B.Com. (Accountancy) Accountancy and Financial Management IV Syllabus - Mumbai University
This is the SY BCom Accountancy syllabus under NEP 2020, in force from the academic year 2025-26. The University clubbed this degree with B.Com., B.Com. (Business Economics) and B.Com. (Business Management) on 25 May 2026 and now awards it as B.Com. (Commerce and Management), with Accountancy as the Major: the papers below are the ones its own Board of Studies sets, so your exam form may name the degree differently from your admission letter. The four Major papers of Semesters III and IV are the four credit versions the University issued on 22 June 2026, which carry twice the modules of the two credit papers set for these semesters before them.
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Syllabus for Accountancy and Financial Management - IV
Module I: Redemption of Preference Shares
- Provision of the Companies Act for redemption of Preference Shares (Sec 55 of the Companies Act, 2013), Companies (Share and Debentures) Rules.
- Methods of Redemption of fully paid up Preference Shares as per Companies Act, 2013:
- The proceed of a fresh issue of shares, the capitalisation of undistributed profits and a combination of both
- Calculation of minimum fresh issue to provide the fund for redemption. (Question on entries and/or Balance Sheet) Note: Companies governed by Section 133 of the Companies Act, 2013 and comply with the accounting standards prescribed for them. Hence, the balance in security premium account not to be utilised for premium payable on redemption of preference shares.
Module II: Redemption of Debentures
- Introduction : Provisions of Section 71 (1) and (4) of the Companies Act, 2013
- Creation and investment of DRR including The Companies (Share Capital and Debentures) Rules, 2014, the methods of writing-off discount/loss on issue of debentures
- Terms of issue of debentures.
- Methods of redemption of debentures: By payment in lumpsum and by payment in instalments (excluding from by purchase in open market), Conversion. (Question on entries. ledgers and/or Balance Sheet and /or redemption of preference shares)
Module III: AS 4 Contingencies and Events Occurring After the Balance Sheet Date
- Definitions
- Types of Events After the Balance Sheet Date
- Measurement and Disclosure of Contingencies
- Scope Exclusions
- Relationship with AS 29
- Approval Process and Cut-off Date
Module IV: AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
- Ordinary vs. Extraordinary Items
- Prior Period Items
- Changes in Accounting Estimates
- Changes in Accounting Policies
- Disclosure Requirements in the Profit and Loss Statement
- Comparison with Ind AS 8
Text Books
- ICAI. (Current Year). Accounting standards. Institute of Chartered Accountants of India.
- ICAI. (Current Year). Companies act 2013. Institute of Chartered Accountants of India.
- Maheshwari, S. N., & Maheshwari, S. K. (2018). Corporate accounting. Vikas Publishing House.
- Gupta, R. L., & Radhaswamy, M. (2017). Advanced accountancy. Sultan Chand & Sons.
- Jain, S. P., & Narang, K. L. (2018). Advanced accountancy (10th ed.). Kalyani Publishers.
- Shukla, M. C., Grewal, T. S., & Gupta, S. C. (2020). Advanced accounts (19th ed.). S. Chand Publishing.
- Hanif, M., & Mukherjee, A. (2019). Modern accountancy (Vol. 2). McGraw Hill Education.
- Tulsian, P. C. (2022). Financial accounting. S. Chand Publishing. Syllabus B.Com Sem-IV
- Board of Studies in Accountancy
Reproduced from the University of Mumbai syllabus for B.Com. (Accountancy) under NEP 2020, in force from the academic year 2025-26. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.