Discover the world of corporate finances with Corporate Accounting, an authoritative book tailored specifically for B.Com 1st Year, Semester 2 students at Punjab University, Chandigarh. Authored by distinguished educators S.P. Jain, K.L. Narang, Simmi Agarwal, and Monika Sehgal, this comprehensive guide strictly follows the latest syllabus, making it an essential resource for mastering the intricacies of corporate accounting.
Corporate Accounting takes you through the fundamental concepts of accounting practices used by corporations, offering a detailed exploration of essential topics crucial for understanding the financial mechanics behind successful businesses. The book meticulously covers the preparation and maintenance of books of accounts, alongside the complexities of share capital. You will learn about intricate processes such as the buyback of shares, redemption of preference shares, and the issuance of right shares and bonus shares. Furthermore, key elements like managerial remuneration and profit prior to incorporation are addressed, ensuring that you gain a thorough understanding of how these factors influence a firm’s financial standing.
Transitioning into more advanced topics, the book delves into the underwriting of shares and debentures, illustrating their significance in corporate financing. It provides comprehensive insights into debentures, from their issuance to redemption, giving you a clear grasp of their role in a company's capital structure. Additionally, the text covers specialized accounting practices relevant to banking and insurance companies, preparing you to tackle the unique challenges associated with these sectors.
What sets this book apart is its strong emphasis on practical application. It includes a wealth of solved question papers that not only reinforce theoretical knowledge but also provide practical scenarios that you may encounter in examinations. This focus on practical work is essential for developing your problem-solving skills, ensuring that you're well-equipped to handle various accounting situations effectively.