FINANCIAL ACCOUNTING

Objective: To impart elementary knowledge of Accounting among the students:

UNIT – I

Introduction: Financial Accounting – Meaning Definition – objectives – importance – users of Accounting Information – Generally Accepted Accounting Principles [GAAP] – Concepts and Conventions. [Threory].

UNIT – II

Double Accounting: Classification of Accounts – Preparation of Journal – Preparation of Ledger – Subsidiary Books – preparation of Single, Double, triple column Cash Books. [Threory and Problems]

UNIT – III

Financial Statements: Need of Final Accounts – preparation of Trading Account – Profit and Loss Account and Balance Sheet with Adjustments [Problems].

UNIT – IV

Depreciation: Meaning Causes of Depreciation – Important Factors in the measurement of depreciation – methods of depreciation (Theory) – Straight Line Method and Diminishing Balance Method (Problems)

UNIT – V

Computerised Accounting: Its Features – Advantages – difference between Mannual Accounting System Vs Computerised Accounting System – Introduction to Tally – Creation of a Company – uses of Button – Creation of Groups – Ledger Accounts – Voucher – Creation of Inventory Based Accounts.

Recommended Books

1. Dr.Sakshi Vasudeva, Accounting for Business Managers, , Himalaya Publishing House.

2. Gupta RL and Radhaswamy M, Advanced Accountancy, Sultan Chand3. Maheswari S.N. Advanced Accountancy, Vikas Publishing Company.

WORKING CAPITAL MANAGEMENT

UNIT – I

Working Capital Management: Meaning – Definition – Need – Components of Working Capital – Classification of Working Capital – Dis-advantages of Excess or Inadequate working capital – Determinants of Working Capital requirements [Theory and Problems].

UNIT – II

Source of Working Capital: Working Capital Finance by Commercial Banks – Determining the Working Capital Financing Mix – Working Capital Analysis.

UNIT – III

Cash Management: Meaning – Methods of Accelerating Cash Inflows – Methods of slowing cash outflows – Determining optimum Cash Balance – Cash Management Models – William J Baumol’s Model, Miller Orr Model (Theory and Problems).

UNIT – IV

Receivables Management: Meaning – Objectives – Factors influencing the size of Receivables – Dimensions of Receivables Management (Problems and Theory).

UNIT – V

Inventory Management: Types of Inventories – objectives – Tools and Techniques of Inventory management – Valuation of Inventories – FIFO – LIFO –Simple Average – Weighted Average – Factoring (Problems and Theory).

Recommended Books

1. I M Pondey, Financial Management, Vikas Publications2. Sharma and Shashi K Gupta, Financial Management Theory and Practice, Kalyani

Publishers.3. MY Khan and Jain PK, Financial Management, MCGraw-Hill.

ENTREPRENEURSHIP

UNIT – I

Entrepreneur: Evolution of the concept of Entrepreneur – Types, characterstics of an Entrepreneur – Functions of Entrepreneur – distinction between an Entrepreneur and Manager – Entrepreneur Vs. Inventors – International Vs. Domestic Entrepreneurship.

UNIT – II

Entrepreneurship: Concept of Entrepreneurship – Entrepreneurial Process – Intrapreneurship – Growth of Entrepreneurship in India – Role of Entrepreneurship in Economic Development.

UNIT – III

Women Entrepreneurship: Concept – Functions – Growth of Women Entrepreneurship in India – problems and Limitations of women Entrepreneurship.

UNIT – IV

Creativity and the Business Idea: Sources of New Ideas – Methods of Generating Ideas – Creative problem solving – Opportunity recognition – Product Planning and Development Process.

UNIT – V

Business Plan: Process of Bisiness Plan -Production and Operation Plan – Organisational Plan – Marketing Plan – Financial Plan.

Recommended Books

1. Robert, D., Hisrich, Michael P Peters – Dean A Shephered, Entrepreneurship, Mc-Graw Hill.

2. Dr.SS Khanka, Entrepreneurial Development, S.Chand3. Madhurima Lall, Shika Sahai, Entrepreneurship, Excel Books.

COMPANY LAW

UNIT – I

Companies Act, 1956: Introduction – Definition of a company – charcteristics of a company – Types of companies – distinction betwseen Pvt. Company and Public Company – Privileges of Private Company – Advantanges and Disadvantages of Company.

UNIT – II

Formation and Documents of a company: Promotion of a company – Incorporation – commencement of Business. Documents – Memorandum of Association – Meaning – Clauses – Alteration – Doctrine of Ultra–vires – Articles of Association – meaning – contents – alteration – distinction between memoradum of association and Articles of Association – Doctrine of Indoor Management – Prospectus – meaning – contents – effect of Omi9ssions and Mis-statements in a prospectus.

UNIT – III

Meetings and Proceedings: Statutory meeting – Annual General meeting – Extraordinary general meeting – power of the company law board to call meeting – class meetings – requisites of a valid meeting – proper authority – Notice – Ordinary and special business – quorum – chairman – Minutes of a meeting – Voting – Proxies – Representation of corporation in meetings.

UNIT – IV

Directors: Meaning - Number of directors – Appointment –qualifications of directors – dis-qualifications of directors – removal of directors - powers, duties and legal position of directors,

UNIT – V

Winding up: Meaning – modes of winding up – compulsory winding up – voluntary winding up – winding up subject to the supervision of the court – consequences of winding up.

Recommended Books

1. ND Kapoor, Elements of Mercantile Law, Sultan Chand2. KR Bulchandani Business law for Management HPH3. SS Gulshan, Business Law, Excell Books