This book is a University Grants Commission (‘UGC’) & Univeristy of Delhi recommended comprehensive & authentic textbook. It aims to help readers to acquire conceptual knowledge of corporate accounting systems. It also enables them to learn how to prepare the companies’ financial statements. This book is divided into two volumes:

• Volume I – Text & Illustrations
• Volume II – Assignments

This book aims to fulfil the requirements of the following students of undergraduate courses in commerce and management:

• B.Com. (Hons.) | Semester II | Paper DSC – 2.1 under the UGCF Programme as per the New Education Policy
• B.Com. | Semester II | Paper DSC – 2.1 under the UGCF Programme as per the NEP
• Non-Collegiate Women’s Education Board (NCWEB)
• School of Open Learning of the University of Delhi (SOL)
• Various Central Universities throughout India

The Present Publication is the 11^th Edition, authored by Bhushan Kumar Goyal, with the following noteworthy features:

• [Amended & Updated]
  • Theory & Accounting treatment has been revised as per the following
    • Accounting Standards – 4 (Revised)
    • Companies (Amendment) Act, 2019
    • MCA Notification – Dated 29-03-2021
  • Balance Sheets have been given as per the amended Schedule III of the Companies Act, both in questions and solutions in case of illustrations
  • Several illustrations on Statement of Changes in Equity have also been given
  • Illustration on Accounting Ratios has been added
• [Simple, Systematic and Comprehensive Explanation] of the concept and theories underlying Corporate Accounting
• [Student-Oriented Book] This book has been developed keeping in mind the following factors:
  • Interaction of the author/teacher with their students in the classroom
  • Shaped by the author/teacher’s experience of more than 39 years
  • Reactions and responses of students have also been incorporated at different places in the book
• [Comprehensive Coverage of Accounting Treatment] has been provided so that it becomes easy to solve practical problems
• [Illustrations for Better Understanding] have been given in each chapter
• [Careful Selection of Illustrations] to cover all aspects of the topics

Contents of this book are as follows:

• Volume I
  • Introduction
  • Issue, Forfeiture and Reissue of Shares
  • Issue of Rights and Bonus Shares
  • Employee Stock Option Plan
  • Underwriting of Shares and Debentures
  • Redemption of Preference Shares
  • Buy-Back of Shares
  • Issue and Redemption of Debentures
  • Financial Statements of Companies
  • Cash Flow Statement
  • Valuation of Intangible Assets and Shares
  • Value Added Statements
  • Amalgamation
  • Internal Reconstruction
  • Corporate Financial Reporting
• Volume II
  • Accounting for Share Capital and ESOP
  • Underwriting of Shares and Debentures
  • Redemption of Preference Shares
  • Buy-Back of Shares
  • Issue and Redemption of Debentures
  • Financial Statement of Companies
  • Cash Flow Statement
  • Valuation of Intangible Assets and Shares
  • Value Added Statements
  • Amalgamation
  • Internal Reconstruction
  • Corporate Financial Reporting
  • Question Papers
    • B.Com. (Hons.) | SEM-II | July 2023
    • B.Com. | SEM-II | July 2023