FIRST SEMESTER SECOND SEMESTER Paper 1 Micro … of Commerce(Accounting) 1st to... · Management...

Bachelor of Commerce (Special track in accounting) Course content reflects the range and level of knowledge and skills required for an executive career in business with special focus on key business elements – accounting & finance with added emphasis on management and current information technology skills.

FIRST SEMESTER SECOND SEMESTER

Paper 1 Micro Economics Paper 1 Macro Economics

Paper 2 Fundamental of Accounting Paper 2 Financial Accounting

Paper 3 Business Management Paper 3 Organization Behaviour

Paper 4 Business Mathematics Paper 4 Business Environment

Paper 5 Computer Fundamentals - I Paper 5 Computer Fundamentals - II

Paper 6 Communication Skills - I Paper 6 Communication Skills - II

THIRD SEMESTER FOURTH SEMESTER

Paper 1 Business Law Paper 1 Management Accounting

Paper 2 Advance Business

Accounting Paper 2 Business Ethics

Paper 3 Auditing Paper 3 Indian Financial System

Paper 4 Marketing Management Paper 4 International Finance

Paper 5 Human Resource

Management Paper 5

Management Information

System

Paper 6 Business Statistics Paper 6 Research Methodology(tool &

Analysis)

FIFTH SEMESTER SIXTH SEMESTER

Paper 1 Corporate Accounting Paper 1 Business policy & Strategy

Paper 2 Direct taxes laws Paper 2 Advance Management

Accounting

Paper 3 Working Capital Management Paper 3 Indirect Tax laws

Paper 4 Financial Reporting Paper 4 Strategic Financial

Management

Paper 5 Financial Management Paper 5 Equity Research

Paper 6 E-Commerce Paper 6 Financial Services

Micro Economics

Unit –I

Introduction: - Meaning, Nature and Scope of Micro Economics, Basic Economic Problems.

Utility Analysis: - Law of Diminishing Marginal Utility, Equi-marginal utility.

Analysis of Demand: - Concept, Elasticity and their types, Determinants and Importance of

Elasticity of Demand

Supply Analysis: - Concept and Law of Supply, Factors Affecting Supply.

Unit –II

Laws of Returns: - Production Function in Short-Run and Long Run. Revenue Concepts -

Total Revenue, Marginal Revenue, Average Revenue and their relationship.

Cost Analysis: - Accounting Costs and Economic Costs, Short Run Cost Analysis: - Fixed,

Variable and Total Cost Curves, Average and Marginal Costs.

Unit –III

Pricing Under Various Market Conditions: - Perfect Competition - Equilibrium of Firm and

Industry under Perfect Competition. Monopoly: - Price Determination. Monopolistic

Competition: - Price and Output Determination under Monopolistic Competition.

Unit –IV

Rent: Concept, Meaning, Types, Theories of Rent – Classical and Modern; Quasi Rent;

Wages: Meaning, Kinds and Theories; Interest: Concept, Gross and Net Interest, Theories

of Interest: Classical, Neo – Classical, Liquidity Preference and Modern; Profit: Meaning,

Characteristics, Gross and Net Profit, Theories of Profit.

Suggested Readings/ Books:

1. Koutsoyiannis A (2008). Modern Microeconomics, Macmillan New Delhi.

2. Ahuja H.L. (2009). Advanced Economic Theory, S. Chand & Co., New Delhi.

Fundamentals of Accounting

Unit I

Theoretical Framework

(i) Meaning and Scope of accounting

(ii) Accounting Concepts, Principles and Conventions

(iii) Accounting Standards – concepts, objectives, benefits

(iv) Accounting Policies

(v) Accounting as a measurement discipline – valuation principles, accounting estimates

Unit II

Accounting Process - Books of Accounts leading to the preparation of Trial Balance,

Capital and revenue expenditures, Capital and revenue receipts, Contingent assets and

contingent liabilities, Fundamental errors

including rectifications thereof. Bank Reconciliation Statement

Unit III

Inventories- Basis of inventory valuation and record keeping. Depreciation accounting -

Methods, computation and accounting treatment of depreciation, Change in depreciation

methods.

Unit IV

Preparation of Final Accounts for Sole Proprietors

Accounting for Special Transactions

(a) Consignments

(b) Joint Ventures

(c) Bills of exchange and promissory notes

(d) Sale of goods on approval or return basis.


1. Sehgal, Ashok & Deepak (2010). Financial Accounting, Latest Edition Taxman‟s Allied Services.

2. Maheshwari, S. N. (2010). Financial Accounting, Latest Edition Vikas Publishing House.

Business Management

Unit I

Definition of Management – Science or Art – Management and Administration –

Development of Management Thought – Contribution of Taylor and Fayol – Functions of

Management – Types of Business Organisation.

PLANNING -Nature & Purpose – Steps involved in Planning – Objectives – Setting

Objectives – Process of Managing by Objectives – Strategies, Policies & Planning

Premises- Forecasting – Decision-making.

Unit II

ORGANISING -Nature and Purpose – Formal and informal organization – Organization

Chart – Structure and Process – Departmentation by difference strategies – Line and Staff

authority – Benefits and Limitations – De-Centralization and Delegation of Authority –

Staffing – Selection Process - Techniques – HRD – Managerial Effectiveness

Unit III

DIRECTING -Scope – Human Factors – Creativity and Innovation – Harmonizing

Objectives – Leadership – Types of Leadership Motivation – Hierarchy of needs –

Motivation theories – Motivational Techniques – Job Enrichment – Communication –

Process of Communication – Barriers and Breakdown – Effective Communication –

Electronic media in Communication.

Unit IV

CONTROLLING -System and process of Controlling – Requirements for effective control –

The Budget as Control Technique – Information Technology in Controlling – Use of

computers in handling the information – Productivity – Problems and Management –

Control of Overall Performance – Direct and Preventive Control – Reporting – The Global

Environment – Globalization and Liberalization – International Management and Global

theory of Management.


1. Harold Kooritz & Heinz Weihrich (1998). Essentials of Management, Tata McGraw

Hill.

2. Joseph L Massie (2003). Essentials of Management, Prentice Hall of India

Business Mathematics

Unit – I Progressions: Application of Arithmetic Progression and Geometric Progression. Arithmetic progressions finding the „n‟th term of an AP and also sum to „n‟ terms of an AP. Insertion of Arithmetic means in given terms of AP and representation of AP. Geometric progression: finding nth term of GP. Unit – II Interest Applications: Simple interest, compound interest including half yearly and quarterly calculation, Installment Purchases (Cost of Installment, Effective rates, amortization of a loan) Unit – III Percentage and Ratios’ Applications: Percents, Commissions, Discounts, e.g., bill discounting, mark up and concepts of Ratios. Unit – IV Interpolation: Binomial, Newton and Lagrange’s Method Corporate and Special Applications: Computation of the costs and proceeds of stock buy

and- sell; Computation of rates of yield and gains or losses on the purchase and sale of

stocks; Computation of gains and losses on convertible and callable bonds, annual interest,

accrued interest, and annual yield and computation of a rate of yield to maturity


1. P.R. Vittal (2008). Business Mathematics.

2. D.C. Sancheti and V.K. Kapoor (2007). Business Mathematics.

Computer Fundamentals

Unit-I

Introduction to Computer:-Definition, Characteristics.. Generation of Computers,

Capabilities and Limitations. Introduction to Operating System. Concept of Bios, Booting

Files. Basic Components of a Computer System-Control Unit, ALU, Input/output functions

and characteristics. Memory Introduction, Classifications- Volatile Memory and Non-

Volatile , Flash Memory, ROM, RAM, EPROM, PROM, EEPROM other types of memory.

Unit-II

Input, Output and storage Units:-Computer Keyboard, Pointing Devices: Mouse, Trackball,

Touch Panel, and Joystick, Light Pen, Scanners, Various types of Monitors, Touch-

sensitive screens, Optical Recognition System, Pen based systems, Digitizers, MICR,

OCR, OMR, Bar-code Reader, digital camera.

Hard Copy Devices:- Impact and Non- Impact Printers- Daisy Wheel, Dot Matrix, Line

Printer, Chain Printer, Comb Printers, Non Impact Printers- DeskJet, Laser Printer, Thermal

Transfer Printer, Barcode Printers, Electro static printers and plotters.

Unit-III

High Level Language and Low Level Language, Software and its different types- System

Software, Application software. Hardware , Firmware, , Compiler, Interpreter and

Assembler. File Allocation Table ( FAT , FAT 32 & NTFS). Introduction to algorithm and

Flow chart: - Representation of an algorithm, flowchart symbols and levels of flow chart,

rules, advantage and limitations of flowchart and pseudo code.

Unit-IV

Testing and Debugging:-Definition of testing and debugging , types of program errors,

testing of programs, debugging a program for syntax and logical errors, difference between

testing and debugging. Booting process details of Dos and Windows:- DOS system files ,

Internal and External Commands , Difference between External and Internal Commands.

Internal Commands:- MD, CD, RD, COPY CON, TYPE, DATE & TIME, VOLUME

VERSION, REN, PROMPT, CLS, DIR/P/W, COPY , DEL Etc. External commands:-

FORMAT , DISKCOPY, DISKCOMP, XCOPY, CHKDISK, SCANDISK, HELP, DEBUG,

PRINT etc.


1. P.K. Sinha (2006). Computer Fundamentals.

2. Naveen Prakash (2009). Introduction to Database Management.

Communication skills-1

Unit 1

Communication, Its types & Significance: Communication; process of communication; its kinds, channels and role in the society.

Unit 2

Reading Skills: Process of reading; reading purposes, models, strategies, methodologies; reading activities, structure of meaning techniques.

Unit 3

Writing Skills: Elements of effective writing; writing styles; scientific and technical writing.

Unit 4

Grammar: Transformation of sentences; words used as different parts of speech; one word substitution; abbreviations, technical terms etc.


1. Vandana R Singh (2005). The Written Word, Oxford University Press, New Delhi.

2. K. K. Ramchandran (2008). Business Communication, Macmillan, New Delhi.

Macroeconomics

Unit I Classical Theory of Employment: Say‟s Law of Market,Keynesian Theory of Employment,National Income: Concept and Constituents, measurement, difficulties and importance. Unit II Consumption Function, Psychological Law of Consumption Function ,Investment : Types, Factors, Determining Investment,Multiplier: Static and Dynamic, Limitations, Leakages and Importance. Unit III Marginal efficiency of Capital, prospective yield, determinants and importance,Trade Cycle : Theories, Measures to control trade cycles Unit lV Monetary Policy: Constituents, objectives and role in economic development,Fiscal Policy: Constituents, objectives and role in economic development,Inflation: Types, stagflation (Philip‟s curve), Theories of Demand Pull and Cost Push inflation causes, effects and measures to control inflation.


1. Koutsoyiannis A. (1999). Modern Microeconomics: Macmillan New Delhi.

2. Ahuja H.L. (2010). Advance Economic Theory:.; S.Chand & Co., New Dehli.

Financial Accounting Unit I

Single Entry System, Accounts of Non- Profit Organizations; Insolvency Accounts.

Unit II

Royalty Accounts, Hire Purchase and installment system; Consignment and Joint-Venture.

Unit III

Partnership Accounts: Fixed and Fluctuating Capitals; Interest on Capital; Interest on

Drawing; Past Adjustments and Guarantee.

Unit IV

Partnership Accounts: Admission, retirement and death of a partner; Dissolution of a

partnership firm (excluding Garner v/s Murray, Gradual Realization and Piecemeal

Distribution).


1. Sehgal, Ashok & Deepak ( 2 0 0 7 ) . Financial Accounting, Taxman‟s Allied

Services. 2. Maheshwari, S. N. ( 2 0 0 9 ) . Financial Accounting, Vikas Publishing House.

Organizational Behavior UNIT I : Introduction-Concept, Nature of Organizational Behavior, Need on integrated approach to study behavior, Significance of Organisational Behavior for Managers. UNIT II : a) Perception:- Meaning, Definition, Significance of Perception for understanding Human Behavior.b) Learning:- Nature, Types of Learning, Principles of learning, Factors in human Learning. c) Attitude:- Meaning and concept of Attitude, Significance of Attitude for understanding Human Behavior. UNIT III : a) Motivation:- Motivation and Goal Directed Nature of Human Behavior,concept of Motivation, Importance of Motivation, Theories of Motivation. b) Personality:- Concept, factors influencing Personality, Theory of Personality. c) Communication: Process, Barriers, How to make communication effective.

UNIT IV : Social Behavior-Definitions, Properties of a Group, Group & Human Behavior, and Why People join Groups, Types of Groups, Group Cohesiveness. Influencing Human Behavior-Techniques of Influence-Power & Politics, Leadership as an Influence Process, Organisational Change and Organisational effectiveness. Suggested Readings/ Books:

1. Stephans Robbins (2001). Organisational Behavior, Prentice Hall of India.

2. Fred Luthans (1998).Organisational Behavior, McGraw Hill Books Co.

Business Environment UNIT I: Indian Business Environment : Concept, components and importance. Economic Trends : Income; Savings and investment; Industry; Trade and Balance of Payments,Money ; Finance ; Prices. UNIT II : Problems of Growth : Unemployment; Poverty; Regional imbalances; Social injustice; Inflation,Parallel economy; Industrial sickness.Role of Government : Monetary and fiscal policy; Industrial licensing, Privatization; Devaluation;Export-import policy; Regulation of foreign investment; Collaborations in the light of recent changes. UNIT III : Industrial Pollicy : Industrial Policies since Independence, New Industrial Policy and its Effect. The Current Five Year Plan : Major policies; Resource allocation. UNIT IV : International Environment : International trading environment; Trends in world trade and the problems of developing countries; Foreign trade and economic growth; International economic groupings; International economic institutions – GATT, WTO, UNCTAD, World Bank, IMF; GSP; GSTP.Major Industry Associations : FICCI, CII, ASSOCHAM, PHDCCI, Role of Industry Associations. Suggested Readings/ Books:

1. Sundaram & Black (2003). The International Business Environment; Prentice Hall Of

India

2. Dutt R and Sundharam KPM (2010). Indian Economy; S. Chand & Co.

3. Misra SK and Puri VK (2010). Indian Economy; Himalaya Publishing House.

Computers Fundamentals-II UNIT I Internet Access:

Introduction to www, internet and intranet

Creation of e-mail address Send and receive messages

Use of search engines

Delivering information with Microsoft Mail

Use of MS-Outlook/ Outlook Express UNIT II Communication: The Electronic Web; Network Application: voice, information

services, Internet Chat, Group chat, Voice over Internet Protocol: voice conference,

Video conferencing. Computer Network & Communication: Network types,

Network topologies, Network

Communication Devices, Physical Communication Media, Network Protocol (TCP/IP). UNIT II Application of IT: Busniess, Educational, Decision Suporot System,

Inventory, etc. Introduction to ERP, CRM, , DBMS.

Internet : Different application of internet for Business. E-commerce and its models.

UNIT IV

Basic Concepts: Entities & their attributes, advantages & disadvantages of DBMS.

Introduction to RDBMS

Data Models: The hierarchical model, the network model & the relational model. Data Protection: Recovery, concurrency, security &integrity.


1. P.K. Sinha (2008). Computer Fundamentals. 2. Naveen Prakash (2009). Introduction to Database Management, TMH. 3. Leon & Leon (2008) Internet for Everyone.

Communications Skills -II Unit I Business Communication – meaning & importance. Defining Communication,

Purpose, Process, elements, difficulties in communication, and conditions for successful

communication. Basic forms of Communication, Barriers to effective

communication, basic models & communication, 7C‟s of for effective business

communication

Unit II Organizational Communication: Importance of communication in management,

Formal and Informal Communication, Grapevine and how to handle it. Developing

positive personal attitudes, Communication training for managers, Communication

structure in an organization,Corporate Communication, PR skills

Unit III Presentation Skills: Presentation on any chosen topic, oral presentations, principles

of oral presentations, factors affecting presentations, sales presentation.

Unit IV Business Etiquette: Understanding etiquette, Cross-cultural etiquette, Business

manners, Business to business etiquette.

Effective customer care. Suggested Readings/ Books:

Chaturvedi, P.D.; Chaturvedi, Mukesh (2004). Business Communication:, Pearson Education.

Business Laws

UNIT I

The Indian Contract Act, 1872

UNIT II

The Negotiable Instruments Act, 1881

The Payment of Bonus Act, 1965

UNIT III

The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952

The Payment of Gratuity Act, 1972.

UNIT IV

The Companies Act, 1956 – Sections 1 to 197

(a) Preliminary,(b) Board of Company Law Administration - National Company Law

Tribunal; Appellate Tribunal,(c) Incorporation of company and matters incidental thereto

(d) Prospectus and allotment, and other matters relating to use of shares or debentures,(e)

Share capital and debentures,(f) Registration of charges,(g) Management and

administration – general provisions – registered office and name, restrictions on

commencement of business, registers of members and debentures holders, foreign

registers of members or debenture holders, annual returns, general provisions regarding

registers and returns, meetings and proceedings.(h) Company Law in a computerized

environment – e-filing.


1. N D Kapoor (2005). Elements of Mercantile Law-Sultan Chand.

2. Akhileshwar Pathak (2003). Legal Aspects of Business, 3rd Edition, TMH.

Advanced Accounting

UNIT I

Accounting Standards

AS 4 : Contingencies and Events occurring after the Balance Sheet Date,AS 5 : Net Profit

or Loss for the Period, Prior Period Items and Changes in Accounting Policies,AS 11: The

Effects of Changes in Foreign Exchange Rates (Revised 2003),AS 12: Accounting for

Government Grants,AS 16: Borrowing Costs,AS 19: Leases,AS 20: Earnings Per Share,AS

26: Intangible Assets,AS 29: Provisions, Contingent Liabilities and Contingent Assets.

UNIT II

Advanced Issues in Partnership Accounts:Dissolution of partnership firms including

piecemeal distribution of assets; Amalgamation of partnershipfirms; Conversion into a

company and Sale to a company.

UNIT II

Preparation of Final Accounts of Company in accordance with company law 1956 .

UNIT IV

Accounting for Special Transactions

Departmental and branch accounts including foreign branches


1. M.C. Shukla, T.S. Grewal & S.C. Gupta (2010). Advanced Accounts, S. Chand &

Company Ltd., New Delhi.

2. R.L. Gupta and M. Radhaswamy (2009). Advanced Accounting Vol. 1,11,111, IV ,S.

Chand & Sons, New Delhi.

Auditing

UNIT I

Auditing Concepts – Nature and limitations of Auditing, Basic Principles governing an audit, Ethical principles and concept of Auditor’s Independence, Relationship of auditing with other disciplines..Auditing engagement – Audit planning, Audit programme, Control of quality of audit work–Delegation and supervision of audit work. Documentation – Audit working papers, Audit files: Permanent and current audit files, Ownership and custody of working papers. Audit Evidence. UNIT II

Internal Control – Elements of internal control, Review and documentation, Evaluation of internal control system, Internal control questionnaire, Internal control check list, Tests of control, Application of concept of materiality and audit risk, Concept of internal audit. Internal Control and Computerized Environment, Approaches to Auditing in Computerized Environment. Audit Sampling. Analytical review procedures. Audit of payments – General considerations, Wages, Capital expenditure, Other payments and expenses,Petty cash payments, Bank payments, Bank reconciliation. UNIT III

Audit of receipts – General considerations, Cash sales, Receipts from debtors, Other Receipts.Audit of Purchases .Audit of Sales.Audit of suppliers’ ledger and the debtors’ ledger – Self-balancing and the sectional balancing system,Total or control accounts, Confirmatory statements from credit customers and suppliers, Provision for bad and doubtful debts, Writing off of bad debts.Audit of impersonal ledger –, Distinction between reserves and provisions, Implications of change in the basis of accounting. UNIT IV

Audit of assets and liabilities.Company Audit – Audit of Shares, Qualifications and Disqualifications of Auditors, Appointment of auditors, Removal of auditors, Powers and duties of auditors, Branch audit, Joint audit, Special audit,Reporting requirements under the Companies Act, 1956.Audit Report – Qualifications, Disclaimers, Adverse opinion, Disclosures, Reports and certificates.Special points in audit of different types of undertakings, i.e., Educational institutions, Hotels, Clubs,Hospitals, Hire-purchase and leasing companies .Features and basic principles of government audit, Local bodies and not-for-profit organizations,Comptroller and Auditor General and its constitutional role. Suggested Readings/ Books:

1. Kamal Gupta & Ashok Arora (2008). Fundamentals of Auditing,Tata McGraw Hill .

2. Emily Woolf (2005). Auditing Today, Prentice Hall.

Marketing Management UNIT I

Introduction : Nature and scope of marketing; Importance of marketing as a business function and in the economy; Marketing concepts – traditional and modern; Selling vs. marketing; Marketing mix; Marketing environment. UNIT II

Consumer Behaviour and Market Segmentation: Nature, scope and significance of consumer behaviour; Market segmentation – concepts and importance; Bases for market segmentation. Product: Concept of product, consumer, and industrial goods; Product planning and development; Packaging – role and functions; Brand name and tade mark; after sales service; Product life cycle concept. UNIT III

Price: Importance of price in the marketing mix; Factors affecting price of a product/service; Discounts and rebates. Distributions Channels and Physical Distribution: Distribution channels – concept and role; Types of distribution channels; Factors affecting choice of a distribution channel; Retailer and wholesaler; Physical distribution of goods; Transportation; Warehousing; Inventory control; Order processing. UNIT IV

Promotion : Methods of promotion; Optimum promotion mix; Advertising media – their relative merits and limitations; Characteristics of an effective advertisement; Personal selling; Selling as a career; Classification of a successful sales person; Functions of salesman.


1. Kotler Philip and Armstrong Gary (1999). Principles of Marketing; Pearson Education

2. Arun Kumar (2005). Marketing Management, Vikas Publications.

Human Resource Management UNIT I

Human Resource Management – Overview : Scope & Coverage of HRM, Development of HR Functions, Structure and Function of HR Manager, Role of Line Managers in Managing Human Resources. UNIT II

Human Resource Planning : Need for HR Planning Assessment of available HR in the Organization,Work load Analysis, Manning Norms, Demand Analysis of Future Requirement of HR, HR Policy. UNIT III

3. Employment Administration : Recruitment & Selection of HR – Methods and Processes; Training &Development of HR – Types and Techniques; Performance Appraisal – Instruments and Administration; Discipline & Grievance Handling; Wage & Salary Administration. UNIT IV

Industrial Relations in India : Concepts, Theory, Approaches, Context of IR; Growth and Structure of Trade Unionism, Trends in Industrial Disputes; Industrial Disputes Settlement Machinery under ID Act, Collective Bargaining; Worker’s Participation in Management; Labour Welfare. Suggested Readings/ Books:

1. V.S.P. Rao (2007). Human Resource Management, Excel Books.

2. C.S. Venkata Ratnam & B.K. Srivastava (2006). Personnel Management and

Industrial Relations, Tata McGraw Hill.

Business Statistics

UNIT I

Introduction: Definition, scope, functions and limitations of Statistics; Statistical

Data:Meaning and types, Collection, classification and presentation of data.

UNIT II Analysis

of Data: Construction of a frequency distribution; concept of central tendency-

mean,median, mode, geometric mean and harmonic mean. Dispersion- measures of dispersion, Lorenz Curve; Moments; Measures of Skewness and Kurtosis.

Unit III

Correlation –Types of Correlation, measurement of correlation (Karl Pearson‟s and

Rank Correlation Method) Simple Regression –meaning and regression equations. Relationship between

correlation and regression

Unit IV

Analysis of Time series-Components of a time series. Importance of Time Series,

Methods of measurement of trend, semi average method, moving average method

and method of least square. Suggested Readings/ Books:

1. Sancheti, D.C. and Kapoor V.K. (2000). Statistics (Theory, Methods & Application),

Sultan Chand & Sons, Delhi.

2. Hooda, R.P. (2002). Introduction to Statistics: Macmillan, New Delhi.

Management Accounting

UNIT III

Introduction to cost accounting-Objectives and scope of cost accounting, cost centres and

cost units, cost classification for stock valuation, profit measurement, decision making and

control. Relationship of cost accounting, financial accounting, management accounting and

financial management.

UNIT II

Cost Ascertainment-(a) Material Cost-Procurement procedures - store procedures and

documentation in respect of receipts and issue of stock, stock verification-Inventory control

- techniques of fixing of minimum, maximum and reorder levels, economic order quantity,

ABC classification; stocktaking and perpetual inventory-Inventory accounting

(b) Employee Cost-Attendance and payroll procedures, overview of statutory

requirements, overtime, idle time and incentives, labour turnover, utilisation of labour, direct

and indirect labour, charging of labour cost, identifying labour hours with work orders or

batches or capital jobs. Remuneration systems and incentive schemes. Overheads-

Functional analysis – factory, administration, selling, distribution, research and

development. Behavioural analysis – fixed, variable, semi variable and step cost of sales

promotion. Reconciliation of cost and financial accounts.

UNIT III

Costing Systems-Job Costing, Batch Costing, Contract Costing, Process Costing,

Operating Costing System.

UNIT IV

Various types of standards, setting of standards, basic concepts of material and labour

standards and variance analysis. Budgets and Budgetary Control-The budget manual,

preparation and monitoring procedures, budget variances, flexible budget, preparation of

functional budget for operating and non-operating functions, cash budget, master budget,

principal budget factors.


1. Maheshvari S.N. (2003). Principles of management accounting, Sultan Chand.

2. Pandey I.M. (2004). Management accounting, Vikas publishing house.

Business Ethics

UNIT I

Business Ethics: Nature, scope and purpose of ethics; Relevance of values; Importance of

Ethics & Moral standards; Ethics & Moral Decision Making.

UNIT II

Corporate Social Responsibility: Nature, Scope & Importance; Corporate Governance:

Concept, Importance for Industry.

UNIT III

Ethical Issues related with Advertisements, Finance, Investment, Technology; Secular

versus Spiritual Values in Management; Work ethics: concept of Swadhrama.

UNIT IV

Gandhian approach in Management & Trusteeship: Gandhiji’s doctrine of Satya & Ahinsa,

Concept, importance & relevance of Trusteeship principle in modern business. Indian

Ethos: Need, purpose & relevance of Indian Ethos; Salient feature

(Brain Stilling, Total Quality Mind, Intuition, Intellectual rational brain V/s Holistic-Spiritual

Brain) Holistic Approach for Managers in Decision Making.


1. Fernando (2006). Business Ethics, Pearson Publication.

International Finance

UNIT I

International Financial Management - Importance, Nature, Nature and scope

of IFM, Role of World Bank .

UNIT II

Foreign Exchange Market- Distinctive features, Major participants, Spot Market, forward

Market, Currency futures and Currency forward contract.

UNIT III

Foreign Exchange Exposure Management - Euro Issue Vs Euro Dollar

- Need for Exchange Rate forecasts, Techniques of forecasting

- Nature and Measurement of Foreign Exchange Exposure

- Management of Foreign Exchange Exposure

UNIT IV

International Investment Decision- Theories of Foreign Direct Investments,

International Capital Budgeting - Computation of Cash Flow, Cost of Capital, International

Financing Decision – Overview of International Financial Market, International Financial

Market Instruments - Equities, Bond etc., Financial Swaps -Interest rate Swap, Currency

Swap, Equity Swap.


1. Mauries D. Levi (2004). International Finance ,THM, New Delhi

2. V. A. Avadhani (2007). International Finance Theory and practice : Himalaya P H.

Indian Financial System

UNIT I

Financial System- An overview of the Indian financial System. Definition, Introduction,

Significance and its relationship with economic development. The constituents, structure

and features of Indian financial system. Recent developments

UNIT II

Financial markets- Concept, Features, Functions, Structure, types, role of financial markets

in economic development.

UNIT III

Major Indian financial institutions- IDBI, IFCI, ICICI, IRCI & SFC’s management,working,

operations and performance and recent developments, Concept of Universal Banking.

Investment Bankers: UTI, LIC, GIC, and mutual funds and their role,performance and

recent developments.

UNIT IV

New issue markets: Nature, features, functions, methods of new issue, Secondary markets:

Nature, features, functions, role of stock markets, stock exchanges, OTCEI, NSE, recent

developments and SEBI guidelines.Non-banking financial institutions: Objectives,

functioning, Regulations and recent developments, Role of Commercial Banks in industrial

finance and RRBs.


1. M.Y. Khan (2007). Indian Financial Theory and Practice

2. R.M. Srivastava (2005). Management of Indian Financial Institutions

Management Information Systems

UNIT I

Introduction: Concept, evolution and meaning of MIS; Information system for competitive

advantage; Systems approach to problem solving; Challenges in the development of MIS,

MIS function in an organization. Information and Managerial Effectiveness; Information

systems for finance, marketing, manufacturing, research and development and human

resource areas.

UNIT II

Information systems and their role in business systems, changing role of information

systems, users of information systems; Types of information systems; Procurement options

and outsourcing information system services. System Development Life Cycle : Sequential

Process of software development; Computer Aided Software Engineering (CASE); Tools

and the modular approach to software development; Information system audit.

UNIT III

Development and Management of Data Bases : Relation databases; Data Base

Management Systems (DBMS) and their components; Concept of entity and relationships;

Data dictionary, SQL and other related concepts in DBMS; Normalisation process.Data

Communication and Networking : Uses of computer networks, types of networks, network

topologies; Network media and hardware; Data communication over telephone, Intranets

and collaborative processing.

UNIT IV

Implementation, Evaluation and Maintenance of System : Methods and steps in

implementation of system; Approaches and process of evaluating MIS.Security Issues

Relating to Information Systems : Threats to information systems; Vulnerability, risk and

control measures.


1. Arora & Bhatia (2005). Management Information Systems, Excel Books.

2. O’Brien James (2009). Management Information Systems, Tata-McGraw Hill.

3. Kumar, Muneesh (2005). Business Information Systems, Vikas Publishing House.

Research Methodology

UNIT I

Research : Meaning types fundamental/ applied Approaches : Historical /

Experimental / Exploratory Methodology.Research Process : Selection and identification of

research problem etc.Hypotheses : Meaning and formulation : Investigation .Research

design :Meaning types, essentials.

UNIT III

Data : Types, methods of collection observation interview, schedule /questionnaire.

Survey : Meaning procedure, Types questionnaire survey / interview ,survey, steps and

problems of survey methods.

UNIT III

Case Study: Meaning, assumptions procedure, merits and limitation.

Source of Social Science Information, Problems encountered by researches in India.

UNIT IV

Research Report: General Principles and Practice. Layout of Research Report, Types of

Reports, Mechanics of writing Research Report. Preliminary and Reference section.


1. Rujit Kumar (200). Research Methodology, Sage.

2. Robert B. Burns (2004). Introduction to Research Methods, Sage.

Corporate Accounting

UNIT I

Issue of shares, forfeiture and Re-issue of forfeited shares – Issue of debentures – Redemption

of preference shares and debentures.

UNIT II

Amalgamation, Absorption and external reconstruction – Internal reconstruction different methods

of purchase consideration – liquidation of a company – liquidators final statement of account only

UNIT III

Accounts of Holding company – preparation of consolidated balance sheet (Excluding inter

company holdings).

UNIT IV

Accounts of banking company (New format) Accounts of Insurance company – Fire and marine

insurance only.


1. R.L. Gupta and Radhasamy (2008). Advanced Accounting – Sultan Chand & Sons.

2. Dr. S. Ganesan & S.R. Kalavathi (2004). Corporate Accounting, Thirumalai Publications.

Direct Taxes

UNIT I

Basic concept: Income - agricultural income – person – assessee – assessment year -

previous year - gross total income - total income - maximum marginal rate of tax -

Residential status - Scope of total income on the basis of residential status -Exempted

income under section 10.

UNIT II

Computation of income under different heads: Salaries – Allowances –Perquisites – Profit

in lieu of salary – Gratuity – Pension - Income from house property: Annual Value of House

property – Computation under different circumstances – Deduction from annual value.

UNIT III

Profits and gains of business or profession: Definition - Computation –Allowable expenses

and not allowable expenses – General deductions – Provisions relating to Depreciation.

Capital gains: Definition of Capital Assets – Long term and Short term –Transfers – Cost of

acquisition – Cost of improvement – Exempted Capital gains. Income from other sources:

Definition - Computation – Grossing up – Deductions and other relevant provisions.

UNIT IV

Total income and tax computation: Income of other persons included in assessee total

income - Aggregation of income and set-off and carry forward of losses Deductions from

gross total income - Rebates and reliefs - Computation of total income of individuals and

firms - Tax liability of an individual and firm.


1. Dr. Vinod K. Singhania (2011). Direct Taxes – Law and Practice, Taxman

publication.

2. Dr. Mehrotra and Dr. Goyal (2011). Direct Taxes – Law and Practice, Sahitya

Bhavan.

Working Capital Management

Unit I

Introduction- Meaning of Working Capital, Types, Nature & Scope, Objective of

Working Capital Management, Factors determining the Working Capital Management.

Unit II

Working Capital Financing- Nature of Current Assets and Current liabilities,

Source of Working Capital Finance - Trade Credit, Short-Term Bank Finance, Public

Deposits, Commercial Papers, Factoring etc. Approaches to Working Capital Finance,

Liquidity and Profitability, New Leading System for Delivery Cash Credits, Working

Capital Analysis, Funds Flow Statements.

Unit III

Management of Cash- Need and Objectives of Cash Management, Cash

Forecasting and Budgets, Cash Models, Marketable Securities, Concept and Needs,

Investment in Marketable Securities & Strategies. Management of Receivable- Meaning,

Objective of Account Receivable Cost of maintaining Account Receivable, Factor

determining the size of Investment Credit Policy, Analysis and Control of Receivable.

Unit IV

Management Inventory- Mending, Benefit of Holding Inventories, Objectives of

Inventory Management, Essentials of Good Inventory Control System, Techniques of

Inventory Control, Factors determining, Optimum Investment in Inventory.


1. Bhalla, V.K. (2001). Working Capital Management: Text and Cases, Anmol, Delhi.

2. Scherr, F.C. (1989). Modern Working Capital Management, Prentice Hall.

Financial Reporting

Unit I

Accounting Standards, Accounting Standards Interpretations and Guidance Notes on

various accounting aspects issued by the ICAI and their applications.Overview of

International Accounting Standards (IAS)/International Financial Reporting Standards

(IFRS), Interpretations by International Financial Reporting Interpretation Committee

(IFRIC), Significant difference vis-a-vis Indian Accounting Standards.Understanding of US

GAAP,Applications of IFRS and US GAAP.

Unit II

Corporate Financial Reporting - Issues and problems with special reference to

published financial statements.

Accounting for Corporate Restructuring (including inter-company holdings,Accounting and

Reporting of Financial Instruments ,Meaning, recognition, derecognition and offset,

compound financial instruments,Measurement of financial instruments,Hedge

accounting,Disclosures

Unit III

Share based payments Meaning, Equity settled transactions, Transaction with employees

and non- employees Determination of fair value of equity instruments

Vesting conditions -Modification, cancellation and settlement Disclosures,Financial

Reporting by Mutual funds, Non-banking finance companies, Merchant bankers, Stock and

commodity market intermediaries.

Unit IV

Valuation of Tangible Fixed Assets, Valuation of Intangibles including Brand Valuation and

Valuation of Goodwill, Valuation of Liabilities, Valuation of Shares, Valuation of Business,

Developments in Financial Reporting, Value Added Statement, Human Resource

Reporting, Inflation Accounting


1. Bhabatosh Banerjee (2009). Regulation of Corporate Accounting and Reporting in

India, World press.

2. J. C. Van Horne (2007). Financial Management and Policy, Prentice Hall.

Financial Management

Unit I

Financial management: meaning, nature and scope of finance; financial goals: profit

maximization, wealth maximization; finance functions,- investment, financing and

dividend decisions.

Unit II

Capital budgeting: nature of investment decisions; investment evaluation criteria- net

present value, internal rate of return, profitability index, payback period, accounting

rate of return , NPV and IRR comparison; capital rationing; risk analysis in capital

budgeting.

Unit III

Working capital: meaning, significance and types of working capital; financing of

working capital; sources of working capital; management of inventory; management

of cash; management of account receivables; optimum credit policy; credit collection;

factoring service; various committee reports on bank finance; dimensions of working

capital management. Dividend decisions—Types of dividend- dividend models—principles

of dividend policy—practical aspects of dividend .

Unit IV

Capital structure theories: traditional and MM hypotheses; determining capital

structure in practice; Capital structure planning.

Cost of capital: meaning and significance of cost of capital; calculation of cost of

debt, preference capital, equity capital and retained earnings;

Operating and financial leverages; measurement of leverages; effects of operating and

financial leverages on profit.


1. Chandra, Prasanna (2009). Financial Management; Tata McGraw Hill, Delhi.

2. Pandey, I.M. (2010). Financial Management, Prentice Hall of India, New Delhi.

E-Commerce

UNIT I

Introduction to E- commerce : Meaning and concept – E- commerce v/s

Traditional Commerce- E- Business & E- Commerce – History of E- Commerce –

EDI – Importance , features & benefits of E- Commerce – Impacts, Challenges &

Limitations of E- Commerce – Supply chain management & E – Commerce – E –

Commerce infrastructure.

UNIT II

Business models of E – Commerce : Business to Business – Business to customers –

customers to customers - Business to Government – Business to employee – E –

Commerce strategy – Influencing factors of successful E- Commerce.

UNIT III

Electronic Payment system : Introduction – Online payment systems –prepaid and

postpaid payment systems – e- cash, e- cheque, Smart Card, Credit Card ,Debit Card,

Electronic purse – Security issues on electronic payment system –Solutions to security

issues – Biometrics – Types of biometrics. Legal and ethical issues in E- Commerce :

Security issues in E- Commerce- Regulatory frame work of E- commerce,


1. Turban, Efraim, David King et. (2002). Electronic Commerce: A Managerial

Perspective, Pearson Education Asia.

2. Rayport, Jeffrey F and Jaworksi, Bernard J (2003). Introduction to E-Commerce,

Tata McGraw Hill, New Delhi.

Business Policy & Strategy

UNIT I

Strategic Management - An Introduction - Evolution of business policy as a discipline - Concept of

strategic management - Characteristics of strategic management - Defining strategy.

UNIT II

Strategy formulation - Stakeholders in business - Vision, mission and purpose - Business

definition, objectives and goals - Environmental appraisal - Types of strategies - Guidelines for

crafting successful business strategies. Strategic analysis and choice - Environmental Threat and

Opportunity Profile (ETOP) - Organizational Capability Profile - Strategic Advantage Profile -

Corporate Portfolio Analysis - SWOT Analysis - Synergy - GAP Analysis - Porter's Five Forces

Model of competition .

UNIT III

Strategy implementation - Issues in implementation - Project implementation - Procedural

implementation - Resource Allocation - Budgets - Organization Structure - Matching structure and

strategy - Behavioural issues - Leadership style - Corporate culture - Values - Power - Social

responsibilities - Ethics - Building a capable organization - Functional issues - Functional plans

and policies - Financial, Marketing, Operations and Personnel plans and policies

UNIT IV

Strategy Evaluation - Importance - Symptoms of malfunctioning of strategy - Organization

anarchies - Operations Control and Strategic Control - Measurement of performance - Analyzing

variances - Role of organizational systems in evaluation,New Business Models and strategies for

Internet Economy . Cases in strategic management.


1. Azhar Kazmi (2002).Business Policy, PHI.

2. Arthur A. Thompson Jr. and A.J.Strickland (2004). Strategic Management, -

Concepts and Cases,TMH.

Advanced Management Accounting

UNIT I

Cost Management: Developments in the business environment; just in time; manufacturing

resources planning; (MRP); automated manufacturing; synchronous manufacturing and

back flush systems to reflect the importance of accurate bills of material and routings; world

class manufacturing; total quality management. Activity based approaches to management

and cost analysis. Analysis of common costs in manufacturing and service industry.

Techniques for profit improvement, cost reduction, and value analysis. Throughput

accounting. Target costing; cost ascertainment and pricing of products and services. Life

cycle costing. Shut down and divestment.

UNIT II

Cost Volume Profit Analysis: Relevant cost, product sales pricing and mix, limiting factors,

multiple scarce resource problems, decisions about alternatives such as make or buy,

selection of products, etc.

UNIT III

Pricing Decisions: pricing of a finished product, theory of price, pricing policy, principles of

product pricing, new product pricing, pricing strategies, pricing of services, pareto analysis.

UNIT IV

Transfer pricing, Objectives of transfer pricing, methods of transfer pricing. Conflict

between a division and a company, multi-national transfer pricing. Cost Management in

Service Sector. Uniform Costing and Inter firm comparison. Profitability analysis - Product

wise / segment wise / customer wise


1. S.N. Maheshwari (2003). Financial and cost Accounting. Sultan chand and sons.

2. E. Needlesbelverd, Powers Marian.et.al. (2001). Principles of Accounting. 7th

edition, Boston New York: Houghton Mifflin Company.

Indirect Tax Laws

UNIT I

Central Excise Act, 1944 and the related Rules, Circulars and Notifications; Central

ExciseTariff Act, 1985 and the related Rules.

UNIT II

Law relating to service tax as contained in the Finance Act, 1994 as amended from time to

time and the related Rules, Circulars and Notifications.

UNIT III

Issues related to Value Added Tax:

1. Backdrop for State-Level VAT in India

2. Taxonomy of VAT

3. Input tax credit, tax invoices

4. Small dealers and composition scheme

5. VAT procedures

6. VAT in relation to incentive schemes, works contract, lease transactions and hire

purchase transactions.

7. VAT and Central Sales Tax

UNIT IV

Customs Act, 1962 and the related Rules, Circulars and Notifications; Customs Tariff

Act,1975 and the related Rules.While covering the above laws, students should familiarize

themselves with the interrelationship of accounting with excise, customs and service tax

and also the ethical considerations involved in the compliance of these laws.


1. V.S. Datey (2011). Indirect Taxes - Law and Practice, Taxmann Publications, New Delhi.

2. V. Balachandran (2011). Indirect Taxes, Sultan Chand & Sons, New Delhi.

Strategic Financial Management

UNIT I

Strategic Financial Management- Concept, Strategy, Strategic Decision, Financial

Management in Strategic perspective, Nine S-model for the growth of managing an

undertakings, Financial Strategies for expansion, Diversification and divestment strategy for

assessing financial viability of an undertaking.

UNIT II

Corporate Restructuring- Concept, Scope, Symptoms for restructuring-operation,

Strategic, Financial market economy level and global symptom, Steps in restructuring

plan,Financial aspects of various restructuring purposes, Restructuring of a good

organization for a great organization.

UNIT III

Corporate Restructuring through Mergers- Concept, Characteristics, Types of

Mergers, Reasons for Merges, Evaluating of Mergers, Merger and Diversification Strategy

etc., Takeover and Takeover Code.

UNIT IV

Corporate Control- Purchase and Exchange of shares, Buy Back of Shares, Non

Voting Shares, Bonus shares, Corporate Governance and Financial Engineering.

Corporate Sickness- Concept of Sickness, Cause, Symptoms of Sickness, Predicting

Sickness, Formulating Revival Plans, Restructuring a Sick organization.


1. J.P. Jakhotiya (2004). Strategic Financial Management

Equity Research

UNIT I

Concept of Equity Research: Salient Features of Equity – Types of Equity –

Determination of return – risk & return – relevance of equity research in capital market in

India.

UNIT II

Macro Economic Environment, economic development, international economic

development, Globalization.

Industry Analysis: - Overview of Industrialization, Economic vs. industry analysis, SWOT

analysis on sectoral groups.

UNIT III

Company Analysis; financial statement analysis, forecasting – valuation models –

strategic analysis – current development in technology and regulatory environment.

Assess the risk exposure – problem of equity research.

UNIT IV

Technical analysis: - analysis of markets – efficient market hypothesis – types of chart

building a perspective on technical analysis; Dow’s theory – market indicators – analysis of

scrip’s.


1. Elton & Grover (2005). Modern Portfolio Theory and Investment Management -

Weley NY.

2. Barua, Raghunathan & Verma (2006). Portfolio Management – Tata McGraw Hill.

Financial Services

UNIT I

Concept- Introduction to Financial Services and their relevance in the new economic

order. Types, Scope and significance of financial services. Innovations & recent

developments in the field of Financial Services in India.

UNIT II

Lease Financing- Leasing: Concepts and types. Their legal, tax and accounting

aspects. Financial evaluation of lease structuring. Qualitative factors in lease decisions,

lease agreements, imports and cross border leasing. Hire Purchase agreements – types.

Difference between Hire Purchase and lease. Flat and effective rates of interests.

Regulation of leasing services.

UNIT III

Credit Rating- Concept, Agencies of credit rating – CRISIL, ICRA, FITCH and

CARE, Factoring Services – Factoring Services in India, types and its relevance.

Regulation of Factoring and Credit Rating services.

Unit IV: Commercial Paper Market in India- Growth and prospects in India, Merchant

Banking – Merchant Banking in India, Emerging trend and present scenario. Regulation of

merchant banking services. Miscellaneous Financial Services: Mutual Funds – Types of

Mutual funds, Performances and prospectus of mutual funds. Venture Capital – Concept,

Significance and its relevance.


1. Prof. M.Y. Khan (2007). Financial Services, Himalya Publishing House.

2. Basant Desai (2004). Indian Financial System, Himalaya Publishing House.

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