatha, Tata McGraw Hill Education Pvt. Ltd., New Delhi External, Semester End Examination 11 Internal Continuous Assessment: 40% 60% Individual Passing in Internal and External Examination 12 Continuous Evaluation through: Semester End External – 60 Marks Sr. Time – 2 Hours Assessment/Evaluation Marks No. Attempt any 4 out of 6 questions Class Test during the lectures. (Physical/Online Mode) (Short Alok Question Marks 1 Notes/ MCQs/ Match the 20 Q.1 Practical/Theory 15 Pairs/ Answer in one sentence/ Puzzles/ Numerical) Q.2 Practical/Theory 15 Participation in Workshop/ Q.3 Practical/Theory 15 Conference/ Seminar/ Q.4 Practical/Theory 15 2 10 Assignment & Viva Q.5 Practical/Theory 15 (Physical/Online Mode) Group Presentation/ Role Play/ Q.6 Practical/Theory 15 Case Study Participation / Note 3 10 Certificate Course 1. Equal Weightage is to be given to all the (Physical/Online Mode) modules.
2 15 marks question may be subdivided into 8 marks + 7 marks, 10 marks + 5 marks and 5 marks + 5 marks + 5 marks. Internal options may be given however, it is not mandatory.
3 Use of a simple calculator is allowed in the examination.
4 Wherever possible more importance is to be given to the practical problem. Syllabus B.Com. (Accounting and Finance) (Sem.- V)

Reproduced from the University of Mumbai syllabus for B.Com. (Accounting & Finance) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.

The complete syllabus

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