Lovely Professional University, Punjab

Course Code COM206 Course Category Course Title CONTEMPORARY ACCOUNTINGISSUES Courses with conceptual focus
TextBooks Sr No T-1 Sr No R-1 R-2 R-3 R-4 R-5 R-6 Other Reading Sr No OR-1 OR-2 OR-3 OR-4 OR-5 Journals articles as Compulsary reading (specific articles, complete reference) HBR-The Finance Function in Global Corporation, M A Desai, July- Aug 2008, Page 108 , Will Harmonizing Accounting Standards Really Harmonize Accounting? Evidence from Non-U.S. Firms Adopting U.S. GAAP. By: BRADSHAW, MARK T.; MILLER, GREGORY S.. Journal of Accounting, Auditing & Finance , International Accounting Standards and Accounting Quality. By: BARTH, MARY E.; LANDSMAN, WAYNE R.; LANG, MARK H.. Journal of Accounting Research, Jun2008, Vol. 46 Issue 3, p467-498 , Human Resource Replacement Cost: Measures and Usefulness. By: Tang, Tang. Cost Engineering, Apr2005, Vol. 47 Issue 4, p16-21, 6p , Title Contemporary Issues in Accounting Reference Books Title Accounting For Management Accounting & Finance-Contemporary Issues Accounting and Fraud Forensic Examination Corporate Accounting Corporate Accounting Hand outs Author Jawahar Lal Sarker, J.B Conan C. Albrecht, W. Steve Albrecht Maheshwari S. N., Maheshwari S. K. K. L. Jain S. P., Narang Compiled resources Edition 5th 1st 1st 4th 13th 1st 2011 2012 Year 2011 2007 2009 Publisher Name Himalaya Pub.House, Delhi Delhi Cengage Learning Vikas Publication Kalyani Publisher Ludhiana Other Author Shashi K. Gupta Edition 7th Year 2012 Publisher Name Kalyani Publisher Ludhiana

Course Planner 16132::Manju Asht

Lectures 3

Tutorials Practicals 1 0

Human Resource Accounting: A Measurement Perspective. By: Mirvis, Philip H.; Macy, Barry A.. Academy of Management Review, Apr76, Vol. 1 Issue 2, p74- 83, 10p; DOI: 10.5465/AMR.1976.4408668 , OR-6 For Better or For Worse: Corporate Responsibility Beyond "Do No Harm"Full Text Available By: Wettsein, Florian. Business Ethics Quarterly, Apr2010, Vol. 20 Issue 2, p275-283, 9p , OR-7 Corporate governance and earnings management and the relationship between economic value added and created shareholder value. By: Ali El Mir; Seboui, Souad. Journal of Asset Management, Oct2006 , OR-8 The Incremental Benefits of a Forensic Accounting Course on Skepticism and Fraud-Related Judgments. By: Carpenter, Tina D.; Durtschi, Cindy; Gaynor, Lisa Milici. Issues in Accounting Education, Feb201 , OR-9 Incorporating Forensic Accounting and Litigation Advisory Services Into the Classroom. By: Heitger, Lester E.; Heitger, Dan L.. Issues in Accounting Education, Nov2008, Vol. 23 Issue 4, p561-572, 12 , Relevant Websites Sr No (Web address) (only if relevant to the course) Salient Features RW-1 http://search.proquest.com/pqcentral/index Proquest Database: Research content, articles, reports & thesis etc on contemporary issues. RW-2 http://www.icai.org/ Website of regulatory authority of accounting in India.

RW-3 RW-4 RW-5 RW-6 RW-7

http://www.accountingcoach.com/online-accountingcourse/ 60Xpg01.html http://www.accountingcoach.com/online-accounting-course/01Xpg01.html www.informationforaccountants.com/rate_of_return_calculator .html http://www.icmrindia.org/casestudies/catalogue/Corporate %20Governance/CGOX012.htm http://managementaccounting. bestmanagementarticles.com/a-403managementaccounting. aspx

Accounting basics Videos on finance Rate of return Finance Case studies Article on Management Accounting

LTP week distribution: (LTP Weeks) Weeks before MTE Weeks After MTE Spill Over 7 6 2

Detailed Plan For Lectures

Week Number Week 1 Lecture Number Lecture 1 Lecture 2 Lecture 3 Week 2 Lecture 4 Lecture 5 Lecture 6 Week 3 Lecture 7 Lecture 8 Lecture 9 Week 4 Lecture 10 Lecture 11 Lecture 12 Week 5 Lecture 13 Lecture 14 Lecture 15 Week 6 Lecture 16 Lecture 17 Lecture 18 Broad Topic(Sub Topic) Emergence of accounting standards(Introduction and nature Emergence of accounting standards(Merits and Standard Emergence of accounting standards(Enforcement of standards Emergence of accounting standards(Procedure for issuing an Emergence of accounting standards(Accounting standard Depreciation accounting(Introduction, Causes, Depreciation accounting(Accounting Standard 6) accounting(Factors Depreciation influencing Accounting the for selection Human of Resource(Introduction Accounting for Humanand Need) Resource(Objectives and Accounting for Human Resource(Limitation and Human Accounting for Human Resource(Human Resource Accounting for Leases(Introduction with Types of Leasing) Accounting for Leases(Advantages and Limitations of Leasing for Accounting for Leases(Accounting Standard 19 for Leases(Financial Accounting evaluation from Lessor and Lessee's Accounting for Brand Equity(Need of Accounting for Brand Equity) Chapters/Sections of Other Readings, Text/reference T-1:Ch. 3books Relevant OR-2 R-2:Ch. 15 OR-3 T-1:Ch. 3 OR-2 R-2:Ch. T-1:Ch.15 3 R-2:Ch. 15 T-1:Ch. 3 R-1:Ch 4 T-1:Ch. 3 R-1:Ch 4 T-1:Ch. 3 R-1:Ch. 9 T-1:Ch. 3 R-1:Ch. 9 T-1:Ch. 3 R-1:Ch. 9 T-1:ch. 4 R-4:ch. 7 T-1:ch. 4 R-4:ch. 7 T-1:ch. 4 R-4:ch. 7 T-1:ch. 4 R-4:ch. 7 T-1:ch. 7 T-1:ch. 7 T-1:ch. 7 T-1:ch. 7 T-1:Ch. 10 RW-2 RW-5 OR-3 RW-2 OR-3 RW-2 OR-3 OR-2 OR-2 OR-2 Lecture Description Introduction and nature accounting standards Merits and Standard setting in India Enforcement of standards and Procedure for issuing an Accounting Accounting Standard standard interpretations and AS 1, Introduction, Causes, need Methods AS 6and related to depreciation accounting Factors influencing the selection of depreciation Introduction to HRA Objectives and Significance Limitation and Human Resource Accounting in Human Resource Accounting and Homework,Test,Review on current issues 1 Introduction of concept Learning Outcomes Explain nature of Accounting Understand standards the Pedagogical Tool Demonstration/ Case Discussion, case study

advantages the Analyse theand Reason Description, Case behind slow progress and Identify and understand Study the procedure Analyse the for AS Interpretation of ASs Assess the causes, need and methods of 6 and its Analyse the AS provisions with practical Analyse the practical use of depreciation Explain the meaning, need and purpose of of Explain the objectives HRA and Assess the shortcomings of HRA and reasons for Apply the practical aspect of HRA in Description Real life implications Description Practical examples of Description, Practical examples of Lecture, PPT, Description Description Live examples Description Live Live examples examples with discussions Description Practical examples

OR-2 RW-2 OR-4 OR-5 OR-4 OR-5 RW-1

Able to distinguish Discussion between capital and Advantages and Identify the benefits and Description Description, Discussion Limitations of Leasing for shortcoming of leasing Accounting Standard 19 Analyse the standard and Misconception about in the Financial evaluation from application Properly assess Descriptionand case Lessor and Lessees point evaluation of Need of Accounting for financial Identify and understand Brand Equity the need of Brand study Description, discussion

Week 7

Lecture 19 Lecture 20 Lecture 21

Accounting for Brand Equity(Objectives of Brand Equity Accounting for Brand Equity(Basics and Brand Equity Accounting) Accounting for Brand Equity(Types of Brands and Valuation Process) Corporate Financial Reporting(Introduction and Corporate Financial Reporting(Risk and Financial Reporting) Corporate Financial Reporting(Schedule VI) Corporate Financial Reporting(Cross border Corporate Financial Corporate Financial Reporting(User groups and Indian Corporate Annual Social accounting and Reporting(Introduction, Social accounting and Social Reporting(Features, need and Social accounting and Reporting(Scope Social Social accountingof and Reporting(Approaches Social accounting and of Social Reporting(Models of Social Social accounting and Reporting(Social Reporting Forensic Accounting and in India) Interim Reporting(Basics Forensic Accounting and of Forensic Interim Reporting(Role and Forensic Accounting and Interim Reporting(Essentials and Forensic Accounting and Interim Reporting(Introduction and Forensic Accounting and Interim Reporting(Objectives and Forensic Accounting and Interim Reporting(Suggestions Reporting for Management andto Reporting Levels of and Reporting and for Management Reporting Levels of and Reporting and for Management Reporting Levels of and Reporting and for Management Reporting Levels of and Reporting and for Management Reporting Levels of and Reporting and for Management Reporting and of Accounting forLevels Price Level Changes(Introduction and Need of Accounting for Price Level Changes(Effects of Changes Accounting for Price Level on Changes(Methods of Accounting for Accounting for Price Level Changes(FAS-33 Financial

T-1:Ch. 10 T-1:Ch. 10 T-1:Ch. 10

RW-5 RW-7

Objectives of Brand Equity Accounting Basics and Brand Equity Accounting Types of Brands and Valuation Process Introduction and Qualitative Features Risk and Financial Reporting Schedule VI related to CFR Cross border Corporate Financial Reporting User groups and Indian Corporate Annual Report Introduction, Social Corporate Reporting Features, need and benefits Social Scope ofof Social Responsibility Approaches of Reporting Social Accounting Models of Social

Assess the objectives and Description, discussion requirement Brand Evaluate the of practical applicability of brand Understand the valuation process of Description, discussion and case study

MID-TERM
T-1:Ch. 17 R-1:Ch. 12 T-1:Ch. 17 R-1:Ch. 12 T-1:Ch. 17 R-1:Ch. 12 T-1:Ch. 17 R-1:Ch. 12 T-1:Ch. 17 R-1:Ch. 12 T-1:Ch. 11 R-1:Ch. 13 T-1:Ch. 11 R-1:Ch. 13 T-1:Ch. 11 R-1:Ch. 13 T-1:Ch. 11 R-1:Ch. 13 T-1:Ch. 11 R-1:Ch. 13 T-1:Ch. 11 R-1:Ch. 13 T-1:Ch. 14 R-3:Ch. 1. Ch. T-1:Ch. 14 5 R-3:Ch. 1. Ch. T-1:Ch. 14 5 R-3:Ch. 1. Ch. T-1:Ch. 16 5 T-1:Ch. 16 T-1:Ch. 16 T-1:Ch. 18 T-1:Ch. 18 T-1:Ch. 19 T-1:Ch. 18 Ch. 19 T-1:Ch. 18 Ch. 19 T-1:Ch. 18 Ch. 19 T-1:Ch. 5 R-1:Ch. T-1:Ch.10 5 R-1:Ch. T-1:Ch.10 5 R-1:Ch. 10 T-1:Ch. 5 R-1:Ch. 10 OR-3 RW-2 OR-3 RW-1 RW-1 RW-4 OR-2 OR-3 OR-2 RW-2 OR-6 OR-7

Week 8

Lecture 22 Lecture 23

Comprehend and analyze Description, discussion the qualitative features Identify the risk factorsof and case study involved in reporting Demonstrate the presentation of CFR Analyse the cross border reporting Identify the user group and their needs Understand the for Social corporate reporting Identify the need and role of social accounting Assess the contents of social Apply accounting the various and its methods ofmodels social and Assess the Description Actual formats Description Real life examples Description Real life examples Description Practical examples Description Practical examples, Description, practical examples Description Formats and contents Description Formats and contents Description Practical examples Description, discussion

Lecture 24

Week 9

Lecture 25

Lecture 26 Lecture 27 Week 10 Lecture 28

OR-6 OR-7

Lecture 29 Lecture 30 Week 11 Lecture 31 Lecture 32 Lecture 33

OR-8 OR-9 OR-8 OR-9 OR-3 RW-2 RW-2 RW-4 OR-1 RW-1 OR-1 RW-2

Reporting Seidlers of social Social Reporting in Model India methods Comprehend the application of Social of Basics of Forensic Describe the concept Accounting Role and Functional Areas of Forensic Essentials and Forensic

Forensic Accounting presentation Understand assess theand and Description, discussion application forensic Analyse theof essentials Description, discussion Accounting in India and practices of forensic Introduction and meaning Explain and understand Description, practical of Interim Reporting examples Objectives and difficulties Interim Explain reporting the objectives Suggestions to improve Interim Reporting, AS 25 Introduction and concept and assess the to difficulties Suggest ways improve Description, Discussion Interim Reports and Understand the Description, Discussion Management reporting case study Describe the requisites of and Description, practical exapmples Description Practical example Description Practical example Description Practical example Description, Discussion, Description,live Description Description Practical example Description Practical problems Description, discussion

Week 12

Lecture 34

Lecture 35

Purpose of reporting and requisites of a good report a good report and its Levels of Management, Identify the levels of Reports and Top Management and their Reports and Middle Level Identify types of reports Management Reports and Lower Level Management Principles of a Good Reporting System Introduction and Need of Accounting for Price Effects of Changes on Financial Statements Methods of Accounting for Price Level Changes FAS33 Financial Reporting and Changing at various levels of at Know the flow report various of How to levels make a good

Lecture 36

Week 13

Lecture 37 Lecture 38

report and its proper Understand the need for accounting of Price level Assess the effects of price changes on Analyse the methods for price level changes and Analyse the standard application in Price level

Lecture 39

SPILL OVER

Week 14

Lecture 40 Lecture 41

T-1:Ch. 13 T-1:Ch. 28

Cash Flow accounting and Reporting ABC costing

Analyse the evaluation of Description cash flows position Practical example Analyse the flow of Description of costs in ABC Practical example

Scheme for CA:

Component Homework,Test,Review on current issues Frequency 2 Out Of 3 Total :Each Marks Total Marks 10 10 20 20

Details of Academic Task(s)

AT No. Objective Topic of the Academic Task Presentation on contemporary issues viz a viz. social accounting, environmental accounting, and Brand Equity Accounting, and All topics covered till 3rd week Nature of Academic Task (group/individuals/field work Group Individual Evaluation Mode Report Submission 15 Marks and performance in test (Test will beof ofreport 30 Preparation (Report will be Allottment / submission Week 6 / 11 3/4 4/7

Homework,Test,Re To assess the view on current conceptual Homework,Test,Re To assess the view on current Homework,Test,Re conceptual To assess the view on current conceptual

Report based on contemporary issues in accounting used in Individual corporates - Accounting Standards, Depreciation Accounting, HRA

Plan for Tutorial: (Please do not use these time slots for syllabus coverage)
Tutorial No. Lecture Topic Type of pedagogical tool(s) planned (case analysis,problem solving test,role play,business game etc) Discussion, presneation Dsicussion, presentation Problem solving,Discussion Discussion, presentation Problem solving,Discussion, presentation Discussion, presentation Problem solving,Discussion

Tutorial 1 Tutorial 2 Tutorial 3 Tutorial 4 Tutorial 5 Tutorial 6 Tutorial 7

Emergence of accounting standards- current practices Accounting standards- Discussion on presentation of financial statements - AS 1, AS 17 Depreciation accounting, discussion about problems in choosing a particular method of depreciation and Accounting for Human Resource, discussion about practical applicability in real life Review of Test -1 and Accounting for Leases- practical applicability in real life Accounting for Brand Equity- discussion of brand equity in corporates Doubt Clearing for MTE

After Mid-Term
Tutorial 8 Tutorial 9 Tutorial 10 Tutorial 11 Homework - 3 submission, Corporate Financial Reporting Group Presentation, Discussion Homework - 3 submission, Social accounting and Reporting Homework - 3 submission, Forensic Accounting and Interim Reporting Homework - 3 submission, Reporting for Management and Reporting and Levels of Management Group Presentation, Discussion Group Presentation, Discussion Group Presentation, Discussion

Tutorial 12 Tutorial 13

Accounting for Price Level Changes- real life applicability Discussion Doubt clearing for ETE Problem solving,Discussion

Credits 4

K T.;

ing Research,

2, p74- 83,

Vol. 20 Issue

i, Souad. Lisa Milici.

cation,

etc on

al Tool ation/ Case , case study

n, Case

n mplications n

xamples of n, xamples of PT,

n n ples n

ples ples with

n xamples

n n, Discussion

nand case

n, discussion

n, discussion

n, discussion udy

n, discussion udy

n mats n xamples n

xamples n xamples n

xamples, n, practical

n d contents n

d contents n xamples n, discussion

ation n, discussion

n, discussion

n, practical

n, Discussion

n, Discussion udy n, practical

n xample n

xample n xample n,

, live n, n n

xample n roblems n, discussion

n xample n

xample

ttment / sion Week

6 / 11

3/4

4/7

etc)