B.Com. (Accountancy) Accounting and Auditing Financial Accounting IV 4 Credit Syllabus - Mumbai University
This is the TY BCom Accountancy syllabus under NEP 2020, in force from the academic year 2026-27. 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.
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Syllabus for Accounting and Auditing Financial Accounting - IV - 4 Credit
Module I: Accounting Standard (AS) 10 – Property, Plant and Equipment
- Definition and scope of Property, Plant and Equipment
- Recognition criteria and elements of cost
- Initial and subsequent measurement: Cost model and revaluation model
- Depreciation: depreciable amount, useful life and methods
- Subsequent expenditure and component accounting
- Derecognition, retirement and disposal of PPE
- Disclosure requirements
Module II: AS 16: Borrowing Costs
- Meaning and scope of borrowing costs
- Qualifying asset and substantial period of time
- Components of borrowing costs
- Capitalization of borrowing costs
- Specific borrowings
- General borrowings and capitalization rate
- Exchange differences on foreign currency borrowings
- Commencement, suspension and cessation of capitalisation
- Disclosure requirements
Module III: AS 11: Accounting for Changes in Foreign Exchange Rates
- Introduction, scope and definitions under AS 11
- Foreign currency transactions – initial recognition
- Monetary and non-monetary items
- Reporting at subsequent balance sheet dates
- Recognition of exchange differences
- Long-term foreign currency monetary items
- Classification of foreign operations – integral and non-integral
- Translation of integral and non-integral foreign operations
- Accounting for forward exchange contracts
- Disclosure requirements
Module IV: Accounting for Foreign Branches
- Meaning and features of foreign branches
- Classification: integral and non-integral foreign branches
- Applicability of AS 11 to foreign branches
- Translation of integral foreign branch accounts
- Translation of non-integral foreign branch accounts
- Treatment of exchange differences and reserves
- Incorporation of foreign branch accounts in Head Office books
- Disposal of foreign branch and related disclosures
Reference Books
- 1 Elliott, B., & Elliott, J. (2022). Financial accounting and reporting. Pearson Education. https://www.pearson.com
- 2 Kothari, J., & Barone, E. (2020). Advanced financial accounting. Pearson Education. https://www.pearson.com
- 3 Tulsian, P. C. (2021). Corporate accounting. Tata McGraw-Hill Education. https://www.mheducation.co.in
- 4 Anthony, R. N., Hawkins, D. F., & Merchant, K. A. (2019). Accounting: Text and cases. McGraw-Hill Education. https://www.mheducation.com
- 5 International Accounting Standards Board. (2023). International financial reporting standards (IFRS). IASB. https://www.ifrs.org
Reproduced from the University of Mumbai syllabus for B.Com. (Accountancy) 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.