B.Com. (Financial Management) Corporate Financial Accounting II Syllabus - Mumbai University
This is the TY BCom FM syllabus under NEP 2020, in force from the academic year 2026-27. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.
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Syllabus for Corporate Financial Accounting - II
Module I: Final Accounts of Insurance Company (Excl. Life Insurance)
- General Insurance- Various types of insurance, like fire, marine, Miscellaneous
- Special terms like premium, claims, commission, Management expenses, Reserve for unexpired risk, reinsurance
- Final Accounts in a prescribed form. Revenue Statement � Form B � RA, Profit / Loss Account Form B-PL and Balance Sheet Form B-BS.
Module II: AS-14 - Amalgamation, Absorption (excluding inter-company holding)
- In the nature of merger and purchase with corresponding accounting treatments of pooling of interests and purchase method respectively
- Meaning and Computation of purchase consideration. Inter-company debtors, creditors, loan, bills, loading in stock.
- Practical Problem on Amalgamation and Absorption (only Purchase Method)
Module III: 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 IV: Liquidation of Companies
- Meaning of liquidation or winding up
- Preferential payments
- Overriding preferential payments
- Preparation of statement of affairs, deficit/surplus account.
- Liquidator's final statement of account.
- Practical problems
Reference Books
- 1 Corporate Accounting by S. N. Maheshwari, Sharad K. Maheshwari & Suneel K. Maheshwari
- 2 Advanced Accounts / Advanced Accountancy by R. L. Gupta & M. Radhaswamy
- 3 Advanced Accounts (Vol. II) by M. C. Shukla & T. S. Grewal
- 4 Corporate Accounting by Prashanta Athma & N. Rajyalaxmi (Himalaya Publishing House)
- 1 T.S. Reddy & A. Murthy – Corporate Accounting II (Margham Publishers)
- 2 B. Raman – Corporate Accounting (Taxmann)
- 3 S. P. Jain & K. L. Narang – Advanced Accountancy
- 4 Anil Kumar & Rajesh Kumar – Advanced Corporate Accounting
Reproduced from the University of Mumbai syllabus for B.Com. (Financial Management) 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
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.