0

REGULATIONS

& SYLLABUS

MASTER OF COMMERCE (M.Com)

(DISTANCE MODE)

(Effective from the Academic Session 2018-19)

Directorate of Distance & Continuing Education

Fakir Mohan University Vyasa Vihar,Old Campus, Balasore – 756019

Phone: (06782) 241840 Web: www.fmuddce.org/www.fmuniversity.nic.in

1

MASTER OF COMMERCE (M.Com) DEGREE

REGULATIONS

The duration of M.Com course shall be two academic years spread over four

semesters. Each academic year shall have two semesters. Each semester is of four

months duration comprising of sixteen weeks. Each week shall have 24 hours of

classes (6 days in a Week).

The 1st Semester shall commence ordinarily within one week after the last date of

admission fixed by the Department. The 3rd

Semester shall commence ordinarily after

completion of summer vacation. The 2nd

and 4th

Semesters shall commence ordinarily

from 1st week of January.

Ordinarily the odd Semester (1st & 3rd) examinations shall commence from 1

st week

of December and the even Semesters (2nd

& 4th

) examination shall commence from

first week of May. However, there shall be 120 (Four Months) teaching days for each

semester before the commencement of examination.

In a semester, each theory paper carries 50 full marks and 04 credits and total credit

for each semester is 24 credits. For each paper 10 to 12 hrs teaching will be allotted.

There shall be an internal assessment of 10 marks and rest 40 marks for University

examination. However, the paper having practical component i.e. MC: 2.6 (Business

Application and IT), there will not be any internal test. In such case, the total mark

i.e. 50 is divided into 25 each for theory and practical having two credits for each

component. There shall be one internal assessment and it shall have two components

internal class test and home assignments /presentation. The weightage given to above

stated components shall be announced at the beginning of a semester by the individual

faculty member responsible for the paper. The internal marks will be average of two

components mentioned above. A candidate failing to appear the internal test shall be

allowed to reappear it only under following conditions:

1. If the candidate is sick during the period of examination and produce

medical certificate to that effect.

2. In case the candidate is representing University in Sports/Cultural/Allied

activity provided documentary evidence is produced.

3. In case of demise of candidate’s Father/Mother/Close Relative

Further, improvement for internal test shall not be allowed.

The internal assessment shall be conducted during the class hours of the respective

course teachers in a particular day. However, other classes shall not be suspended on

that day. The marks secured in the internal assessment in each theory paper shall be

submitted in duplicate to the Head of the Department 15 days before the

commencement of the examinations who shall immediately submit to the Controller

of Examinations. The dates of internal class test shall be decided by the Department.

The record of the internal test shall be kept for a period of one year by the concerned

teacher if needed for verification.

2

The scheme of evaluation of Dissertation/ Grand Viva shall be as follows:

A. For paper MC: 4.3 (Dissertation)

MC: 4.3 will carry 50 marks and 04 credits. The following points should be

considered for Dissertation.

i. Every student, individually, would be required to prepare a dissertation.

ii. The topics for the dissertation would be selected out of the areas studied by the

students in the previous semesters from among specialization. The Dissertation

Supervisor and the Head of the Department would jointly decide the final

selection of the topics.

iii. The students must undertake data analysis as part of the dissertation work.

iv. The dissertation should be submitted before the commencement of the external

examinations of the fourth semester.

v. The dissertation should be submitted in a standard format as prescribed by the

Dept.

vi. The viva-voce examination will be conducted along with the external

examination of the fourth semester.

B. For Paper M.C: 4.4 (Grand Viva-voce)

The Grand viva-voce will be conducted at the end of 4th

semester. The

fundamentals of the subject taught over the previous semesters, will be examined in

Grand viva-voce. The viva-voce will be conducted by an external examiner. The

Grand viva-voce will carry 50 marks and 04 credits.

COURSE OUTLINE

1st Semester

Subject Code Subject Title Full

Mark

Credit

Point

MC : 1.1 Management Concepts & Practices 50 04

MC : 1.2 Statistics for Management 50 04

MC : 1.3 Financial Management 50 04

MC : 1.4 Accounting for Decision Making 50 04

MC : 1.5 Managerial Economics 50 04

MC : 1.6 Corporate Financial Accounting 50 04

TOTAL 300 24

2nd

Semester Subject Code Subject Title Full

Mark

Credit

Point

3

MC : 2.1 Business Environment 50 04

MC : 2.2 Organizational Behaviour 50 04

MC : 2.3 Marketing Management 50 04

MC : 2.4 Insurance Management 50 04

MC : 2.5 Social Survey & Research 50 04

MC : 2.6 Business Application & IT

( Theory + Practical)

25+25 02+02

TOTAL 300 24

During 2nd

& 3rd

semester, in addition to compulsory papers, each student has to opt

any one specialization out of Accounting or Finance. The specialization opted by a

student in 3rd

semester will remain unchanged in 4th

semester.

3rd

Semester

MC : 3.1 Strategic Management 50 04

MC : 3.2 Financial Institutions and Markets 50 04

MC : 3.3 Operation Research 50 04

MC : 3.4 Fundamentals of Management 50 04

(A) Accounting Specialization

MC : 3.5 (A) Advanced Accounting 50 04

MC : 3.6 (A) Corporate Tax planning 50 04

(B) Finance Specialization

MC : 3.5 (B) Merchant Banking & Financial

Services

50 04

MC : 3.6 (B) International Finance 50 04

TOTAL 300 24

4th

Semester

MC : 4.1 Corporate Governance & Business

Ethics

50 04

MC : 4.2 Corporate Law 50 04

MC : 4.3 Dissertation 50 04

MC : 4.4 Grand Viva-voce 50 04

(A) Accounting Specialization

MC : 4.5 (A) International Accounting 50 04

MC : 4.6 (A) Accounting Standards &Corporate

Reporting

50 04

(B) Finance Specialization

MC : 4.5 (B) Security Analysis & Portfolio

Management

50 04

MC : 4.6 (B) Risk Management and Derivatives 50 04

TOTAL 300 24

GRAND TOTAL 1200 96

# Each paper carries 4 Credit points & a minimum of 40 hours of classes.

DETAIL SYLLABUS

4

1st Semester

MC 1.1 MANAGEMENT CONCEPTS AND PRACTICES

UNIT I Introduction:

Introduction, concept, nature, process and significance of Management, Managerial Roles

(Mintzberg) : Management Function, Management Thought

UNIT II Planning and Controlling :

Planning: Concept, Process & types. Decision-Making-Concept and Process, Management by

objectives, Corporate Planning, Environmental analysis,

Management Control: Nature, Process, Effective Control System, Techniques of Control.

UNIT-IIIOrganizing and Staffing:

Organizing concept, Nature, Process, Significance, Authority and Responsibility

Relationship,Centralization & Decentralization of Authority, Organization, Organization

Structure- Forms.

Staffing: Job Design, Job Analysis, Procurement, Recruitment and selection. Training:

Concept and Forms, Executive Development, Compensation: Basics.

UNIT IV Directing:

Communication: Concept and Process, Forms, Barriers of Communication.

Team Building: Concept, Motivation: Concept and Process, Leadership: Concept and Style.

References:-

1. Rabbins,Management, Peãrsons Education, New Delhi.

2. Stoner & Freeman, Management- PHI, New Delhi

3. Prasad L. M. : Principles & Practice of Management- Sultan Chand. Delhi

4. Prasad Manmohan, Management : Concepts and Practices, HPH, New Delhi

MC 1.2 STATISTICS FOR MANAGEMENT

5

UNIT I

Correlation and Regression Analysis- Partial Correlation, Multiple Regression.

UNIT II Probability Theory:

Probability- classical, relative and subjective probability; Addition and multiplication

probability models; Conditional probability and Baye’s theorem.

Probability Distributions: Binomial, Poisson and Normal Distributions:their characteristics

and applications.

UNIT III Statistical Decision Theory:

Decision Environment;Expected profit under uncertainty and assigningprobabilities; Utility

Theory; Decision Tree analysis.

Sampling:Concept of Sampling , Methods of Sampling. Law of large numbers and central

limitTheorem; Sampling distributions and their characteristics.

UNIT IV Statistical Estimation and Testing:

Point and interval estimation of population mean, proportion and variance; Statistical testing-

hypotheses and errors; Large and small sampling tests-Z tests, Ttests and Ftests.Non

Parametric Tests: Chi-square tests

References:

1. Levin, Richards I, and David S Rubin: Statistics of Management, Pearson Education,

Delhi.

2. Gupta, S. P.; Statistical Methods, Sultian Chand, Delhi.

3. Sharma, Anand; Quantitative Techniques for Decision Making, HPH, New Delhi.

4. Arora P.H., Surneet etc.; Comprehensive Statistical Methods, S. Chand. Delhi.

MC 1.3 FINANCIAL MANAGEMENT

6

UNIT I Introduction:

Nature and Scope of FinancialManagement; Financial Goals-Conflict of interestbetween the

stakeholders; Functions of FinancialManager, EmergingChallenges faced by the Finance

Manager

UNIT II Financing Decisions:

Sources of Long term Capital-Equity. Debt, Term Loan, Preference share, Hybrid Securities

Cost Of Capital: Computation of Cost of Equity-Cost of Debt-Cost of Preference Capital-

Cost of Internal reserve-Weighted Average Cost of Capital.

UNIT III Leverage and Capital Structure Analysis:

Analysis of Operating Leverage and Financial Leverage.Capital Structure:Conceptof

Capital Structure, Determinants, Theories of CapitalStructure:-CapitalStructure Decision and

Shareholder’s ValueMaximization.

UNIT IV Dividend Decisions:

Issues in Dividend Decisions, Models and Theories of Dividend, Forms of Dividend,

Corporate Dividend Behavior.

References:

1. Bhattacharya, H.,Working Capital Management: Strategies and Techniques,

Pearson Education, Delhi.

2. Chandra, Prasanna: Financial Management, Tate McGraw Hill, Delhi.

3. Pandey, IM: Financial Management, Vikas Publishing House, Delhi.

4. Khan MY, Jam PK: Financial Management; Tate-Mc Grew Hill, New Delhi.

7

MC 1.4 ACCOUNTING FOR DECISION MAKING

UNIT I Accounting Information and Managerial Decision Making:

Financial-accounting, Cost accounting, arid Management accounting; Accountant’s position,

role, and responsibilities.

Analysis Financial Statements: Horizontal and Vertical Analysis, Ratio analysis.

UNIT II Marginal Costing and Break-even Analysis:

Concept of marginal cost; Marginal costing and absorption costing; cost-volume-profit

analysis; Break- even analysis; Decisions regarding sales-mix, make or buy decisions and

discontinuation of a product line etc.

UNIT III Budgeting:

Features of a budget; Essentials of budgeting; Types of Budgets- functional , master budgets,

etc; Fixed and flexible budget; Budgetary control; Zero-base budgeting; Performance

budgeting.

UNIT IV Standard Costing and Variance Analysis:

Standard costing as a control technique; setting of standards and their revision; Variance

analysis- meaning and importance, kinds of variance and their uses -materials, labour,

overhead and sales variance; Disposal of variances.

Accounting Plan and Responsibility Centres:Meaning and significance of responsibility

accounting; Responsibility centers - cost centre, profit centre and investment centre;

Objective and determinants of responsibility centers.

References:

1. Das, B., Management Accounting, Pearson India, New Delhi

2. Khan, M. Y., and Jam, P. K., Cost Accounting, Tata McGraw, New Delhi

3. Ghosh T P, Accounting and Finance for Managers, Taxman, New Delhi

4. Kaplan, Management Accounting. PHI, New Delhi

MC 1.5 MANAGERIAL ECONOMICS

8

UNIT I Fundamental Concepts & Principles:

Introduction to Managerial Economics; Scope and Subject Matter,Basic Concepts and

Techniques, Nature ofManagerial d Economic Problems, Nature of Economic Analysis, Role

and responsibility of managerial economist; Implicit and explicit costs.

UNIT II The Theory of Firm:

The circular flow of Economic Activity. The nature of the firm. Objectives of the

firm,Maximizing versus satisfying, the concept of economic profit, theories of profit-

Accounting and economic interpretation of profit. Policies on profit maximization. Profits for

control.

UNIT III Demand Analysis:

The demand schedule and demand curve. The demand function. Price elasticity of demand.

Interpretation of elasticity of demand. Income and cross elasticity’s of demand, business and

economic forecasting. Method of forecasting:Expert opinion. Market experiments, Surveys.

UNIT IV Theory of Production and Cost Analysis:

The production function. One variable input production function. Two-variable input

production function, managerial use and Cost Concepts- meaning and managerial use. Cost –

output relationship. Cost reduction and control.

References:

1. Craig Peterson, H. Cns Lewis, W., Managerial Economics, Pearson Education,Delhi.

2. Mehta P. L.: Managerial Economics Analysis, Problems and cases, Sultan Chand and

Sons, New Delhi

3. MukharjeeSampat: Business and Managerial Economics, New Central Book Agency,

Calcutta.

4. Baumol W. J.. : Economic Theory and Operations Analysis, Prentice Hall of India Ltd.,

New Delhi

5. Johnson J: Economic Methods. McGraw Hill, New Delhi.

MC 1.6 CORPORATE FINANCIAL ACCOUNTING

9

UNIT – I Valuation of Goodwill and Shares, Funds flow statements.

UNIT – II Accounting Issues: Relating to Amalgamation, absorption, and

Reconstruction of companies both external and internal.

UNIT – III Accounting issues : Relating to Liquidation of companies. Investment

Accounts. Lease Accounting.

UNIT – IV Contemporary Areas in Accounting: Environmental Accounting, HR

Accounting, Inflation Accounting and Value added Accounting.

References

1. Dearden, J. and S.K. Bhattacharya: Accounting for Management, VPH, New Delhi.

2. Gupta, R.L: Advanced Financial Accounting, S. Chand & Co., New Delhi.

3. Horngreen, Introduction to Financial Accounting:, Pearson Education, New Delhi.

4. Maheshwaari, S.N: Advanced Accountancy – Vol. II, Vikas Publishing House, New

Delhi.

2nd

Semester

10

MC 2.1 BUSINESS EVIRONMENT

UNIT :I Theoretical Framework of Business Environment:

Concept, Significance, Nature and elements of business environment; Techniques of

environmental scanning and its rationale, merits and demerits.

UNIT :II Economic, Political and Legal Environment of Business:

Economic Planning in India; Government Policies-Industrial Policy, Fiscal Policy, Monetary

Policy, Public Sector and Economic Development. Critical elements of political environment;

Government and Business; Changing dimensions of legal environment in India.

UNIT: III International and Technological Environment:

Multinational Corporations; Foreign Collaborations and Indian business; International

economic institutions – WTO, World Bank, IMF and their importance to India; Foreign

Trade Policies; TRIPS, TRIMS, Anti-dumping. Dispute Settlement.

UNIT: IV Economic Reforms:

Need for economic reforms, Main features of reforms, structural changes, Deregulation,

privatization and globalization impact of reforms, Human faces of reforms, Future trends of

reforms.

References:

1. Adhikary, M: Economic Environment of Business, Sultan Chand & Co, Delhi

2. Aswathappa, K: Legal Environment of Business, Himalaya Publication, Delhi

3. Chakravarty, S: Development Planning, Oxford University Press, Delhi

4. Ghosh, Biswanath: Economic Environment of Business, VPH, New Delhi

5. Ramaswamy, V.S. and Nama Kumari: Strategic Planning for Corporate Sucoss,

Macmillan, New Delhi

MC 2.2 ORGANISATIONAL BEHAVIOUR

11

UNIT I Organizational Behavior:

Organizational behavior-concept and significance; Concepts and components of Attitudes;

Concept and Process of Perception; Concept of Learning; Personality: Types and Theories

UNIT II Group Dynamics and Team Development:

Concept of Interpersonal and Group Behaviour, Group dynamics-definition and importance,

Types of Groups, Stages of Group Development, Group decision making Techniques

Motivation: Process and Theories of motivation Need hierarchy theory, two factor theory,

Alderfer’s ERG theory, McClelland’s need theory, Victor Vroom’s expectancy theory, Stacy

Adams equity theory. Theory X and theory Y

UNIT III Leadership:

Concept and styles; Theories- Trait theory, Behavioral theory, Fiedler’s contingency theory;

Hersey and Blanchard’s situational theory; Managerial grid;

UNIT IV Organizational Conflict:

Sources and types of conflict; Traditional and modem approaches to conflict; Functional and

dysfunctional conflicts, Resolution

Organizational Development: Concept; Need for change, resistance to change; OD

intervention.

References:

1. Robbins, Stephen P, Organisatinal Behaviour, Pearson Education,Delhi.

2. Luthans, Fred: Organizational Behaviour, McGraw-Hill, New Delhi.

3. Newstrom, John W. and Keith Davis, Organizational Behaviour: Human Behaviour at

work, Tata McGraw- Hill, New Delhi.

4. K. Aswathapa Organisational Behavior, HPH, New Delhi.

MC 2.3 MARKETING MANAGEMENT

12

UNIT I Basics of Marketing:

Meaning, Importance, Scope of Marketing; Marketing elements and Strategies, Marketing

Environment; Marketing and Economic Development Process; Marketing Organisation.

UNIT II Marketing Management and Studying Consumers Behaviour:

Marketing Management Process:- Planning & Market Segmentation, Marketing Research &

Marketing Information System; Consumers Behaviour and Marketing Strategies

UNIT III Product Management & Pricing Strategies:

Meaning and Importance of product decesion, Product Classification, Product Life Cycle

(PLC) and marketing Strategies; Branding & Packaging; Pricing objectives, factors of pricing

methods, and pricing policies.

UNIT IV Promotion & Placement Strategies:

Meaning and importance of Communication and Promotion, elements an tools of promotion,

Objectives and Strategies of Promotion; Meaning and importance of Distribution, Physical

Distribution System. Marketing Practices in India: Rural & Agricultural Marketing;

International Marketing; Cyber Marketing, Co-operative Marketing; Green Marketing.

References:

1. Kotler Philip and Armstrong Gary: Principles of Marketing, Pearsons, New Delhi.

2. Kotler, P.: Marketing Management, Pearsons, New Delhi.

3. Ramaswamy & Namkumari: Marketing Management, Mc Millan, New Delhi.

4. Srinivasan: Case Studies in Marketing, Prentice Hall of India, New Delhi.

MC 2.4 INSURANCE MANAGEMENT

13

UNIT I Basic Concepts of Risk Management and Insurance:

Meaning of risk, Basic categories of risk, methods of dea1ingwith risk; Meaning and

objective of risk management; Concepts and features of insurance; Types of insurance

contract and fundamental principles of insurance; Cost benefit of insurance to the society.

UNIT II Insurance Regulatory Act,1999 and Insurance Market:

IRDA Act. 1999, Meaning, Objectives, Duties, Powers and Functions of Authority,

Globalization of Indian Insurance, Privatization and Challenges before the insurance

Industry, Need for Reforms and Reforms Strategy.

UNIT III Life Insurance, Fire and Marine Insurance:

Definition, Features and Principles, Procedure for taking a policy, Policy conditions,

Premium Plans, Calculation of Premium, Settlement of Claims.

UNIT IV Re-Insurance and Investment:

General Features, Common terms, Features and Objects, Rights and Liabilities of Re-

insurance, Principles of Re-insurance, Methods. Investment: Investment Principles, Types,

Legal and Social aspect of Investment, Policies of Insurance Companies.

References

1. ArifKtian, Theory and Practice of lnsurance, Educational Book House, New Delhi.

2. Sharma R. S., Insurance Principles and practice, VPH, Delhi.

3. Mishra M. N., Insurance principles & Parctice, S Chand, New Delhi.

4. Ganguly Anand, Insurance Acr, New Age International Publication, New Delhi..

5. Insurance Law Manual, Taxman, Delhi.

MC 2.5 SOCIAL SURVEY & RESEARCH

14

Unit I Research:

Meaning and Objectives, Type of Research, Role of research in functional areas: Accounting,

Finance, Marketing, HR etc. Research Methods, Research Methodology, Research Process.

Unit-II Defining Research Problems:

Setting Objectives, Formulating Hypothesis, Research Design, Sample Design.

Unit-III Data collection and Processing:

Collection of primary and secondary data, Design of questionnaire. Classification,

Tabulation, Editing, Analysis and Interpretation of Data, Uni-variate, Bi-variate and Multi-

variate Analysis.

Unit-IV Report Writing:

Categories of report, parts of a report, presentation of a report.

References:

1. Kothari, C. R., Research Methodology Techniques, Vishwa Prakashan, New Delhi.

2. Cooper and Schindler, Business Research Methods, MsGraw Hill, New Delhi.

3. Wilkinson & Bhandarkar, Methodology of Research in Social Sciences, HPH, New

Delhi.

4. Paneerselvan R, Research Methodology, PHI, New Delhi.

MC 2.6 BUSINESS APPLICATION & IT

15

UNIT I Computer Hardware & Software:

Computer system as information processing system, Computer System, different types of

computer systems, hardware options - CPU, input devices, output devices, storage devices,

communication devices, configuration of hardware devices and their applications. Memory,

Software, Different types software, Programming Languages.

UNIT II Modern Information Technology:

Basic idea of Local Area Networks (LAN) and Wide Area Networks (WAN), E-mail,

Internet technologies, access devices, concept of a World Wide Web and internet browsing,

Multimedia.

UNIT III Introduction to Operating system:

What is Operating System? Functions & Types. Word Processing: Introduction and working

with MS-WORD, Word basic commands, Formatting- text and documents, Sorting and

Tables, Introduction to mail-merge. Spread Sheets: working with EXCEL- formatting,

functions, chart features, Using worksheets, Presentation with Power Point power.

UNIT IV Introduction to Accounting Packages:

Company Creation, Group and Ledger Creation, Voucher Entry, Maintenance of accounting

books and final accounts, financial reports generation. Practical Knowledge on Tally.

References:

1. V. Rajaraman, Fundamental of Computers, PHI Publication, New Delhi.

2. Diennes, Sheila S: Microsoft Office, Professional for Windows 95, Instance reference,

BPB Publication, Delhi

3. Mansfield, Ror, The Compact guide to Microsoft office, BPB Publication,.Delhi.

3rd

Semester

16

MC 3.1 STRATEGIC MANAGEMENT

UNIT I Concept of Strategy:

Defining strategy, levels at which strategy operates Strategic Intent, Strategic Management

Process , Environmental Appraisal, Organizational Appraisal

UNIT II Strategy Formulation and Choice of Alternatives:

Types of Corporate Strategies: Growth, Stability, Retrenchment and Combination, Blue

Ocean and Red Ocean Strategy

UNIT-III Functional Strategies:

Marketing, Personnel and Financial plans and policies.

UNIT-IV Strategy Implementation:

Inter- relationship between formulation and implementation; Issues in strategy

implementation. Strategy-Structure-Environment Relationship Strategy Evaluation:

Techniques of strategic evaluation and control, Problem in management and valuation,

Global Issues in Strategic Management.

References:

1. David, Strategic Management, Pearson Education, New Delhi.

2. Bhattachary, S.K. and N. Venkataramin: Managing Business Enterprises: Strategies,

Structures and Systems, Vikas Publishing House, New Delhi.

3. Ansoff, Implanting Strategic Management, Prentice Hall of India, New Delhi.

4. Kazmi, Azhar: Business Policy and Strategic Management, Tata McGraw Hill, Delhi.

MC 3.2 FINANCIAL INSTITUTIONS AND MARKETS

17

UNIT I Nature of Financial System:

Its function- Components of Financial System, Evolution of Indian financial system-

Innovations in Indian Financial System.

Types of Financial Markets: Money Market and Capital Market. Role, Players, Instruments,

Constituents and recent development Review of the Securities Market in India; Role of SEBI.

UNIT II Commercial Banking in India:

Structure, and Functions., Balance-sheet Analysis, ,Risk exposures, Basel Norms

,Diversifications in Commercial Banking functions, Role of Commercial Banks in the Money

Market, A SWOT Analysis of Indian Commercial Banks.

Micro Finance: Problems and Prospects.

UNIT III Development Financial Institutions:

Structure- Role and Objectives- Promotional Functions -Emerging Problems & Development

Banks- Strategic Options- Concept of Universal Banking.

Non-Banking Financial Companies: Concept and role in Financial Market- Regulation and

Roles of leasing, Hire Purchase and Housing Finance Companies- Venture Capital

Companies.

UNIT IV Mutual Funds:

Concept, Features and different types of Mutual Funds. Regulation of Mutual Funds-

Marketing of Mutual Funds- Problems and Prospects. Latest Scenario of Mutual Funds

Industries.Merchant Banking: Concept, function - SEBI guidelines.Depository System:

Objectives, participants and operating mechanism.

References:

1. Avdhani, Investment and Securities Markets In India, HPH, Delhi.

2. Bhole,L.M, Financial Markets and Instftutions,Tata McGraw Hill, Delhi.

3. Khan,M.Y, Indian Financial System,Tata McGraw Hill, Delhi.

4. Srivastava R.M, Management of Indian Financial Institution; Himalaya Publishing

House, Mumbai.

5. Gorden and Natarajan, Financial Markets and Services, Himalayan Publishing

House, N.Delhi.

MC 3.3: OPERATION RESEARCH

18

.UNIT-I OR Introduction:

Meaning, nature and scope of OR, Methodology of OR, Techniques of OR, Models of OR,

OR Applications in management, industry and economy.

UNIT-II Linear Programming Problem:

Basics concept of LPP, Formulation of LPP, Solution of LPP by Graphical Method, Simplex

Procedure and Method.

UNIT-III Transportation Problem and Assignment Problem:

Basic Concept, TP Structure and Method of Solutions, Optimality Test, Degeneracy of TP,

Assignment Problem, AP solution Method.

UNIT-IV Advance OR Technique:

Concept, Application, Limitation of Game Theory (Basic Definitions, Minimax- Maxmin

Principle, Dominance Principle), Concept of Queuing Theory, Job Sequencing (n jobs

through 2, 3 Machines), Concept of PERT-CPM.

Reference:

1. Kothari CK, Operation Research , Tata McGraw Hill, New Delhi.

2. Sharma JK , Operation Research , McMillan India ltd, New Delhi.

3. Taha H.A, Operation Research - An Introduction, McMillan, New Delhi.

4. Swaroop K. Gupta P K and Man Mohan, Operation Research , Sultan Chand & Sons,

New Delhi.

5. Gupta,Sharma,Chawla, Operation Research, Kalyani Publisher, New Delhi

19

MC 3.4: FUNDAMENTALS OF MANAGEMENT

Unit – I Organization Structure & Management (10 Hrs)

Introduction: Nature, objectives, functions and process of Management. Managerial levels,

Skills and Roles: Evolution of Management Thought. Forms of Business Organization: Sole

Proprietorship, Partnership Firm, Concepts, Types and Formation of Companies. Multi-

National Companies (MNCs) and its Features.

UNIT-II: Marketing Management (10hrs)

Meaning, nature and scope of Marketing and marketing Management, Marketing Process,

Marketing Environment. Emerging Marketing Challenges. Recent Trends in Marketing,

Marketing Organization,

Unit-III Financial Management (10 hrs)

Financial Management-Definition, Functions, Objectives and Goals. Source of Finance. Cost

of Capital-Definition, Significance, present value and discounting, concept of risk and return.

Unit-IV Human Resource Management (10 hrs)

Concept, nature and Scope of HRM, Challenges of HRM, Role of HR Manager in Changing

Environment.

References:

1. Robins Stephen P, Organization Theory- Structure, Design and Application, Prentice

Hall of India, New Delhi.

2. Kotler Philip: Marketing Management Analysis, Planning, Implementation and

Control, PHI, New Delhi.

3. Pandy IM, Financial Management, Vikas Publishing House Pvt. Ltd., New Delhi.

4. VSP Rao, Human Resource Management, Excel Books, New Delhi.

MC 3.5(A) ADVANCED-ACCOUNTING

20

UNIT-I Holding Company Accounting:

Meaning, Definitions and requirement, Philosophy of consolidation; Minority Interest, Cost

of Control, Revaluation of Assets and Liabilities, Bonus shares & Dividends, Consolidation

of P/L Account and Balance Sheet.

UNIT-II Liquidation of companies:

Preparation of Statements of Affairs and Deficiency Account, Preparation of Liquidator’s

Final Statement of Account

Accounting for Amalgamation of Companies

UNIT-III Insurance Company Accounts:

Life Insurance Companies & the statutory books to be maintained, statutory provisions in

preparing the revenue account, valuation balance sheet and balance sheet. Marine & Fire

Insurance Accounts. Electrical company accounts.

Banking Company Accounts: Different systems of Posting, Different statutory books to be

maintained, P & L account and P&L appropriation account & balance sheet as per Banking

Regulation Act 1949.

UNIT-IV Government Accounts:

Commercial Accounts and Government Accounts, Accounting methods & Financial

statements, Basic principles of government accounts in India, classification of government

accounts in India,

Human Resource Accounting; Inflation Accounting; Social Responsibility Accounting.

References:

1. R. L. Gupta & M Radhsswamy, Advanced Accounting - Vol. II, Ill & IV, S. Chand,

Delhi.

2. Maheswari & Maheswari, Advanced Accounting, VPH, Delhi.

3. G Francis Xavier, Fundamentals of Advanced Accounts - Vol. II, Tata Mc Graw Hill,

Delhi

4. Hanif & Mukherjee , Advanced Accounting - Vol I & II, Tata Mc Graw Hill, New

Delhi

21

MC 3.6 (A) CORPORATE TAX PLANNING

UNIT I Basics and Foundation

Corporate Tax in India, Assessment of Corporate Assessee- Head wise, Concept of Tax

Planning. Tax Management.

UNIT II Taxation Policy and Strategy

MAT, TDS, Advance Payment Tax, Self assessment, Tax Planning as Residential Status,

Specific Management decision, Make or Buy, Lease or Own, retain or replace, Shut down or

Continue, Double taxation relief.

UNIT III Corporate Issues in Tax Planning

Tax Planning for settling up new undertaking: Basis of Location, Basis of nature of Business

Foreign Collaboration and Tax Planning: Technician fees, Royalties, Tax Planning with

reference to: Depreciation, Capital gain, House Property, Amalgamation & Merger.

UNIT IV Emerging areas of Tax Planning

VAT, Rationale, Procedure of Calculation, Securities Transaction Tax, Banking Transaction

Tax Fringe benefit Tax, Service Tax.

References:

1. R.N.Lakhotia and Subash Lakhotia, Tax Planning for non-resident Indians, Vision

books(P) Ltd., Delhi

2. R.N.Lakhotia, Corporate Tax Planning, Vision books(P) Ltd., Delhi

3. Singhania, V.K, Direct Taxes: Law and Practic, Taxman’s Publication, Delhi.

MC 3.5 (B) MERCHANT BANKING AND FINANCIAL SERVICES

22

UNIT-I Indian Financial System & Financial Services:

Introduction to Indian Financial system and Securities Market, Market Structure; Market

Participants; Instruments; Regulations; New Issues Market.

UNIT-II Secondary Market Operations:

Growth of Stock Market operations in India; Organization and Functioning of Regional Stock

Exchanges, National Stock Exchange and OTCEI; Trading and Settlement mechanism.

UNIT-III Growth of Merchant Banking in India & Issue Management:

Meaning, nature, role and functions, regulations; Project Appraisal and Management; Pre-

issue and Post-issue management.

UNIT-IV Marketing of Financial Services:

Depository Services, Credit Rating, Housing Finance, Credit Cards, Mutual Fund. Factoring,

Forfeiting and Bills Discounting.

References:

1. Khan, M.Y., Indian Financial System, Tata Mc-Graw Hills, New Delhi.

2. Srivastava, R.M., and Nigam,D, Management of Indian Financial Institutions,

Himalayan Publishing House, New Delhi.

3. Pathak, Indian Financial System, Pearson Education, New Delhi.

4. Desai, Merchant Banking, Himalayan Publishing House, New Delhi.

5. Abdhani, V., Marketing of Financial Services, Himalayan Publishing House, New

Delhi.

MC 3.6 (B) INTERNATIONAL FINANCE

23

UNIT I Forex Market:

Structure, Exchange Rates, Player, Types of transactions - Risks in Forex Market -Problem of

market imperfection and MNC’s - International Monetary System - The concept of Balance

of Payment- Challenges in International Finance.

UNIT II Types of Forex Market:

Spot and Forward. Currency options and currency futures - Hedging with currency options

and futures, International parity relationship.

UNIT III Management of Forex Exposure:

Transaction Exposure, Operating/Economic Exposure, Accounting / Transaction exposure.

International Financial Market: Equity Market, Bond Market, International Financing

Decisions -Cost of Capital, Debt vs. Equity Decisions.

UNIT IV Financing International Trade:

Letter of Credit, Bill of Lading, Govt. Programmes to Finance International trade -— Counter

trade- Forms of counter trade.

References:

1. IAN,H. Giddy, Global Financial Markets, AITBS Publishers and Distributors, New Delhi.

2. P.G. Apte, International Financial Management , Tata McGraw Hill, New Delhi.

3. Alan, C. Shapiro, Multinational Financial Management, Allyn and Bacon Inc, Boston.

4. Sharan Vyuptakesh, International Management, PHI, New Delhi.

24

4th

Semester

MC 4.1 CORPORATE GOVERNANCE & BUSINESS-ETHICS

UNIT I Corporate Governance (CG):

Meaning, Historical Perspective, Issues in CG, Theoretical basis of CG, CG Mechanism, CG

Systems, Good CG. CG Committees, World Bank on CG, OECD Principles, Sarbanes -Oxley

Act, 2002, Indian Committees and Guidelines, CII Initiatives.

UNIT II Agents & Institutions in CG:

Rights & Privileges of Shareholders, Investors Problems & Protection, CG & other

Stakeholders, Role of Regulators & Government.

UNIT III Business Ethics:

Importance & Need for Business Ethics, Unethical Behavior & Issues, Corporate Governance

Ethics, Ethics in Global Business.

UNIT IV Ethics and CSR:

Importance & Scope of CSR, Social Responsibility & Indian Corporations, Environmental

Concerns, Ethics in the Business Decisions.

References:

1. A. C. Femado, Corporate Governance, Pearson Education, New Delhi.

2. L. P. Hartrnari, Business Ethics, Tata McGraw-Hill, New Delhi.

3. B H Agalgatti & S. Krishna, Business Ethics, Niraj Publications, New Delhi.

25

MC 4.2 CORPORATE LAW

Unit-1: Indian Contract Act:

Negotiable Instruments act, Indian stamp Act, Copy Right Act.

Unit-2: Indian Competition Act 2000:

Consumer protection Act, Patent Act, Workman Compensation Act, Sick Industries

Companies Act.

Unit-3: FEMA Act, EX-IM Policies

Unit-4: SEBI (Amendment) Act, Indian Companies (Amendment) Act, IT Act,

Trademark Act.

References:

1. Avadhani V.A: SEBI Guidelines and Listing of Companies, Himalaya Publishing House,

Delhi

2. Indian Contracts Act, 1872.

3. SEBI Act 1992, Nabhi Publication, Delhi

4. SCRA, 1956

5. Taxman’s Company Act(Latest) V. S. Datey

MC 4.3 DISSERTATION

MC 4.4 GRAND VIVA-VOCE

ACCOUNTING SPECIALISATION

26

MC. 4.5 (A) INTERNATIONAL ACCOUNTING

UNIT I International Dimensions of Accounting:

Meaning, Importance & Scope of International Accounting, Internationalization of the

Accounting Profession, Accounting Profession in Select Countries. , International

Accounting Standards

UNIT II Foreign Currency Translation:

The Need for translation, Transaction of Foreign Currency, Financial Statements- Forward

Exchange Contracts.

UNIT III International Dimensions of Financial Reporting:

Transactional Reporting, Reporting Practices, Consolidation of Financial statements.

UNIT IV Analysis of Foreign Financial Statements:

Techniques of Financial Statement Analysis, Analysing global financial statements.

Evaluation of Performance.

References:

1. Shirin Rathore, International Accounting, PHI, , New Delhi.

2. A.K. Basu, International Accounting Harmonisatlon , University of Calcutta, Kolkata

3. B. Banerjee, Contemporary Issues in Accounting Research, IAA Research Foundation.

4. Meigs & Meigs, Accounting : The Basis for Business Decisions, McGraw Hills, New

Delhi.

27

MC 4.6 (A) ACCOUNTING STANDARDS AND CORPORATE REPORTING

UNIT I Accounting Standards:

Meaning and Importance, Historical development, Need for harmonization and

standardization.

Accounting Standards in India: Objectives, Process of Standard Setting

UNIT II Brief Idea:

About first fifteen accounting standards developed by ASB. (Special emphasis on AS-1, 2, 3,

6, 10 and 14)

UNIT III Brief Idea:

About other Accounting Standards, Developed by ASB. (Special emphasis on AS- 17,

18,20,21,25 and 28)

UNIT IV Corporate Disclosure:

Annual Reports: Directors Report & Auditor’s Report, Accounting Reports, and Modern

Trends in Corporate disclosure.

References:

1. N. Das Gupta, Accounting Standards: Indian International, Sultan Chand, New Delhi

2. L. S. Porwal, Accounting Theory, Tata McGraw, New Delhi

3. S. Rathore, International Accounting, Tata McGraw, New Delhi

4. D.S.Rowat, Students’ Guide to Accounting Standards, Taxman, New Delhi

28

FINANCE SPECIALISATION

MC 4.5 (B) SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT

UNIT I Investments:

Nature and scope of investment analysis, element of investment, avenues of investment.

Fundamental Analysis. Economic analysis, Industry analysis and company analysis

Technical Analysis: Trends, indicators, indices and moving averages applied in technical

analysis.

UNIT II Efficient Market Hypothesis:

Weak, semi-strong and strong market and its testing techniques.

Valuation of Securities: Bonds and Equity shares.

UNIT III Portfolio Analysis:

Estimating rate of return and standard deviation of portfolio. Effect of combining the

securities; Markowitz Risk-return optimization; single Index Module or Market Module;

Portfolio total risk, portfolio market risk Simple Shame’s optimization solution.

UNIT IV Capital Market Theory:

Capital market line, Security market line, risk free lending and borrowings; factor Models:

Arbitrage pricing theory, two factor and multi factor models.

Portfolio Performance Evaluation: Measure of return, risk adjusted measures of return,

market timing, evaluation criteria and procedures.

References:

1. Amling, Fundamentals of Investment Analysis, Pearson Education, Delhi

2. Bhalla, Investment Analysis, S. Chand & Co, Delhi

3. Chandratre K. R., Capital Issue, SEBI & Listing, Bharat Publishing House, New

Delhi.

4. MachI Raju, H.R., Merchant banking; Willy Eastern Ltd., New Delhi

29

MC 4.6 (B) RISK MANAGEMENT & DERIVATIVES

UNIT I Risk:

Definition, types of Risk, Process of Risk Management, The tools of risk Management.

Derivatives: Definition and Evolution of derivatives, Derivatives Markets, Types of

Derivatives, Derivatives in India.

UNIT II Futures Market:

Functions of futures market, Price spread and hedging, futures and price stabilization, tests of

efficiency, Financial futures as a mechanism of risk transference, spot and futures prices.

Interest Rate futures, Currency Futures, (Foreign Exchange) Stock index futures and

Financial Futures in India. Risk Management with Futures, Cost of Carry Model, Index

Arbitrage, Purchasing Power Parity Theorem.

UNIT III Options:

Terminology and methodology of trading, Types of Options, Option pricing, Swaps, types of

Swaps, Swap Valuation, and other derivatives, Speculation with options, Risk management

with options & futures.

UNIT IV Regulatory Framework of Futures & Derivatives:

Regulatory bodies in Major international Markets, Regulatory framework in India, regulatory

instruments and needs, Accounting for derivative transactions.

References:

1. John C. Hill, Options, Futures & Other Derivatives, Pearsons, New Delhi.

2. T.V. Somanathan, Derivatives, Tata McGraw Hill, New Delhi.

3. Redhead, Financial Derivatives, Prentice Hall, New Delhi.