SYBCOM Syllabus subject wise for Semester III & IV as per Mumbai University

Accountancy & Financial Management – III

Semester III

1. Partnership Final Accounts based on Adjustment of Admission or Retirement/ Death of a Partner During the Year
(i) Simple final accounts questions to demonstrate the effect on final Accounts when a partner is admitted during the year or when partner Retires/dies during the year
(ii) Allocation of gross profit prior to and after admission/retirement/death when stock on the date of admission/retirement is not given and apportionment of other expenses based on time/Sales/other given basis
(iii) Ascertainment of gross profit prior to and after admission/retirement/death when stock on the date of admission/retirement is given and apportionment of other expenses based on time/Sales/other given basis
Excluding Questions where admission/retirement/death takes place in the same year

2. Piecemeal Distribution of Cash
(i) Excess Capital Method only
(ii) Asset taken over by a partner
(iii) Treatment of past profits or past losses in the Balance sheet
(iv) Contingent liabilities / Realisation expenses/amount kept aside for expenses and adjustment of actual
(v) Treatment of secured liabilities
(vi) Treatment of preferential liabilities like Govt. dues / labour dues etc.
Excluding Insolvency of partner and Maximum Loss Method

3. Amalgamation of Firms
(i) Realisation method only
(ii) Calculation of purchase consideration
(iii) Journal/ledger accounts of old firms
(iv) Preparing Balance sheet of New firm
(v) Adjustment of goodwill in the new firm
(vi) Realignment of capitals in the new firm by current accounts/cash or a combination thereof Excluding Common transactions between the amalgamating firms

4. Conversion / Sale of a Partnership Firm into an Ltd. Company
(i) Realisation method only
(ii) Calculation of New Purchase consideration, Journal / Ledger Accounts of old firms. Preparing Balance Sheet of new company

Semester IV

1. Introduction to Company Accounts

Introduction of Basic Terms : Types of companies, nature and formation of companies, Shares, Debentures, Share Capital, Reserves and surplus, types of assets and liabilities, dividen, format of  Balance Sheet (Only theory)

Issue of Shares : Different modes IPO, Private Placements, Preferential, Rights, ESO, SWEAT and ESCROW account, Issue of shares at par, premium and discount, Under subscription and Over subscription of shares, forfeiture and reissue of forfeited shares, issue of shares for consideration other than cash. (Only theory)

Issue of Debentures : Types of Debentures, Issue of debentures at par, premium and discount, Issue of Debentures with consideration of Redemption ,Issue of debentures for cash receivable in instalments or at a time Issue of debentures for consideration other than cash. (Only theory) 

2. 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.

3. 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)

4. Ascertainment and Treatment of Profit Prior to Incorporation

(i) Principles for ascertainment

Preparation of separate combined, columnar Profit and Loss A/c including different basis of allocation of expenses and income

Note :

The Law and Standards in force on 1st April immediately preceding the commencement of Academic year will be applicable for ensuing Examinations.